According to Bersin by Deloitte, the corporate training market is worth $70 billion in the U.S. alone. And 44 percent of corporate trainers that Bersin surveyed say they are experimenting with MOOCs (massive open online courses).
People across the globe are recognizing the power of online learning to fuel their personal and professional lives at an unprecedented rate. The operators of these MOOCs — including edX, Coursera and Udemy — are tapping into this market with a cadre of courses aimed at executives. They are positioned as an alternative to business schools and customized corporate programs that are developed in collaboration with universities.
Last year (2014) was a year of unbelievable growth for the online learning marketplace. Udemy’s recent success is an indicator: the company showed a 213% student increase, the addition of 6,000 new instructors and a course library that more than doubled in size.
—Sources: Bersin by Deloitte, Udemy