According to a new report by Expert Market Research titled, “Coding Bootcamp Global Market Share, Size, Report and Forecast 2024-2032″, the global coding bootcamp market size reached a value of approximately USD 1,796.0 million in 2023. Aided by the growing demand for skilled programmers and the increasing significance of coding in various sectors, the market is projected to further grow at a CAGR of 17.2% between 2024 and 2032 to reach a value of USD 4,672.8 million by 2032.
The global coding bootcamp market growth is fuelled by an escalating demand for proficient programmers. As organisations across a wide array of sectors increasingly embrace digital technologies, the need for adept coding professionals has surged exponentially. This burgeoning demand has led to a dramatic spike in the popularity of coding bootcamps, which are seen as efficient and swift avenues to acquire and refine programming skills.
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Additionally, the heightened awareness regarding the lucrative career trajectories in the tech industry significantly contributes to the increasing enrolment in coding bootcamps. The robust prospects are drawing more individuals towards coding as a skill, thus catalysing the coding bootcamp market expansion.
Moreover, the evolution and diversification of coding bootcamps to cater to a broader range of needs and preferences play an instrumental role in coding bootcamp market development. A multitude of bootcamp providers now extend part-time and online courses, facilitating learning for working professionals and individuals grappling with time constraints. Such flexibility amplifies the allure of bootcamps, drawing in a wider demographic of learners.
Furthermore, the COVID-19 pandemic has triggered an acceleration in digital transformation across sectors, bolstering the demand for professionals versed in digital technologies, including coding. The sudden shift towards remote working and online business operations induced by the pandemic underscores the necessity for advanced tech skills, thereby boosting the coding bootcamp market demand.
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The market can be divided based on end user, programming language, employment type, and region.
Market Breakup by End User
• Individual Learners
• Institutional Learners
Market Breakup by Programming Language
Market Breakup by Employment Type
• Full-Time Employed
• Part Time Employed/Freelancers
Market Breakup by Region
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global coding bootcamp companies. Some of the major key players explored in the report by Expert Market Research are as follows:
• General Assembly Space, Inc.
• App Academy
• Bloomtech Inc.
• Flatiron School
• Galvanize, Inc.
• Fullstack Academy LLC
• Covalence, LLC
• HyperionDev (CoGrammar Ltd)
• Bottega Tech
• Thinkful, Inc.
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