📜 Professional Certification Market

Happy Monday 👋

Professional certification is not new, serving as an accepted method to validate an individual’s proficiency within a specific profession and to uphold industry standards. The Professional Certification ecosystem incorporates a number of stakeholders, including certifying authorities, professional associations, educational institutions, and assessment providers, each playing a role in designing, delivering, and assessing professional standards.

This Week's Topics

• 📜 Professional Certifications. Mapping 150+ global players across the landscape
• 📊 Chart Spotlight. Shortage of 800K nurses on the horizon
• 🔁 Catch up on 5 Key Trends Impacting Higher Education. Micro-credentials, AI in higher education, and more
• 📖 Annual Education Outlook. 180+ pages of trends, insights, and data
• 💰 Education Deals of the Week. Funding, M&A and grants

Don't forget to check out the 2024 Global Education Outlook and sign up for our new Daily Newsletters, 'Chart of the Day' and 'Impact Capital Markets'. For unlimited access to over one million charts, request a demo.

📜 Professional Certifications Market Landscape

The process of establishing a profession and its standards typically evolves over a long period of time, prompted by the acknowledgment of the need for professional standards within a specific industry or occupational sector, particularly those that are connected to the functioning of societal infrastructure (such as law, medicine, finance, and engineering). The Professional Certification ecosystem incorporates a number of stakeholders, including certifying authorities, professional associations, educational institutions, and assessment providers, each playing a role in designing, delivering, and assessing professional standards, which are in turn, overseen by certifying authorities.

While traditional professions have well-established standards and practices, emerging fields, particularly those in information technology, are still forming and taking on a different shape of certification. Technologies like cloud computing and cybersecurity demand specialized knowledge and skills, often associated with proprietary technologies vested in corporations. Consequently, certifications tailored to these proprietary technologies, such as Amazon, CISCO, Oracle, Google, or Microsoft certifications, have emerged.

📜 Professional Certifications - Market Map

📊 Charts Spotlight - Shortage of 800K Nurses on the Horizon

Subscribe to HolonIQ's 'Chart of the Day', a daily newsletter that helps explain the global impact economy, from climate tech to education and healthcare. 

There is a widening gap between qualified healthcare professionals and job vacancies in the US, highlighting the urgent need for support and education to meet evolving market demands and enable specialization. Projections reveal significant deficits, especially in nursing, with an 831,212 professional gap, and in specialty care, with a shortfall of 62,604 professionals by 2031 compared to 2021.

🔁 Catch up on the 5 Key Trends Impacting Higher Education

Engage with the latest data, case studies, and issues shaping higher education in 2024 and beyond via our recent Higher Education Webinar Series. From mapping the emerging alternate universe of credentials to exploring the evolving partnership landscape and the outlook for international education, the series looks at various trends in higher education.

📖 2024 Global Education Outlook

HolonIQ's annual analysis of the global education economy offers over 180 pages of in-depth insights on market data, investments, strategic shifts, and trends in education. Download the extract or purchase the full report.

💰 Education Deals of the Week

HolonIQ actively monitors and tracks funding flows in the education market, spanning across all regions and transaction categories. Subscribe to our Daily Capital Markets newsletter to catch the top deals for each day.

Funding

🧑‍💼 MyCaptain, an Indian technology upskilling platform, raised a $1.7 million Series A to expand its hybrid programs into different cities.

M&A

📱 Accenture, a global management, technology services & outsourcing company, is acquiring open online course provider Udacity as part of broader plans to build a learning platform focused on AI.

🎓 Ellucian, a higher education Student Information System provider, acquired EduNav, a provider of higher education academic planning and student success tools.

📳 Boldyn Networks, a provider of shared network infrastructure, is acquiring Apogee Telecom, which specializes in on-campus connectivity infrastructure for Higher Education in the US.

University Grants

🇬🇧 Coventry University has received a $17 million grant as part of the UK government's Public Sector Decarbonization Scheme to support its transition to a net-zero campus by 2030.

🇬🇧 Nine General Further Education colleges in Greater Manchester (UK), secured over $10.8 million from the Government’s Local Skills Improvement Fund to address the skills gap, focusing on key themes like digitization and net zero.

🇺🇸 Fairfield University's Egan School of Nursing secured a $2.59 million HRSA grant to provide tuition support to students in the nursing education programs.

🇬🇧 Queen Mary University of London received a combined $1.55 million grant from UK Research and Innovation to lead a project assessing AI's impact on creative work.

🇬🇧 Loughborough University received $633,000 from the third round of funding from the Office for Students (OfS) to support students upskilling in AI and data science, addressing the UK's specialist shortage.

🇺🇸 Western Oregon University's College of Education secured a Grow Your Own (GYO) grant from the Educator Advancement Council for to recruit and support retention of educators.

🇫🇯 University of Fiji has been awarded a grant through the ERASMUS+ program to facilitate student and staff exchanges between 2024 and 2026 with the University of Palermo in Italy.

Thank you for reading. Have a great week ahead!
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