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Alternative Credentials Market Driver for Higher Education Sector
The widening skills gap is one of the key factors likely to influence the market growth positively. While a bachelor's degree has allowed students to access the job market, the increased competition has led to an increased demand for specific skills, which can prove employment-readiness. The alternative credentials serve this purpose by allowing students to acquire non-traditional skills keeping them abreast of other students. Thus, they help learners to stand out from the crowd and maintain continuous career readiness. For the recruiters, these credentials offer a way to verify student achievements and easily check for student suitability for particular jobs.
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Alternative Credentials Market Trend for Higher Education Sector
The rise in non-traditional offerings is a major alternative credentials market trend for higher education that is expected to have a positive impact in the coming years. The demand for non-traditional offerings has gained momentum and is becoming increasingly popular among learners. These offerings include credit as well as non-credit graduate and undergraduate certificate programs, training courses, continuing education units, and micro-credentialing. These programs are linked with an alternative credentialing system and are largely accessed and enrolled by students. These courses are available to students through channels that are different from channels providing traditional degrees.
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Alternative Credentials Market Competitive Landscape for Higher education section
The alternative credentials market for higher education is fragmented and the vendors are deploying growth strategies such as capitalizing on the growing trends of collaborative learning and social learning to introduce attractive features in their issuing platforms, along with consultancy and support to educators to compete in the market. The alternative credentials market for higher education forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Top Companies Covered in the Report are:
- 2U Inc.
- Cengage Learning Holdings II Inc.
- Coursera Inc.
- Credly Inc.
- Pearson Plc
- Simplilearn Solutions Pvt. Ltd.
- Strategic Education Inc.
- Udacity Inc.
- Udemy Inc.
- University of Michigan
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Related Reports:
Online Higher Education Market in US by Subjects and Courses - Forecast and Analysis 2022-2026
Microlearning Market by Component and Geography - Forecast and Analysis 2022-2026
Alternative Credentials Market Scope for Higher Education |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 17% |
Market growth 2021-2025 |
$ 1.40 billion |
Market structure |
Fragmented |
YoY growth (%) |
16.30 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 57% |
Key consumer countries |
US, Canada, UK, Germany, and China |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
2U Inc., Cengage Learning Holdings II Inc., Coursera Inc., Credly Inc., Pearson Plc, Simplilearn Solutions Pvt. Ltd., Strategic Education Inc., Udacity Inc., Udemy Inc., and University of Michigan |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Content
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
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 2020-2025
- Non-credit certificate programs - Market size and forecast 2020-2025
- Digital badges - Market size and forecast 2020-2025
- Competency-based education - Market size and forecast 2020-2025
- Boot camps - Market size and forecast 2020-2025
- Impact of COVID-19 pandemic and market recovery
- Market opportunity by Product
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- APAC - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 2U Inc.
- Cengage Learning Holdings II Inc.
- Coursera Inc.
- Credly Inc.
- Pearson Plc
- Simplilearn Solutions Pvt. Ltd.
- Strategic Education Inc.
- Udacity Inc.
- Udemy Inc.
- University of Michigan
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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
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SOURCE Technavio
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