Global Alternative Credentials Market for Higher Education 2023-2027

Global Alternative Credentials Market for Higher Education 2023-2027

Technavio has been monitoring the alternative credentials market for higher education and it is poised to grow by $2275.05 mn during 2023-2027, accelerating at a CAGR of 17.8% during the forecast period. Our report on the alternative credentials market for higher education provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the widening skills gap, the inefficiency of traditional degree programs, and the availability of open educational resources.

Technavio's alternative credentials market for higher education is segmented as below:

By ProductNon-credit training coursesNon-credit certificate programsDigital badgesCompetency-based educationBoot campsBy Delivery ModeOnlineBlendedFace-to-faceBy Geographical LandscapeNorth AmericaEuropeAPACSouth AmericaMiddle East and AfricaThis study identifies the rise in non-traditional offerings as one of the prime reasons driving the alternative credentials market for higher education growth during the next few years. Also, the rising acceptance of digital badges and the growing prominence of alternative credentialing through m-learning will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the alternative credentials market for higher education covers the following areas:Alternative credentials market for higher education sizingAlternative credentials market for higher education forecastAlternative credentials market for higher education industry analysisTechnavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading alternative credentials market for higher education vendors that include 2U Inc., Bisk Ventures, Carroll Community College Foundation Inc., Cengage Learning Holdings II Inc., City and Guilds Group, Coursera Inc., Credly, Inc., New York State Education Department, NIIT Ltd, Northeastern University, Pearson Plc, Purdue University Global, Simplilearn Solutions Pvt. Ltd., Strategic Education Inc., Temple University, Udacity Inc., Udemy Inc, University of Michigan, University Professional and Continuing Education Association, and XuetangX. Also, the alternative credentials market for higher education analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.