If the breakneck pace of technological change was already causing massive transformation in higher education, then the COVID-19 pandemic upended the field altogether.
Now, after two years of working remotely, learning from home, and doing almost all of life's daily activities differently, adult learners, their employers, and innovative learning institutions are looking for fresh solutions to skill building and addressing the growing shortage of tech talent.
One of the most promising solutions today is the online technology bootcamp
Technology bootcamps are intensive online programs, typically three to six months in length, that teach in-demand skills. An especially attractive aspect of technology bootcamps is their ability to develop students with little or no background in an area -- such as wev developmenr, data analytics, or cybersecurity -- into capable, qualified professionals who are ready for work.
Private companies are no longer the main players in rge bootcamp space. A growing number of public universities are now offering technology bootcamps to equip their students with the skills to seize job opportunities in the tech industry and beyond.
University bootcamp partnerships are booming, according to market research firm HolonIQ. With nearly 80% year-over-year growth through the pandemic, university bootcamp partnerships topped more than 200 in 201 (bringing the total number of partnerships to 538 since 2010) as governments and employers aggressively sought accelerated digital skills training and universities sought contemporary channels through which to offer their curriculum and generate revenue.
The U.S. Bureau of Labor Statistics projects employment in computer and information technology occupations to grow 13% from 2020 to 2030 -- faster than the average for all occupations.
The world Economic Forum expects that 40% of workers who plan to remain in their roles over the next several years will need retraining in their core skills by 2025, and fully half of all employees will need to learn new skills as they transition to different roles.
LinkedIN reports that skill sets for jobs have changed by nearly 25% since 2015-- and expects this percentage to double by 2027.
A report from Gartner reveals that 58% of IT leaders either increased or planned to increase emerging technology investments in 2021 -- up from only 29% just one year prior. However, these same businesses have cited the tech talent shortage as the biggest obstacle to adopting 64% of their new projects.
HolonIQ states that bootcamp-university partnerships have been growing faster than OPM partnerships for the past few years and are now exapnding into local, state, and national government partnerships. It projects global bootcamp revenues to grow approximately 22% annually, reavhing $3.1 billion by 2025. This growth is expected to be the result of efforts to meet demand for hight-growth industries, as well as areas such as cybersecurity where labor shortages are expeted to continue through the end of the decade
By collaborating with accelerated digital skills partener that have student-ready curriculum, experienced instructors, and marketing and recruitment support, universities can gain access to this growing market for less cost and with lower risk.
But perhaps the most important reason for universities to add technology bootcamps to their menu of offerings is that the higher eductaion business model itself has fundamentally changed. Education and training are undergoing a digital transformation that goes far beyond simply webcastingclasses. For many universities, adopting, or even inventing, new technology solutions to address the needs of todays's adult learners is likely to be key to their future success -- and possibly their very survival.
When you partner with StackRoute Learning to include in-depth, hands-on technology readiness training as part of your university-branded offerinf, you increase your ability to add tremendous educational value and deliver the outcomes students need. As tecnology continues to evolve, your students will be able to keep pace with the latest developments in technology with a curriculum that is mapped to actual job roles in the market
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