The massive open online courses are have become a widely popular form for distance education. Such type of online courses provides access to the course material through the internet. These courses include video lectures, filmed lectures, slides, reading material, problem sets to create a rich course experience for the users. Most of these courses provide interactive online sessions for doubt-solving, discussions and assignments. Massive open online courses are an affordable alternative to formal education with many universities giving degrees and certificates online to students as well as corporates.
MARKET SCOPE
The "Global Massive Open Online Courses Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the massive open online courses market with detailed market segmentation by component, course, end user, and geography. The report provides key statistics on the market status of the leading massive open online courses market players and offers key trends and opportunities in the market.MARKET SEGMENTATION
- Based on component, the global massive open online courses market is segmented into platform and services.
- On the basis of course, the market is segmented into science, humanities, computer science and programming, business management, health and medicine, education and training, and others.
- Based on end user, the market is segmented into high school students, undergraduate, postgraduate, and corporate.
MARKET DYNAMICS
Drivers:
- The massive open online courses market is anticipated to grow in the forecast period owing to driving factors such as increasing demand from learners for scalable open education and growing requirements of training on a global basis.
- Increasing need for cost-effective education platforms is likely to escalate market growth.
- Rising awareness and ease of use of such platforms offer lucrative growth opportunities for massive open online courses market growth during the forecast period.
Restraints:
- Market growth may be negatively influenced by the low-completion rate of such courses.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The massive open online courses market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the massive open online courses market in these regions.
IMPACT OF COVID-19 ON MASSIVE OPEN ONLINE COURSES MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the massive open online courses market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from massive open online courses market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the massive open online courses market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Alison
- Canvas Network
- Coursera Inc.
- edX Inc.
- FutureLearn Limited
- iversity Learning Solutions GmbH
- Kadenze, Inc.
- Udacity, Inc.
- Udemy, Inc.
- XuetangX
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.