NEW
YORK, June 19, 2024 /PRNewswire/ -- The
global alternative non credential courses market size is
estimated to grow by USD 15376.6 mn
from 2024-2028, according to Technavio. The market is estimated to
grow at a CAGR of 23.31% during the forecast period.
Growing prominence of alternative non credentialing through
m-learning is driving market growth, with a trend
towards rapid penetration of internet-enabled devices.
However, inadequate cybersecurity measures poses a
challenge. Key market players include Blue
Mountain Community College, Boston
University, Colorado State
University, Columbia University,
Elmira College, Harvard University, Michigan
Technological University, Montgomery
College, New York Institute of Finance Inc., New York University, Southern
New Hampshire University, Stanford
University, Temple University,
Tennessee Tech, University of Arkansas, University of Cape Town, University of
Illinois, University of
Pennsylvania, University of Southern
Indiana, University System of New
Hampshire, Wake Technical Community College, and
Yale University.
![Technavio has announced its latest market research report titled Global alternative non credential courses market 2024-2028 Technavio has announced its latest market research report titled Global alternative non credential courses market 2024-2028](https://mma.prnewswire.com/media/2441568/IRTNTR75088_bw_info_v4.jpg)
Get a detailed analysis on regions, market segments, customer
landscape, and companies- View the snapshot of this report
Alternative Non
Credential Courses Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
23.31%
|
Market growth
2024-2028
|
USD 15376.6
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
18.59
|
Regional
analysis
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
North America at
58%
|
Key
countries
|
US, China, Germany, UK,
and India
|
Key companies
profiled
|
Blue Mountain Community
College, Boston University, Colorado State University, Columbia
University, Elmira College, Harvard University, Michigan
Technological University, Montgomery College, New York Institute of
Finance Inc., New York University, Southern New Hampshire
University, Stanford University, Temple University, Tennessee Tech,
University of Arkansas, University of Cape Town, University of
Illinois, University of Pennsylvania, University of Southern
Indiana, University System of New Hampshire, Wake Technical
Community College, and Yale University
|
Market Driver
The global alternative non-credential courses market has
experienced significant growth due to the increasing number of
mobile internet subscriptions, reaching 8.9 billion in 2022.
Smartphones and tablets have become essential tools for customized
learning, leading to a shift from traditional textbooks to online
content. Educational institutions encourage students to bring their
digital devices, and vendors assist in enhancing digital library
systems through cloud computing. The adoption of smartphones as a
preferred platform for educational content is expected to continue
boosting market growth, particularly in emerging economies like
China and India.
The alternative non-credential courses market is experiencing
significant growth, with businesses embracing continuous learning
and upskilling. Key areas of focus include blockchain, data
analytics, digital marketing, and programming. Microlearning and
self-paced courses are trending, providing flexibility for
learners. Companies are also investing in employee training through
platforms offering affordable, industry-relevant courses. The use
of video content and interactive modules enhances the learning
experience. The shift towards remote work has further accelerated
the demand for online courses. Overall, the market is dynamic and
evolving, offering numerous opportunities for professionals seeking
to acquire new skills and advance their careers.
Research report provides comprehensive data on impact of trend.
For more details- Download a Sample Report
Market Challenges
- The global alternative non-credential courses market faces
challenges due to cybersecurity concerns in the education sector.
With the rise of digital tools, secure registration using personal
information and payment details is necessary. Cybersecurity
threats, such as malware viruses and unauthorized access, have
increased due to the digitization of education. Valuable user and
organizational data, lack of centralized data storage, and
unregulated use of personal devices contribute to vulnerability.
These factors may impede market growth during the forecast
period.
- The alternative non-credential courses market faces several
challenges. Skills like data analysis, blockchain technology, and
digital marketing are in high demand, but finding qualified
professionals can be difficult. Traditional education methods may
not keep pace with industry advancements. Additionally, some
companies prefer candidates with practical experience over formal
education. To address these challenges, companies collaborate with
educational institutions and technology providers to create
training programs that focus on hands-on skills and real-world
applications. These collaborations result in certificates or badges
that validate the learner's competencies, making them attractive to
employers. However, the sheer number of available courses and the
lack of standardization can make it difficult for learners to
choose the right one. Therefore, it's essential to research and
evaluate the quality of the course provider and the relevance of
the skills being taught.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This alternative non credential courses market report
extensively covers market segmentation by
- Type
- 1.1 Non-institutional
- 1.2 Institutional
- Geography
- 2.1 North America
- 2.2 Europe
- 2.3 APAC
- 2.4 South America
- 2.5 Middle East and
Africa
1.1 Non-institutional- The alternative
non-credential market is thriving due to the increasing acceptance
of non-traditional forms of credentials, such as MOOC-verified
certificates and digital badges. Providers like MOOCs offer
reliable learning content from top professors, contributing to
career and educational goals. The expanding subscriber base is
driven by the rising number of MOOCs and free content development
by professionals. This segment's growth in regions with a high
number of MOOCs is expected during the forecast period.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Alternative Non-Credential Courses market encompasses
various forms of m-learning, including open educational resources,
delivered through virtual schools and internet-enabled devices.
These non-traditional courses offer digital badges and
micro-credentials as alternatives to traditional degrees.
Publishers play a crucial role in creating and promoting these
courses, which often focus on skill acquisition through workshops,
bootcamps, and industry certifications. Employers increasingly
value practical skills demonstrated through these microcredentials
and certificates, which can be showcased on online learning
platforms and e-portfolios. Blockchain technology ensures the
security and authenticity of these digital credentials, enhancing
their value in skills-based hiring and talent development. Industry
associations also contribute to the development and recognition of
these skills, fostering workforce readiness and industry
certifications.
Market Research Overview
The Alternative Non-Credential Courses market refers to
educational programs that do not require traditional academic
credentials for enrollment. These courses cater to individuals
seeking professional development, skill acquisition, or career
advancement in various industries. The market encompasses a wide
range of offerings, including online courses, workshops, bootcamps,
and certifications. These programs often focus on practical,
hands-on learning and are designed to equip learners with in-demand
skills in areas such as technology, business, creativity, and
personal development. The flexibility and affordability of these
courses make them an attractive option for individuals looking to
upskill or reskill without the commitment of a traditional degree
program.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Type
-
- Non-institutional
- Institutional
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses 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.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio