The U.S. continuing education market is expected to reach USD 93.25 billion by 2028, growing at a CAGR of 7.47% during 2022 to 2028.
Advances in technology are impacting every section of the continuing education industry. The transformative power of artificial intelligence cuts across social and economic barriers, including education. Currently, the education sector is rapidly transformed by artificial intelligence.
It has the potential to achieve several educational goals by increasing access to learning, automating management processes, and optimizing methods to enhance learning outcomes.
Emerging Fields for Continuing Education
Real estate, finance, and entrepreneurship segments are the most rapidly growing industries in the continuing education market. Real estate is one of the rapidly growing industries in the United States. In addition, each U.S. state has different continuing education credit requirements.
Across the U.S., continuing education is one of the major keys to renewing a license or increasing knowledge about current trends. The major factor driving the U.S. continuing education market in the real estate business is practicing agents and brokers that must complete 12 hours of CE courses within two years before the renewal of their license (Stated by Massachusetts State Guidelines).
Badging, Micro-Credential, and Blockchain Credential Distribution in Continuing Education
Digital badges and micro-credentials are emerging pathways to recognize and acknowledge specific skills and achievements of learners. Blockchain is one of the emerging technologies in continuing education, which has the potential to revolutionize the continuing education sector by offering a transparent, secure, and tamperproof platform for sharing and storing educational records.
The U.S. continuing education market helps to keep up with the latest trends in the rapidly growing industries in the region. The micro-credential has been introduced to provide and satisfy the continuing education seeker, which allows people to take short career-oriented CE courses at their own pace, time, and convenience.
ChatGPT is the Future of Continuing Education
Implementing Al in continuing education opens the door for many opportunities, including Chatbot (ChatGPT), one of the emerging technologies with high potential to accelerate market growth in the United States. As continuing education continuously evolves, technologies are vital in helping professionals grow and learn.
Chatbots can converse with professionals (humans), offering them assistance and information on broad educational areas. ChatGPT is one of the most innovative chatbot tools currently available with high potential. In the U.S. continuing education market, ChatGPT is helping to browse the internet to expand and update knowledge through associations, creative solutions, and new information about pressing problems.
Increasing Demand for Professional Development
The preference for professional development is not new in the United States. U.S. education includes skills, knowledge, experience, and practices.
Over 74% of workers are willing to learn new skills to remain employable. Also, workers prefer strong training and development programs, which offer short- and long-term benefits. According to a finding, over 59% of employees are self-taught and are open to training. Over 87% of millennial employees believe that workplace development and learning are becoming important for professional development.
Increased Competitiveness among Industries
Industries are becoming highly complex and competitive. The U.S. is one of the leading industrialized countries in the world. The U.S. industries are known for the early adoption of new technologies and procedures, which can potentially transform the industry landscape. Workers should be mindful of new trends and patterns, from environmental concerns to social justice issues and cultural trends to transformative technologies.
The burden and challenges for employers and employees are becoming diverse and complex, resulting in high demand for skilled workers as the competition among industries is rapidly increasing. Hence, courses in the U.S. continuing education market will be grounded in future demands. Contemporary challenges can help companies remain competitive and prepare their workforce for upcoming opportunities.
Vendor Landscape
The U.S. continuing education market is highly competitive with the presence of large continuing education providers. U.S. educational institutions, such as schools, colleges, and universities, are the major contributors to the industry. Online continuing education services by educational companies are on the rise.
Therefore, there is competition among CE educational institutions and online CE provider vendors/educational companies. Non-profit organizations are standalone continuing education providers with a strong network of continuing education receivers across the United States.
Company Profiles
360training
Aceable
Acadoodle
Albert Einstein College of Medicine
Advancement Courses
Antidote Education Company
AMA EDHUB
AO North America
AcademicCME
AffinityCE
Amedco
American Medical Seminar
AXIS Medical Education
Aspirus
BooqSmart.com
BlackRock
COPIC Insurance Company
CME Outfitters
CPAwebengage, Inc.
Curi
Current Reviews
Carlat CME Institute
CMEPlanet
Cine-Med
EXCEL CME
EZ-pdh.com (Ezekiel Enterprises)
EdCompass
Forefront Collaborative
Greeley Company
Global Education Company
HonorHealth
HealthSream
Illinois Online
Kaplan
MCKISSOCK LEARNING
MedScape (WebMD)
MIT Professional Education
North Dakota State University
National Society of Professional Engineers
Norcal Mutual Insurance Company
PDH Academy
RCEP
Relias LMS
Sequoia CPE
StatPearls
Strafford LLC
Syandus
SafetyPro Training Center
Stanford Medicine
Salus Global
The American College of Financial Services
Salus University
TheCEShop.com
University of San Diego
Titan Continuing Education
University of South Alabama
University of California (Irvine)
University Professional and Continuing Education Association
University of North Dakota
Key Questions Answered: 1. How big is the U.S. continuing education market? 2. What is the growth rate of the U.S. continuing education market? 3. What are the growing trends in the U.S. continuing education industry? 4. Which delivery mode holds the most significant U.S. continuing education market share? 5. Who are the various providers of the U.S. continuing education market?
Key Attributes:
Report Attribute
Details
No. of Pages
241
Forecast Period
2022 - 2028
Estimated Market Value (USD) in 2022
$60.52 Billion
Forecasted Market Value (USD) by 2028
$93.25 Billion
Compound Annual Growth Rate
7.4%
Regions Covered
United States
Key Topics Covered:
1 Research Methodology
2 Research Objectives
3 Research Process
4 Scope & Coverage 4.1 Market Definition 4.1.1 Inclusions 4.1.2 Exclusions 4.1.3 Market Estimation Caveats 4.2 Base Year 4.3 Scope of the Study 4.3.1 Market by Delivery Mode: 4.3.2 Market by Professions 4.3.3 Market by Providers 4.3.4 Market by Healthcare Professionals
8 Introduction 8.1 Overview 8.1.1 List of Professions Requiring Continuing Education in US 8.2 Global Continuing Education Outlook 8.2.1 Overview 8.2.2 Comparison of Global Ce Market With Us Ce Market 8.2.3 Learners Preferences & Behavioral Patterns Toward Ce Programs 8.2.4 Offline & Online Ce Programs: Comparison Analysis
9 Market Opportunities & Trends 9.1 Advanced Technologies Transforming Continuing Education 9.2 Emerging Fields for Continuing Education 9.3 Badging, Micro Credential, and Blockchain Credential Distribution in Continuing Education 9.4 Chatgpt is the Future of Continuing Education
10 Market Growth Enablers 10.1 Increased Competitiveness Among Industries 10.2 Increasing Demand for Professional Development 10.3 Significant Developments in Healthcare and Engineering Industries 10.4 Implementation of Hybrid Delivery Platforms for Continuing Education
11 Market Restraints 11.1 Biased Content Delivery in Industry Sponsored Continuing Education 11.2 Challenges in Ce Program Deliveries & Alternative Platforms 11.3 Challenges in Maintaning Cme Credits in Healthcare Sector
12 Market Landscape 12.1 Market Overview 12.2 Market Size & Forecast 12.3 Five Forces Analysis 12.3.1 Threat of New Entrants 12.3.2 Bargaining Power of Suppliers 12.3.3 Bargaining Power of Buyers 12.3.4 Threat of Substitutes 12.3.5 Competitive Rivalry
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