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Global Alternative Credentials Market for Higher Education by Product, Delivery mode, and Geography - Forecast and Analysis 2023-2027

  • Published: Dec 2022
  • Pages: 177
  • SKU: IRTNTR43906
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The alternative credentials market for the higher education market is estimated to grow at a CAGR of 17.8% between 2022 and 2027. The size of the market is forecast to increase by USD 2,275.05 million. The growth of the market depends on serval factors, including the widening skills gap, the inefficiency of traditional degree programs, and the availability of open educational resources. 

This report extensively covers market segmentation by product (non-credit training courses, non-credit certificate programs, digital badges, competency-based education, and boot camps), delivery mode (online, blended, and face-to-face), and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Alternative Credentials Market For Higher Education Market During the Forecast Period?

Alternative Credentials Market for Higher Education Market Size

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Parent Market Analysis

Technavio categorizes the global alternative credentials market for higher education as a part of the global education services market. The parent market, the global education services market, covers products, services, and solutions that are offered to educational institutions, corporate institutions, students, parents, individuals, and teachers. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Alternative Credentials Market For Higher Education Market: Key Drivers, Trends, Challenges, and Customer Landscape

The widening skills gap is notably driving the market growth, although factors such as threats from the traditional degree program providers may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Alternative Credentials Market For Higher Education Market Driver

The widening skills gap is notably driving the alternative credentials market for higher education market growth. The employment market is facing a disparity in demand and supply in terms of skilled employees, as reported by companies. They opine that to fill any position in the company, they invite a large number of students, out of which few of them are able to qualify. This highlights the appalling scenario prevalent in the job market, as there are numerous graduate and post-graduate degree holders. However, only a few are employable.

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 and keeping them abreast of other students. Thus, they help learners to stand out from the crowd and maintain continuous career readiness. For recruiters, these credentials offer a way to verify student achievements and easily check for student suitability for particular jobs. In this way, it creates a win-win situation for both students and organizations to address employee recruitment-related issues to a certain extent. Hence, this factor is driving the adoption of alternative credentials by higher education institutions globally.

Significant Alternative Credentials Market For Higher Education Market Trend

The rise in non-traditional offerings is a major trend in the alternative credentials market for the higher education market. 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. The providers of these courses include baccalaureate colleges, universities, community colleges, and doctorate-granting universities, which operate in both public and private domains.

These courses are available to students through channels that are different from channels providing traditional degrees. As a result, it is easy for providers to create non-credit programs at a much faster pace in comparison with traditional degree programs, as the process does not require following regulatory mandates. These courses can be swiftly launched in tandem with any introduction of new technologies and the evolving needs of employers. In addition, with the rise in the popularity of non-credit non-traditional offerings, they have appeared to be a significant revenue-generating source for their providers. Thus, this factor will lead to enhanced growth of the market during the forecast period.

Major Alternative Credentials Market For Higher Education Market  Challenge

Threat from traditional degree program providers is a major challenge impeding the alternative credentials market for the higher education market growth. The market for these credential courses is still unstable, with the growing nexus of education service providers and institutions that offer hybrid programs and courses. These alternative credentials have appeared as a suitable alternative to full-time, fixed-time duration, on-campus, and expensive traditional programs. The option for the students to carry out only those courses that they deem important or adequate to enter the job market has also helped in managing their budget and expenses.

However, despite these advantages, this market faces an inherent threat from the formal education segment comprising traditional degree programs. Evolving learning methodologies and digitization of the overall learning process are helping universities to enhance the quality of course offerings. Also, the evolved learning landscape has reduced the rigidity of teaching and assessment methodologies. As a result, universities and colleges are able to groom graduates as per the specific industry's employers' requirements. These developments can gradually reduce the dependency on alternative credentials as traditional degree programs will begin to provide the same services as part of conventional course offerings. Such factors are estimated to hamper the focused market growth. 

Key Alternative Credentials Market For Higher Education Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Alternative Credentials Market for Higher Education Market Share by Geography

Global Alternative Credentials Market for Higher Education Market Customer Landscape

Who are the Major Alternative Credentials Market for Higher Education Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Coursera Inc. - The company operates under multiple segments including consumer, and degree among others, with a high focus on the consumer. The company under this segment?offers certifications for single courses, specializations, and catalog-wide subscriptions. The company's key offerings include alternative credentials with developing expertise in the chosen field of study. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • 2U Inc.
  • Bisk Ventures
  • Carroll Community College Foundation Inc.
  • Cengage Learning Holdings II Inc.
  • City and Guilds Group
  • 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.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Alternative Credentials Market For Higher Education Market?

