NEW YORK , Aug. 17, 2022 /PRNewswire/ — The latest market analysis report titled Coding Bootcamp Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026 has been added to Technavio’s catalog. The analysts at Technavio have categorized the global coding Bootcamp market as a part of the global education services market. Our report provides extensive information on the value chain analysis for the coding Bootcamp market, which vendors can leverage to gain a competitive advantage during the forecast period. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Latest market research report titled Coding Bootcamp Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026 has been announced by Technavio which is proudly partnering with Fortune 500 companies for over 16 years
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“Few of the primary growth drivers for this market are the Low cost of Bootcamps, Increase in student enrollments, and rise in regulatory factors,” says a senior analyst for the consumer discretionary industry at Technavio. The short duration of training complemented with low-cost options ensure the cost-effectiveness of coding Bootcamps when compared with a proper formal education that includes four years of bachelor’s degree in Computer Science (CS). Coding bootcamps provide various options for the students to finance the program such as self-financed or access to low-interest loans and vendors offer deferred payment options such as monthly installments and tuition deferral until the employment of the student and free training through scholarships. In addition, the increase in ready-to-work coding Bootcamp is one of the key coding Bootcamp market trends that is expected to impact the industry positively in the forecast period. The Bootcamps provide people with the full set of skills needed to qualify for a junior developer. These types of Bootcamps are typically referred to as Zero to Sixty code schools and include intense training programs that are full-time and part-time training programs which will further accelerate the market growth.
However, an increase in formal education is one of the key challenges hindering the coding Bootcamp market growth. The increase in number of institutions and universities that provide formal education, such as bachelor’s and master’s degrees in the field of Computer Science engineering has increased. The non-acceptance of Bootcamp qualified students by the employers in the majority of the emerging regions are further catering to the growth of the formal education sector, thereby suppressing the emergence of coding Bootcamps in these regions. The unfamiliarity of these camps among students is further hindering the growth of the market and fueling the growth of formal education-providing institutes. Formal education is the biggest substitute for the growth of the global coding Bootcamp market.
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Coding Bootcamp Market Segment Highlights
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The coding Bootcamp market share growth by the individual learners will be significant during the forecast period.
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The major contribution to the global coding Bootcamp market is made by individual learners compared with institutional learners, as more individuals enroll in coding Bootcamps to increase their job prospects.
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As there is an increase in the number of online coding Bootcamps, many employees also opt for online modes of delivery to enhance and polish their skills. In addition, with the rise in Massive Open Online Courses (MOOCs), more employees are opting for such MOOCs as they provide various materials that fulfill the basic need of the employees to gain additional skills that will help them perform better.
Regional Analysis
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39% of the market’s growth will originate from APAC during the forecast period. India and China are the key markets for coding Bootcamp in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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The increase in the number of enrollments along with the need to fulfill the growing demand for software engineers and IT professionals will facilitate the coding Bootcamp market growth in APAC over the forecast period.
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Canada, India, UK, and Germany are key revenue-generating economies for the Coding Bootcamp Market.
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Vendor Analysis:
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The coding Bootcamp market is fragmented and the vendors are deploying growth strategies such as M&A activities to compete in the market.
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To make the most of the opportunities and recover from the post-pandemic impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The coding Bootcamp 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.
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The research report offers information on several market vendors, including 4Geeks Academy LLC, Academia de Codigo, Adecco Group AG, Barcelona Code School, Chegg Inc., Dataquest Labs Inc., Epicodus Inc., Flatiron School LLC, Fullstack Academy LLC, Galvanize Inc., Hackwagon Academy Pte Ltd., Ironhack Inc., LA LOCO SAS, Launch School, Makers Academy, Nippon Telegraph and Telephone Corp., Skillcrush Inc., Tech Talent South, Udacity Inc., and Zip Code Wilmington.
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Vendors such as 4Geeks Academy LLC offer coding Bootcamps for full-stack developers, web development, and others.
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Coding Bootcamp Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 19.31% |
Market growth 2022-2026 |
$ 1.20 billion |
Market structure |
Fragmented |
YoY growth (%) |
19.24 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 39% |
Key consumer countries |
US, Canada, India, UK, and Germany |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
4Geeks Academy LLC, Academia de Codigo, Adecco Group AG, Barcelona Code School, Chegg Inc., Dataquest Labs Inc., Epicodus Inc., Flatiron School LLC, Fullstack Academy LLC, Galvanize Inc., Hackwagon Academy Pte Ltd., Ironhack Inc., LA LOCO SAS, Launch School, Makers Academy, Nippon Telegraph and Telephone Corp., Skillcrush Inc., Tech Talent South, Udacity Inc., and Zip Code Wilmington |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, and market condition analysis for the 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. |
Table of Content
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Language
6 Market Segmentation by End-user
7 Market Segmentation by Delivery Mode
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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