The massive open online course (MOOC) market is expanding rapidly due to the rise in demand for online education amid the ongoing pandemic, finds Future Market Insights (FMI) in a new study. The extended lockdown and new social norms have resulted in skyrocketing demand for various massive open online courses for school students, college-goers, and others. According… Read More »Massive Open Online Course Market to Reflect Steady Growth Rate by 2020-2030
The massive open
online course (MOOC) market is expanding rapidly due to the rise in
demand for online education amid the ongoing pandemic, finds Future Market
Insights (FMI) in a new study. The extended lockdown and new social norms have
resulted in skyrocketing demand for various massive open online courses for
school students, college-goers, and others. According to a study by FMI, the
global massive open online course market is expected to grow at 16.5% CAGR
during the forecast period between 2020 and 2030.
Request Sample Copy of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12182
The increase in requirement for various open online courses such
as humanities, business management, science, and others is propelling the
growth of MOOC market across the globe. As massive open online courses offer
unlimited participation and open access via web to various courses, they have
come to the rescue of student during lockdown amid COVID-19, as educational and
corporate institutes remained shuttered to prevent the spread of the virus.
According to the
research report published in the 2nd International
Conference on Modern Management, Education Technology, and Social Science
(MMETSS 2017) on United States, China, and India, in 2016 alone, around 23
million people joined in the MOOC family for the first time. The total number
of MOOCs increased to 6,850 in 2017 from over 700 universities in 2016. And
this trend is expected to grow further during the forecast period.
FMI offers an exhaustive
overview of the market, its growth drivers, and restraints in its market study.
Some of the key takeaways
from the report are highlighted below-
- Demand in MOOC platforms is expected to surge considerably in
the coming years - Education & training courses are set to witness surge in
demand which in turn will cater to the market growth - Post graduates are expected to remain dominant end users of MOOC
throughout the forecast period - North America will lead in the global market with its epicenter
in Canada - South Asia & Pacific will emerge lucrative exhibiting
highest rate of growth in the coming years
“With digitization gaining rapid traction, the demand for massive open online course has increased significantly over the past decade. The outbreak of COVID-19 pandemic has further increased the demand for MOOC across the globe. This trend is likely to continue even after the pandemic passes. With governments around the world taking initiatives to make education and training accessible to all, the market is expected to gain impetus in the coming years,” says an FMI analyst.
For More Details,
Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-12182
COVID-19 Impact Analysis
While the market got affected
in the on-set of the COVID-19 pandemic earlier this year, the surge in demand
for various online courses followed soon after. In order to continue with the
respective courses as schools, colleges, and educational institutions remained
shut during lockdown the adoption of online education and courses increased
substantially.
According to the Organization
for Economic Cooperation and Development (OECD), the evidence from web searches
also points to the rise in requirement for online training. In Canada, France,
Italy, the United Kingdom, and the United States, searches for terms such as
online training, e-learning, and massive online open courses increased up to
fourfold between end-March and early April 2020 as strict lockdown started in
most OECD countries.
Though the world is
recovering and about to get back to normal in a couple of years, the
inclination towards online courses is anticipated to increase further in the
coming years.
Who is Winning?
Competition in the global
MOOC market is getting tougher gradually. In order to capitalize on the
prevalent opportunities, the market players are designing new education modules
and launching online courses to provide quality MOOCs.
For instance,
- EDX launched its new range of MOOCs from the world’s best
universities such as MITx, HarvardX, BerkeleyX, UTx, and others in 2020. Their
courses covers various topics such as biology, computer, chemistry, science,
computer, economics, and others. - Edureka launched its new range of instructor-led MOOCs along
with their 24/7 online demand support to achieve highest course completion
rates in the industry in 2020.Their real life projects and personal learning
managers ensure that learning goals are meet on time
More Valuable Insights on Massive Open Online Course Market
In the latest report by
Future Market Insights, we offer an unbiased analysis of the global MOOC
market, providing historical data for the period of 2015-2019 and forecast
statistics for the period of 2020-2030. In order to understand the global
market potential, its growth and scopes, the market is segmented on the basis
of component (platform, services), course (humanities, computer science &
programming, business management, science, health & medicine, education
& training, engineering, and others), end user (high school, under
graduates, post graduates, corporate), across six major regions (North America,
Latin America, Europe, East Asia, South Asia & Pacific, MEA).
