Global MOOCs Market 2018-2022
MOOCs provide free online courses to the learners by offering a flexible and an affordable way of learning new skills. Many vendors providing MOOCs also have started giving out certifications for a minimal fee.
Technavio’s analysts forecast the global MOOCs market to grow at a CAGR of 30.12% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global MOOCs market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global MOOCs Market 2018-2022
Technavio recognizes the following companies as the key players in the global MOOCs market: Coursera, edX, FutureLearn, Iversity, MiriadaX, Udemy, and Udacity.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is developing economies. An inherent advantage of MOOCs is, its ability to attract huge learner base beyond the traditional college-age student population. Despite, numerous challenges related to the quality and credibility of MOOCs, this phenomenon has garnered huge sustained interest from the learner base in developing economies, specifically in non-OECD (Organization for Economic Co-operation and Development) low-income nations.”
According to the report, one driver in the market is rise in regional MOOCs. The English language continues to dominate as the medium of instruction in the MOOCs market. While languages such as Chinese, German and Spanish have existed their prevalence was minimal 2-3 years ago. However, as the learner base expanded and with improved technological solutions, leading players such as Coursera have increased their offerings in other languages as well.
Further, the report states that one challenge in the market is completion rates. While all the leading vendors are introducing numerous MOOCs at a rapid pace, the issue of persistently high drop-out rates continues to challenge the profitability of many vendors in this market. Conventionally, the course completion rate for technical courses has been less than 15% for most classes irrespective of the course and service provider.
Coursera, edX, FutureLearn, Iversity, MiriadaX, Udemy, and Udacity.