Massive Open Online Course (MOOC) Market is Projected to Expand at 32% CAGR and Reach US$ 212.7 billion by 2034

Swati Chaudhari

May 14, 2024 - 19:47

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Massive Open Online Course (MOOC) Market is Projected to Expand at 32% CAGR and Reach US$ 212.7 billion by 2034

The global market for massive open online courses (MOOCs) is projected to grow at a compound annual growth rate (CAGR) of 32% through 2034. This growth is expected to elevate the market value from $13.2 billion in 2024 to $212.7 billion by the end of 2034.

A massive open online course (MOOC) is a web-based distance learning program designed for the participation of large numbers of geographically dispersed students.

Massive Open Online Courses (MOOCs) are open-access online courses that anybody can enroll for. MOOCs offer anyone an inexpensive and flexible opportunity to learn new skills. The market for MOOCs is primarily determined by a variety of industry factors, as well as the growing importance of online learning around the world.

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Digital advancements in online courses over the past decade have boosted the growth of the massive open online course market substantially. Advantages such as lesser cost, availability in different languages, availability of demo classes, special attention to every student, open for everyone, and others are fuelling the demand for massive open online courses worldwide.

The demand for MOOCs is surging due to digital advancements and the increasing availability of language courses. Additionally, the shift in student preferences towards digital learning, which enables personalized education, is driving market expansion. Tools like Microsoft Teams, Zoom, and Google Meet have facilitated easier access for students to connect with tutors and enhance their educational progress

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Key Takeaways from Market Study

The global sales of MOOC exceeded US$ 7.55 Bn by the end of 2021.
The sales of MOOC are expected to exceed US$ 152 Bn by registering a CAGR of 35% through the forecast period 2022–2032.
Asia Pacific is expected to hold more than 40% market share for MOOC courses.
North America is expected to hold more than 45% market share in the upcoming assessment period.

Increasing massive open online course sales in the United States is being led by high accessibility of the internet and growing demand for cost-effective education platforms across the country. Growing interest in pursuing diverse courses online at affordable rates is drawing more students to subscribe for online courses.

MOOC ((Massive Open Online Course) Market: Competitive Scenario

The MOOC market comprises numerous players that invite considerable competition. The players in the MOOC market are trying to upgrade their services and features to facilitate a seamless experience for the end-user. The government support for the efficient functioning of MOOCs through expanding broadband connectivity across remote and rural regions is also bringing considerable growth opportunities for the MOOC market to magnify its consumer base.

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Competitive Landscape -

In October 2021, Alison announced free skill training to learners for to meet US apprenticeship surge. The company is offering 25 courses that focus on providing job offers to learners.
Miríada X, a regional MOOC provider offers more than 490 courses in Spanish & Portuguese, created by the leading universities in Spanish and Portuguese speaking countries.

Key Segments Covered in the MOOC Industry Report