Thursday 12 February 2015,
TechNavio 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 .
Commenting on the report, an analyst from TechNavio’s team said: “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”
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.
The report also includes a discussion of the other vendors operating in this market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.