Global Online Course Providers Market Size By Application (Education and Corporates), By Provider (Content and Service), By Geographic Scope And Forecast

Online Course Providers Market Size And Forecast

Online Course Providers Market size was valued at USD 1.65 Billion in 2024 and is projected to reach USD 2.56 Billion by 2031, growing at a CAGR of 5.63% during the forecast period 2024-2031.

Growth in reach, reputation, and brand awareness of online education among students and corporates drives the growth of the Online Course Providers Market. Also, rising smartphones and internet connectivity will fuel market growth. The Global Online Course Providers Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Online Course Providers Market Definition

Online Course Providers offer massive open online courses (or MOOCs) and other coordinated courses that can be taken on the web. Students who take on an online course commonly complete a progression of exercises and take appraisals to demonstrate their authority of the material. Depending upon the subject and the coursework, some online course suppliers may offer affirmations to understudies upon finishing.

While numerous online course suppliers offer free classes, some require a paid month-to-month membership or a one-time expense for understudies to get to a bigger or further developed determination of courses. Other online course suppliers may charge for authentications of fulfillment or for big business admittance to courses. The courses offered through online course suppliers’ length a wide scope of subjects, including coding, information science, showcasing, visual communication, programming aptitudes, and vocation improvement.

Some online course suppliers have more modest course lists, maybe offering exercises zeroed in on explicit specialized abilities improvement, while different suppliers offer enormous indexes containing many various points. These course suppliers offer independent online course content and incorporate a set educational plan coordinated into exercises, modules, or subjects to assess student progress by means of ability appraisals.

Global Online Course Providers Market Overview

Even as fewer students are signing up for traditional classes, more and more students – from high school to college – are jumping into online courses. A whopping 33% of all students are now taking at least one class online! This creates a huge opportunity for online course providers to reach a global audience. People are becoming more aware of online education, both students and companies worldwide, which is boosting its reputation and reach. And with new, interactive learning tools that are actually engaging, it's easier than ever for people to learn online and boost their skills. What's more, as internet and mobile phone use continues to grow, the online course market is expected to keep expanding in the coming years, driving even more growth.

The NCES at the DOE's ongoing investigation makes something clearWhile almost 90,000 students dropped out of postsecondary education – nearly a full percentage point – the number of students taking at least some of their courses online jumped by over 350,000, a 5.7% increase from fall 2016 to fall 2017. This confirms earlier data released by the NSC. It seems everyone's looking for better opportunities and achievements, and as a result, companies are increasingly embracing online courses, fueling their growth. Learn more here.

Also, the boisterous way of life of working proficient combined with distant learning highlights is driving the requirement for adaptable learning arrangement, which is soaring the interest for online substance further boosting the development of online course providers. Additionally, a large number of organizations offer online course membership to advance preparation and improvement in their organizations. Free instructive courses help representatives in getting proficient affirmation and improve their transporter objectives separated from this, online courses help organizations in upgrading their work efficiency.

Global Online Course Providers MarketSegmentation Analysis

The Global Online Course Providers Market is segmented based on Application, Provider, and Geography.

Online Course Providers Market, By Application

• Education• Corporates

Based on Application, the market is bifurcated into Education and Corporates. In the Education segment, it provides courses to all students as well as several other for the educational purpose in schools, colleges, etc. Incorporates several courses were taken for enhancing skills, knowledge, etc. It is bifurcated in large enterprises and SMEs.

Online Course Providers Market, By Provider

• Content• Service

Based on Provider, the market is bifurcated into Content and Service. Content means that what kind of study material is provided. In the service segment, it is suggested that which kind of services are provided by course providers like time convenience, easy pause, and play, notes are available for the videos and also recorded videos of session.

Online Course Providers Market, By Geography

• North America• Europe• Asia Pacific• Rest of the World

On the basis of Geography, the Global Online Course Providers Market is classified into North America, Europe, Asia Pacific, and the Rest of the world.

Key Players

The “Global Online Course Providers Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Pluralsight, Udemy, Coursera, Edx, Codeacademy, Datacamp, Skillsoft, Khan Academy, Udacity, FutureLearn, and Lynda.com. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

Partnerships, Collaborations, and Agreements

• During the COVID-19 pandemic, Coursera Inc. collaborated with Telangana Academy for Skill and Knowledge (TASK) to upskill 50,000 unemployed youngsters in June 2020. With free access to 3,800 online courses, the move was part of the company’s global workforce rehabilitation strategy.

• Udemy Inc. collaborated with Eightfold AI, a talent intelligence platform, in June 2020 to deliver over 700 courses to an Eightfold AI-powered talent exchange platform.

• OpenLearning Limited announced a partnership with Alibaba, China’s largest e-commerce company, in April 2020 to develop its online learning services in the Chinese education industry. The cooperation aims to ensure that Chinese students have legal access to online courses.

Mergers and Acquisitions

• In August 2019, Coursera has acquired its first-ever acquisition, a company named Rhyme Softworks, which has developed a platform that allows developers to create hands-on, virtual e-learning projects that can be run directly from a user’s browser. Coursera is also releasing a new service called Coursera Labs, which will allow educational institutions and industry partners (and eventually businesses) to create their hands-on learning projects using Rhyme technology.

Product Launches and Product Expansions

• Byju’s, an Ed-tech pioneer, is slated to raise roughly US$150 million in capital from UBS Group AG, a multinational Swiss bank, in 2021. The strategic decision has the potential to increase the company’s value to $16.5 billion. This latest investment from UBS is expected to bring the company’s total investment in Byju’s to around $300 million.

• GSV Ventures, a US-based ed-tech investor, led a $30 million Series D round of funding for LEAD School, a B2B firm. This is expected to be used by LEAD to expand its portfolio.

Report Scope

Research Methodology of Market Research

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Reasons to Purchase this Report

We dive deep into the market using both qualitative and quantitative analysis, breaking it down into segments based on economic and, well, everything else! We'll give you the market value in USD Billion for each of those segments and sub-segments. You'll discover which region and segment is set to explode with growth and who's likely to be the top dog. We'll also analyze each region geographically, showing you where the product/service is being snapped up and what's influencing the market there. See who's leading the pack with our competitive landscape analysis, complete with market rankings of the big players and a look at recent service/product launches, partnerships, expansions, and acquisitions. Plus, get extensive company profiles including overviews, insights, product comparisons, and even a SWOT analysis for the major companies. Get the lowdown on the current and future market, including growth opportunities, drivers, and challenges in both up-and-coming and established areas. We even give you an in-depth look at the market through Porter's five forces and break it down with a Value Chain analysis. And finally, get a feel for the market's dynamics and where the growth opportunities lie in the years ahead. Oh, and did we mention? You get 6-month post-sales analyst support.

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