Coding bootcamp market is estimated to be valued at US$ 937.8 Bn in 2031; 14.1 % CAGR Projected- Coherent Market Insights

A newly published report by Coherent Market Insights reveals a sustainable growth in opportunities in the coding bootcamp market.

Coherent Market Insights’ analyst projected the coding bootcamp market is estimated to be valued at US$ 937.8 Bn in 2024. It is expected to exhibit a CAGR of 14.1 % over the forecast period 2024 -2031.

Market Dynamics:

Rising demand for technical skills from industries undergoing digital transformation drives market growth. Coding bootcamp programs help students gain practical coding skills in technologies such as web development, mobile development and data science. This allows professionals to reskill or upskill themselves to capture new career opportunities.

Moreover, online bootcamps also drives the growth of the market.  This is due to increased accessibility and affordability of these programs.

Request free sample: https://www.coherentmarketinsights.com/insight/request-sample/7261 

Market Trends:

• Full-time Bootcamps is a key trend gaining traction. In Full-time immersive bootcamps students attend in-person classes for 8-12 hours a day. These intensive programs allow students to fully focus on learning without any other commitments. Major players are launching full-time on-campus bootcamps in different technologies across major cities.

• Project-based Learning is another trend gaining traction. This hands-on approach helps students gain practical experience and build portfolios which increases their employability. Bootcamp providers are collaborating with companies to create immersive project environments for students.

Coding Bootcamp Market Opportunities

• Full-time immersive coding bootcamp programs are one of the largest opportunities in the market. It will be accounting for over 50% of total enrollments. These programs generally run 9-12 weeks full-time and focus on intense training to help students quickly become job-ready.

• Online and distance learning coding bootcamp programs is growing significantly. These programs allow students the flexibility to learn on their own schedule from anywhere. Many students prefer this flexible format as it allows them to study while still working full-time.

Key Market Takeaways

• The global coding bootcamp market is anticipated to witness a CAGR of 14.1% during the forecast period 2024-2031. This is due to increased job opportunities in tech fields and the demand for coding skills from employers.

• On the basis of program type, full-time immersive programs are expected to hold a dominant position. This is due to their intensive nature that enables fast career changes.

• On the basis of delivery mode, online bootcamps are expected to hold the highest growth over the forecast period. This is due to the increased flexibility they provide students.

• On the basis of subject focus, full-stack web development programs make up the largest segment of the market. This is due to full-stack roles being in high demand across many companies.

• North America is expected to hold the largest market share over the forecast period. This is due to greater awareness and early adoption of bootcamps in the US.

Competitor Insights

Key players operating in the coding bootcamp market include

• Bloc,
• Coding Dojo
• Flatiron School
• General Assembly
• Thinkful
• Tech Elevator
• The Tech Academy
• Nucamp
• Microverse

Recent Developments: 

• In May 2022, Galvanize acquired Hack Reactor, a coding bootcamp known for its demanding software engineering curricula. This acquisition enabled Hack Reactor to continue operating while improving its services and automation capabilities.

• In April 2022, Udacity made its AWS Marketplace debut. The launch of Udacity’s Digital Transformation Suite seeks to foster talent transformation for AWS customers by providing businesses and workers with the skills required for the future workplace.

Interested to know the Market up Close. Buy the Full-report Now : https://www.coherentmarketinsights.com/insight/buy-now/7261 

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defence, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.