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Alternative Credentials Market for Higher Education to grow by USD 1.8 Billion from 2025-2029, driven by skills gap expansion, Report on AI-powered market evolution – Technavio

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NEW YORK, Jan. 31, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global alternative credentials market for higher education size is estimated to grow by USD 1.8 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  15.3%  during the forecast period. Widening skills gap is driving market growth, with a trend towards rise in non-traditional offerings. However, threat from traditional degree program providers  poses a challenge. Key market players include 2U Inc., Bisk Ventures, Carroll Community College Foundation Inc., City and Guilds Group, Coursera Inc., Credly Inc., JPMorgan Chase and Co., New York State Education Department, NIIT Ltd., NorthEastern University, Pearson Plc, Purdue University Global, Simplilearn, Strategic Education Inc., Temple University, Udacity Inc., Udemy Inc., University of Michigan, University Professional and Continuing Education Association, and XuetangX.

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Alternative Credentials Market For Higher Education Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 15.3%

Market growth 2025-2029

USD 1837.3 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

13.3

Regional analysis

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

Performing market contribution

North America at 51%

Key countries

US, Germany, UK, China, Canada, France, Italy, India, Japan, and South Korea

Key companies profiled

2U Inc., Bisk Ventures, Carroll Community College Foundation Inc., City and Guilds Group, Coursera Inc., Credly Inc., JPMorgan Chase and Co., New York State Education Department, NIIT Ltd., NorthEastern University, Pearson Plc, Purdue University Global, Simplilearn, Strategic Education Inc., Temple University, Udacity Inc., Udemy Inc., University of Michigan, University Professional and Continuing Education Association, and XuetangX

Market Driver

Digital badges and micro-credentials are becoming increasingly popular in the higher education sector. These non-traditional credentials validate and attest to specific skills and competencies, providing flexible learning opportunities for adult learners. With flexible timespans and various formats like online, hybrid, and customized programs, these credentials cater to the demands of the workforce and professional learning. Employers value these credentials for their portability, transferability, and practical value in addressing skill gaps and career advancement. Tech companies like TechCred and Microsoft are leading the way in this digital transformation, offering credit-bearing and non-credit stackable credentials. Traditional degrees and certificates still hold importance, but alternative credentials provide a more accessible and flexible pathway for learners. These credentials offer rigorous learning outcomes and are relevant to technology jobs and other in-demand professions. Post-secondary institutions are innovating by offering these alternative credentials to meet the needs of the knowledge-based economy and the Great Resignation. The revenue growth potential is significant as learners seek to upskill and reskill for employment opportunities. Accessibility, flexibility, and practical value are key benefits of alternative credentials. Blockchain technology and machine learning are enhancing the learning experience by providing personalized learning paths and digital badges for completion of learning activities. Employers are recognizing the value of these non-traditional credentials, making them an essential component of professional development and continuing education for non-matriculated students. The future of education is about providing relevant skills for the labor market and preparing professionals for career-oriented opportunities. 

The alternative credentials market in higher education is experiencing significant growth as learners seek flexible and affordable educational opportunities. This market encompasses various non-traditional offerings, such as graduate and undergraduate certificate programs, training courses, continuing education units, and micro-credentials. These programs are issued through an alternative credentialing system and are accessible via channels distinct from those offering traditional degrees. Providers of these courses include baccalaureate colleges, universities, community colleges, and doctorate-granting universities, operating in both public and private sectors. The agility of these programs allows providers to create and launch non-credit courses more swiftly than traditional degree programs, as they do not adhere to regulatory mandates. 

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 Market Challenges

Alternative credentials, such as digital badges and micro-credentials, are gaining popularity in higher education as they offer flexible and practical solutions for adult learners seeking to upskill or reskill for the changing workforce. These non-traditional credentials validate and attest to specific skills and competencies, making them highly portable and transferable across industries. Unlike traditional degrees with long timespans, alternative credentials offer flexible learning pathways, including online and hybrid options, that cater to the needs of professional learners. Employers value these credentials for their relevance to workforce demands and rigorous learning outcomes. TechCred, stackable credentials, and micro-credentials are becoming increasingly important in tech jobs, where skills gaps and digital transformation are driving employment opportunities. Post-secondary institutions are responding by offering customized programs and credit-bearing and non-credit options to meet the diverse needs of their audience. The challenges of validating and attesting these credentials are being addressed through digital badges and blockchain technology, ensuring portability, transferability, and employer recognition. With the Great Resignation and the increasing importance of lifelong learning in a knowledge-based economy, alternative credentials offer flexible and accessible educational opportunities for professionals seeking career advancement and employment opportunities.The alternative credentials market in higher education is experiencing instability due to the increasing collaboration between education service providers and institutions offering hybrid programs and courses. These alternative credentials provide a flexible and cost-effective solution for students, allowing them to focus on relevant courses for their career goals. However, this market faces competition from traditional degree programs, which are enhancing their offerings through evolving learning methodologies and digitalization. Despite the advantages of alternative credentials, the formal education segment remains a significant challenge.

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Segment Overview 

This alternative credentials market for higher education report extensively covers market segmentation by  

Product 1.1 Non-credit training courses1.2 Non-credit certificate programs1.3 Digital badges1.4 Competency-based education1.5 Boot campsType 2.1 Online2.2 Blended2.3 Face to faceGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Non-credit training courses-  Non-credit training courses are educational programs that provide specific skills and knowledge without granting academic credit. These courses, often in fields like coding, web development, data science, cybersecurity, and artificial intelligence, are highly sought after due to the increasing industry demand for tech expertise. Participants receive certificates upon completion and assessment tests by standard-setting organizations. Carroll Community College, in partnership with ed2go, offers non-credit courses in various fields, including healthcare and entrepreneurship. In-demand healthcare courses include medical coding, billing, administration, and specialized skills. Business courses cover entrepreneurship, finance fundamentals, and strategic planning. These factors are expected to fuel the growth of non-credit training courses in the global alternative credentials market for higher education.

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Research Analysis

The Alternative Credentials Market for Higher Education refers to non-traditional forms of education that validate skills, competencies, and knowledge through certificates, digital badges, and microcredentials. These credentials offer flexible timespans, professional learning opportunities, and cater to adult learners, lifelong learners, and non-matriculated students. They come in various formats such as online, hybrid, and professional education, and can be credit-bearing or non-credit. The curriculum is designed to meet workforce demands, and these credentials are stackable, allowing learners to build upon previous achievements. They offer portability and transferability, enabling learners to apply their credentials to various industries and careers. Professional development and continuing education are essential aspects of these programs, ensuring learners stay updated with the latest industry trends. Accreditation ensures the quality and value of these credentials, making them a valuable addition to a learner’s professional profile.

Market Research Overview

Alternative credentials in higher education refer to non-traditional certificates, badges, and micro-credentials that validate skills and competencies, often in a flexible and tech-driven learning environment. These credentials cater to adult learners seeking professional development, lifelong learning, and career advancement. They offer flexible timespans, online and hybrid learning options, and customized programs to address workforce demands and skill gaps. Micro-credentials and digital badges provide practical value and portability, enabling learners to showcase their achievements to employers. They can be stacked and transferred, offering flexible pathways to degree attainment or upskilling. Curriculum is often industry-aligned, with rigorous learning outcomes that meet employer needs. Technology plays a significant role in the digital transformation of alternative credentials, with machine learning and blockchain technology enhancing accessibility, flexibility, and workplace value. Employers increasingly recognize the relevance of these non-traditional credentials for talent acquisition and career development, making them essential components of a knowledge-based economy.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductNon-credit Training CoursesNon-credit Certificate ProgramsDigital BadgesCompetency-based EducationBoot CampsTypeOnlineBlendedFace To FaceGeographyNorth AmericaEuropeAPACSouth AmericaMiddle 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

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NASA Awards Launch Service for Mission to Study Storm Formation

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WASHINGTON, March 4, 2025 /PRNewswire/ — NASA has selected Firefly Aerospace Inc. of Cedar Park, Texas, to provide the launch service for the agency’s Investigation of Convective Updrafts (INCUS) mission, which aims to understand why, when, and where tropical convective storms form, and why some storms produce extreme weather. The mission will launch on the company’s Alpha rocket from NASA’s Wallops Flight Facility in Virginia.

The selection is part of NASA’s Venture-Class Acquisition of Dedicated and Rideshare (VADR) launch services contract. This contract allows the agency to make fixed-price indefinite-delivery/indefinite-quantity awards during VADR’s five-year ordering period, with a maximum total value of $300 million across all contracts.

The INCUS mission, comprised of three SmallSats flying in tight coordination, will investigate the evolution of the vertical transport of air and water by convective storms. These storms form when rapidly rising water vapor and air create towering clouds capable of producing rain, hail, and lightning. The more air and water that rise, the greater the risk of extreme weather. Convective storms are a primary source of precipitation and cause of the most severe weather on Earth.

