State of the Coding Bootcamp Market Report 2020
- Market size. In 2019, 33,959 students attended one of the 105 coding bootcamps studied in this market analysis, representing a 4.38% growth since 2018. In 2020, we expect the bootcamp sector to grow to an estimated 35,446 students.
- Revenue. Tuition revenue in 2019 was approximately $460,733,000, a 4.81% increase from $439,581,000 in 2018.
- Bootcamp costs and financing. The average in-person bootcamp cost $13,293 in the US in 2019. The most expensive full-time programs charged over $20,000 in tuition.
- Online bootcamps. In 2019, 6,995 students graduated from an online coding bootcamp, a 31.44% increase since 2018. The average tuition for these courses was $14,623.
- Income Share Agreements (ISAs). In 2019, 27 US bootcamps offered ISAs to their students. The average terms were a 38-month term (length), $42,476 minimum income threshold, 13.8% income-share percentage, and a $32,754 payment cap.
- Bootcamp graduate locations. The top five metropolitan areas in 2019 in terms of how many bootcamp grads are employed in each city were New York City (46 bootcamps), San Francisco (33 bootcamps), Los Angeles (21 bootcamps), Seattle (18 bootcamps), and Washington, D.C. (16 bootcamps).
- Top employers. The five top companies who have hired the most bootcamp graduates as of 2019 were Google, Microsoft, Amazon, Facebook, and JPMorgan Chase & Co.
- Largest bootcamps. The ten largest bootcamps in terms of the total size of their student body in 2019 were General Assembly, Hack Reactor / Galvanize, Flatiron School, Ironhack, Bloc, Lambda School, App Academy, Springboard, Thinkful, and Fullstack Academy.
- Largest acquisitions. The top three acquisitions in the bootcamp sector in 2019 were 2U’s acquisition of Trilogy Education Services ($750 million), Chegg’s acquisition of Thinkful ($80 million+), and Bridgepoint Education’s acquisition of Fullstack Academy ($17.5 million + 2.5 million shares).