The global market for massive open online courses (MOOCs) is witnessing remarkable growth. MOOCs have emerged as a popular choice for online education and training, catering to a broad range of learners. Technological advancements and the growing demand for lifelong learning have contributed to the widespread adoption of MOOCs. The demand for upskilling and lifelong learning, particularly in the professional and academic sectors, fuels the expansion of the MOOCs market.
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Data Bridge Market Research analyses that the Massive Open Online Courses (MOOCs) Market is valued at USD 9,209.55 million in 2022, and will reach USD 84,474.06 million by 2030, growing at a CAGR of 31.92% during the forecast period of 2023 to 2030. MOOCs provide learners with the opportunity to access educational content from anywhere, at any time, and at their own pace. This flexibility appeals to a wide range of learners, including working professionals and individuals seeking to acquire new skills.
Key Findings of the Study
Cost-effectiveness is expected to drive the market's growth rate
Cost-effectiveness is one of the main factors influencing MOOC growth. In contrast to conventional educational options, MOOCs frequently offer free or inexpensive courses. Education is made available to a wider range of people to this affordability factor, including those who may not have the financial means to pursue formal education. Through the elimination of barriers such as high tuition costs, out-of-pocket textbook expenses, and travel expenses, MOOCs democratize education and increase learning opportunities for all participants.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Component (Platform, Services), Subjects (Technology, Business Management, Computer Science and Programming, Engineering, Science, Sociology and Philosophy, Humanities, Education and Training, Healthcare and Medicine, Arts and Design, Mathematics, Foreign Language Learning, Others), Customer (Individual MOOCs, Enterprise / Corporate MOOCs, MOOCs for Small Enterprise, MOOCs for Medium Sized Enterprise, MOOCs for Large Enterprise, MOOCs for Educational Institutes), Objective (MOOCs for Reskilling and Online Certification, MOOCs for Language and Casual Learning, MOOCs for Supplemental Education, MOOCs for Higher Education, MOOCs for Test Preparation), Program (Certificate and Professional Program MOOCs, Degree and Master Programs MOOCs, Other MOOC Programs), Application (Education, Research and Study, Others), End User (Students, Professionals)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Coursera Inc (U.S.), edX LLC (U.S.), Pluralsight LLC. (U.S.), Brain4ce Education Solutions Pvt. Ltd (India), Alison (Ireland), Udacity, Inc. (U.S.), Udemy, Inc. (U.S.), Miríadax (Spain), Jigsaw Academy Education Pvt. Ltd. (India), Simplilearn Solutions (U.S.), iversity Learning Solutions GmbH, (Germany), Intellipaat (India), Edmodo (U.S.), FutureLearn (U.K.), LinkedIn (U.S.), NovoEd, Inc (U.S.), Open2Study (Australia), WizIQ (India), Skillshare, Inc (U.S.),XuetangX (China)
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Segment Analysis:
The massive open online courses (MOOCs) market is segmented on the basis of component, subject, customer, objective, program, application, and end user.
- On the basis of component, the market is segmented into platform and services. The platform segment is expected to dominate the market with a CAGR of 36.1% in the forecast period of 2023 to 2030 due to the infrastructure, interactive features, and personalized learning modes, enabling seamless access and engagement for learners worldwide.
In 2023, the platform segment is expected to dominate the component segment of the market
In 2023, the platform segment is expected to dominate the market owing to their crucial part in making massive open online courses (MOOCs) more accessible. The infrastructure, interactive tools, and personalized learning options they offer enable seamless access and engagement for students all over the world with a CAGR of 36.1% in the forecast period of 2023 to 2030
- On the basis of subjects, the 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. The business management segment is expected to dominate the market with a CAGR of 39.3% in the forecast period of 2023 to 2030 due to essential skills and knowledge to excel in the corporate world. MOOCs offering business management courses cater to the growing demand for professional development and career advancement opportunities in various industries.
In 2023, the business management segment is expected to dominate the subject segment of the market
In 2023, the business management segment is expected to dominate the market owing to essential knowledge and abilities to succeed in the business world. The growing demand for opportunities for professional development and career advancement across a range of industries is being met by MOOCs that offer business management courses with a CAGR of 39.3% in the forecast period of 2023 to 2030
- On the basis of customer, the market is segmented into individual MOOCS, enterprise / corporate MOOCS, MOOCS for small enterprise, MOOCS for medium sized enterprise, MOOCS for large enterprises, MOOCS for educational institutes. Individual MOOCs dominate the customer segment due to their widespread popularity and appeal to a diverse range of learners. Individual MOOCs cater to the needs of individual learners seeking personal skill development, career advancement, or knowledge enhancement in various subjects during the forecast period of 2023-2030.