The market share growth by the non-credit training courses segment will be significant during the forecast period. Students are increasingly required to attain a certain level of expertise in the latest tools and technologies prior to being recruited by any organization. Companies are looking for students who can be readily recruited into workplaces with minimal training requirements. Taking the industry needs into consideration, providers of non-credit training courses have come ahead to help students build their hands-on skills through short-term courses.

Alternative Credentials Market for Higher Education Market Size

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The non-credit training courses segment shows a gradual increase in the market share of USD 279.20 million in 2017 and continued to grow until 2021These courses can be availed through both online and offline mediums. Participants receive a certificate upon completion while passing open or more assessment tests by a standard-setting organization or third party. These courses are usually facilitated with the help of a mentor that guides learners' course materials coupled with learning activities to impart the technical know-how of any job. Several vendors in the global alternative credentials market for higher education offer a variety of non-credit training courses for professionals looking to become certified in certain specialty areas, fulfill career goals, or stay at the forefront of their respective industry trends. Such professional non-credit training courses help learners to gain competitive advantages over experienced employees in organizations. Therefore, the abovementioned factors are likely to propel the growth of the segment during the forecast period.

Which are the Key Regions for the Alternative Credentials Market For Higher Education Market?

Alternative Credentials Market for Higher Education Market Share by Geography

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North America is estimated to contribute 56% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

The higher education institutions in this region are largely experimenting with numerous ed-tech products and services. These institutes are emphasizing introducing new forms of teaching and learning in the wake of online platforms penetrating the education industry in North America. Numerous universities and colleges are focused on incorporating products and tools that can enhance the quality of education. In this direction, they are procuring solutions from various ed-tech companies and other education service-providing companies. Deployment of ed-tech products and solutions will not lead to improvements in education quality. Realizing this, institutions are accompanying such deployment with learning and assessment changes. This can be reflected in the large-scale adoption of experiential learning, flipped classrooms, blended learning, and active learning in classrooms. All these steps are taken to make learning more student-centric, where students have the flexibility to choose their own methods and pace of learning.

The focus of educational institutions toward personalizing the learning process for students in higher education by analyzing their individual learning patterns and career goals is gaining momentum in North America. In addition to this, many schools and colleges have entered into strategic partnerships with ed-tech companies that provide alternative credentials to learners. The University of Michigan and Coursera Inc. are among such key vendors in skill-based alternative credential courses. In this way, they are trying to capture that part of the student population that is interested in enhancing its skills and knowledge in technology, which is directly aligned with the industry's needs. Further, because of the availability of a strong ICT infrastructure, institutions are in a better position to exploit online platforms for introducing innovative learning options. Hence, it is expected that during the forecast period, the market will continue to grow at a rapid pace.

In 2020, the adoption of curriculum-based alternative credential courses in North America was high among higher educational institutes and individual learners. This helped the market to grow at a rapid pace in 2021 as well as in 2022. During the COVID-19 pandemic, vendors operating in the overall alternative credentials market for higher education in the US witnessed extensive competition from vendors offering free digital education publishing services for almost all subjects. Therefore, it is estimated that such factors will accelerate the focused market growth during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Product (Non-credit training courses, Non-credit certificate programs, Digital badges, Competency-based education, and Boot camps), Delivery Mode (Online, Blended, and Face to face), and Geography (North America, Europe, APAC, South America, and Middle East and Africa).

  • Product Outlook (USD Million, 2017 - 2027)
    • Non-credit training courses
    • Non-credit certificate programs
    • Digital badges
    • Competency-based education
    • Boot camps
  • Delivery mode Outlook (USD Million, 2017 - 2027)
    • Online
    • Blended
    • Face to face
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

Alternative Credentials Market For Higher Education Market Scope

Report Coverage

Details

Page number

177

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 17.8%

Market growth 2023-2027

USD 2,275.05 million

Market structure

Fragmented

YoY growth 2022-2023(%)

