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The coding bootcamp market size is forecasted to increase by USD 2.81 billion at a CAGR of 21.17% between 2023 and 2028. The report includes historic market data from 2018 to 2022. The high affordability of bootcamps compared to traditional higher education programs is the key factor driving the growth of the market. Coding bootcamps usually deliver adaptable study opportunities, including online courses and part-time schedules, suitable for those who already have jobs or other obligations. This flexibility not only reduces opportunity costs but also allows learners to earn income while learning valuable coding skills. The affordability factor is especially important in the context of rising tuition fees at traditional higher education institutions. Additionally, as demand for tech talent continues to outstrip supply, coding boot camps have emerged as a viable solution to upskill individuals and quickly close the talent gap. skill. Therefore, such factors are expected to boost the demand for the market during the forecast period.
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Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The coding bootcamp market report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the individual learners segment will be significant during the forecast period. As software engineering and web development have evolved as an essential part of many companies and are essential to the operations of technology as well as other businesses, there is a need for skilled professionals in this field. Another major factor contributing to the growth of the market is the cost-effective nature of coding bootcamps.
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The individual learners segment showed a gradual increase in the market share of USD 368.4 million in 2018. The major contribution to the market is made by individual learners rather than organizational learners as more and more individuals are enrolling to increase their prospects in their jobs. As the number of online coding bootcamps increases, more employement is also choosing online delivery modes to improve and hone their skills. Hence, these factors are anticipated to propel the growth of the individual learner segment in the market during the forecast period.
North America is estimated to contribute 55% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The North American coding bootcamp market is a dynamic and influential sector driving innovation and technical skills development in the region. One of the defining features of the North American coding bootcamp market is its robust ecosystem of tech hubs and urban centers. Holistic development, data science, web design, and mobile app development are just some of the specialized courses offered by coding boot camps in this area.
Additionally, as the tech landscape continues to evolve, the North American coding bootcamp market remains at the forefront of equipping individuals with the skills needed to thrive in the digital age. With a combination of industry connections, diverse programs, and a strong tech culture, the North American coding bootcamp market is poised to shape the future of coding education and development in the region. Hence, these factors are anticipated to propel the growth of the market during the forecast period.
Coding Bootcamps have gained significant popularity in recent years as a viable alternative to traditional universities for individuals seeking to kickstart their careers as software engineers. These intensive training programs focus on IT fields such as Artificial Intelligence, Machine Learning, Automation, IoT, Cloud Computing, and more. Coding Bootcamps offer future-ready, hands-on experience in programming and software development, preparing students for various job positions like AI developer, technical careers, and tech-based jobs. With the increasing demand for tech-savvy problem-solvers, Coding Bootcamps emphasize the acquisition of technical skills, including coding efficiency and hands-on experience. Universities also recognize the value of these programs and offer specialized courses to supplement their curricula. Online bootcamps provide accelerated learning opportunities for individuals who cannot attend in-person classes. Corporate training programs also leverage bootcamps for hiring and onboarding new employees, ensuring they have the necessary skills for their tech-based jobs. In summary, Coding Bootcamps offer future-ready, intensive skills training in various IT fields, preparing individuals for a wide range of technical careers. With a focus on practical experience and problem-solving skills, these programs provide an efficient and effective pathway to becoming a successful software engineer.
Increasing integration of e-learning is the primary trend shaping the growth of the market. Integrating online learning permits coding bootcamps to provide programs outside the physical classroom, authorizing students to learn coding skills from the comfort of their homes. The integration of online learning aligns with the growing preferences of learners looking for a convenient, personalized learning journey.
Additionally, the use of e-learning opens up opportunities for bootcamps to deliver up-to-date content and materials that reflect the rapidly changing landscape of programming languages, frameworks, and technologies. Hence, these factors are anticipated to propel the growth of the global coding bootcamp market during the forecast period.
An increase in formal education is a challenge that affects the growth of the market. The number of students enrolling in higher education is growing rapidly, necessitating an addition in the number of courses offered by colleges and universities. Furthermore, the growing demand for software engineers in both developed and developing economies is forcing students to opt for degree programs at formal educational organizations.
Additionally, students' unfamiliarity with boot camps further reduces the demand for bootcamps and promotes the growth of formal institutions providing education. Therefore, an increase in formal education is expected to impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on market penetration. Furthermore, the market research report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth market growth and forecasting strategies.
Global Market Customer Landscape
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments
Bootcamps have emerged as a popular choice for individuals seeking to acquire coding skills and transition into IT fields. These intensive training programs offer future-ready education in various IT domains such as Artificial Intelligence, Machine Learning, Automation, IoT, Cloud Computing, and more. Software engineers, AI developers, data engineers, data scientists, database administrators, mobile app developers, cloud architects, and many other job positions in the tech industry require robust coding skills in programming languages like Java, Python, JavaScript, HTML & CSS, among others. Coding Bootcamps provide students with a comprehensive understanding of these languages and the necessary problem-solving skills. E-commerce, Python programming, data science, and Big Data are some of the IT fields that are currently in high demand. Coding Bootcamps offer Online learning through Ed-tech platforms, providing flexibility and affordability. Social media awareness and technical careers are increasingly becoming essential in today's digital world. Hiring and onboarding processes in universities and companies have become more streamlined, making it crucial for individuals to possess a wide range of technical skills. Coding Bootcamps provide intensive training, making students tech-savvy and future-ready. In conclusion, Coding Bootcamps offer a cost-effective and efficient solution for individuals seeking to acquire coding skills and transition into the IT industry. With a focus on practical learning and industry-relevant skills, these programs prepare students for technical careers in various IT fields.
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Industry Scope |
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Report Coverage |
Details |
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Page number |
186 |
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Base year |
2023 |
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Historic period |
2018 - 2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 27.17% |
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Market growth 2024-2028 |
USD 2.81 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
20.99 |
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Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 55% |
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Key countries |
US, Canada, India, UK, and Germany |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
4Geeks Academy LLC, Academia de Codigo, Barcelona Code School, Chegg Inc., Dataquest Labs Inc., Epicodus Inc., Flatiron School LLC, Fullstack Academy LLC, General Assembly Space Inc., Hackwagon Academy Pte Ltd., Hash Map Labs Inc., Ironhack Inc., LA LOCO SAS, Launch School, Makers Academy, Nippon Telegraph and Telephone Corp., Skillcrush Inc., Stride Inc., Udacity Inc., and Zip Code Wilmington |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, Market growth and Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Language
8 Market Segmentation by Delivery Mode
9 Customer Landscape
10 Geographic Landscape
11 Drivers, Challenges, and Opportunity/Restraints
12 Competitive Landscape
13 Competitive Analysis
14 Appendix
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