- On the basis of objective, the market is segmented into MOOCS for reskilling and online certification, MOOCS for language and casual learning, MOOCS for supplemental education, MOOCS for higher education, and MOOCS for test preparation. Higher education dominates due to the increasing adoption of online learning in universities and colleges. These MOOCs offer courses and programs that align with accredited degrees, providing learners with the opportunity to earn academic credits and advance their formal education in a flexible and accessible manner in the forecast period of 2023 to 2030.
- On the basis of program, the market is segmented into certificate and professional program MOOCS, degree and master programs MOOCS, and other MOOC programs. Certificate and professional program MOOCs dominates due to the high demand for short-term skill-based courses and professional certifications. These MOOCs offer practical knowledge and credentials for career advancement and skill enhancement, attracting a larger user base compared to degree and master program MOOCs in the forecast period of 2023 to 2030.
- On the basis of application, the market is segmented into education, research, and study, others. The education segment dominates as MOOCs are primarily designed for educational purposes, providing learners with access to diverse courses, academic resources, and interactive learning platforms. MOOCs enhance traditional education and offer lifelong learning opportunities, contributing to their dominance in this segment in the forecast period of 2023 to 2030.
- On the basis of end user, the market is segmented into students, professionals. The segment of professionals dominates as MOOCs cater to their specific needs for career advancement, skill development, and continuous learning. Professionals seek MOOCs to upskill, stay updated with industry trends, and enhance their expertise, contributing to the dominance of this segment in the forecast period of 2023 to 2030.
Major Players
Data Bridge Market Research recognizes the following companies as the major massive open online courses (MOOCs) market players in massive open online courses (MOOCs) market are Coursera Inc (U.S.), edX LLC (U.S.), Pluralsight LLC. (U.S.), Brain4ce Education Solutions Pvt. Ltd (India)
Market Development
- In 2022, The University of California, Riverside Extension (UCRX) and edX, one of the top global online learning platforms from 2U, Inc., have partnered to develop the first Massive Open Online Courses (MOOCs) for UCRX on the edX platform.
- In 2022, The first two MicroBachelors programs in Statistics Fundamentals and Mathematics, as well as the LSE's first MOOC, were jointly launched by the London School of Economics and Political Science (LSE) and edX. The LSE is the first university to expand its degree partnership with the 2U and introduce a number of edX micro-credentials, providing students with a flexible, stackable path to pursuing an entirely online undergraduate degree.
- In 2020, Udacity, Inc entered into partnership with Microsoft which starts with the Machine Learning Scholarship Program for Microsoft Azure.
- In 2020, Federica Web Learning propelled knowledge into one of the greatest MOOCs based encounters within the Japan. Organization MOOCs permitted for adaptable conveyance models pre-COVID-19, but are indeed more profitable presently. This launch helped the company to generate revenue in the pandemic situation
Regional Analysis
Geographically, the countries covered in the massive open online courses (MOOCs) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in the massive open online courses (MOOCs) market during the forecast period 2023-2030
North America maintains dominance in the market for massive open online courses (MOOCs) and is expected to continue its trend during the forecast period. The region's dominance is primarily attributed to the presence of leading service providers in the United States and Canada, contributing to the overall growth of the global MOOCs market. For instance, EdX's introduction of MicroBachelors in 2020 has further expanded learning opportunities, enabling individuals to delve into scholarly subjects and enhancing the region's position in the MOOCs market.
Asia-Pacific is estimated to be the fastest growing region in the massive open online courses (MOOCs) market in the forecast period 2023-2030
Asia-Pacific is expected to witness the highest growth rate in the MOOCs market during the forecast period, primarily driven by China's initiatives to enhance education equity, quality, and efficiency through digital learning technology. With a large population engaged in both work and study, China's focus on developing MOOCs is supported by national government initiatives such as the Smart Education of China initiative and the comprehensive website Chinaooc, introduced by the Ministry of Education. These efforts aim to foster the growth of MOOCs and promote accessible education in the region.
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