Zion Market Research, the market research group announced the analysis report titled "Massive Open Online Course Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Sarasota, FL -- (SBWIRE) -- 09/05/2017 -- Massive open online courses (MOOC) are offered to people at reasonable prices with flexible time. It involves indefinite participation along with open access via the internet. Traditional methods are being replaced with MOOCs, which offer user forums in order to support community interactions among students, teaching assistants, and professors. Recently, massive open online courses have emerged as a popular mode of learning.
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The tremendous growth in the education fees and inability to meet basic platform of the universities and colleges are major driving factors of the global massive open online course market. In addition, a reliable massive open online course is expected to fuel the global massive market growth. However, people's inclination for quality education is anticipated to boost the global market in the near future. These reliable online learning courses have along with new technologies have made the work effortless and fastened it; this is anticipated to enhance the global market growth.
The global massive open online course market is segmented based on courses as health and medicine, education and training, computer science and programming, engineering, humanities, science, business management, and others. Of these, humanities course accounted for the largest market share in the global market. However, engineering course may enhance the global market in coming years. Based on the type, the global massive open online course market is further classified as implementation, training, and support, and consulting. Furthermore, on the basis of the platform, the global market is fragmented as CMOOC and XMOOC. Of these, XMOOC platform is the leading segment across the world. XMOOC platform positively impacts the higher education owing to quality content provided by leading universities, consistent financial support for development, and the existence of deadlines and grades are expected to foster the global market in future
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North America is one of the fastest growing market in the world. It contributed for the largest market share owing to growing consumer and enterprises need for MOOC platform. Asia Pacific is also emerging as a major niche market, due to network device manufacturers' inclination towards massive open online course providers as they provide better performance, capacity, and quality. This is anticipated to open up new growth opportunities in the global massive open online course market.
Key players in the global massive open online course market are Instructure, Inc., Coursera, Inc., Iversity, Org., Udacity, Inc., and Miriada X. Other major players include Open2Study, Novoed, Inc., Blackboard, Inc., Futurelearn, and Edx, Inc.
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