MOOC Market: Paradigm Shift Towards Low Internet Bandwidth and Regional Language Courses

Dubai, UAE, 2020-Feb-17 — /EPR Network/ — Fact.MR’s Report on Global MOOC Market

MOOC providers are focused to expand their reach with various strategies. Some of the primary focus points are integration with universities, addition of new courses and introduction of new degrees. A slew of factors including increased smartphone penetration, rising population of learners, growing awareness for education and addition of new courses propel the global MOOC market. The latest Fact.MR report predicts MOOC market to grow at 35% CAGR during the forecast period 2019-2029. This market was estimated to value below US$3Bn in the year 2019. The growth is going to be very rapid and its value is expected to exceed US$60Bn by the end of 2029.

Past few years have been very promising for the MOOC market as it witnessed huge surge in MOOC enrollments. Fact.MR report highlights the fact that more than 350Mn MOOC enrolments took place in the year 2018. Moreover, total MOOC program enrolments are known to have doubled in the last few years. Total enrollments are estimated to be about a billion by the end of the year 2029. Technical courses that include streams like mathematics, engineering and data sciences led the market in terms of enrollments. 11450 MOOC courses have been recorded worldwide in the year 2019. The increment in courses addition has been very positive and the growth rate between 2014 and 2018 is estimated to be about 50%.

The MOOC market report addresses the below-mentioned queries:

  • Why are vendors shifting away from traditional methods of manufacturing MOOC market?
  • How does the global MOOC market looks like in the next five years?
  • Which end use industry is expected to surpass segment by the end of 2029?
  • What innovative products are being introduced by the players in the global MOOC market?
  • Which regions are showing the fastest market growth?

On the basis of customer category, the MOOC market study consists of

  • Individual
  • Enterprise / Corporate
  • Educational Institutes

On the basis of primary objectives, the MOOC market study incorporates:

  • Reskilling and Online Certification
  • Language and Casual Learning
  • Supplemental Education
  • Higher Education
  • Test Preparation

For a detailed industry outlook, Get the Report Sample at: https://www.factmr.com/connectus/sample?flag=S&rep_id=3077

Crucial insights in the MOOC market research:

  • Underlying macro- and microeconomic factors impacting the growth of the MOOC market.
  • Basic overview of the MOOC market, including market definition, classification, and applications.
  • Scrutinization of each MOOC market player based on mergers & acquisitions, R&D projects, and product launches.
  • Adoption trend of MOOC market across various industries.
  • Important regions and countries offering lucrative opportunities to MOOC market stakeholders.

Certificate programs and professional programs form two major course types

MOOC providers are capturing market by introducing various types of courses. Global MOOC market can be segmented in terms of courses and programs into certificate programs and professional programs which contain different degrees. Prominent vendors in MOOC market are exploring further into programs so that they can attract new enrollments with new programs. Programs are being added on certificate as well as professional level and the vendors are equally focused to expand the business in both types. Key vendors are developing strategies to maintain dominance in both types of program.

Major players in the global MOOC market are developing business models to gain competitive edge in market. MOOC market can be segmented into two primary frame works which are cMOOC and xMOOC. Companies are focused to offer solutions for both the types. Different courses and languages are the primary components of the competitive strategies. MOOC providers are actively collaborating and are tying up with different regional universities to strengthen their regional presence.

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