A new report predicts a compound annual growth rate of 46% in the the global Massive Open Online Courses (MOOCs) market between 2015 and 2019. The report, released by consulting firm McKinsey & Co., forecasts that MOOC revenues will grow from $28.5 billion to $40.3 billion, with an average revenue per user (ARPU), or how many people " Growth in the market is also being spurred by innovations in delivery methods using smart devices and is expected to benefit from increasing adoption in emerging economies.
A new report predicts a compound annual growth rate of 46% in the the global Massive Open Online Courses (MOOCs) market between 2015 and 2019. This research report considers revenues generated through platform licensing, course certifications, examinations, tutoring, and other personalised student services and explains that "many organisations are adopting MOOCs to offer employees online training, reduce costs, and increase employee productivity." Growth in the market is also being spurred by innovations in delivery methods using smart devices and is expected to benefit from increasing adoption in emerging economies.