Global Coding Bootcamp Market

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) - Industry Forecast 2024-2031

Report ID: SQMIG25R2016 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 90 | Figures: 76

Coding Bootcamp Market Dynamics

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.

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Coding Bootcamp Market size was valued at USD 399.91 million in 2019 and is poised to grow from USD 442.59 million in 2023 to USD 889.37 million by 2031, growing at a CAGR of 10.7% in the forecast period (2024-2031).

The 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. 'General Assembly', 'Flatiron School', 'Hack Reactor', 'App Academy', 'Springboard', 'Le Wagon', 'Ironhack', 'Thinkful', 'BrainStation', 'Fullstack Academy', 'Lambda School', 'Coding Dojo', 'Redwood Code Academy', 'Tech Elevator', 'CareerFoundry', 'Bloc', 'The Software Guild', 'Makers Academy', 'Galvanize', 'Code Institute'

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

Various Universities and boot camps have entered into collaborations and partnerships. Trilogy Education, which offers web development, data analytics and visualization, UX/UI design, and cybersecurity courses, hosted its boot camp in various universities including the University of Oregon, the University of Pennsylvania, and UCLA Extension.770 U.S., U.K., Canada, Australia, India and various other region universities entered into long-term public-private partnerships for academic programs.

North America is anticipated to dominate the 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.

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Global Coding Bootcamp Market

Product ID: SQMIG25R2016