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 Insights

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).

It is estimated that by 2031 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.

US Coding Bootcamp Market is poised to grow at a sustainable CAGR for the next forcast year.

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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

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