Professional Certificates - CIS

CIS

Highlights

Revenue in the Professional Certificates market is projected to reach US$19.84m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 4.51%, resulting in a projected market volume of US$24.74m by 2029.
In the Professional Certificates market, the number of users is expected to amount to 1.2m users by 2029.
User penetration will be 0.6% in 2024 and is expected to hit 0.9% by 2029.
The average revenue per user (ARPU) is expected to amount to US$21.63.
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.

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Professional Certificates market in CIS is experiencing significant growth and development. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors are all contributing to this positive trajectory. Customer preferences in the CIS region are increasingly favoring professional certificates as a means of enhancing career prospects and acquiring new skills. With the global job market becoming more competitive, individuals are recognizing the importance of continuous learning and upskilling. Professional certificates provide a tangible validation of skills and knowledge, making them highly sought after by both job seekers and professionals looking to advance in their careers. In terms of market trends, there has been a notable increase in the availability and variety of professional certificate programs in the CIS region. Institutions and organizations are recognizing the demand for specialized skills and are offering certificates in a wide range of fields, including technology, finance, marketing, and project management. This trend is driven by the need to meet the evolving demands of industries and provide individuals with the specific skills required to excel in their chosen fields. Local special circumstances also contribute to the development of the Professional Certificates market in CIS. The region has a strong focus on education and training, with governments and educational institutions actively promoting lifelong learning and professional development. This emphasis on continuous learning creates a conducive environment for the growth of the professional certificates market, as individuals are encouraged to pursue further education and acquire new skills throughout their careers. Underlying macroeconomic factors further support the growth of the Professional Certificates market in CIS. The region is experiencing economic growth and diversification, with industries such as technology, finance, and healthcare expanding rapidly. As these industries evolve, there is a growing need for professionals with specialized skills and knowledge. Professional certificates provide a cost-effective and time-efficient way for individuals to acquire these skills, making them an attractive option for both employers and employees. In conclusion, the Professional Certificates market in CIS is developing due to customer preferences for continuous learning and upskilling, the availability of a wide range of certificate programs, local emphasis on education and training, and underlying macroeconomic factors such as economic growth and industry diversification. These factors are driving the demand for professional certificates and creating opportunities for individuals to enhance their careers and succeed in the evolving job market.

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.