MOOC Market worth $20.8 billion by 2023 – Reports by MarketsandMarkets™

According to the new market research report “MOOC Market by Component (Platforms (XMOOC and CMOOC), Services), Course (Humanities, Computer Science and Programming, and Business Management), User Type (High School, Undergraduate, Postgraduate, and Corporate) and Region – Global Forecast to 2023”, is expected to grow from USD 3.9 billion in 2018 to USD 20.8 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 40.1% during the forecast period.

 

Browse and in-depth TOC on “MOOC Market

67 – Tables

29 – Figures

145 – Pages

 

Corporates segment to hold the largest market share in 2018 during the forecast period

 

Corporates are increasingly adopting the MOOC as a part of their employee engagement and development programs. They implement MOOC platforms for various purposes, such as training and development, professional certification, and professional courses, for developing their employees’ strategical thinking abilities and improving the production and brand value of the company. The MOOC acts as a cost-effective learning platform to enhance the skill sets of the employees and enables organizations to track their employees’ progress. An organization can also opt for tailor-made courses, which can help the organization to meet its objectives.

 

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XMOOC platform to dominate the market owing to high quality content from universities and supportive initiatives by governments

 

A majority of MOOC providers are adopting the XMOOC platform over the other existing platforms, due to the various learning alternatives being offered by the platform. These alternatives can be a time-flexible learning path, enabling learners to access learning resources whenever required, or a pre-defined structure with a specific time-bound learning and assessment path, or a combination of both. XMOOC would probably tend to have a greater impact on MOOC due to its other features, such as capstone projects, real- world simulation environment, and high-quality content provided by the leading partnering universities, courses provided at a very affordable cost, and consistent financial support for the development. The users are also encouraged to adopt the XMOOC platform at a higher growth rate due to the rise in the college costs, followed by the shrinking value of the undergraduate degrees.

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