According to the Report “Global Massive Open Online Courses Market 2014-2018”, Massive open online courses are changing the world of education by providing free online courses for higher education, executive education, and employee development. These courses are provided by well-qualified lecturers from some of the most renowned institutes in the world. These courses provide virtual education to people from any corner of the world where there is accessibility to the internet. Massive open online courses are expected to complement the future of higher education in the world. The Global Massive Open Online Courses market has experienced tremendous growth in the past few years and 2012 came to be known as the “year of MOOCs”, as coined by the New York Times. Many major MOOC players launched their services in the market during the same year and the market is expected to show further growth in the coming years.
Analysts forecast the Global Massive Open Online Courses market will grow at a CAGR of 56.61 percent over the period 2013-2018.
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The Report recognizes the following companies as the key players in the Global Massive Open Online Courses Market: Coursera Inc., edX, Udacity Inc., Udemy Inc. , Academic Partnerships, Apple Inc., Codecademy, Crypt4you, FutureLearn Ltd., Iversity GmbH, Khan Academy, NovoEd Inc., Peer 2 PeerUniversity Inc., PIER - International Education Services Ltd., StraighterLine, Veduca Edtech .
Big data tools and analytics are increasingly contributing to the increasing popularity of MOOCs. Universities are turning to MOOC providers for large student data analyses. Examination outcomes and assignment grading are made easy with MOOCs because of the online nature, which is otherwise a slow and tedious procedure with traditional data gathering techniques. The records are easily managed with big data tools, giving educators the advantage of real-time data management.
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Covered in this Report
The Global Massive Open Online Courses market can be segmented on the basis of pedagogy into: cMOOC and xMOOC. The report discusses the market segmentation based on student demographics and course preferences, as well as the market landscape and its growth prospects in the coming years.
Global Massive Open Online Courses Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas and the EMEA and APAC regions as well as the key leading countries in this market. It also provides in-depth overview of the revenue generation models adopted by the vendors in the market and discusses the key vendors operating in this market.
According to the report, the Global MOOCs market is driven by several factors. One of the major factors that are driving the growth of the market is the rising cost of education. Education is an important aspect for employment in today's world but the rising costs, increasing student loan debts, and declining average pay of graduates have made it difficult for students to receive quality education. As a result, students are opting for MOOCs as these courses are of low cost and provide much better quality of education.
Further, the report states that the future of the Global Massive Open Online Courses market is, however, constrained by certain factors. The main factor is the low completion rates of students enrolled in MOOC programs. In 2013, the average completion rate of MOOCs was less than 7 percent. This was mainly because of the lack of motivational factors such as college credits or certifications.
- Coursera Inc.
- Udacity Inc.
- Udemy Inc.
Other Prominent Vendors
- Academic Partnerships
- Apple Inc.
- FutureLearn Ltd.
- Iversity GmbH
- Khan Academy
- NovoEd Inc.
- Peer 2 Peer University Inc.
- PIER – International Education Services Ltd.
- Veduca Edtech
Key Market Driver
- Increasing Cost of Education
Key Market Challenge
- Low Course Completion Rate
Key Market Trend
- Big Data Tools and Analytics
Key Questions Answered in this Report
- What will the market size be in 2018 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?