The outbreak of the pandemic in recent years has led to a significant increase in the adoption of massive open online courses (MOOCs) worldwide. People have turned to MOOCs to achieve various goals, including career change, supplementary learning, corporate eLearning and training, career development, and college preparations. The flexibility and accessibility of MOOCs have made them an attractive option for individuals seeking personal and professional growth. With the convenience of online learning, learners can acquire new skills, expand their knowledge, and adapt to the changing educational landscape. This widespread utilization of MOOCs has further fueled the growth and popularity of the online learning industry.
According to Data Bridge Market Research, the North America Massive Open Online Courses (MOOCs) were valued at USD 1013.16 million in 2021 and are expected to reach USD 47673.91 million by 2029, registering a CAGR of 36.90% during the forecast period of 2022-2029.
“Continuous advancements in online learning platforms drive the market growth”
The massive open online courses (MOOCs) market is experiencing significant growth due to the continuous advancements in online learning platforms. The availability of MOOCs in multiple languages and their ability to cater to individual student needs have contributed to the rising demand. MOOCs offer advantages such as cost-effectiveness, flexible learning schedules, and access to demo classes, attracting learners from diverse backgrounds. Furthermore, the convenience of learning from anywhere at any time has made MOOCs increasingly popular. These factors collectively drive the growth of the MOOCs market, providing learners with enhanced educational opportunities and accessibility.
What restraints the growth of North America massive open online courses (MOOCS) market?
“Low completion rate among learners.”
The North America massive open online courses (MOOCs) market faces the restraint of a low completion rate among learners. While MOOCs offer flexibility and accessibility, many participants fail to complete the courses they enroll in. Factors contributing to this challenge include the lack of structured learning environments, limited interaction with instructors and peers, and the absence of accountability measures. Additionally, the self-paced nature of MOOCs can lead to decreased motivation and engagement. Addressing these issues by implementing strategies to enhance learner support, course design, and student engagement is crucial for improving the completion rates in the North America MOOCs market.
Segmentation: North America Massive Open Online Courses (MOOCs) Market
The massive open online courses (MOOCs) market is segmented on the basis of component, student served, and subjects
- On the basis of component, the massive open online courses (MOOCs) market is segmented into platform, services.
- On the basis of student served, the massive open online courses (MOOCs) market is segmented into post graduate, corporate, under graduate, high school and junior high school.
- On the basis of subjects, the massive open online courses (MOOCs) market is segmented into business management, computer science and programming, science, sociology and philosophy, humanities, education and training, healthcare and medicine, arts and design, mathematics, foreign language learning and others.
Regional Insights: United States dominates the North America massive open online courses (MOOCs) market
The United States holds the largest market share for platforms due to the widespread adoption of digitalized technology among organizations. The use of digital platforms for various purposes, such as communication, collaboration, and project management, has significantly contributed to its dominance in the market. Similarly, Mexico has witnessed substantial growth in the platform market due to the increasing trend of corporate learning and the need for efficient training and development solutions for employees.
Canada has emerged as the leader in the platform market due to its growing focus on higher education. The country's commitment to providing quality education has driven the adoption of digital platforms in universities and educational institutions. These platforms offer a wide range of online learning tools and resources, catering to the needs of students and educators. The emphasis on technology-enabled education has propelled Canada to hold the largest market share for platforms in the context of higher education.
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Recent Developments in North America Massive Open Online Courses (MOOCs) Market
- In May 2020, edX Inc. initiated a global initiative to support colleges in implementing effective online teaching and learning methods. Through providing free access to expertise and content, edX is assisting colleges in preparing for the upcoming semester, which is expected to witness campus closures or limited operations. This strategic launch not only addresses the immediate challenges faced by educational institutions but also enhances edX's brand reputation in the MOOCs (Massive Open Online Courses) market.
The Prominent Key Players Operating in the North America Massive Open Online Courses (MOOCs) Market Include:
- Udacity, Inc. (U.S.)
- Federica Web Learning (Italy)
- edX Inc. (U.S.)
- Coursera Inc (U.S.)
- Udemy, Inc. (U.S.)
- Pluralsight LLC (U.S.)
- Alison (Ireland)
- FutureLearn (U.K.)
- XuetangX (China)
- Skillshare, Inc. (U.S.)
- OpenupEd (U.K.)
- Kadenze, Inc. (U.S.)
- 360training (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of North America massive open online courses (MOOCS) market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: North America Massive Open Online Courses (MOOCs) Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
