USD 772.04 million
Report ID: SQSG25R2002 | Region: Global | Published Date: October, 2022 | Pages: 165
Global Coding Bootcamp Market is valued at USD 772.04 million in 2021, and it is estimated to reach a value of USD 2317.08 million by 2028, at a CAGR of 17% over the forecast period (2022-2028).
It is estimated that by 2023 the demand for software engineers will be 27.7 million and is expected to rise by 24% by the year 2026. Growing advancements and emerging new-age technologies such as artificial intelligence, machine learning, automation and IoT, and cloud computing have increased the demand for skilled coding professionals all over the globe. Companies are looking for talents who could drive tech innovation. The Bureau of Labor Statistics (BLS) estimated that employment in the field of computer and information technology will grow by 13% by the year 2030, this growth rate is the fastest compared to other employment fields.
Tech-advanced era has opened doors for various IT and data-oriented fields. Job positions such as web development, AI developer, data engineer, data scientist, database administrator, mobile application developer, and cloud architect require coding and programming skills. It is estimated that by the year 2026 the job market will witness a 15 % growth in the demand for web developers and 26 % growth in the demand for mobile application developers, the employment available for database administrators will be around 9.7 by the year 2029.
Coding is the most sought-after skill and is expected to have high demand by the year 2029. The increasing prevalence of mobile applications, websites, automation, Intelligent systems and software systems across all businesses and organizations is driving the coding bootcamp market thereby increasing the demand for coding and programming professionals in the job market.
Global Market Size
USD 772.04 million
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Analysis by programming language
IT-driven advancements such as e-commerce platforms, mobile applications, and websites are making way for well-learned professionals.
Python programing language is also expected to witness high enrolments over the forecasted period, it is among the top five programming languages used worldwide by developers. Python is the most sought-after programming language, its popularity increased by 154% in 2021. It is now one of the most important programming languages due to the increasing demand for data scientists, the popularity of data science has increased by 300%. It has a broad spectrum of applications in varied technical realms such as web development, artificial intelligence (AI), data science, game development, machine learning, big data, audio-visual apps, computer-aided design (CAD), and web scraping.
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North America is anticipated to dominate the global coding bootcamp market owing to increasing employability and the number of job placements in the region that are contributing to the coding bootcamp market growth. The number of students graduating yearly in the USA and Canada is high and paves the way for the rising demand for coding Bootcamp. In the year 2021, 90 % of enrollments was recorded for students and the rest were working professional. Advancements in technology and IT infrastructure have increased the demand for coding skills in North America. According to our estimates, 35200 coding Bootcamp graduates were from New York City and San Francisco in the year 2020. Gross revenue generated in the year 2020 by coding boot camps in US and Canada amounted to US$ 350 million and is estimated to witness year on year growth over 2028.
Additionally, Asia Pacific region is also estimated to showcase growth wherein India is expected to dominate. Rising acceptance of online learning and the number of ed-tech platforms is contributing to the growth. Coding Ninjas witnessed a 150% increase in enrolments in a single month. Platforms like Upgrade, and Byjus Edtech are leveraging comprehensive ways to attract enrolments. Initiatives like early-age coding tutorials and beginner-friendly coding are gaining popularity. The increasing demand for coding professionals, skill development programs and growing IT infrastructure is fueling the growth.
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Various learners are directed towards coding boot camps due to the cost-effectivity factor wherein learners either learn a new skill or polish their skills to rise in their careers. Several Platforms such as Upgrade, Udacity, and Udemy provide free and paid comprehensive courses which prepare them for the job market. In the year 2020, there was a shift to online methods of learning, 44,254 people attended or graduated from coding bootcamps, and there was 30.32% increase in the growth from 2019.
According to estimates, the global spending on information technology will reach US$4.45 trillion in 2022. Organizations around the world are utilizing strategies to outfit their systems with smart technologies and software systems, which over the anticipated period will create a demand for skilled professionals and developers from various IT fields and will spur the growth of global coding Bootcamp market.
High acceptability of a formal degree and various new universities and institutions being set up pose a challenge. However, emerging demands for skills partnerships of universities and governmental initiatives in coding boot camps are gaining pace and increasing the acceptability of boot camps all over the globe. For Instance, the Digital Upskill Sacramento program partnership between the City of Sacramento, and the General Assembly fund was to pay for the education of 40 people who wanted to acquire new skills to advance their careers.
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The Global coding bootcamp market is highly competitive. Major players are implementing numerous tactics, including mergers and acquisitions, strategic agreements and contracts, and the development to gain a competitive edge.
Several coding bootcamp market players offer online and hybrid programs owing to the increasing demand for online learning.
Top Players Company Profiles
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, coding bootcamp market players are leveraging ways to provide learners with interactive interfaces for hands-on coding experience creating job-ready professionals. The prevalence of online learning and emerging ed-tech platforms worldwide is expected to increase the market share in the forecasted period. The need for skilled software developers and the growing job market for web designers and developers is increasing the market demand. Growing number of partnerships and acquisitions between universities and coding boot camps is further expected to increase coding bootcamp market growth.
|Market size value in 2021||USD 772.04 million|
|Market size value in 2028||USD 2317.08 million|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Coding Bootcamp Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Coding Bootcamp Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Coding Bootcamp Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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