-4.8 C
New York
Sunday, February 5, 2023

Global Coding Bootcamp Market: Analysis By Mode of Learning, By Programming Language, By Tuition Distribution, By Region, Size and Trends with Impact of COVID-19 and Forecast up to 2027 – Yahoo Finance

The global coding bootcamp market was valued at US$1. 36 billion in 2021, and is predicted to grow to US$3. 66 billion in 2027. A coding bootcamp is a technical training program that teaches the programming skills that employers seek.
New York, Dec. 08, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Coding Bootcamp Market: Analysis By Mode of Learning, By Programming Language, By Tuition Distribution, By Region, Size and Trends with Impact of COVID-19 and Forecast up to 2027” – https://www.reportlinker.com/p06370530/?utm_source=GNW
Coding bootcamps allow students with little coding experience to focus on the most important aspects of coding and apply their new coding skills to solve real-world problems.

Coding bootcamps, like many trade schools, are typically run by for-profit private companies and are available in-person or online, depending on the program. A few well-known coding bootcamps are Bloc, General Assembly, Flatiron School, and App Academy. The global coding bootcamp market is determined to grow at a CAGR of 18% over the forecasted period of 2022-2027.

Market Segmentation Analysis:

By Mode of Learning: The report identifies two segments on the basis of mode of learning: Full Time and Part Time. Full time segment is expected to be the fastest growing segment in the forecasted period. Students prefer the full-time course because they prefer to learn in an environment where everyone else is learning alongside them. The course time for such boot camp is shorter than for part-time boot camp. Coding bootcamp has become more popular in North America, Europe, and Asia Pacific due to the use of video recording platforms and a flexible schedule.

By Programming Language: The report identifies five segments on the basis of programming language: Python, NET, JAVA, RUBY and Others. Python dominated the coding bootcamp market in 2021. Python is a general-purpose, high-level programming language that can be used for data collection, web scraping, and scripting. For scientific computing, it is well-liked in the scientific community. referred to as one of the simplest programming languages to learn for beginners. Cross-functional and can be used for data science and web development and works on IoT devices as well. Websites such as Google, Youtube, Quora, Spotify, etc, are built with Python. The increasing proclivity of enterprises toward data-intensive business strategies, rising demand for python due to its ability to provide high-quality, rapid, accurate, real-time data, rising demand for pre- and post-deployment services are driving the segment’s growth.

By Tuition Distribution: The market can be divided into five segments based on the tuition distribution: US$10,000-US$15,000, >US$15,000, US$5,000-US$9,999, US$15,000 accounted for the maximum share. Tuition for intensive, full-time coding bootcamps that provide comprehensive career training and often last several months is from US$10,000 to US$15,000. The median bootcamp tuition in 2020 was US$13,500, with an average cost of US$13,579. Some bootcamp providers, in addition to intensive, career-focused programmes, provide short introduction courses for students who wish to get their feet wet before committing to an intensive programme. For experienced coders, bootcamps may also provide professional development courses that focus on a specific skill or programming language.

By Region: In the report, the global coding bootcamp market is divided into four regions: North America, Europe, Asia Pacific, and ROW. North America accounted for the maximum share of the global market in 2021, because of the increased enrollment in full-time and part-time bootcamps. Industry players could increase their investments in high impact learning across the US and Canada. Programming languages like Python have grown in popularity among companies like Facebook, Google, and IBM. Furthermore, well-known players such as Uber, eBay, and Netflix have increased their investments in JavaScript to provide a better user experience.

Asia Pacific offers strong growth opportunities to the coding bootcamp market. Students looking to hone their programming skills may find lucrative opportunities in Asia Pacific. With companies like PayPal and Apple redefining the payment landscape, software engineering skills will be in high demand in China, India, Malaysia, and Singapore. Furthermore, the growth of coding bootcamps for women will be visible throughout the region. In March 2022, She Loves Code was rolled out in India as the first coding bootcamp solely for women to boost their IT skills.

