LONDON–(BUSINESS WIRE)–Technavio has been monitoring the alternative credentials market for higher education and it is poised to grow by $ 1.18 bn during 2020-2024, progressing at a CAGR of over 17% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Cengage Learning Holdings II Inc., Coursera Inc., Credly Inc., NIIT Ltd., Pearson Plc, Simplilearn Solutions Pvt. Ltd., Strategic Education Inc., Udacity Inc., Udemy Inc., and the University of Michigan are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Widening skills gap has been instrumental in driving the growth of the market. However, threat from traditional degree program providers might hamper the market growth.
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Alternative Credentials Market for Higher Education 2020-2024: Segmentation
Alternative Credentials Market for Higher Education is segmented as below:
- Non-credit Training Courses
- Non-credit Certificate Programs
- Digital Badges
- Competency-based Education
- North America
- South America
Alternative Credentials Market for Higher Education 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The alternative credentials market for higher education report covers the following areas:
- Alternative Credentials Market for Higher Education Size
- Alternative Credentials Market for Higher Education Trends
- Alternative Credentials Market for Higher Education Industry Analysis
This study identifies the inefficiency of traditional degree programs as one of the prime reasons driving the growth of alternative credentials market for higher education growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Alternative Credentials Market for Higher Education 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist the growth of the alternative credentials market for higher education during the next five years
- Estimation of the size of the alternative credentials market for higher education and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the alternative credentials market for higher education
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of vendors in alternative credentials market for higher education
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Non-credit training courses – Market size and forecast 2019-2024
- Non-credit certificate programs – Market size and forecast 2019-2024
- Digital badges – Market size and forecast 2019-2024
- Competency-based education – Market size and forecast 2019-2024
- Bootcamps – Market size and forecast 2019-2024
- Market opportunity by Product
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Impact of COVID-19 pandemic on the market
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Cengage Learning Holdings II Inc.
- Coursera Inc.
- Credly Inc.
- NIIT Ltd.
- Pearson Plc
- Simplilearn Solutions Pvt. Ltd.
- Strategic Education Inc.
- Udacity Inc.
- Udemy Inc.
- University of Michigan
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.