Coding Bootcamp Market Size, Share, Growth Analysis, By Type of Learning(Individual Learning, Institutional Learning), By Mode of Delivery(Part-time, Full time), By Programming Language(Java, Python, Javascript, HTML & CSS), By Region - Industry Forecast 2024-2031

Coding Bootcamp Market Driver

• The rising prevalence of online learning and increased demand for skill development is likely to boost global coding bootcamp market

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.

• Increasing need for software developers and IT-professionals

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.

Coding Bootcamp Market Challenges

• The importance of degree courses is expected to pose a challenge to the 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.