Massive Open Online Course Market Industrial Investment Analysis and Growth Forecasts to 2025

Massive Open Online Course Market more specifically known as MOOC is an online course which is accessible through web and offers unlimited participation. There are some advantages associated with this model. For instance, the course offers virtual learning with no attendance. Thus, massive online open course assimilates traditional as well as modern course materials for learning purpose.

MOOC encourages learners to participate in interactive user forums which help the users to build a community of students, professors, lecturers and teachers. The early versions of MOOC included open features and open licensing of content, learning goals and structure. Such features promoted the reuse and remixing of resources. On contrary, some advanced MOOCs use closed license for course materials but still incorporate free access for users on a global scale.

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Further, the MOOCs are not only made to acquire only formal qualifications, but also guide the user in attaining an overall understanding of the chosen domain. Normally, MOOCs offer university-level courses without the need to complete the entire programme of studies as specified by the formal education, in fact it encourages independent learning and enables selection of course from any institutions available online. These are mostly video-based and interactions are mainly carried through peer review and group discussion which allows automated feedback through online assessments, quizzes and exams.

Choosing MOOC over traditional learning can have multiple reasons, one of the simple reasons is, most courses are absolutely free and the lecture videos are of shorter span with accessibility to power, play, pause and rewind options. Even working professionals can undertake courses to upgrade their skills at their own convenience. A better reason to choose MOOC is it is mostly accessible through gadgets, such as mobile phones, tablets and computers.

From the commercial point of view, with the revolution in digital technology more and more number of educational startups is heading up. Therefore, with the constant number of startups growing every year and government efforts to enhanced digital learning, the global massive online open course is set to witness a double-digit CAGR growth for the forecast period.

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The key driving factors responsible for the growth of Massive Open Online Course Market includes the rising demand for advanced methods of education through new ventures and availability of online learning technologies. Additionally, higher satisfaction level by customers is one of the major driving factors for the growth of massive open online course market. On the basis of platform, the global massive open online course market are segmented into XMOOC and CMOOC. On the basis of course, the global massive open online course market are segmented into humanities, computer science and programming, business management, science, health and medicine, engineering and education & training.

On the basis of type, the global massive open online course market are segmented into consulting, implementation & training and support. On the basis of geographic segmentation, the global massive open online courses market spans North America, Europe, Asia Pacific, Middle-East and Africa. North America dominates the global market owing to immense scope for enhancement and also there is a huge return on investment in the MOOC market as opportunities for enhanced learning is always in demand. APAC regions are anticipated to grow at a higher CAGR owing to rising number of educational startups especially in India and China. The prominent players on the global massive open online courses market include Udacity, edX, Instructure, Coursera, FutureLearn, and NovoEd.

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