Professional Certificates - Belgium

Belgium

Highlights

Revenue in the Professional Certificates market is projected to reach US$21.54m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 5.78%, resulting in a projected market volume of US$26.97m by 2028.
In the Professional Certificates market, the number of users is expected to amount to 258.2k users by 2028.
User penetration will be 1.8% in 2024 and is expected to hit 2.2% by 2028.
The average revenue per user (ARPU) is expected to amount to US$104.00.
In global comparison, most revenue will be generated United States (US$1.96bn in 2024).
With a projected rate of 2.3%, the user penetration in the Professional Certificates market is highest United States.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Professional Certificates market in Belgium has seen significant growth in recent years, driven by changing customer preferences and a growing demand for specialized skills and qualifications.

Customer preferences: Customers in Belgium are increasingly seeking professional certificates to enhance their skills and improve their career prospects. This trend can be attributed to several factors. Firstly, the rapid pace of technological advancements has created a need for individuals to continuously update their skills to remain competitive in the job market. Professional certificates offer a convenient and efficient way for individuals to acquire new skills and knowledge in specific areas. Additionally, employers in Belgium are placing greater emphasis on certifications when hiring and promoting employees. As a result, individuals are recognizing the value of professional certificates in enhancing their career prospects.

Trends in the market: One of the key trends in the Professional Certificates market in Belgium is the growing popularity of digital and online learning platforms. These platforms offer a wide range of professional certificate programs that can be accessed from anywhere at any time. This convenience and flexibility have made online learning an attractive option for individuals who are unable to commit to traditional classroom-based programs due to work or personal commitments. Furthermore, the COVID-19 pandemic has accelerated the adoption of online learning platforms as individuals seek alternative ways to upskill and reskill during periods of lockdown and social distancing. Another trend in the market is the increasing demand for certificates in emerging fields such as data science, artificial intelligence, and digital marketing. As Belgium continues to embrace digital transformation, there is a growing need for professionals with expertise in these areas. Consequently, individuals are enrolling in professional certificate programs to acquire the necessary skills and knowledge to meet the demands of the evolving job market.

Local special circumstances: Belgium has a highly educated workforce and a strong emphasis on lifelong learning. The country has a well-established education system that places importance on vocational and professional training. This cultural emphasis on continuous learning has contributed to the growth of the Professional Certificates market in Belgium. Additionally, Belgium is home to several international organizations and multinational companies, which further drives the demand for professional certificates as employees seek to enhance their skills and remain competitive in the global job market.

Underlying macroeconomic factors: The growth of the Professional Certificates market in Belgium is also influenced by underlying macroeconomic factors. Belgium has a stable and prosperous economy, which provides individuals with the financial means to invest in their professional development. Furthermore, the government in Belgium has implemented policies to support lifelong learning and skills development, including providing financial incentives and subsidies for individuals pursuing professional certificate programs. These factors have contributed to the growth of the Professional Certificates market in Belgium and are likely to continue driving its development in the future.

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.