MOOCs Emerging As The Future Learning Platform

The global social services market, a part of the social services industry, grew at a compound annual growth rate (CAGR) of around 6% during the historic period. The social services industry showed a steady growth. The growth is mainly due to the increasing demand for child care and educational services in both developed and developing countries, rapid urbanization, growing children population, new government initiatives, rising per capita income in emerging economies, globalization of educational services and increasing demand for educated workforce in emerging countries

In the forecast period, the global social services market size is expected to be over $4 trillion by 2021, growing at a CAGR of nearly 7%.

This is expected due to increasing government funding for developing nations, increasing number of women employees, utilization of technologies in child day care centers and increasing applications of digital learning platforms are expected to boost the market during the forecast period. Furthermore, rising population, increase in dispensable income, and increasing per capita incomes are expected to drive the global social services market in the future.

Find TBRC’s report on the social services market: https://www.thebusinessresearchcompany.com/report/social-services-global-market-report-2018

A huge range of courses are now available through Massive open online courses (MOOCs) for students globally. MOOCs offer students access to courses taught at some of the world’s top universities and colleges and allow individuals interested in similar topics to come and learn together.

Major companies in the social services market, offering MOOCs technology include Bill & Melinda Gates Foundation, World Food Programme, Unicef, University of California System, The Salvation Army, Feeding America, Bright Horizons Family Solutions, W.K. Kellogg Foundation Trust, University of Michigan, Food For Poor.

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Social Services Global Market Size

The global social services market was valued at around $3.2 trillion in 2017. Asia Pacific was the largest region in the social services market in 2017, accounting for around 43% market share. China was the largest country in the market in 2017, accounting for around 21% market share.

Social Services Global Market Trend

Child day care centers are leveraging technologies to allow parents stay connected with their children when they are away for work. Many daycare centers are using apps to provide video streaming of classroom activities and send pictures of kids to parents. This technology enables parents to monitor their child activities at the care center by accessing videos and pictures.

Social Services Global Market Segmentation

Social services market is segmented into Educational Services and Social Assistance.

Education Services segment includes organizations and establishments providing training and instructions in a wide variety of subjects. The instruction and training is typically provided in schools, colleges, universities, and training centers.

Social Assistance segment includes establishments that provide a wide range of social assistance services to their clients. It includes child day care services, community food housing and relief services, and individual and family services.

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