North America Massive Open Online Courses (MOOCs) Market, By Component (Platform, Services), Student Served (Post Graduate, Corporate, Under Graduate, High School and Junior High School), Subjects (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) - Industry Trends and Forecast to 2029
Market Analysis and Size
In the past years, especially during the outbreak of the pandemic millions of people throughout the world chose MOOCs for leaning. They utilized MOOCs for various goals such as changing careers, supplemental learning, corporate eLearning and training, career development, and college preparations, among others.
North America Massive Open Online Courses (MOOCs) Market was valued at USD 1013.16 million in 2021 and is expected to reach USD 47673.91 million by 2029, registering a CAGR of 36.90% during the forecast period of 2022-2029. Services account for the largest component segment in the respective market owing to the increased adoption. 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 also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Market Definition
Massive open online courses (MOOCs) is defined as the online courses that has an open education platform and can reach an unlimited amount of participants. MOOC contains the videos of traditional forms of lectures with the entire course materials and promotes community interactions between the professionals and the learners. Massive open online courses (MOOCs) are the ultimate arrange in distance education, as these offer open educational assets to the students all around the world.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2014 - 2019)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Component (Platform, Services), Student Served (Post Graduate, Corporate, Under Graduate, High School and Junior High School), Subjects (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)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America
|
|
Market Players Covered
|
Udacity, Inc. (US), Federica Web Learning (Italy), edX Inc. (US), Coursera Inc (US), Udemy, Inc. (US), Pluralsight LLC (US), Alison (Ireland), FutureLearn (UK), XuetangX (China), Skillshare, Inc. (US), OpenupEd (UK), Kadenze, Inc. (US), and 360training (US), among others
|
|
Market Opportunities
|
|
North America Massive Open Online Courses (MOOCs) Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Digital Advancements In Online Courses
The surge in the advancements in online courses over the time acts as one of the major factors driving the massive open online courses (MOOCs) market. Also, rise in demand for massive open online courses (MOOCs) owing to the advantages such as availability in different languages, special attention to every student, lesser cost, and availability of demo classes, among others.
- Advent of Various Tools
The rise in the advent of various tools such as Zoom and Microsoft Teams to help classmates connect with each other and their tutors accelerate the market growth. During the outbreak of COVID-19, digital learning was highly adopted to stay in touch with each other through online medium.
- Shift to Digital Learning
The rise in the shift towards digital learning to acquire personalizing education further influence the market. The continuous developments helping students to set both the pace and path of their learning assist in the expansion of the market further.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the massive open online courses (MOOCs) market.
Opportunities
Furthermore, various initiatives and programs launched in the U.S to strengthen MOOC systems extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Mobility and ease of use will further expand the market.
Restraints/Challenges
On the other hand, low completion rate, and inefficiency in tracking and validating the progress are expected to obstruct market growth. Also, lack of personalized guidance and mentorship is projected to challenge the massive open online courses (MOOCs) market in the forecast period of 2022-2029.
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 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 North America Massive Open Online Courses (MOOCs) Market
COVID-19 had a positive impact on the massive open online courses (MOOCs) market due to the rise in number of industry verticals massive open online courses (MOOCs) during the outbreak of COVID-19. An increase in number of people deploying MOOCs was witnessed for various purposes such as digital learning, changing careers, supplemental learning, corporate eLearning and training, career development, and college preparations, among others. The broadcast and media technology market is expected to witness high growth in the post-pandemic scenario owing to the rise in usage of various media platforms among consumers.
Recent Developments
- In May 2020, edX Inc. launched a worldwide activity to assist colleges confronting the challenge of actualizing compelling online instructing and learning. The company is offering access to ability and substance for complimentary, edX is making a difference, colleges are making plans for the up and coming semester when a vast majority of campuses are likely to be closed or mostly closed. This launch will help the company to strengthen its brand in the MOOCs market.
North America Massive Open Online Courses (MOOCs) Market Scope and Market Size
The massive open online courses (MOOCs) market is segmented on the basis of The growth amongst these segments will help you analyze meager 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
Student Served
- Post Graduate
- Corporate
- Under Graduate
- High School
- Junior High School
Subjects
- Business Management
- Computer Science and Programming
- Science
- Sociology and Philosophy
- Humanities
- Education and Training
- Healthcare and Medicine
- Arts and Design
- Mathematics
- Foreign Language Learning
- Others
North America Massive Open Online Courses (MOOCs) Market Regional Analysis/Insights
The massive open online courses (MOOCs) market is analysed and market size insights and trends are provided by country, component, student served and subjects as referred above.
The countries covered in the massive open online courses (MOOCs) market report are U.S., Canada and Mexico in North America.
U.S. accounted for the largest market share for platform due to growing digitalized technology among the organization. Similarly, Mexico accounted for the largest market share for the platform because of the growing trend of corporate learning. Moreover, Canada accounted for the largest market share for platform owing to the growing concern for higher education.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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 global 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 North America Massive Open Online Courses (MOOCs) Market
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, global 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 massive open online courses (MOOCs) market are
- Udacity, Inc. (US)
- Federica Web Learning (Italy)
- edX Inc. (US)
- Coursera Inc (US)
- Udemy, Inc. (US)
- Pluralsight LLC (US)
- Alison (Ireland)
- FutureLearn (UK)
- XuetangX (China)
- Skillshare, Inc. (US)
- OpenupEd (UK)
- Kadenze, Inc. (US)
- 360training (US)
SKU-