Market Dynamics:

Growth Drivers: One of the key drivers of the market’s expansion is the university-bootcamp partnerships. Coding bootcamps initially gained popularity in the private sector. But in recent years, universities began to take an interest in the model. Although the layout of these “university bootcamps” differs—some universities operate their own internal bootcamps, while others collaborate with already-existing bootcamps—they all share the same goal: to assist in providing students with the hands-on training necessary to pursue a career in technology. Companies like Trilogy Education Services have discovered a successful business model in assisting universities in adding bootcamp courses to their existing degree offerings. Other significant growth factors of the market include, increasing enrollments, increasing investments in bootcamp, increased flexibility, availability of financing options, scholarships and better outcome.

Challenges: However, some challenges are impeding the growth of the market such as demand for formal education. There are more institutions and universities now offering formal education, including bachelor’s and master’s degrees in computer science engineering. The majority of emerging regions are feeding the growth of the formal education sector by not accepting Bootcamp-qualified students, which is suppressing the emergence of coding Bootcamps in these areas.

Trends: The market is projected to grow at a fast pace during the forecast period, due to increasing demand for E learning, corporate training program and niche and specialized courses. Another growth opportunity for coding schools comes from corporate training. While providing services to individual students has frequently proven to be a successful business strategy, corporate training programs would enable bootcamps to access new markets and additional sources of income. Businesses are spending more money on educating staff members in new skills, in part as a result of rising automation that has displaced workers and disrupted the labor market. In line with this, McKinsey & Company predicted that by 2030, increased automation will force nearly one-third of American workers to change careers. Companies have consistently expressed interest in funding technical training programs for their employees over the past few years.

Impact Analysis of COVID-19 and Way Forward:

Even in face of the fact that COVID-19 disruptions around the globe have caused a significant drop in revenue for many enterprises, the coding bootcamp market observed a positive impact. In response to the COVID-19 pandemic, many in person bootcamps launched remote options and also offered COVID reliefs to the students, in the form of scholarships, incentives, or stipends, which supported the market expansion during the COVID outbreak.

There is a clear correlation between the skills taught in bootcamps and those that employers want. Programs in software engineering and web development, where skills are constantly in demand, are still preferred by bootcamps. Sales programs for technology and cybersecurity are spreading more frequently. These initiatives seek to demonstrate the adaptability of the bootcamp model of brief, intense training to new professions and would drive the market growth during the post COVID period.

Competitive Landscape:

The coding bootcamp market is fragmented. Leading corporations are expected to invest in mergers and acquisitions, product launches, partnerships, technological advancements, and innovation. For example, in June 2020, Coding Dojo collaborated with MIT Bootcamps to launch the Coding and Innovation Bootcamp, which would teach technical skills as well as core innovation principles.

The key players in the global coding bootcamp market are:

The ADECCO Group (General Assembly)
Chegg Inc. (Thinkful)
Flatiron School
Springboard
Bloom Institute of Technology (BloomTech)
App Academy
Hack Reactor
4Geeks Academy
Fullstack Academy LLC
CareerFoundry
Ironhack
Barcelona Code School
Makers Academy

To make the most of the opportunities and to expand their presence in the growing markets, market vendors are focusing more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Funding environment has accelerated meaningfully. While clearly a beneficiary of the pandemic, the acceleration in equity funding for bootcamps has been exceptional. Chegg acquired Thinkful in October 2019, expanding CHGG’s TAM to lifelong learning including engineering, data science, data analytics and product design, Skillsoft acquired CodeAcademy in December 2021 expanding capabilities into Tech & Dev with the ability to cross-sell CodeAcademy’s offerings to existing enterprise customer base.
Read the full report: https://www.reportlinker.com/p06370530/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

