The Corona pandemic has reinforced the idea of unlearning-relearning which has made the popularity of #MOOC courses go up significantly.
📈The industry is expected to grow at a CAGR of 29% till 2025.
❓ But how big is the MOOC industry?
⏩ Market Valuation in 2019 – USD 5.16 billion
⏩ Market Valuation by 2025 – USD 21.14 billion
✔️ Of all the MOOC courses, xMOOC courses hold the maximum market share
Here, X emphasizes a traditional #learning approach with lectures, quizzes, & assignment.
Major xMOOC players- Coursera, Udemy, Udacity, edX
⏩ Total number of learners on these platforms crossed 100 Mn
⏩ Total number of universities associated crosses 900
❓ In the 3 months of March to May alone, the number of
What is assisting these companies in all of this?
💡 Automated coaching- Sending notifications in the form of pop-ups, leveraging on large data sets to build machine learning models, & up to 48% machine-assisted reviews of unstructured text (1.9 million+ copies), etc.
🏆 The results?
12% increase in the course completion rates already within 3 months.
With the MOOC industry rising from the dead, do you think the future of MOOC is brighter ☀️ from here?
Author: Pragati Nagpal
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