17.23

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 56%

Key countries

US, China, India, Germany, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

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

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

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What are the Key Data Covered in this Alternative Credentials Market For Higher Education Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the alternative credentials market for higher education market between 2023 and 2027
  • Precise estimation of the alternative credentials market for higher education market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across North America, Europe, APAC, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of the alternative credentials market for higher education market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Delivery Mode
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global alternative credentials market for higher education 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global alternative credentials market for higher education 2017 - 2021 ($ million)
    • 4.2 Geography Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.4 Delivery mode Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Delivery mode Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Non-credit training courses - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Non-credit training courses - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Non-credit training courses - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Non-credit training courses - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Non-credit training courses - Year-over-year growth 2022-2027 (%)
    • 6.4 Non-credit certificate programs - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Non-credit certificate programs - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Non-credit certificate programs - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Non-credit certificate programs - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Non-credit certificate programs - Year-over-year growth 2022-2027 (%)
    • 6.5 Digital badges - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Digital badges - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Digital badges - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Digital badges - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Digital badges - Year-over-year growth 2022-2027 (%)
    • 6.6 Competency-based education - Market size and forecast 2022-2027
      • Exhibit 46: Chart on Competency-based education - Market size and forecast 2022-2027 ($ million)
      • Exhibit 47: Data Table on Competency-based education - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Chart on Competency-based education - Year-over-year growth 2022-2027 (%)
      • Exhibit 49: Data Table on Competency-based education - Year-over-year growth 2022-2027 (%)
    • 6.7 Boot camps - Market size and forecast 2022-2027
      • Exhibit 50: Chart on Boot camps - Market size and forecast 2022-2027 ($ million)
      • Exhibit 51: Data Table on Boot camps - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Chart on Boot camps - Year-over-year growth 2022-2027 (%)
      • Exhibit 53: Data Table on Boot camps - Year-over-year growth 2022-2027 (%)
    • 6.8 Market opportunity by Product
      • Exhibit 54: Market opportunity by Product ($ million)