__________________________

Toyota is known for a lot of different things, mainly automobiles, but the company also makes sewing machines, forklifts, robotics, boats and even houses. Of course, the main line of business Toyota handles is automobiles. While being a true leader in the automobile industry, Toyota has dealt with its own setbacks.
(Bloomberg) — Each morning when Michael Quinn pulls into the parking lot of the luxury apartment complex he manages in West Texas and looks across the street, an unsightly vision blots the horizon: a 24-foot-high insulated wall. Most Read from BloombergChina’s Rapid Covid Reversal Sparks Whiplash as Cases SurgeUS Says Scientists Make Breakthrough in Nuclear Fusion EnergyFed’s Message That Rates Will Stay on Hold for ‘Some Time’ Clashes With 2023 Rate-Cut BetsElon Musk Steps Up Attacks on Twitte
C3.ai (NYSE: AI) has pioneered a brand-new industry known as enterprise artificial intelligence (AI). It breaks down the technical and financial barriers to accessing AI for many industries that wouldn't normally be associated with the advanced technology. The company is currently transforming the economics of its business, which could result in supercharged sales growth over the next few years.
A new lawsuit accuses a dozen celebrities of contributing to significant financial losses, by promoting non-fungible tokens, aka NFTs.
Six floor office building on New Oxford Street will be workplace for 3,000 staff including CEO
Kinder Morgan, The Williams Companies and MPLX have been highlighted in this Industry Outlook article.
(Bloomberg) — Clovis Oncology Inc. filed for bankruptcy and plans to sell its experimental cancer drug at an auction with Novartis Innovative Therapies making a binding, opening bid worth as much as $681 million.Most Read from BloombergChina’s Rapid Covid Reversal Sparks Whiplash as Cases SurgeUS Says Scientists Make Breakthrough in Nuclear Fusion EnergyFed’s Message That Rates Will Stay on Hold for ‘Some Time’ Clashes With 2023 Rate-Cut BetsElon Musk Steps Up Attacks on Twitter’s Former Safety
Even if you don’t have a conventional job, you may be able to contribute to a Roth IRA using these unconventional income sources.
(Bloomberg) — One oil exchange traded fund pulled in a giant amount of cash last week as some investors piled into the market during its worst rout in months.Most Read from BloombergChina’s Rapid Covid Reversal Sparks Whiplash as Cases SurgeUS Says Scientists Make Breakthrough in Nuclear Fusion EnergyFed’s Message That Rates Will Stay on Hold for ‘Some Time’ Clashes With 2023 Rate-Cut BetsElon Musk Steps Up Attacks on Twitter’s Former Safety HeadChina’s Top Medical Adviser Says Omicron’s Risks
Struggling to gain traction in battery-electric vehicles, Toyota is considering changes for its suppliers.
In this article, we discuss the 11 best sectors to invest in heading into 2023. If you want to see more of the top sectors to consider, check out 5 Best Sectors To Invest In Heading Into 2023. With a recession on the horizon, many investors are cautious when it comes to putting their money […]
Saving for a financially secure retirement is a long-term project with a sometimes indistinct final objective, especially when people are just starting in their careers. Retirement is far in the future at that point and key concerns such as career … Continue reading → The post How Much Should I Have in My 401(k) at 30? appeared first on SmartAsset Blog.
The U.S. biotech company’s deal for the drugmaker, which develops medicines to treat autoimmune and inflammatory diseases, is the year’s largest healthcare merger.
Back in January, Microsoft (NASDAQ: MSFT) agreed to buy Activision Blizzard (NASDAQ: ATVI) for $68.7 billion (or $95 per share). Activision Blizzard's investors approved the deal three months later, while Warren Buffett's Berkshire Hathaway acquired nearly 10% of the video game maker as an arbitrage play. For a while, it seemed like a good idea to follow Buffett's lead, since Activision's shares consistently remained below $95.
5 charts that show the state of retirement planning in America. Plus, advice from financial advisers on how to plan better and save more for retirement
The headlines for online-car buying platform Carvana (CVNA) haven’t been good recently. And whether the company will remain a public entity is now in doubt. In fact my colleague Rick Newman wrote a column dubbing it Yahoo Finance’s “Worst Company of the Year.” Despite a stock down XX% this year, concerns over its debt load, and weather management has the know-how to right the business, it seems one thing may actually stick around – the trend of buying used cars online.
While there is much more to Warren Buffett's conglomerate Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) than mere stock-picking, Berkshire's public equity portfolio does get a lot of attention. After displaying lots of patience over the past few years, Buffett made five relatively big stock buys in 2022 as markets fell. Here are Buffett's picks and why he may have picked these names specifically.
Don’t lose out on the tax-free benefits of a Roth IRA by contributing too much or too little, withdrawing money too soon, or making another mistake.
More than two and a half years later in a world yearning for normalcy, many workers are fed up and don't want to go back to the way things were
IRAs have certain tax advantages that allow you to bolster your nest egg, but there are annual limits on how much you can contribute.

source

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest Articles