Each satellite will have a high frequency precipitation radar that observes rapid changes in convective cloud depth and intensities. One of the three satellites also will carry a microwave radiometer to provide the spatial content of the larger scale weather observed by the radars. By flying so closely together, the satellites will use the slight differences in when they make observations to apply a novel time-differencing approach to estimate the vertical transport of convective mass.

NASA selected the INCUS mission through the agency’s Earth Venture Mission-3 solicitation and Earth System Science Pathfinder program. The principal investigator for INCUS is Susan van den Heever at Colorado State University in Fort Collins. Several NASA centers support the mission, including Langley Research Center in Hampton, Virginia, the Jet Propulsion Laboratory in Southern California, Goddard Space Flight Center in Greenbelt, Maryland, and Marshall Space Flight Center in Huntsville, Alabama. Key satellite system components will be provided by Blue Canyon Technologies and Tendeg LLC, both in Colorado. NASA’s Launch Services Program, based at the agency’s Kennedy Space Center in Florida, manages the VADR contract.

To learn more about NASA’s INCUS mission, visit:

https://science.nasa.gov/mission/incus

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SOURCE NASA

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SK Telecom to Strengthen AIDC Capabilities with Schneider Electric

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BARCELONA, Spain, March 4, 2025 /PRNewswire/ — SK Telecom (NYSE: SKM) today announced a strategic partnership with Schneider Electric, a global leader in energy management and automation, at the Mobile World Congress 2025 (MWC25). The partners will collaborate on mechanical, electrical and plumbing (MEP) systems for artificial intelligence data centers (AIDCs).

Schneider Electric is a leading company in power and distribution technology for AI data centers, offering comprehensive integrated infrastructure solutions that cover every stage from design and construction to operation.

AIDC MEP systems play a critical role in ensuring the stability and efficiency of AIDCs from initial construction to full operational capability.

Through this partnership, the two companies will first cooperate on the construction and development of hyperscale AIDCs in key regions in Korea. Their collaboration will span the entire MEP sector, including component and product solutions as well as consulting, and will serve as a foundation for expanding AIDC projects into global markets.

By combining SK Telecom’s AIDC expertise with Schneider Electric’s capabilities in MEP systems, power, cooling and integrated data center management, the companies expect to generate significant synergies.

“Our partnership with Schneider Electric, one of the world’s leading AIDC solution providers, will not only strengthen SK Telecom’s competitiveness in AIDCs but also accelerate our global expansion,” said Ryu Young-sang, CEO of SK Telecom.

“Through this collaboration, we expect to create powerful synergies by combining SK Telecom’s expertise in AIDC operations with our advanced capabilities, ultimately delivering enhanced efficiency and performance in AIDC infrastructure,” said Pankaj Sharma, Executive Vice President of Schneider Electric.

About SK Telecom

SK Telecom has been leading the growth of the mobile industry since 1984. Now, it is taking customer experience to new heights by extending beyond connectivity. By placing AI at the core of its business, SK Telecom is rapidly transforming into an AI company with a strong global presence. It is focusing on driving innovations in areas of AI Infrastructure, AI Transformation (AIX) and AI Service to deliver greater value for industry, society, and life.

For more information, please contact skt_press@sk.com or visit our LinkedIn page www.linkedin.com/company/sk-telecom.

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Dover to Present at the J.P. Morgan Industrials Conference

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DOWNERS GROVE, Ill., March 4, 2025 /PRNewswire/ — Dover Corporation (NYSE: DOV) announced that its President and Chief Executive Officer, Richard J. Tobin, will speak at the 2025 J.P. Morgan Industrials Conference in New York City, NY, on Tuesday, March 11, 2025, at 9:00 am ET.

A link to the live audio webcast of the presentation will be available on dovercorporation.com, and the replay will be archived on the website for 90 days.

About Dover:

Dover is a diversified global manufacturer and solutions provider with annual revenue of over $7 billion. We deliver innovative equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services through five operating segments: Engineered Products, Clean Energy & Fueling, Imaging & Identification, Pumps & Process Solutions and Climate & Sustainability Technologies. Dover combines global scale with operational agility to lead the markets we serve. Recognized for our entrepreneurial approach for over 70 years, our team of approximately 24,000 employees takes an ownership mindset, collaborating with customers to redefine what’s possible. Headquartered in Downers Grove, Illinois, Dover trades on the New York Stock Exchange under “DOV.” Additional information is available at dovercorporation.com.

Investor Contact:
Jack Dickens 
Vice President – Investor Relations
(630) 743-2566
jdickens@dovercorp.com

Media Contact:
Adrian Sakowicz
Vice President – Communications
(630) 743-5039
asakowicz@dovercorp.com 

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SOURCE Dover

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