Professional Certificates - Norway

Norway

Highlights

Revenue in the Professional Certificates market is projected to reach US$18.93m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 5.70%, resulting in a projected market volume of US$23.62m by 2028.
In the Professional Certificates market, the number of users is expected to amount to 132.2k users by 2028.
User penetration will be 1.9% in 2024 and is expected to hit 2.3% by 2028.
The average revenue per user (ARPU) is expected to amount to US$179.50.
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 Norway is witnessing significant growth and development in recent years. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors are all contributing to this positive trajectory. Customer preferences in Norway are shifting towards acquiring professional certificates to enhance their skills and improve their career prospects. With the increasing competitiveness in the job market, individuals are recognizing the importance of gaining specialized knowledge and credentials to stand out from the crowd. Professional certificates offer a targeted and practical approach to learning, allowing individuals to acquire specific skills that are in demand in the job market. This customer preference is not unique to Norway, but rather reflects a global trend where professionals are seeking continuous learning and professional development opportunities. One of the key trends in the Professional Certificates market in Norway is the growing demand for certificates in the fields of technology and digitalization. With the rapid advancement of technology and the increasing digitalization of various industries, there is a need for professionals who possess the necessary skills to navigate this digital landscape. As a result, there is a growing demand for professional certificates in areas such as data analytics, cybersecurity, artificial intelligence, and software development. This trend is driven by the need for individuals to upskill or reskill in order to meet the evolving demands of the job market. Another trend in the market is the increasing popularity of online and remote learning options. The convenience and flexibility offered by online learning platforms have made it easier for individuals to pursue professional certificates without the need to attend traditional classroom-based courses. This trend has been further accelerated by the COVID-19 pandemic, which has necessitated the shift towards remote learning and digital education. As a result, online platforms and providers of professional certificates have experienced a surge in demand. In addition to customer preferences and market trends, there are also local special circumstances that are driving the development of the Professional Certificates market in Norway. The Norwegian government has been actively promoting lifelong learning and continuous professional development as a means to enhance the country's competitiveness and innovation. This has led to the establishment of various initiatives and funding programs to support individuals in acquiring professional certificates. Furthermore, the strong collaboration between educational institutions, industry partners, and government agencies has created a favorable environment for the growth of the market. Underlying macroeconomic factors also play a role in the development of the Professional Certificates market in Norway. The country's strong economy and low unemployment rate have created a demand for skilled professionals. Employers are increasingly seeking candidates with specialized knowledge and certifications to fill their job vacancies. Additionally, the high standard of living in Norway and the emphasis on work-life balance have motivated individuals to invest in their personal and professional development, including acquiring professional certificates. In conclusion, the Professional Certificates market in Norway is experiencing growth and development due to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. The shift towards acquiring professional certificates reflects the changing demands of the job market and the need for continuous learning and upskilling. With the increasing emphasis on technology and digitalization, certificates in these fields are in high demand. The availability of online learning options and government support further contribute to the market's growth. Overall, the Professional Certificates market in Norway is poised for continued expansion in the coming years.

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.