With over 40 million students, and a set of specialist upskilling programmes (especially for businesses and governments), Udemy has become a leading virtual education provider for students and businesses alike.
They've been smart in spreading their short-courses across various sectors. In particular, capitalizing on the adult re-training stream may have helped them stay the course through the Covid-19 Pandemic. This is by no means a given, as competitors Udacity, Kano, and Lynda have recently faded out of sight or belt-tightened through re-structuring.
In late 2020 Udemy raised $50 million, taking their valuation to over $3 billion. They intend to continue global expansion, with suggestions they may branch out with acquisitions that complement their current course offerings. Udemy do not currently offer language learning, for example, and are unlikely to successfully compete with market-dominant language tools like DuoLingo. Such strategic growth could see them continue to lead an exciting and developing market.
Freddie
Company Specialist at Welcome to the Jungle
