Coding Bootcamps Market Size to Grow USD 2410.7 Million by 2029 at a CAGR of 14.9% | Valuates Reports
BANGALORE, Oct. 9, 2023 /PRNewswire/ -- Coding Bootcamps Market is Segmented by Type (Java, Python, NET), by Application (Enterprise, School): Global Opportunity Analysis and Industry Forecast, 2023-2029. It is Published in Valuates Reports Under the Category of Software.
Coding Bootcamps Market is projected to grow from USD 1048.8 million in 2023 to USD 2410.7 million by 2029, at a Compound Annual Growth Rate (CAGR) of 14.9% during the forecast period.
Major factors driving the growth of the Coding Bootcamps Market:
The growing need for computer experts, the requirement for current and useful skills, and the accessibility and affordability of boot camp programs are the main factors driving the market for coding bootcamps. Coding boot camps are going to play a big role in educating people for computer careers as long as the IT sector is still developing. This factor is expected to drive the growth of Coding Bootcamps market
Corporate training programs at tech-based companies are a significant trend promoting the expansion of the coding bootcamp sector. Corporations are spending more money on coding bootcamps to help staff upgrade their skill sets as new technologies emerge quickly. This factor is expected to drive the growth of the Coding Bootcamps market.
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TRENDS INFLUENCING THE GROWTH OF THE CODING BOOTCAMPS MARKET:
Technology specialists are in high demand across many industries as a result of the technology sector's ongoing, fast growth. Jobs in software development, data science, cybersecurity, and other fields are in high demand. When it comes to keeping up with the quickly developing tech world, traditional schooling frequently falls behind. By providing up-to-date, industry-relevant training that can swiftly qualify people for IT roles, coding bootcamps alleviate this skills gap. Numerous coding bootcamps include job placement aid in their curriculum. This includes crafting resumes, receiving interview coaching, and taking advantage of networking opportunities, all of which can greatly increase grads' prospects of finding tech jobs. The market for coding bootcamps is anticipated to develop as a result of this aspect.
Coding bootcamps typically provide flexible learning options, such as online classes and part-time schedules, suited for those with existing employment or other commitments. This flexibility not only lowers opportunity costs but also permits students to work while picking up essential coding skills. The affordability element is crucial in light of traditional higher education institutions' escalating tuition costs. Coding boot camps have also become a feasible option to upskill people and swiftly narrow the skills gap as demand for tech talent continues to outpace supply. Therefore, during the anticipated period, such factors are anticipated to increase demand for the worldwide coding bootcamp market.
Coding bootcamps can provide programs outside of the traditional classroom thanks to the incorporation of online learning, allowing students to learn coding from the convenience of their own homes. The incorporation of online learning is by the expanding demands of students seeking a practical, individualized learning experience. Coding bootcamps may now offer current content and resources that match the quickly evolving environment of programming languages, frameworks, and technologies thanks to the utilization of e-learning. Therefore, during the projected period, these factors are expected to fuel the expansion of the worldwide coding bootcamp market.
Coding bootcamps cram a lot of information into their curriculums, but they only have one goal: to teach students practical skills that will help them compete for jobs. Bootcamps concentrate on the fundamentals, such as significant developer languages and frameworks, significant web technologies, and significant databases. Recipients of boot camp certificates can use these technologies right away in the workplace. Bootcamps offer more than just career preparation. They provide career assistance to help students increase their marketability and identify the best employment prospects. During their bootcamp experience, attendees can gain from courses on networking, interview techniques, and resume best practices in addition to learning how to code.
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CODING BOOTCAMPS MARKET SHARE:
Throughout the forecast period, North America is expected to account for a sizable portion of the coding bootcamp market, thanks to rising enrollments in both full- and part-time programs. The North American market is expanding as a result of the rising use of programming languages like Python and Java, among others. The development of the coding bootcamp industry in North America is being aided by the region's well-established IT infrastructure, the presence of numerous organizations that need programmers, and the abundance of business prospects.
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Key Companies:
- Le Wagon
- App Academy
- Ironhack
- Bloc
- Startup Institute
- Flatiron School
- The Tech Academy
- Epicodus
- Tech Talent South
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SIMILAR REPORTS
- Coding Course Service for Kid market is projected to reach USD 204.5 million in 2029, increasing from USD 115 million in 2022, with the CAGR of 8.7% during the period of 2023 to 2029.
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- Natural Language Processing (NLP) market size is projected to reach USD 3081.5 million by 2028, from USD 843 million in 2021, at a CAGR of 20.1% during 2022-2028.
- Low Code Development Platform market size is projected to reach USD 39790 million by 2027, from USD 5861.3 million in 2020, at a Compound Annual Growth Rate (CAGR) of 30.9% during 2021-2027.
- Learning Management System (LMS) market size is projected to reach USD 40360 Million by 2028, from USD 13150 Million in 2021, at a CAGR of 17.1% during 2022-2028.
- Corporate learning management system (LMS) market size is projected to reach USD 9296 Million by 2026, from USD 2136.9 million in 2019, at a CAGR of 22.8% during 2021-2027.
- Virtual Classroom market size is projected to reach USD 16020 Million by 2027, from USD 8602.8 Million in 2020, at a CAGR of 9.2% during 2021-2027.
- The 2021 global revenue is about 15,000 million USD. The expected CAGR of 2021-2028 is 6.5%. The 2021 revenue of E-Learning Market in Japan is 1100.84 million USD. The Europe market in 2021 is about 4500 million USD and Poland market is about 150 million USD.
- Digital Badges Market was valued at USD 118.9 million in 2021 which is expected to reach 365.1 million by 2028 at a CAGR of 17.1% from 2022-2028.
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