Brent: The coding bootcamp industry has been on shaky ground for more than a year. But it wasn’t until recently that the impacts of an over-saturated market and increasing skepticism proved too much for some of the industries best-known brands.
Today, The Iron Yard announced on its web pages that it is shutting down after its current round of students graduate and get post-grad career assistance. In March, the coding school announced it would shut down in San Antonio, Columbia, South Carolina; Cincinnati; and Minneapolis-St. Paul.
And, just last week, Dev Bootcamp announced it is closing down — also after current students complete their curriculum and get career help.
But before anyone declares the death of vocational tech education, consider the wild growth of the industry in recent years. A study by Course Report says coding schools are a $266M industry. GeekWire also reported on a 2017 Coding Bootcamp Market Size Study that coding school grads are poised to reach 22.8K this year. In 2016, it was 15K. And that’s 10X the number of students graduating in 2012.
And several coding schools remain in Austin, including Galvanize, General Assembly and Hack Reactor. Austin’s tech scene remains hungry to hire people with unique skills. So, whatever the future may hold for coding schools, it’s likely the strongest programs in the industry will continue to evolve, not fade away.