Professional Certificates - Finland

Finland

Highlights

Revenue in the Professional Certificates market is projected to reach US$22.14m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.42%, resulting in a projected market volume of US$28.83m by 2029.
In the Professional Certificates market, the number of users is expected to amount to 137.2k users by 2029.
User penetration will be 1.9% in 2024 and is expected to hit 2.5% by 2029.
The average revenue per user (ARPU) is expected to amount to US$210.60.
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 Finland is experiencing significant growth and development.

Customer preferences: In Finland, there is a growing demand for Professional Certificates as individuals seek to enhance their skills and improve their career prospects. Professionals in various industries are recognizing the value of obtaining specialized certifications to stay competitive in the job market. Employers also value employees with Professional Certificates as it demonstrates their commitment to professional development and their ability to acquire new skills.

Trends in the market: One of the key trends in the Professional Certificates market in Finland is the increasing popularity of online courses. Online platforms offer a convenient and flexible way for individuals to obtain Professional Certificates without the need to attend physical classes. This trend has been accelerated by the COVID-19 pandemic, which has forced many people to work remotely and seek online learning opportunities. The availability of online courses has expanded the reach of Professional Certificates, allowing individuals from all over Finland to access high-quality education and training. Another trend in the market is the focus on industry-specific certifications. Professionals in Finland are increasingly seeking certifications that are tailored to their specific industry or job role. This trend is driven by the need for specialized skills in today's rapidly evolving job market. Employers are also placing greater emphasis on industry-specific certifications when hiring, as it provides them with confidence in the candidate's expertise and knowledge.

Local special circumstances: Finland has a strong education system and a culture that values continuous learning. The country is known for its high-quality education and training programs, which has created a favorable environment for the growth of the Professional Certificates market. Additionally, Finland has a highly skilled workforce and a strong economy, which further drives the demand for Professional Certificates.

Underlying macroeconomic factors: The growth of the Professional Certificates market in Finland can be attributed to several underlying macroeconomic factors. Firstly, the increasing digitalization of the economy has created a demand for digital skills, leading to a greater interest in Professional Certificates that offer training in areas such as data analytics, cybersecurity, and digital marketing. Secondly, the changing nature of work and the rise of the gig economy have made individuals more responsible for their own career development, leading to a greater demand for Professional Certificates. Finally, the global competitiveness of Finnish businesses has also contributed to the growth of the Professional Certificates market, as companies seek employees with the right skills and qualifications to drive innovation and growth. In conclusion, the Professional Certificates market in Finland is experiencing significant growth and development, driven by customer preferences for continuous learning, the increasing popularity of online courses, and the focus on industry-specific certifications. The local special circumstances, such as Finland's strong education system and culture of continuous learning, further support the growth of the market. Underlying macroeconomic factors, such as digitalization and the changing nature of work, also contribute to the demand for Professional Certificates.

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.