According to Custom Market Insights (CMI), the Global Continuing Education Market was estimated at USD 33.55 billion in 2022 and is anticipated to reach around USD 58 billion by 2030, growing at a CAGR of roughly 20% between 2022 and 2030.
CMI research report offers a 360-degree view of the Continuing Education market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Continuing Education market.
Continuing Education Market: Overview
Continuing education is a generic term for knowledge gained after a course of study has been completed. Some professionals might need continuing education courses to maintain their license or certification. Others might enroll in a course, seminar, or class to get additional knowledge about a particular aspect of their work.
You can continue your education by enrolling in classes—online or in person—attending training sessions, taking part in conferences or events organized by a professional association, and in a variety of other ways. Depending on your objectives, you can either focus on non-credit classes or hunt for courses that offer academic credit.
Browse the full “Continuing Education Market Size, Trends and Insights By Service Providers (Universities and Academic Centers, OEMs/Pharmaceutical Companies, Continuing Medical Education Providers, Educational Platforms, Others), By Delivery Mode (Online, Classroom-based Courses), By Type (Professional Licensing, General Learning), By End-users (Students, Professionals), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030″ report at https://www.custommarketinsights.com/report/continuing-education-market/
Due to continuing education’s advantages for job progress, demand for these courses is rapidly rising. These include enhancing skill visibility and maintaining relevance in a certain industry by keeping up with the most recent trends and modifying skill sets. Additionally, continuous learning enables people to adjust to unexpected changes. Further, developing new abilities aids in making better decisions and addressing problems.
Many firms place a strong emphasis on supplying their staff with ongoing education in an effort to prepare them for management positions. Additionally, being confident and content results in higher production, which is advantageous to the organization. This may have an impact on both employee retention at a company and the success of the company. Employee retention has become a major challenge for many HR managers recently.
Today’s corporate world is becoming increasingly competitive, and many companies are discovering competitors are poaching their key employees. One strategy for increasing staff retention is to create a culture of learning. If you give your team an extensive learning and development program, they are more likely to achieve personal success. Loyalty is developed when you allow employees to feel appreciated and rewarded for their work. Continual learning initiatives can help the members of your organization realize their full potential. Thus, a number of corporates are adopting continuous education in their organization.
The market for Continuing Education is segmented into service providers, delivery mode, end-users, and type. Based on type, the global continuing education market is divided into professional licensing and general learning segments. Programs that do not lead to or support maintaining a professional credential are known as general learning programs. However, these programs might aid in skill development and professional advancement.
A software developer might enroll in a class to learn a new programming language, for instance, to improve their résumé and increase their employability. Further, Programs for a professional license may result in a degree, certification, or professional licensure. To keep your professional license, you might also need to participate in these programs.
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In Asia Pacific, substantial growth in the continuing education sector is anticipated. Due to the existence of densely populated nations. Also, customer service training possibilities are now available in India due to the new sector that has been developed there as a customer service outsourcing location. Moreover, Korean firms have a long history of choosing business and educational partners to meet their demands in terms of organizational education. Global businesses can connect their staff with their organizational vision with the aid of continuing education.
In 2022, in order to support the new National Education Policy, the Ministry of Education (MoE) established a new program called the “New India Literacy Programme” for the following five years (NEP).
Competitive Landscape/ Key Players Insights
The top market players are implementing a variety of inorganic growth strategies, including mergers & acquisitions, partnerships, and collaborations, to improve their position in the global industry, making the market for Continuing Education extremely competitive. To retain and increase its competitive advantage in the industry, they are also aggressively investing in product development and enhancement as well as research and development.
Our report offers both quantitative and qualitative insights into the Continuing Education Market and major development initiatives adopted by the key players. Further, it offers competitive details and market share analysis. The report further includes relevant financial information, products and services offered, SWOT analysis, and recent developments of the players profiled.
Some of the prominent players
- GE Healthcare
- Koninklijke Phillips
- Trivantis Corporation
- Siemens Healthineers
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