What Fueled The Previous Growth In The Coding Bootcamp Market?
The coding bootcamp market has seen considerable growth due to a variety of factors.
• The market for coding bootcamps has been expanding quickly over the years. The market value is projected to increase from $3.58 billion in 2024 to $4.13 billion in 2025, with a compound annual growth rate (CAGR) of 15.4%.
The marked escalation during the historical period can be traced back to the simultaneous growth in the tech sector, an escalating demand for developers, swift digital transformation, augmented necessity for full-stack developers, and increased availability of learning resources.
What Is The Expected Growth In The Coding Bootcamp Market in the Coming Years?
The coding bootcamp market is expected to maintain its strong growth trajectory in upcoming years.
• Over the coming years, the coding bootcamp market is predicted to experience significant expansion, reaching $7.26 billion by 2029 with a compound annual growth rate (CAGR) of 15.1%.
This growth during the forecast period may be due to various factors such as the increasing demand in less developed nations, the expansion of the gig economy, rising popularity of freelance work, growing implementation of adaptive learning, and the ever-increasing need for cybersecurity training. Key trends expected to evolve throughout this period are the inclusion of soft skills in coding bootcamps, the use of virtual reality to maximize learning, improvements in decentralized learning platforms, the rise of the pay-per-skill model, and collaborations between enterprises for employee skill enhancement.
Which Factors Are Boosting Growth In The Coding Bootcamp Market?
The increased need for proficient coders is projected to spur the evolution of the coding bootcamp market. Proficient coders are experts who can write, test, and optimize code in various programming languages to efficiently develop software, apps, and systems. Factors such as digital transformation, the advent of new technologies, automation, the needs for cybersecurity, and the spread of remote work and international tech ecosystems have driven a higher demand for proficient coders. Coding bootcamps play a vital role in meeting this increasing demand, providing intense training focused on industry needs that give individuals practical coding skills and help fill important skill gaps in the tech sector. For example, the Bureau of Labor Statistics (BLS), a US government agency, forecasted in August 2024 that employment for software developers, quality assurance analysts, and testers would increase by 17% from 2023 to 2033, a growth rate significantly outpacing the average for all job types. As a result, the burgeoning need for proficient coders is fueling the growth of the coding bootcamp market.
What Are The Primary Segments In The Global Coding Bootcamp Market?
The coding bootcamp market covered in this report is segmented –
1) By Course Type: Full Stack Development, Data Science, Web Development, Mobile Development
2) By Learning Platform: Offline, Online, Hybrid
3) By Target Audience: Beginners, Career Changers, Professionals
4) By End User: Individual Learners, Institutional Learners
Subsegments:
1) By Full Stack Development: Front-End Development, Back-End Development, DevOps and Cloud Computing, Database Management
2) By Data Science: Machine Learning, Artificial Intelligence, Data Analysis and Visualization, Big Data
3) By Web Development: Front-End Development, Back-End Development, Full Stack Web Development, UI/UX Design
4) By Mobile Development: iOS Development, Android Development, Cross-Platform Development, Mobile App Design
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Which Key Trends Are Driving Changes In The Coding Bootcamp Market?
Major companies operating in the coding bootcamp market are focusing on technological advancements such as artificial intelligence bootcamps to enhance learning experiences, provide personalized education, and meet the growing demand for AI and machine learning skills. An artificial intelligence bootcamp is an intensive, short-term training program designed to equip learners with practical artificial intelligence, machine learning, and data science skills through hands-on projects and industry-relevant curriculum. For instance, in September 2023, Springboard, a US-based online education platform, launched a machine learning engineering and AI bootcamp for university partners. It features flexible online learning, hands-on projects, one-on-one mentorship, career coaching, and a job guarantee, ensuring students gain industry-relevant artificial intelligence and machine learning skills for high-demand tech roles. The bootcamp integrates artificial intelligence content and dives into advanced topics such as large language models and generative artificial intelligence, with which students gain proficiency in popular frameworks and tools such as TensorFlow, Scikit-Learn, and AWS.
Who Are the Key Players In The Coding Bootcamp Market?
Major companies operating in the coding bootcamp market are:
• Simplilearn Solutions
• Le Wagon Inc.
• CareerFoundry GmbH
• Great Learning Education Services Private Limited
• Galvanize
• Flatiron School
• HyperionDev
• App Academy
• Tech Elevator
• Turing School of Software and Design
• Launch Academy
• Bloc
• Codesmith
• Byte Academy
• Clarusway
• Codaisseur Academy
• Code Fellows
• CourseCareers
• DigitalCrafts Atlanta
• Hack Reactor
• Nucamp Inc.
• SheCodes
• General Assembly.
What Is The Most Dominant Region In The Coding Bootcamp Market?
North America was the largest region in the coding bootcamp market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the coding bootcamp market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
