udemy market research programming language by udemology
TRANSCRIPT
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Udemology
The science of Udemy
Market Research
Report: Programming
Language
By: www.udemology.com
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A
M
About Udemology
Udemology.com provides
facts, figures and reports
about Udemy. All this
information is intended to
help out course instructors
to succeed and supporting
the Udemy Community.
Market Research
This market research will
provide any course instructor
information about the
Programming Language
category. Are you planning
to make a course in this
category? Please read on!
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Why Should You Do Market
Research?
Perhaps you are just wondering why you
should even bother to do this.
The goal of market research is giving insight
in your market. You want to validate that
the “product” or “course” you produce will
sell. If you discover during your research
that this will not succeed, well than look for
another topic.
In this research we at Udemology will give
our personal opinion. You do not have to
agree it, but we will make sure you
understand what we are doing during this
research!
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The questions we will analyze
In the market research we will give you
answer on the following questions:
1.How many courses are available in this
market?
2.How many competitors are in this
market?
3.What is the average price for a course?
4.How many students bought a course?
5.How many students does a course have
on average?
6.Who is the largest competitor?
7.What would be my earning potential if l
will create a course in this segment?
And finally the Udemology conclusion! Is
this a market to get in too YES or NO?
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1. How many courses are
available in this market?
Many people see competition as a curse. In
reality competition is a healthy sign of
capitalism. Competition is a sign that the
market you are in is financially healthy.
More courses equals to more money that
can be made.
How many courses in this category? In total
340 courses are available in the market.
That is a great deal of courses.
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2. How many competitors are
in this market?
The Web Development market in Udemy
has 216 competitors. You might already
notice that many competitors are offering
more than one course. In total there are
340 courses, and 216 competitors offering
courses.
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3. What is the average price
per course?
In the Programming Language market of
Udemy there are prices ranging from $0 all
up to $598. The price difference is average,
but on average the price for a course is $88.
That is a quite high price.
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4. How many students bought
a course?
In total 1,453,686 students have enrolled.
That is a large amount.
Please note that we did not extract the
total free courses that students followed.
The amount of free students is quite huge
in this market.
Over 211,181 students enrolled for a free
course. That is 14,5% of the entire market
that follows a free course (211,181/
1,453,686 x 100%). Only 1,242,505 students
enrolled for a paid course.
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5. How many students does a
course have on average?
You already start to realize the market size
is quite large. Now we will measure the
average per course.
The easy way is to divide the amount of
students by amount of course. That is 4276
students (=1,453,686 / 340). On average a
course receive 4276 students.
Please note that in that calculation we
included the free students. Want to know
how much the paying student is?
That is 4101 paying students (=1,242,505 /
340 – 37 free courses). That is a decent
amount of paying students. We reduced
the 340 courses to 303 because 37 courses
were free.
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6. Who is the largest
competitor?
In this part we will analyze our biggest
competitor in Web Development. We
measure that based on the amount of
students per competitor. Well here you
have the top 3:
This is the preview version of the
Udemology Market Research.
The full Market Research Report is available
on the Udemy Course:
Get the course now!
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Nicky Wong
Nicky Wong is the creator of
Udemology. A true Data
Analyst.
© All right reserved by Nicky Wong