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Professional Certificates - Ireland

Ireland

Revenue in the Professional Certificates market is projected to reach €13.14m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 4.30%, resulting in a projected market volume of €15.55m by 2028.
In the Professional Certificates market, the number of users is expected to amount to 102.9k users by 2028.
User penetration will be 1.7% in 2024 and is expected to hit 2.0% by 2028.
The average revenue per user (ARPU) is expected to amount to €152.60.
In global comparison, most revenue will be generated in the United States (€1,795.00m in 2024).
With a projected rate of 2.3%, the user penetration in the Professional Certificates market is highest in the United States.

Key regions: Asia, Germany, Europe, United States, Japan

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Analyst Opinion

The Professional Certificates market in Ireland has experienced significant growth in recent years, driven by changing customer preferences and local special circumstances.

Customer preferences: In Ireland, there has been a growing demand for Professional Certificates as individuals seek to enhance their skills and improve their employability in a competitive job market. Many professionals are recognizing the value of acquiring specialized knowledge and certifications to stay relevant and advance in their careers. Additionally, employers are increasingly looking for candidates with specific skill sets and certifications, further driving the demand for Professional Certificates.

Trends in the market: One of the key trends in the Professional Certificates market in Ireland is the shift towards online learning. With the advancement of technology and the increasing availability of online platforms, individuals are now able to access Professional Certificate programs from the comfort of their own homes. This has made learning more convenient and flexible, allowing individuals to balance their professional and personal commitments while pursuing further education. Another trend in the market is the focus on industry-specific certifications. As different industries evolve and become more specialized, professionals are seeking certifications that are tailored to their specific field. This trend is driven by the need for professionals to demonstrate their expertise and differentiate themselves from their peers. As a result, there has been an increase in the number of Professional Certificate programs that cater to specific industries such as finance, healthcare, and technology.

Local special circumstances: Ireland has a strong and vibrant economy, with a high demand for skilled professionals. The country has emerged as a hub for technology and financial services companies, attracting both local and international talent. This has created a need for individuals to acquire specialized skills and certifications to meet the demands of these industries. Additionally, Ireland's membership in the European Union provides access to a larger market and opportunities for professionals to work and collaborate across borders. This has further fueled the demand for Professional Certificates in the country.

Underlying macroeconomic factors: The growth of the Professional Certificates market in Ireland can be attributed to several underlying macroeconomic factors. Firstly, the country's strong economic growth has created a favorable environment for individuals to invest in their professional development. With a robust job market and increasing opportunities, individuals are more willing to invest in acquiring new skills and certifications to enhance their career prospects. Secondly, Ireland's focus on innovation and entrepreneurship has led to the emergence of new industries and job roles. This has created a demand for professionals with specialized skills and knowledge in areas such as technology, data analytics, and sustainability. As a result, individuals are seeking Professional Certificates that can equip them with the necessary skills to succeed in these emerging fields. In conclusion, the Professional Certificates market in Ireland is experiencing growth due to changing customer preferences, such as the demand for online learning and industry-specific certifications. The local special circumstances, including Ireland's strong economy and its position as a hub for technology and financial services, further contribute to the growth of the market. Additionally, underlying macroeconomic factors, such as the country's economic growth and focus on innovation, are driving the demand for Professional Certificates in Ireland.

Methodology

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.