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North America to Vanguard Sales in MOOC Market; Asia Pacific to be the Ed-Tech Hotspot for MOOC Providers
The massive open online course (MOOC) market analysis offered by Fact.MR scrutinizes key growth factors that are impacting sales in the market. The report provides in-depth insights covering key factors such as drivers, opportunities, key players’ strategies, and demand outlook. In addition to this, the study analyzes latest trends across various segments such as customer category, primary objective, program, course, model, across regions.
NEW YORK, Aug. 17, 2022 /PRNewswire/ — The global massive open online course (MOOC) market is valued at US$ 7.55 Billion in 2022, and is expected to reach US$ 152 Billion by 2032. Increasing digitization, high penetration of smartphones, easy access to high-speed internet, and availability of MOOC courses at affordable prices are the key factors driving the market.
Regionally, North America is likely to vanguard sales in the MOOC market, with the U.S. accounting for leading share. In addition to North America, countries in Asia Pacific such as China and India are likely to emerge as key hubs for MOOC during the assessment period (2022-2032).
The shift toward digital learning has accelerated growth of global massive open online course market. Students across the globe have now become comfortable with online mode of learning which has helped in reducing their reluctance.
Further, MOOC providers have also worked on their user interface (UI) to help students in easily accessing and understanding the course material. These factors have led to positive perception among students, and are likely to contribute toward growth of massive open online course (MOOC) market during the assessment period.
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As per Fact.MR’s analysis, concerns related to extended screen time, and ongoing debate on classroom learning vs online learning is a key challenge for massive open online course market. As per a study by Brookings Institution, performance of students taking online classes is not as par with those taking in-person classes. Although massive open online course market players are focusing on addressing these concerns, these factors can affect market growth in short-term.
Key Takeaways:
Growth Drivers:
Restraints:
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Competitive Landscape:
The massive open online course market is fairly consolidated, as many new companies have entered the market in the recent past. MOOC providers are focusing on mergers & acquisitions, along with expanding into lucrative markets to boost growth.
For instance,
Key Companies Profiled by Fact.MR
More Valuable Insights on Massive open online course Market
In the latest study, Fact.MR offers a detailed study on global massive open online course market for the forecast period of 2022 to 2032. This study also highlights key drivers promoting the sales of massive open online course with analysis across below segments:
By Customer Category:
By Primary Objective:
By Program
By Course:
By Model:
By Region:
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Key Questions Covered in the Massive Open Online Course (MOOC) Market:
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About Fact.MR
Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range – from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories. We are committed to deliver insights that help businesses gain deeper understanding of their target markets. We understand that making sense of the vast labyrinth of data can be overwhelming for businesses. That’s why focus on offering insights that can actually make a difference to bottom-lines.
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