Global Coding Bootcamp Market 2017-2021
About Coding Bootcamp
Coding bootcamps are immersive training programs that range from a few weeks to a few months. They are helpful to learners from diverse backgrounds to improve their programming skills and enhance their employability prospects. Technical and vocational education (TVE) equips students and individuals with skills to successfully transition as skilled employees to workplaces. In many countries, it is referred to as technical vocational education and training (TVET). While the goal of TVE is to attain economic prosperity in developing nations, it aims at making the economy self-sufficient in developed countries.
Technavio’s analysts forecast the global coding bootcamp market to grow at a CAGR of 10.96% during the period 2017-2021 .
Covered in this report
The report covers the present scenario and the growth prospects of the global coding bootcamp market for 2017-2021 . To calculate the market size, the report considers the revenue generated from the coding bootcamp vendors.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Coding Bootcamp Market 2017-2021
Technavio recognizes the following companies as the key players in the global coding bootcamp market: App Academy, Bloc, General Assembly, Hack Reactor, and Makers Academy.
Other Prominent Vendors in the market are: 4Geeks Academy, Academia de Código, AcadGild, Barcelona Code School, Big Sky Code Academy, Coded, Launch School, Thinkful, and Zip Code Wilmington.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increase in ready-to-work coding bootcamps. The bootcamps developed in ready-to-work model are specifically designed to address immediate shortages of technology talent. These programs provide people with the full set of skills needed to qualify for a junior developer. These type of bootcamps are typically referred to as Zero to Sixty code schools and include intense training programs that are full-time and part-time training programs.”
According to the report, one of the major drivers for this market is Low cost of bootcamps. The short duration of training complemented with low-cost options ensure the cost-effectiveness of coding bootcamps when compared with a proper formal education that includes 4 years of bachelor's degree in Computer Science (CS). Typically, the cost of a coding bootcamp is equivalent to one semester of the CS degree program that generally leads to access to job profiles with a higher salary when compared to CS degree. The cost of training for students varies per region and program.
Further, the report states that one of the major factors hindering the growth of this market is Increase in formal education. One of the major factors hindering the growth of the market is the increase in the number of institutions and universities that provide formal education, such as bachelor's and master's degree in the field of Computer Science engineering. The number of enrollments in the higher education sector is increasing substantially, requiring colleges and universities to increase the number of classes. Also, the increasing demand for software engineers in both developed and developing economies is compelling the students to opt for degree programs from the formal educational institutions.
App Academy, Bloc, General Assembly, Hack Reactor, Makers Academy, 4Geeks Academy, Academia de Código, AcadGild, Barcelona Code School, Big Sky Code Academy, Coded, Launch School, Thinkful, and Zip Code Wilmington.