Market Size of GCC Massive Open Online Course (MOOC) Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 29.21 Billion |
| Market Size (2029) | USD 11.33 Billion |
| CAGR (2024 - 2029) | 20.84 % |
| Market Concentration | Low |
Major Players_Market_company_logo.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
GCC Massive Open Online Course (MOOC) Market Analysis
The GCC Massive Open Online Course Market size is estimated at USD 29.21 billion in 2024, and is expected to reach USD 11.33 billion by 2029, growing at a CAGR of 20.84% during the forecast period (2024-2029).
Massive Open Online Courses (MOOCs) provide free educational resources to students worldwide and are the last phase of remote learning. To give people in the region a chance to study through hundreds of public and private colleges or organizations, MOOCs are designed to be scalable to big online masses, free participation, and without formal criteria.
- Information and communication technology development requires teachers and students to transcend the limitations of location, time, and environment. Standard classroom education is well recognized, but there is still discussion about learning systems outside the classroom, particularly those that use technology to aid learning.
- Moreover, The region is witnessing significant adoption of technology-related online courses as individuals unaffiliated with tech jobs are also increasingly enrolling in technology-related subjects, as jobs related to technologies, like AI, analytics, and machine learning, are some of the highest-earning jobs presently. Moreover, the shortage of skilled workforces in these technologies motivates the MOOC platform providers to launch more technology-related subjects.
- The average mobile Internet speed in every GCC region country is significantly higher than in other regions. This factor will augment the number of people enrolling the online courses in the area as better internet speeds will provide a seamless experience.
- The leading vendors are introducing numerous MOOCs rapidly, and the persistently high drop-out rates continue to challenge the profitability of many vendors in this market.
- The COVID-19 pandemic put formal educational systems into complete disarray, opening abundant opportunities for other forms of learning delivery. Universities in the region were exploring how to capitalize on the emerging opportunities evolving from these circumstances, MOOCs being one among them.
