NEW YORK, May 29, 2023 /PRNewswire/ — The global alternative non-credential courses market size is estimated to increase by USD 8,624.66 million from 2022 to 2027. The market’s growth momentum will progress at a CAGR of 17.18% during the forecast period. Discover some insights on market size historic period (2017 to 2021) and Forecast (2023 to 2027) before buying the full report – Request a sample report
Alternative non-credential courses market – Vendor Analysis
Vendor Landscape – The global alternative noncredential courses market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer alternative noncredential courses in the market are Blue Mountain Community College, Boston University, Colorado State University, Columbia University, Elmira College, Harvard University, Michigan Technological University, Montgomery College, 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, Yale University, Wake Technical Community College, and New York Institute of Finance Inc. and others.
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Vendor Offerings –
Boston University – The company offers alternative non-credential courses such as MS in Applied Business Analytics, and MS in Supply Chain Management.
Columbia University – The company offers alternative non-credential courses such as Columbia Engineering’s online Artificial Intelligence program.
Harvard University – The company offers alternative non-credential courses such as Executive and Continuing Professional Education, and Certificate in Public Health and Business Leadership.
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Non-Credential Courses Market – Segmentation Assessment
Segment Overview
Technavio has segmented the market based on type (non-institutional and institutional), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
The market share growth by the non-institutional segment will be significant for overall market growth during the forecast period. There are a variety of non-educational institutions, which include Massive Open Online Courses (MOOCs) and industry-accredited programs, offering alternative courses without certification. The non-traditional forms of credentials are accepted in several companies. Recently, online education providers have been offering non-degree certificates to learners. Hence, such factors drive segment growth during the forecast period.
Geography Overview
By geography, the global alternative non-credential courses market is segmented into North America, Europe, APAC, South America, and the Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global alternative non-credential courses market.
North America is estimated to account for 56% of the global market growth during the forecast period. Universities in the North American region extensively experiment with a number of educational technology products and services. And these institutions emphasize the introduction of new forms of teaching and learning after online platforms penetrate the regional education industry. Various universities and colleges are focused on integrating products and tools that improve the quality of education. Hence, such factors drive regional market growth during the forecast period.
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Alternative Non Credential Courses Market – Market Dynamics
Leading Drivers –
The emergence of virtual schools is the key driver for the growth of the global alternative noncredential courses market.
In recent times, it has been observed that virtual schools are becoming more popular. The phenomenon gains momentum, especially in developed countries such as the US and the UK. Furthermore, due to the massive education digitization steps and initiatives, virtual schools are becoming popular among students and education authorities.
And their growth is favored by the availability of virtual communication tools, virtual labs, and simulated learning environments.
Furthermore, the rising penetration of cloud technology in education is facilitating the management of every aspect of the institution.
Hence, such factors are expected to support the adoption of virtual schools and subsequently accelerate the growth of the global alternative non-credential courses market during the forecast period.
Key Trends –
Rapid penetration of Internet-enabled devices is an emerging trend in the global alternative non-credential courses market growth.
The rapid adoption of mobile phones and tablets grows the consumer demand for personalized learning placing an increasing emphasis on online education.
Various vendors in the global market offer smartphone-compatible audiovisual and text content.
Thus, the adoption of smartphone devices as a preferred platform for educational content is expected to boost the growth of the global alternative non-credential courses market during the forecast period.
Major challenges –
Inadequate cybersecurity measures are a major challenge hindering the growth of the global alternative non-credential courses market.
One of the major sources of cybersecurity threats to educational content includes malware viruses, such as WannaCry, through social media, the virtualization of systems, and the consumerization of Information Technology (IT).
And since education becomes more digital, threats related to information security, unauthorized access, and student privacy are increasing.
Some of the education sector’s vulnerabilities to cyberattacks include the availability of valuable user and organizational data, lack of centralized data storage structures, and unregulated use of personal digital devices.
Hence, the inadequacy of the cybersecurity measures adopted by educational institutions and individual learners will hamper the growth of the global alternative non-credential courses market during the forecast period.
What are the key data covered in this Alternative Non Credential Courses Market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the alternative non-credential courses market between 2023 and 2027
Precise estimation of the size of the alternative non-credential courses market and its contribution to the market with a focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the alternative non-credential courses market across North America, Europe, APAC, South America, and Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of alternative non-credential courses market vendors
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