The market research report offers market forecast for massive open online courses (MOOCs) until 2019 with segmentations by education sector and corporate sector. This research report examines the key trends and drivers impacting market shares for APAC, Americas, and EMEA. The leading vendors analyzed by this report include Coursera, edX, Udacity, and Udemy.
Technavio has released updated information on the online education market, with the publication of its new market research report, global MOOCs market. The global MOOCs market is expected to generate revenues of $8 billion between 2015 and 2019 through platform licensing, course certifications, examinations, tutoring, and other personalized student services. The Americas lead the global MOOCs market, accounting for 43% of the overall market share. US is the highest revenue contributor country in the Americas. The launch of Veduca Edtech in Brazil attracted more than 10,000 students in the first two weeks, indicating high demand for MOOC technology in the region.
“Of late, the education sector is experiencing missives changes in education delivery methods, thanks to the growing popularity of open education and MOOCs. These new pedagogy techniques promote interactive learning sessions through online video lectures. This helps students in gaining better understanding of a topic, resulting in their active participation in classes. Also, various MOOC vendors have collaborated with premier educational institutes and offer world-class education to students across the globe, free of cost,” says Jhansi Mary, Lead Analyst, Education, Technavio Research.
Several organizations are implementing MOOCs to offer employees online training, reduce costs, and increase employee productivity. Also, factors such as continuous innovation in terms of cutting edge delivery methods using smart devices contributes to the growth of this market. Thanks to these encouraging developments, the global MOOCs market is predicted to experience substantial growth in emerging economies over the next four years.
The key vendors in the global MOOCs market include Coursera, edX, Udacity, and Udemy. MOOCs providers such as Coursera are introducing advanced delivery systems that cater to students by making questions appear in a forum where other students can discuss and answer. During the forecast period, the vendors are expected to introduce virtual labs, for instance, in electronics and circuits course, a learner can build circuits and tests its effectiveness online, without practically working in the lab.
A more detailed analysis is available in the Technavio report, Global MOOCs Market 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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