Published Date : Oct 03, 2016
ALBANY, NY, Oct 03, 2016: MarketResearchReports.biz has recently announced the addition of a new research study to its vast collection of research reports. The 64-page research study, titled “Professional Development Market in Europe 2016-2020,” provides a thorough overview, focusing on the growth drivers and limitations in the market. According to the research study, the professional development market in Europe is expected to register a 4% CAGR between 2016 and 2020.
The rising demand for digital skills and the emergence of online credentials are the primary factors driving the demand for professional developments courses. In addition, the rising number of teachers initiating their own professional development and advent of innovative technologies enhancing the delivery of professional development courses are expected to augment the growth of the market in the next few years. On the flip side, the lack of structure in professional development courses and increasing cost and time constraints are projected to restrict the growth of the professional development market in Europe. Nevertheless, the rising number of strategic alliances and growing technological innovations are creating potential opportunities for the market players.
On the basis of end use, the professional development market in Europe has been classified into pre K-12, K-12, and higher education. In 2015, the K-12 segment led the professional development market in Europe with a 60% share. K-12 teachers are making use of several online courses to allow flexibility, especially in terms of time and to be professionally competent. Additionally, the customization of courses with the help of online courses as per the need of teachers and students is projected to encourage the growth of the market in the coming years. K-12 educators dealing with STEM subjects are adopting professional development courses to emphasize on acquiring deeper knowledge about the subject and to introduce interdisciplinary techniques in the overall STEM education.
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The professional development market in Europe is at an expansion stage and is projected to grow at a steady pace throughout the forecast period. The presence of a large number of local and established players has strengthened the competitive landscape in the professional development market in Europe. To sustain in the market, key players are emphasizing on the expansion of their existing professional development portfolio in order to incorporate online and digitalized offerings. In the next few years, the market is likely to see a number of mergers and acquisitions by established players, which will intensify the competition.
Some of the leading players in the Europe professional development market are Lynda.com, Digital Learning Tree, ETS Global, Kaizen Teaching School Alliance, Goethe-Institut, Creative Education, Edmodo, Discovery Education, Cambridge English Teacher, Regent, Pearson Education, CAST Professional Learning, ETI Malta, Houghton Mifflin Harcourt, Learners Edge, McGraw-Hill Education, and Creativity Workshop. A detailed reports of the leading players has been included in the scope of the research report.
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