Alternative Credentials for Higher Education Industry - Forecast and Analysis 2023-2027
The skills gap is evidently wider and prevalent in job market nowadays. Even after having degree and academic qualification, employability seems missing as per companies’ requirements for specific positions. Therefore, such alternative credentials for the higher education have become need of the hour to reach competency mark and up the employability factor.
The alternative credentials market for the higher education is predicted to grow at a CAGR of 17.8% during the forecast period 2022-2027 by our data and research experts. This market research report also predicts the statistics about the alternative credentials market for the higher education size growth that will grow by USD 2,275.05 million. This expected incremental growth momentum gives a positive outlook for the market as well as the respective investors and they will further reinforces the position of vendors in the alternative credentials market for the higher education.
Our researchers provide some key market predictions via thorough data and information analysis, one of these market drivers is the widening skills gap that is helpful in alternative credentials market for the higher education growth. Although factors such as threats from the traditional degree program providers may affect the market growth negatively.
The research analysts also study the entire available market data carefully for the base and estimated years as well as throughout the forecast period, considering 2022 as the base year and 2023 as the estimated year. It will make the report more effective and all the features such as the latest market trends, important market drivers, different market challenges and many other useful market insights help users to have a holistic approach for their business decisions.
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