Coding is no longer just a skill for computer scientists or IT professionals. It is becoming a vital literacy for everyone in the digital age. Coding education is a booming industry that offers many benefits for both learners and educators. Coding franchises are a type of business model that allows entrepreneurs to leverage a coding company’s brand, products, and services to provide coding education and services in their local markets.
But what does the future hold for coding franchises? What are the trends and opportunities that investors should watch out for? In this article, we will explore some of the key factors that will shape the coding franchise industry in 2023 and beyond.
Coding is not only a valuable skill for career development, but also a creative tool for personal expression, problem-solving, and innovation. According to Forbes, India made coding mandatory for all students of 6th grade and above in 2020, following countries like Estonia, Finland, and Australia. More countries are expected to follow suit as coding becomes an essential part of education.
This means that there is a huge demand for coding education across different age groups, backgrounds, interests, and goals. Coding franchises can tap into this demand by offering diverse and inclusive programs that cater to various learning needs and preferences. For example, some coding franchises offer courses on game development, web design, robotics, artificial intelligence, data science, cybersecurity, etc.
Coding is not only a skill to learn but also a service to offer. Many businesses and organizations need coding solutions to improve their operations, products, or services. However, hiring full-time coders can be costly or impractical for some projects or tasks.
This creates an opportunity for coding franchises to provide coding as a service (CaaS) to their clients. CaaS is a model where coders work on specific projects or tasks on-demand without being employed by the client. This way, clients can save time and money while getting quality work done.
Coding franchises can leverage their network of skilled coders to offer CaaS as an additional revenue stream. They can also use CaaS as a way to showcase their expertise and reputation in the market.
One of the biggest trends in programming for the next decade is using machine learning and artificial intelligence (AI) to automate much of coding. Low-code/no-code platforms are tools that allow users to create applications or websites without writing code or with minimal code.
Low-code/no-code platforms are becoming more popular as they enable anyone to build digital solutions quickly and easily without requiring technical skills or knowledge. They also allow coders to focus on more complex or creative aspects of programming while letting AI handle mundane or repetitive tasks.
Coding franchises can benefit from low-code/no-code platforms by integrating them into their curriculum or services. They can use them as teaching tools to introduce beginners to coding concepts or as productivity tools to speed up development processes.
The coding franchise industry is poised for growth as more people realize the importance of coding in today’s world. According to Global Franchise, franchising is expected to grow by 3.5% by the end of 2021 in the U.S., driven by demand from employers and consumers.
Investing in a coding franchise can be a wise decision for entrepreneurs who want to enter a lucrative market with high potential returns. However, not all coding franchises are created equal. Investors should look for certain qualities when choosing a coding franchise partner:
Coding is not just a skill, but a mindset that can empower anyone to create, innovate, and solve problems. Coding franchises are a great way to provide coding education and services to people who want to learn or use coding for various purposes.
However, coding is also a dynamic and evolving field that requires constant adaptation and innovation. Coding franchises need to stay on top of the latest trends and opportunities in order to remain competitive and relevant.
Investors who are interested in joining the coding franchise industry should look for partners who have a proven track record, a strong brand recognition, a comprehensive support system, a flexible business model, and a competitive edge.
Coding education is not only beneficial for individuals, but also for society as a whole. According to Code.org, nearly one-third of all U.S. students are learning computer science through their curriculum. This can help prepare them for future careers that require coding skills or knowledge.
Moreover, coding education can also foster creativity, critical thinking, collaboration, and communication skills that are essential for any field or endeavor. As Sylvain Kalache, co-founder of Holberton School of Software Engineering said: “Coding is important because it’s all around us…it’s also launching rockets in space or controlling our fridge.”
Coding franchises can play an important role in spreading coding literacy and culture across different communities and regions. They can also create positive social impact by providing access and opportunity to underrepresented groups such as women, minorities, low-income families, etc.
The future of coding franchises is bright and promising. Investors who want to be part of this exciting industry should act fast and smart before it’s too late.
Source: VF Franchise Consulting
