Product ID: SQMIG25R2016
Global 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
Global 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.
Global Coding Bootcamp Market Report Snapshots
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