The massive open
online course (MOOC) market is expanding rapidly due to the rise in
demand for online education amid the ongoing pandemic, finds Future Market
Insights (FMI) in a new study. The extended lockdown and new social norms have
resulted in skyrocketing demand for various massive open online courses for
school students, college-goers, and others. According to a study by FMI, the
global massive open online course market is expected to grow at 16.5% CAGR
during the forecast period between 2020 and 2030.
Request Sample Copy of this Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-12182
The increase in requirement for various open online courses such
as humanities, business management, science, and others is propelling the
growth of MOOC market across the globe. As massive open online courses offer
unlimited participation and open access via web to various courses, they have
come to the rescue of student during lockdown amid COVID-19, as educational and
corporate institutes remained shuttered to prevent the spread of the virus.
According to the
research report published in the 2nd International
Conference on Modern Management, Education Technology, and Social Science
(MMETSS 2017) on United States, China, and India, in 2016 alone, around 23
million people joined in the MOOC family for the first time. The total number
of MOOCs increased to 6,850 in 2017 from over 700 universities in 2016. And
this trend is expected to grow further during the forecast period.
FMI offers an exhaustive
overview of the market, its growth drivers, and restraints in its market study.
Some of the key takeaways
from the report are highlighted below-
- Demand in MOOC platforms is expected to surge considerably in
the coming years - Education & training courses are set to witness surge in
demand which in turn will cater to the market growth - Post graduates are expected to remain dominant end users of MOOC
throughout the forecast period - North America will lead in the global market with its epicenter
in Canada - South Asia & Pacific will emerge lucrative exhibiting
highest rate of growth in the coming years
“With digitization gaining rapid traction, the demand for massive open online course has increased significantly over the past decade. The outbreak of COVID-19 pandemic has further increased the demand for MOOC across the globe. This trend is likely to continue even after the pandemic passes. With governments around the world taking initiatives to make education and training accessible to all, the market is expected to gain impetus in the coming years,” says an FMI analyst.
For More Details,
Ask Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-12182
COVID-19 Impact Analysis
While the market got affected
in the on-set of the COVID-19 pandemic earlier this year, the surge in demand
for various online courses followed soon after. In order to continue with the
respective courses as schools, colleges, and educational institutions remained
shut during lockdown the adoption of online education and courses increased
substantially.
According to the Organization
for Economic Cooperation and Development (OECD), the evidence from web searches
also points to the rise in requirement for online training. In Canada, France,
Italy, the United Kingdom, and the United States, searches for terms such as
online training, e-learning, and massive online open courses increased up to
fourfold between end-March and early April 2020 as strict lockdown started in
most OECD countries.
Though the world is
recovering and about to get back to normal in a couple of years, the
inclination towards online courses is anticipated to increase further in the
coming years.
Who is Winning?
Competition in the global
MOOC market is getting tougher gradually. In order to capitalize on the
prevalent opportunities, the market players are designing new education modules
and launching online courses to provide quality MOOCs.
For instance,
- EDX launched its new range of MOOCs from the world’s best
universities such as MITx, HarvardX, BerkeleyX, UTx, and others in 2020. Their
courses covers various topics such as biology, computer, chemistry, science,
computer, economics, and others. - Edureka launched its new range of instructor-led MOOCs along
with their 24/7 online demand support to achieve highest course completion
rates in the industry in 2020.Their real life projects and personal learning
managers ensure that learning goals are meet on time
More Valuable Insights on Massive Open Online Course Market
In the latest report by
Future Market Insights, we offer an unbiased analysis of the global MOOC
market, providing historical data for the period of 2015-2019 and forecast
statistics for the period of 2020-2030. In order to understand the global
market potential, its growth and scopes, the market is segmented on the basis
of component (platform, services), course (humanities, computer science &
programming, business management, science, health & medicine, education
& training, engineering, and others), end user (high school, under
graduates, post graduates, corporate), across six major regions (North America,
Latin America, Europe, East Asia, South Asia & Pacific, MEA).
