Massive Open Online Course (MOOC): Market Analysis and Forecasts 2015 – 2020
Massive Open Online Courses (MOOC) represents a distance-based approach to eLearning wherein many students may participate in a highly collaborative and interactive fashion. Course contents are distributed using web platform under a per-course or subscription model. The unique feature/functionality of MOOC is mass participation, social collaborations, interactive forums, and open-ended outcomes.
There are a few key market factors to consider with MOOC including low cost certification, leveraging various technologies (data everywhere, smartphone, tablet and wearable device proliferation, flexible learning experience, etc.), costs reduction for corporate training, and others. Arguably, one of the main growth drivers of today’s MOOC industry is cost reduction for Learning and Development (L&D) programs at major corporations. Important to the ICT ecosystem, MOOC adoption is contributing to development and adoption of various technologies and solutions including Big Data, Analytics, Gamification, and Cloud.
This research provides an assessment of overall MOOC trends, sub-sectors, and impact on diverse industries. The report analyzes the global MOOC market opportunity and forecasts overall revenue as well as SaaS providers, independent student’s course subscription, consulting revenue and corporate licensing. Regional projections include North America, Latin America, APAC, Europe, Middle East, and Africa. All purchases of Mind Commerce reports includes time with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This needs to be used within three months of purchasing the report.
The report also answers following questions:
What are the MOOC solutions to overcome challenges?
How will technologies aid in MOOC growth and adoption?
What are the key challenges faced by MOOC stakeholders?
What is the role of Gamification, Big Data, Analytics, Cloud and SMAC convergence in MOOC industry?
What is the current state of enterprise adoption of MOOC and how is going to reinvent corporate L&D?
Executives and IT leaders
LMS and eLearning providers
Consumer electronics companies
Telecom and ICT solution providers
Corporate training service providers
Enterprise L&D executives and managers
Leading MOOC vendor and solutions analysis
Analysis of MOOC free vs. paid certification and credentialing
In-depth analysis of regional market prospects for MOOC industry
MOOC forecasts by region, demographics, and corporate learning segments
Short and long term MOOC impact analysis, market forces, and usability factors
Venture capital investment trends in entire education industry including MOOC
Vision of the MOOC future with recommendations for various industry constituents
Mind Commerce Publishing's research methodology encompasses input from a wide variety of sources.
We rely heavily upon our Subject Matter Experts (SME) in terms of their market knowledge, unique perspective, and vision. We utilize SME industry contacts as well as previous customers and participants in our market surveys and interactive interviews.
In addition, we rely upon our extensive internal database, which contains modeling, qualitative analysis, and quantitative data. We review secondary sources and compare to our primary sources to update previous findings (for prior version reports) and/or compile baseline information for technology and market modeling.
We share preliminary models with industry contacts (select previous clients, experts, and thought leaders) to verify the veracity of initial modeling. Prior to final report production (analysis, findings, and conclusions), we engage in an internal review with internal SMEs as well as cross-expertise, senior staff members to challenge results.
We believe that forecasts should be prepared as part of an integrated process which involves both quantitative as well as qualitative factors. We follow the following 3-step process for forecasting.
Step 1 - Forecasts Input: The inputs for the present and historical revenues are derived from industry players. Financial and other quantitative data for individual sub-market categories are derived from original research and tested with interviews with major industry constituents.
Step 2 - Forecasting of Future Years: Mind Commerce extends forecasts based on a variety of factors including demand drivers as well as supply side data. Key success factors and assumptions are considered.
Step 3 - Validation of Data: The final step is to validate projections, which is accomplished in consultation with both internal and external industry experts, including both topic and regional experts. Adjustments are made to the forecasts based on factors identified throughout this process.