    7 Market Segmentation by Delivery Mode

    • 7.1 Market segments
      • Exhibit 55: Chart on Delivery Mode - Market share 2022-2027 (%)
      • Exhibit 56: Data Table on Delivery Mode - Market share 2022-2027 (%)
    • 7.2 Comparison by Delivery Mode
      • Exhibit 57: Chart on Comparison by Delivery Mode
      • Exhibit 58: Data Table on Comparison by Delivery Mode
    • 7.3 Online - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Online - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Online - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Online - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Online - Year-over-year growth 2022-2027 (%)
    • 7.4 Blended - Market size and forecast 2022-2027
      • Exhibit 63: Chart on Blended - Market size and forecast 2022-2027 ($ million)
      • Exhibit 64: Data Table on Blended - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Chart on Blended - Year-over-year growth 2022-2027 (%)
      • Exhibit 66: Data Table on Blended - Year-over-year growth 2022-2027 (%)
    • 7.5 Face to face - Market size and forecast 2022-2027
      • Exhibit 67: Chart on Face to face - Market size and forecast 2022-2027 ($ million)
      • Exhibit 68: Data Table on Face to face - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Chart on Face to face - Year-over-year growth 2022-2027 (%)
      • Exhibit 70: Data Table on Face to face - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Delivery Mode
      • Exhibit 71: Market opportunity by Delivery Mode ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 73: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 74: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 75: Chart on Geographic comparison
      • Exhibit 76: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 85: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Germany - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 109: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 110: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 111: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 112: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 India - Market size and forecast 2022-2027
      • Exhibit 113: Chart on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 114: Data Table on India - Market size and forecast 2022-2027 ($ million)
      • Exhibit 115: Chart on India - Year-over-year growth 2022-2027 (%)
      • Exhibit 116: Data Table on India - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 117: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 118: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 119: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 120: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 121: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 122: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 123: Matrix on vendor position and classification
            • 12.3 2U Inc.
              • Exhibit 124: 2U Inc. - Overview
              • Exhibit 125: 2U Inc. - Business segments
              • Exhibit 126: 2U Inc. - Key news
              • Exhibit 127: 2U Inc. - Key offerings
              • Exhibit 128: 2U Inc. - Segment focus
            • 12.4 Bisk Ventures
              • Exhibit 129: Bisk Ventures - Overview
              • Exhibit 130: Bisk Ventures - Product / Service
              • Exhibit 131: Bisk Ventures - Key offerings
            • 12.5 Carroll Community College Foundation Inc.
              • Exhibit 132: Carroll Community College Foundation Inc. - Overview
              • Exhibit 133: Carroll Community College Foundation Inc. - Product / Service
              • Exhibit 134: Carroll Community College Foundation Inc. - Key offerings
            • 12.6 Cengage Learning Holdings II Inc.
              • Exhibit 135: Cengage Learning Holdings II Inc. - Overview
              • Exhibit 136: Cengage Learning Holdings II Inc. - Business segments
              • Exhibit 137: Cengage Learning Holdings II Inc. - Key offerings
              • Exhibit 138: Cengage Learning Holdings II Inc. - Segment focus
            • 12.7 City and Guilds Group
              • Exhibit 139: City and Guilds Group - Overview
              • Exhibit 140: City and Guilds Group - Product / Service
              • Exhibit 141: City and Guilds Group - Key offerings
            • 12.8 Coursera Inc.
              • Exhibit 142: Coursera Inc. - Overview
              • Exhibit 143: Coursera Inc. - Business segments
              • Exhibit 144: Coursera Inc. - Key news
              • Exhibit 145: Coursera Inc. - Key offerings
              • Exhibit 146: Coursera Inc. - Segment focus
            • 12.9 Credly, Inc.
              • Exhibit 147: Credly, Inc. - Overview
              • Exhibit 148: Credly, Inc. - Product / Service
              • Exhibit 149: Credly, Inc. - Key offerings
            • 12.10 New York State Education Department
              • Exhibit 150: New York State Education Department - Overview
              • Exhibit 151: New York State Education Department - Product / Service
              • Exhibit 152: New York State Education Department - Key offerings
            • 12.11 NIIT Ltd
              • Exhibit 153: NIIT Ltd - Overview
              • Exhibit 154: NIIT Ltd - Product / Service
              • Exhibit 155: NIIT Ltd - Key news
              • Exhibit 156: NIIT Ltd - Key offerings
            • 12.12 Pearson Plc
              • Exhibit 157: Pearson Plc - Overview
              • Exhibit 158: Pearson Plc - Business segments
              • Exhibit 159: Pearson Plc - Key offerings
              • Exhibit 160: Pearson Plc - Segment focus
            • 12.13 Simplilearn Solutions Pvt. Ltd.
              • Exhibit 161: Simplilearn Solutions Pvt. Ltd. - Overview
              • Exhibit 162: Simplilearn Solutions Pvt. Ltd. - Product / Service
              • Exhibit 163: Simplilearn Solutions Pvt. Ltd. - Key offerings
            • 12.14 Strategic Education Inc.
              • Exhibit 164: Strategic Education Inc. - Overview
              • Exhibit 165: Strategic Education Inc. - Business segments
              • Exhibit 166: Strategic Education Inc. - Key offerings
              • Exhibit 167: Strategic Education Inc. - Segment focus
            • 12.15 Udacity Inc.
              • Exhibit 168: Udacity Inc. - Overview
              • Exhibit 169: Udacity Inc. - Product / Service
              • Exhibit 170: Udacity Inc. - Key news
              • Exhibit 171: Udacity Inc. - Key offerings
            • 12.16 Udemy Inc
              • Exhibit 172: Udemy Inc - Overview
              • Exhibit 173: Udemy Inc - Product / Service
              • Exhibit 174: Udemy Inc - Key news
              • Exhibit 175: Udemy Inc - Key offerings
            • 12.17 University of Michigan
              • Exhibit 176: University of Michigan - Overview
              • Exhibit 177: University of Michigan - Business segments
              • Exhibit 178: University of Michigan - Key offerings
              • Exhibit 179: University of Michigan - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 180: Inclusions checklist
                • Exhibit 181: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 182: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 183: Research methodology
                • Exhibit 184: Validation techniques employed for market sizing
                • Exhibit 185: Information sources
              • 13.5 List of abbreviations
                • Exhibit 186: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
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              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
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              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Alternative Credentials Market for Higher Education market growth will increase by $2275.05 million during 2023-2027.
              The alternative credentials market for higher education market is expected to grow at a CAGR of 17.8% during 2023-2027.
              Technavio has segmented the alternative credentials market for higher education market by product (Non-credit training courses, Non-credit certificate programs, Digital badges, Competency-based education, and Boot camps) ,delivery mode (Online, Blended, Face to face, South America, and MEA) , and geography (North America, Europe, APAC, South America, and Middle East and Africa).
              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, XuetangX are a few of the key vendors in the alternative credentials market for higher education market.
              North America will register the highest growth rate of 56.01% among the other regions. Therefore, the alternative credentials market for higher education market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the alternative credentials market for higher education market growth are:
              • Widening skills gap
              • Rise in non-traditional offerings
              The alternative credentials market for higher education market vendors should focus on grabbing business opportunities from the non-credit training courses segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
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              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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