According to the new market research report "MOOC Market by Component (Platforms (XMOOC and CMOOC), Services), Course (Humanities, Computer Science and Programming, and Business Management), User Type (High School, Undergraduate, Postgraduate, and Corporate) and Region - Global Forecast to 2023", is expected to grow from USD 3.9 billion in 2018 to USD 20.8 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 40.1% during the forecast period.
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Recent Developments:
• In October 2018, edX introduced 9 new Master’s degree programs from top global institutions in highly in-demand subjects, such as data science, cybersecurity, computer science, analytics, and supply chain management. The enhanced version of the MicroMasters Program can be stacked into a fully online Master’s degree program, thus strengthening the Master’s degree application.
• In June 2018, LinkedIn partnered with LMS providers - Cornerstone OnDemand and SAP SuccessFactors - to boost LinkedIn learner’s growth and reach on respective company websites.
• IN March 2018, Coursera partnered with 5 universities to expand its Master’s and Bachelor’s degree offerings to drive more learner base. IT would help the company expand its presence in universities to provide full degree courses.
Key Questions addressed by the report:
1. Where will all these developments take the industry in the mid to long-term?
2. What are the drivers, restraints, opportunities, and challenges of the MOOC Market?
3. Which are the leading players operating in the Massive Open Online Course Market?
4. How is the market segmented into different courses, user types, and components?
5. How is the market segmented into 5 major regions: – North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America?
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Key Target Players for MOOC Market
The Massive Open Online Course Market comprises major solution providers, such as Coursera (US), edX (US), Pluralsight (US), Edureka (India), Alison (Ireland), Udacity (US), Udemy (US), Miríadax (Spain), Jigsaw Academy (India), Simplilearn (US), iversity (Germany), Intellipaat (India), Edmodo (US), FutureLearn (UK), LinkedIn (US), NovoEd (US), Open2Study (Australia), WizIQ (India), Skillshare (US), XuetangX (China), Federica (Italy), Linkstreet Learning (India), Khan Academy (US), and Kadenze (Spain).
The study includes in-depth competitive analysis of key players in the MOOC market with their company profiles, recent developments, and key market strategies. The players in the market have embraced different growth strategies to expand their global presence and market shares. New product launches and upgradations, partnerships, agreements, and collaborations, have been major growth strategies adopted by the leading players from 2016 to 2018, which helped them innovate on their offerings and broaden their customer base.
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