Massive Open Online Courses (MOOC) Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Platform (CMOOC, XMOOC), By Course (Business, Technology, Social Sciences, Others), And By Geography – Forecast From 2022 To 2027

Published:  Jun 2022 Report Code: KSI061612990 Pages: 128

The global MOOC market is projected to grow at a CAGR of 34.54% during the forecast period to reach US$7,209.889 million by 2027, from US$903.418 million in 2020. Massive Open Online Courses, abbreviated as MOOCs, are free, web-based courses scalable to a large population. MOOCs are gaining popularity among knowledge seekers due to their low cost and lack of eligibility requirements. Additionally, these courses can also aid people in transitioning their careers by gaining new qualitative knowledge and expertise and enhancing their prospects. MOOCs are segmented into two based on types: cMOOCs, and xMOOCs. Connectivist MOOCs (cMOOCs) accentuate open-access elements like open licensing, content, structure, and learning goals to uplift the reuse and remixing of resources. Extended MOOCs (xMOOCs) use locked licensing for course content while still allowing students free access. Furthermore, the growing trend of digitalization, rapid penetration of smartphones, and flexible accessibility of the internet are adding impetus to the growth of the massive open online course market. 

Growing technological advancements, changing trends, and ease of access are expected to propel the MOOC market in the projected period. 

In the past two years, in particular, MOOCs have witnessed rapid growth owing to the emergence of multiple MOOC platforms like EdX, Udacity, Coursera, and many others, as they offered free courses from many top-tier universities. The disadvantages of traditional universities, such as high academic prerequisites and exorbitant tuition fees, are also fueling the MOOC market. The pandemic has further increased the necessity for modernized and enhanced learning platforms like MOOCs. The statistics derived from the report analyzed by the University of Arizona further solidify this development. According to the report, the rate of enrolment in the US increased by a factor of 4.2 in the United States, while India witnessed growth seven times higher than the US, recording a factor of 27.8. Furthermore, according to Class Central, of the total enrolments in MOOCs ever since their inception, one-third of them were seen in 2020, making it the ‘Year of MOOC’, with over 180 million learners across the globe, excluding China. Enrollment in Coursera increased by 640% in 2020 from mid-March to mid-April. Moreover, as of January 2022, over 900 universities are offering free online courses globally, according to Class  Central. Furthermore, of the multiple courses,  business and technology amounted to about 40% of the total. Amid the pandemic, many MOOC providers made their offerings free. Coursera, for instance, provided free public-health courses in 2020, including mental health and wellness, diseases caused by COVID-19, and career development. According to higher officials of Udacity, the platform’s weekly active users increased by 44.8% from March 9 to April 6 and the surge in new enrolments by 73.3%. 

The various strategic developments and initiatives taken by MOOC providers and the government are bound to boost the market size.

Exploiting the surge in demand for MOOCs, they are deploying various strategic developments to expand their presence globally. For instance, in April 2021, to expand its presence, Coursera, one of the pioneers of MOOCs, launched five different degree programs from three leading global universities. Additionally, Coursera has also launched six new Master Track Certificate courses. With this, Coursera is offering over 30 degrees from multiple universities across nine countries. The acquisition of edX by 2U is yet another example of this. In June 2020, edX, a leading, non-profit MOOC provider, was acquired by a publicly-traded corporation, 2U, for US$ 800 million. After the acquisition, the two companies now include over 3,500 offerings from various leading universities and firms.

At the same time, government support in various countries further propelled the market size. The actions taken by the governments of South Korea and the UK, among many others, are the best examples of this. In 2021, the South Korean government promoted the use of its Smart Training Platform, enabling the learning content providers to upload more of their course content on the platform. Various subsidies and other means further supported this initiative. The UK Trade Union Confederation launched a new campaign, ‘[email protected]’, in April 2020 through Unionlearn. This campaign supported working employees to upskill themselves or those who were laid off due to the pandemic. Also, in November 2020, UNESCO expressed its intentions to launch a unique, innovative Media and Information Literacy program along with its partner, the Faculty of Political Sciences of Sarajevo, with the objective of strengthening MIL skills among the citizens.

