by Business Wire
Technavio analysts expect the global MOOCs market to exceed USD 7 billion by 2019, growing at a CAGR of over 46%, according to their latest report. Global MOOCS market to exceed USD 7 billion by 2019, growing at a CAGR of over 46%, according to Technavio. Massive open online course (MOOCs) are free online courses for higher education, executive education, and employee development. These courses are provided by well-qualified lecturers from renowned institutes worldwide. MOOCs provide virtual education from any corner of the world where there is access to the internet. In the past few years, the global MOOCs market has experienced tremendous growth, and 2012 was labeled the “Year of the MOOC” by the New York Times. According to Faizan Akhtar, a lead research analyst at Technavio for education technology, “Among the various e-learning methodologies, learning through MOOCs is gaining momentum across the globe because of their ability to offer free education irrespective of geographical boundaries and different time frames.”
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