Asia-Pacific Massive Open Online Courses (MOOCs) Market, By Component (Platform, Services), Student Served (Junior High School, Post Graduate, Corporate, Under Graduate, High School), Subjects (Business Management, Computer Science & Programming, Science, Sociology & Philosophy, Humanities, Education and Training, Healthcare & Medicine, Arts & Design, Mathematics, Foreign Language Learning, Others) – Industry Trends and Forecast to 2029.
Asia-Pacific Massive Open Online Courses (MOOCs) Market Analysis and Size
There is an increasing need for open education that is both accessible and inexpensive for both employers and students as technology develops and smartphones become more widely used. In the next years, it is projected that this element will advance the Asia-Pacific MOOC Market. Massive open online courses (MOOCs) have become more interesting over time, but the completion rate is still a difficult problem that is expected to restrain industry expansion. Before MOOCs can be viewed as a truly effective commercial paradigm, this problem needs to be solved.
Data Bridge Market Research analyses that the massive open online courses (MOOCs) market was valued at USD 1.92 billion and is expected to reach the value of USD 24.82 billion by 2029, at a CAGR of 37.7% during the forecast period. 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.
Asia-Pacific Massive Open Online Courses (MOOCs) Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD billion, Volumes in Units, Pricing in USD
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Segments Covered
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Component (Platform, Services), Student Served (Junior High School, Post Graduate, Corporate, Under Graduate, High School), Subjects (Business Management, Computer Science & Programming, Science, Sociology & Philosophy, Humanities, Education and Training, Healthcare & Medicine, Arts & Design, Mathematics, Foreign Language Learning, Others)
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Countries Covered
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China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific
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Market Players Covered
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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.), and 360training (U.S.)
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Opportunities
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Market Definition
Massive Open Online Courses (MOOC) are a distance-based method of eLearning that allows a sizable group of students to take part in a very collaborative and participatory way. A web platform is used to disseminate course content on a per-course or subscription basis. Mass involvement, social partnerships, interactive forums, and open-ended outcomes set MOOCs apart.
Massive Open Online Courses (MOOCs) Market Dynamics
Drivers
- High developments in technologies
The technology segment is one of the most developed in the market under consideration. The majority of people are enrolling in these categories because they are the easiest to monetize. Furthermore, the growing adoption of cutting-edge technologies such as data analytics and artificial intelligence ( AI) across various industries is broadening the scope of the studied segment over the forecast period. Computer science, I.T. and data analytics and statistics, machine learning, and cybersecurity are among the courses offered in the technology segment. Artificial intelligence ( AI) and machine learning are two of the segment's emerging technologies.
- Increased competition among students
Gamification of the massive open online courses (MOOCs) platform increases student participation while boosting student rivalry, which raises demand for the massive open online courses (MOOCs) market.
Opportunities
- Novel features and collaborations
The mentorship and personal supervision for students enrolled in massive open online courses (MOOCs) via online platforms is an opportunity for the massive open online courses (MOOCs) market. To attract sales and increase subscriber count, players in the MOOC market are offering novel features and forming collaborations with renowned organizations. This factor will eventually encourage growth in the MOOC market.
Restraints
- Low completion rate
Massive open online courses (MOOCs) have grown more popular over time, but they still have a significant completion rate issue that needs to be solved before they can be considered a truly successful business model. This issue has been limiting the market's expansion over the aforementioned time period.
This massive open online courses (MOOCs) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the massive open online courses (MOOCs) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Massive Open Online Courses (MOOCs) Market
MOOCs are becoming a part of the education system in countries such as India, Australia, and many other Asian countries, which is expected to boost the science segment. As a result, platforms such as SWAYAM provide 155 engineering courses and 108 science courses. Furthermore, many businesses claim that the recent COVID-19 outbreak and lockdown in many countries increased demand for science MOOCs. EPFL and Mohammed VI Polytechnic University (UM6P) in Morocco will launch a new online learning portal in April 2020, featuring 41 EPFL-developed MOOCs. The platform is the first result of a collaboration agreement reached between the two institutions shortly before the COVID-19 outbreak. Moreover, the university reported during the lockdown that the program attracts many students from the rest of Morocco's engineering schools.
Recent Development
- In October 2019, edX launched nine new Master's degree programs from leading Asia-Pacific institutions in highly sought-after fields such as data science, cybersecurity, computer science, analytics, and supply chain management. The enhanced MicroMasters Program can be stacked into a fully online Master's degree program, bolstering the Master's degree application.
Asia-Pacific Massive Open Online Courses (MOOCs) Market Scope
The massive open online courses (MOOCs) market is segmented on the basis of component, student served and subjects. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Component
- Platform
- Services
Students Served
- Junior high school
- Post graduate
- Corporate
- Under graduate
- High school
Subjects
- Business management
- Computer science & programming
- Science
- Sociology & philosophy
- Humanities
- Education & training
- Healthcare & medicine
- Arts & design
- Mathematics
- Foreign language learning
- Others
Massive Open Online Courses (MOOCs) Market Regional Analysis/Insights
The massive open online courses (MOOCs) market is analyzed and market size insights and trends are provided by country, component, student served and subjects as referenced above.
The countries covered in the massive open online courses (MOOCs) market report are China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific.
China accounted for the largest market share for the component as the number of internet users has increased the trend for online learning.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Massive Open Online Courses (MOOCs) Market Share Analysis
The massive open online courses (MOOCs) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to massive open online courses (MOOCs) market.
Some of the major players operating in the massive open online courses (MOOCs) market are:
- Udacity, Inc. (U.S.)
- Federica Web Learning (Italy)
- edX LLC (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.)
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