Report: Global MOOC Market Continuing to Grow

  • By Julia Sufrin
  • 07/22/14

A new report issued by TechNavio and available for purchase in the Sandler Research online store says that the global market for MOOCs will grow at a compound annual growth rate of 56.61 percent over the period 2013-2018.

According to Sandler Research, "Global Massive Open Online Courses Market 2014-2018" was conducted using a combination of primary and secondary information. The company got input from key participants in the industry, including Coursera, edX, Udacity, Udemy, Academic Partnerships, Apple, Codecademy, Crypt4you, FutureLearn, Iversity, Khan Academy, NovoEd, Peer 2 PeerUniversity, PIER International Education Services, StraighterLine and Veduca Edtech.  

The report found that growth of the global MOOC market is driven by several factors — chief among them the rising cost of higher education. On the other hand, the report states that the future of the market is constrained by factors including the low completion rate of students enrolled in MOOCs. In 2013, the average completion rate of MOOCs was less than 7 percent. The report recognizes that the main reason for such low completion rates is the lack of motivational factors such as college credits or certifications.

Another key trend is that universities are increasingly turning to MOOC providers for large student data analyses. According to an analyst from TechNavio’s team, the online nature of MOOCs allows educators to manage records, calculate examination outcomes and grade assignments using MOOCs’ big data tools and analytics. This gives educators the advantage of using real-time data management as opposed to traditional data-gathering techniques.

About the Author

Julia Sufrin is a contributing writer based in Los Angeles.

Featured

  • From Fire TV to Signage Stick: University of Utah's Digital Signage Evolution

    Jake Sorensen, who oversees sponsorship and advertising and Student Media in Auxiliary Business Development at the University of Utah, has navigated the digital signage landscape for nearly 15 years. He was managing hundreds of devices on campus that were incompatible with digital signage requirements and needed a solution that was reliable and lowered labor costs. The Amazon Signage Stick, specifically engineered for digital signage applications, gave him the stability and design functionality the University of Utah needed, along with the assurance of long-term support.

  • Abstract geometric shapes including hexagons, circles, and triangles in blue, silver, and white

    Google Launches Its Most Advanced AI Model Yet

    Google has introduced Gemini 2.5 Pro Experimental, a new artificial intelligence model designed to reason through problems before delivering answers, a shift that marks a major leap in AI capability, according to the company.

  • Training the Next Generation of Space Cybersecurity Experts

    CT asked Scott Shackelford, Indiana University professor of law and director of the Ostrom Workshop Program on Cybersecurity and Internet Governance, about the possible emergence of space cybersecurity as a separate field that would support changing practices and foster future space cybersecurity leaders.

  • Two stylized glowing spheres with swirling particles and binary code are connected by light beams in a futuristic, gradient space

    New Boston-Based Research Center to Advance Quantum Computing with AI

    NVIDIA is establishing a research hub dedicated to advancing quantum computing through artificial intelligence (AI) and accelerated computing technologies.