Massive Open Online Course (MOOC) Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The global massive open online course (MOOC) market was valued at USD 6845.4 million in 2020, and it is expected to reach USD 18925.18 million by 2026, with an estimated CAGR of 18.13%, during the period from 2021 to 2026. Massive open online courses (MOOCs) are the final stage in distance education, as these offer public educational resources to the students all around the world. They are designed to be scalable to large online masses, with free participation, and without formal requirements to provide the opportunity to learn through hundreds of public and private universities or organizations for millions of individuals around the world. However, since MOOCs became mainstream in 2012, their completion rates remain a highly debated subject.
Key HighlightsThe MOOC market is moderately competitive and consists of a few significant players. In terms of market share, some of the major players currently dominate the market. However, with the growth of the innovative educational platform, new players are increasing their market presence and expanding their business footprint across the emerging economies.
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