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.
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.
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.