COVID -19 Insights

COVID-19 had a positive impact on the MOOC market. The mandated lockdowns and closures of schools and campuses have sparked the demand for MOOCs. The negative impact on the economies of several industries also led to several employees being laid off. Consequently, many signed up for free online courses to upskill themselves. For example, 35 million and 15 million new users registered in Class Central edX and Future Learn, respectively, compared to 5 million and 1.3 million in the previous year.

MOOC Market Scope:

Report Metric Details
 Market size value in 2020  US$903.418 million
 Market size value in 2027  US$7,209.889 million
 Growth Rate  CAGR of 34.54% from 2020 to 2027
 Base year  2020
 Forecast period  2022–2027
 Forecast Unit (Value)  USD Million
 Segments covered  Platform, Course, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered  Coursera, edX, XuetangX, FutureLearn, Udacity, Udemy, Inc., NovoEd, Iversity,   Canvas, Open2Study
 Customization scope  Free report customization with purchase

Market Segmentation:

  • By Platform
    • cMOOC
    • xMOOC
  • By Course
    • Business
    • Technology
    • Social Sciences
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Others
    • Middle East and Africa
      • Israel
      • South Africa
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the MOOC market size by 2027?
A1. The global MOOC market is projected to reach a total market size of US$7,209.889 million by 2027.


Q2. What are the growth prospects for the MOOC market?
A2. The MOOC market is projected to grow at a CAGR of 34.54% during the forecast period.


Q3. What is the size of the global MOOC market?
A3. MOOC Market was valued at US$903.418 million in 2020.


Q4. What factors are anticipated to drive the MOOC market growth?
A4. Growing technological advancements, changing trends, and ease of access are expected to propel the MOOC market.


Q5. How is the global MOOC market segmented?
A5. The massive open online course (MOOC) market has been segmented based on platform, course, and geography. 

1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Currency
1.5. Assumptions
1.6. Base, and Forecast Years Timeline


2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources


3. EXECUTIVE SUMMARY
3.1. Research Highlights


4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porters Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Powers of Buyers
4.5.3. Threat of Substitutes
4.5.4. The threat of New Entrants
4.5.5. Competitive Rivalry in Industry
4.6. Life Cycle Analysis – Regional Snapshot
4.7. Market Attractiveness


5. MOOC Market Analysis, By Platform
5.1. Introduction
5.2. cMOOC
5.3. xMOOC


6. MOOC Market Analysis, By Course
6.1. Introduction
6.2. Business
6.3. Technology
6.4. Social Sciences
6.5. Others


7. MOOC Market Analysis, Geography
7.1. Introduction
7.2. North America
7.2.1. USA
7.2.2. Canada
7.2.3. Mexico
7.3. South America
7.3.1. Brazil
7.3.2. Argentina
7.3.3. Others
7.4. Europe
7.4.1. Germany
7.4.2. France
7.4.3. UK
7.4.4.  Spain
7.4.5. Others
7.5. Middle East and Africa
7.5.1. Israel
7.5.2. Saudi Arabia
7.5.3. Others
7.6. Asia Pacific


8. COMPETITIVE ENVIRONMENT AND ANALYSIS
8.1. Market Positioning Matrix and Ranking
8.2. Strategies of Key Players
8.3. Recent Investments and Deals

9. COMPANY PROFILES
9.1. Coursera
9.2. edX
9.3. XuetangX
9.4. FutureLearn
9.5. Udacity
9.6. Udemy, Inc.
9.7. NovoEd
9.8. Iversity
9.9. Canvas
9.10. Open2Study

Coursera

edX

XuetangX

FutureLearn

Udacity

Udemy, Inc.

NovoEd

Iversity

Canvas

Open2Study

 

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