Professional Certificates - MENA
MENA- Revenue in the Professional Certificates market is projected to reach US$50.43m in 2024.
- Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 5.85%, resulting in a projected market volume of US$67.01m by 2029.
- In the Professional Certificates market, the number of users is expected to amount to 2.4m users by 2029.
- User penetration will be 1.1% in 2024 and is expected to hit 1.4% by 2029.
- The average revenue per user (ARPU) is expected to amount to US$28.60.
- 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.
Definition:
Professional Certificates are a type of credential, typically delivered by an industry body, to demonstrate/acknowledge/verify a person’s ability to perform a job-related function. This definition includes professional certificates offered through institutions (CFA, PMI) and online study courses (Kaplan, Becker).Additional Information
Data includes revenue figures in Gross Merchandise Value (GMV), Users, average revenue per user (ARPU), and user penetration rate. User and revenue figures represent B2C services.In-Scope
- Professional certifications offered through professional institutions (CPA, CFA, PMP)
- Companies offering online study prep strictly for a professional certification (BARBRI, Kaplan, Becker)
Out-Of-Scope
- Micro and alternative credentials offered through third-party platforms (Udacity nanodegrees, Coursera specializations, Udemy certificates)
- Study prep offered by third-party platforms (Udemy, Coursera, edX).
