Coding Bootcamp Market Scope

Global Coding Bootcamp Market Highlights Over 2023 - 2033

The global coding Bootcamp market is estimated to garner a revenue of ~USD 1 billion by the end of 2033 by growing at a CAGR of ~11% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of ~USD 440 million in the year 2022. A coding boot camp is a focused and rigorous training program teaching software development or web-development skillset to students over a fixed period. Here students are made job-ready through real-world training in skills.  The immense demand for programming skills for jobs is the primary factor that boosts the growth of the global coding Bootcamp market. For instance, it was projected that in the United States (U.S.) alone, there would be more than 9000 average annual openings for programmer jobs between 2021 and 2031.

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It has been estimated that as of 2020, ~38% of employers have job openings for full-stack developers. It has been observed that small companies are more ready to accommodate full-stack developers as big companies have a greater preference for specialists. Globally, JavaScript remained the most popular programming language skill among employers in 2020, with more than 53% demanding knowledge of the same while hiring developers.

Global Coding Bootcamp Market: Growth Drivers and Challenges

Growth Drivers

• Increased Demand for Technical Skills – It has been estimated that by 2019 more than 79% of companies need employees with technical skills. In 2019 ~58% of businesses anticipated facing a skill gap in 2020 and 2021, and more than 70% of them considered reskilling the existing workforce as a priority. Close to 65% of companies considered reskilling their employees through courses delivered outside the workplace, with mentoring (~63%), information social learning forums (~63%), and job-shadowing programs (~51%) being the most favorable reskilling media.

• Gradual Recognition of Coding Bootcamps By Employers – As of 2019, ~33% of employers had hired developers qualified through coding boot camps.

• Increased Scope of a Career in Web Development and Digital Designing – Only in the U.S., employment of digital designers and web developers has been projected to experience a growth of more than 20% between 2021 to 2031, with an average of more than 21,000 openings annually. 

• Significant Increase in Women’s Participation in Tech Workforce and Coding – Despite a global decline in women’s participation, the female representation in tech jobs as of 2022 is over 26%. Similarly, over 34% of graduates taking coding boot camps since its inception are women.

Challenges

• Increase in Formal Education on Computer Science

• Students Being Unfamiliar with Coding Bootcamps

• Majority of Employers Choosing Degree Holders Over Bootcamp Qualified Students

The global coding bootcamp market is segmented and analyzed for demand and supply by mode of delivery into part-time bootcamp and full-time bootcamp. Between these, the part-time boot camp is anticipated to hold the largest market size by the end of 2033. Several factors, including the flexibility that these part-time boot camps allow for learners with other commitments, the lost cost, and the high preference for pre-recorded video lectures, affect the market growth in this segment positively. For instance, more than 80% of learners choose to gather instructional content and information from video when compared to audio or text.

Global Coding Bootcamp Market Regional Synopsis

Regionally, the global coding bootcamp market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these, the market in the North American region is projected to hold the largest market share by the end of 2033. The recognition of the skill gap by employees themselves and the popularity coding has among students are the main factors propelling the coding Bootcamp market growth in the region. In the American workspace, more than 54% of workers feel that they are not being able to progress career-wise for their lack of technical knowledge. Only in the U.S., ~46% of students acknowledged learning to code or being familiar with coding skills. Better job opportunities (~75%) and higher salaries (~67%) are the major drivers for the coding Bootcamp market in North America.

Market Segmentation

Our in-depth analysis of the global coding Bootcamp market includes the following segments:

Key Companies Dominating the Global Coding Bootcamp Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global coding Bootcamp market that are included in our report are 4Geeks Academy LLC, App Academy, LLC (Hash Map Labs Inc.), General Assembly, Hack Reactor (Galvanize, Inc.), Barcelona Code School, ACADEMIA DE CÓDIGO, Flatiron School, Makers Academy, Fullstack Academy, LLC., Hackwagon Academy PTE LTD, Skillcrush, Inc., and others.

Global Coding Bootcamp Market: Latest Developments

• April, 2022: General Assembly, Hack Reactor (Galvanize, Inc.) – a pioneer in the educational boot camp model announced making a significant pivot by shifting its focus to virtual learning and a global student network.

• October, 2021: Flatiron School – announced collaborating with Amazon to provide upskilling and educational opportunities to 300,000 employees in the U.S. by developing courses offered through Amazon’s popular Career Choice program.

Key Reasons to Buy Our Report

• The report covers a detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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