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The coding bootcamp market size is forecasted to increase by USD 1.49 billion at a CAGR of 19.77% between 2022 and 2027. The report includes historic market data from 2017 to 2021.
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 report extensively covers market segmentation by end-user (individual learners and institutional learners), language (java, python, .NET, ruby, and HTML and others), delivery mode (full-time bootcamps and part-time bootcamps), and geography (North America, APAC, Europe, South America, and Middle East and Africa).
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 310.35 million in 2017. 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 40% 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.
The coding and bootcamp market witnesses a surge fueled by demand for programming and software development skills. Education in coding is essential for aspiring professionals navigating today's tech industry. Coding bootcamps address this need, offering intensive training in coding and web development. Employers seek candidates proficient in diverse coding languages, driving the market's growth. Bootcamps adapt their curriculum to industry trends, ensuring graduates are job-ready. As demand for skilled coding professionals rises, the market's prominence and job opportunities continue to expand. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
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 coding bootcamp market has seen significant growth in recent years. Coding boot camps offer intensive and immersive programs focused on teaching coding and programming skills. The market is experiencing rapid growth, driven by the increasing demand for skills and education in technology-related fields. With the rise, students and professionals alike are turning to these intensive learning programs to acquire in-demand skills quickly. These bootcamps offer comprehensive training in various programming languages and technologies, including data science and Python, to prepare learners for careers in software development, web development, and cybersecurity.
Companies and businesses are recognizing the value of graduates who bring practical coding skills and real-world experience to the table. As a result, partnerships between bootcamps and employers are becoming more common, leading to an increase in job placement rates for bootcamp graduates.
The popularity is particularly notable in North America, where the market has seen significant growth. These bootcamps offer a tailored curriculum designed to meet the needs of individuals seeking to enter the coding industry or advance their coding careers. With advancements in technology and a growing demand for coding professionals, the market is expected to continue its upward trajectory in the coming years.
The market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Market Scope |
|
Report Coverage |
Details |
Page number |
180 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 19.77% |
Market growth 2023-2027 |
USD 1.49 billion |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
19.25 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
North America at 40% |
Key countries |
US, Canada, India, UK, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Barcelona Code School, 4Geeks Academy LLC, Dataquest Labs Inc., Stride Inc., Nippon Telegraph and Telephone Corp., Flatiron School LLC, Fullstack Academy LLC, Chegg Inc., Udacity Inc., Skillcrush Inc., Epicodus Inc., Hackwagon Academy Pte Ltd., Launch School, LA LOCO SAS, Zip Code Wilmington, General Assembly Space Inc., Ironhack Inc., Makers Academy, Academia de Codigo, and Hash Map Labs Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our market growth analysis report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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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 Trends
12 Vendor Landscape
13 Vendor Analysis
14 Appendix
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