Online Data Science Training Programs Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

The online data science training programs market share is expected to increase by USD 3.76 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 25.1%. This online data science training programs market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The online data science training programs market report also offers information on several market vendors, including 2U Inc., AnalytixLabs, Alison, Coursera Inc., Dataquest Labs Inc., Great Lakes E-Learning Services Pvt. Ltd., Harvard University, Henry Harvin Education Inc., Intellipaat Software Solutions Pvt. Ltd., InventaTeq, Jigsaw Academy, KAPLAN Inc., NIIT Ltd., NYC Data Science Academy, Seek Ltd., Simplilearn Solutions Pvt. Ltd., Udacity Inc., Udemy Inc., upGrad, and DataCamp Inc. among others. Furthermore, this report extensively covers online data science training programs market segmentation by type (certification courses and professional degree courses) and geography (North America, APAC, Europe, South America, and Middle East and Africa).

What will the Online Data Science Training Programs Market Size be During the Forecast Period?

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Online Data Science Training Programs Market: Key Drivers, Trends, and Challenges

The increasing job prospects is notably driving the online data science training programs market growth, although factors such as the advent of open-source learning materials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the online data science training programs industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Online Data Science Training Programs Market Driver

The increasing job prospects is one of the key drivers supporting the online data science training programs market growth. Globally, business organizations are increasingly emphasizing the application of data science in business processes. As a result, they are increasingly hiring individuals proficient in data science. Major demand for data science and analytical science professionals is from the finance and insurance sector, professional services, and IT. On the other hand, individuals are increasingly choosing online data science training due to this increased demand for data science professionals as they are affordable and flexible. They choose professional online degrees or certification courses to enhance their skills in the data science domains. The most sought-after data science skills include proficiency in the field of machine learning and big data. Thus, the annual demand for the fast-growing new roles of data scientists, data developers, and data engineers are expected to increase during the forecast period.

Key Online Data Science Training Programs Market Trend

Increased emphasis on microlearning and gamification is one of the key trends contributing to the online data science training programs market growth. Microlearning has increased demands from the corporate sector. The increasing significance and adoption of mobile devices, including tablets and smartphones, for learning, has made microlearning an appropriate choice for business organizations to train their employees in data science. Therefore, many vendors have started investing in microlearning courses that offer gamified and interactive content to engage learners, reduce cognitive load, and increase retention. Microlearning courses provide efficient just-in-time learning support and play an active role in addressing learning gaps. For instance, many vendors such as DataCamp provide their mobile version for users to engage in short video courses. Such innovations will propel market growth during the forecast period.

Key Online Data Science Training Programs Market Challenge

The advent of open-source learning materials is one of the factors hindering the online data science training programs market growth. Open-source learning materials refer to course materials, video lectures, and MOOCs that offer free data science courses to learners. Various vendors such as KDnuggets, edX, and Udacity provide free data science courses to learners. These free courses are generally basic-level courses that consist of foundational courses. In addition, The Open Source Data Science Masters course provided and maintained by the data science masters is a free course that consists of a collection of open-source materials and resources, available online for free. Subjects covered include natural language processing API using Python, Hadoop MapReduce, SQL and noSQL databases, and data visualization. It is a self-paced program with no certifications. Such free access to the courses will negatively impact the market growth during the forecast period.

This online data science training programs market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global online data science training programs market as a part of the global education market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the online data science training programs market during the forecast period.

Who are the Major Online Data Science Training Programs Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• 2U Inc.
• AnalytixLabs
• Alison
• Coursera Inc.
• Dataquest Labs Inc.
• Great Lakes E-Learning Services Pvt. Ltd.
• Harvard University
• Henry Harvin Education Inc.
• Intellipaat Software Solutions Pvt. Ltd.
• InventaTeq
• Jigsaw Academy
• KAPLAN Inc.
• NIIT Ltd.
• NYC Data Science Academy
• Seek Ltd.
• Simplilearn Solutions Pvt. Ltd.
• Udacity Inc.
• Udemy Inc.
• upGrad
• DataCamp Inc.

 

This statistical study of the online data science training programs market encompasses successful business strategies deployed by the key vendors. The online data science training programs market is fragmented and the vendors are deploying growth strategies such as price and differentiation of products to compete in the market.

Product Insights and News

• AnalytixLabs is a privately held company headquartered in India. It is a country company, with limited information regarding its financials and limited information regarding its employee strength is available. Its revenue from the global online data science training programs market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company.
• AnalytixLabs - The company is involved in offering wide range of online data science programs such as data visualization and analytics, machine learning courses among others which gives training on advance Excel, VBA and SQL along with the most popular visualization tool on weekly and daily basis.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The online data science training programs market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Online Data Science Training Programs Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the online data science training programs market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Online Data Science Training Programs Market?

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46% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for online data science training programs market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increased adoption of online learning and the rise in the demand for data scientist jobs will facilitate the online data science training programs market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 in 2020 positively impacted the online data science training programs market in North America. However, in response to significant demand, many online learning platforms are offering free access to their services. Hence, the regional online data science training programs market is expected to increase growth during the forecast period.

What are the Revenue-generating Type Segments in the Online Data Science Training Programs Market?

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The online data science training programs market share growth by the certification courses segment will be significant during the forecast period. Certification courses are generally divided into foundation courses and advanced courses. Most foundation courses provided by vendors are free. For instance, the Elements of data science course provided by edX is free. They can be a full-time or part-time course that lasts from a few weeks to a few months. For instance, Udemy offers data science certification courses to learners at discounted prices. Such upcoming offers are expected to drive the segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the online data science training programs market size and actionable market insights on post COVID-19 impact on each segment.

 

Online Data Science Training Programs Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 25.1%
Market growth 2022-2026	$ 3.76 million
Market structure	Fragmented
YoY growth (%)	24.58
Regional analysis	North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution	APAC at 46%
Key consumer countries	US, Canada, China, India, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	2U Inc., AnalytixLabs, Alison, Coursera Inc., Dataquest Labs Inc., Great Lakes E-Learning Services Pvt. Ltd., Harvard University, Henry Harvin Education Inc., Intellipaat Software Solutions Pvt. Ltd., InventaTeq, Jigsaw Academy, KAPLAN Inc., NIIT Ltd., NYC Data Science Academy, Seek Ltd., Simplilearn Solutions Pvt. Ltd., Udacity Inc., Udemy Inc., upGrad, and DataCamp 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 forecast period
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.

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What are the Key Data Covered in this Online Data Science Training Programs Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive online data science training programs market growth during the next five years
• Precise estimation of the online data science training programs market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the online data science training programs industry across North America, APAC, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of online data science training programs market vendors

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