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Global Digital Education Content Market to Reach $108 Billion by 2026

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New York, June 25, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Digital Education Content Industry” – https://www.reportlinker.com/p05895951/?utm_source=GNW
COVID-19 along with a number of socioeconomic factors like increasing cost of higher education, lifestyles of modern learners and equitable access to education is poised to help digital learning in garnering considerable attention in the coming years. The education industry is leveraging advanced technology related to online learning for democratizing education, motivating learners and optimizing outcomes. The industry is also being transformed by increasing collaborations among e-learning companies, universities, colleges and governments to promote the idea of online education. Accessibility for online education becomes extremely imperative during the covid-19 pandemic crisis. In the evolving educational environment, several institutions are already using this education mode, while new technologies are being embraced and the requirement for institutions in prioritizing accessibility is becoming critical.

– Amid the COVID-19 crisis, the global market for Digital Education Content estimated at US$57.1 Billion in the year 2020, is projected to reach a revised size of US$108 Billion by 2026, growing at a CAGR of 11.1% over the analysis period. K-12, one of the segments analyzed in the report, is projected to record 12.6% CAGR and reach US$61.1 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Higher Education segment is readjusted to a revised 9.8% CAGR for the next 7-year period. A large number of students in the US and other nations had been already participating in digital learning from K-12 virtual or online education. COVID-19 has considerably accelerated the transition and is expected to pave way for increasing reliance on virtual K-12 schooling in the coming years. The transition of higher education institutions toward the digital platform can be credited to several benefits, especially convenience and flexibility, which are expected to drive a large number of students to prefer online learning over the conventional classroom option.

The U.S. Market is Estimated at $25 Billion in 2021, While China is Forecast to Reach $19 Billion by 2026

– The Digital Education Content market in the U.S. is estimated at US$25 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$19 Billion by the year 2026 trailing a CAGR of 13.4% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.1% and 9.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 10.7% CAGR. The e-learning market in developing regions is evolving into a dynamic growth sector as public universities, governments and local providers push into the market. There are several factors driving eLearning market in developing countries, for instance eLearning helps to decrease infrastructure costs and reduce expenditures e.g., cost on classroom space along with textbook purchase or rental leading to lesser education costs for people in developing nations. Increased adoption of cloud-based solutions is also expected to further create growth opportunities for eLearning in developing regions. The benefits of just-in-time training and promising ROI is expected to increase adoption of eLearning in corporate training in countries such as China, India and Brazil. In Middle Eastern countries, eLearning has witnessed growth due to government initiatives combines with efforts by private corporations and schools.
Select Competitors (Total 54 Featured)

  • Adobe Inc.
  • Allen Interactions Inc.
  • Aptara, Inc.
  • Articulate Global, Inc.
  • Cengage Learning Holdings II, Inc.
  • City & Guilds
  • Discovery Education
  • Echo360, Inc.
  • Educomp Solutions Ltd.
  • McGraw-Hill Education Inc.
  • MPS Ltd.
  • N2N Services Inc.
  • New Oriental Education and Technology Group Inc.
  • Pearson Education
  • Saba Software
  • TAL Education Group
  • Think & Learn Pvt. Ltd.
  • Trivantis Corporation

Read the full report: https://www.reportlinker.com/p05895951/?utm_source=GNW

CONTENTS

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
COVID-19 Impact on Education
EXHIBIT 1: Number of Students Impacted by COVID-19 in Select
Countries: June 2020
EXHIBIT 2: Number of Students Impacted by COVID-19: Feb2020-
Mar2020
How COVID-19 Sabbatical is Charting Path for Strong Foundation
of Digital Learning in Education Space
COVID-19 Brings Virtual K-12 Schooling to the Fore with
Positive Outcomes for Students
DIGITAL EDUCATION CONTENT: A PRELUDE
EXHIBIT 3: Digital Content Usage in Education
Key Challenges
Market Outlook
Emerging Economies Drive Growth
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Digital Learning Libraries Offer Significant Opportunities
Creation of a Personalized Learning: A Key Criterion While
Selecting Digital Content
EXHIBIT 4: Ranking of Factors for Vendor Selection for Digital
Education Content (on a Scale of 1-10)
Technology Developments Bring in a Fundamental Transformation
to Traditional Approaches
Digital Transformation in Higher Education
EXHIBIT 5: Digital Learning Materials Used in Classrooms
Video Use in e-Learning Witnesses Robust Growth
EXHIBIT 6: Higher User Engagement With Short Videos as Compared
to Other Forms of Content Drives the Value of Creating Short
But Effective eLearning Video Content: % Engagement Loss by
Video Length
Augmented Reality (AR) Makes eLearning More Engaging, and
Interactive
Advances in Artificial Intelligence Drives Adaptive and
Personalized eLearning
Companies Turn towards Learning Experience Platform (LXP)
Rise in User Generated Content
Big Data Analytics to Optimize Learning Outcomes
Technology Innovations Continue to Benefit Market Growth
Select e-Learning Products
Cloud: Growing Domain for Digital Learning Application
Development & Delivery
Higher Acceptance of Open Educational Resource
MOOCs: New Form of Online Training
Gamification of Learning, the Most Lucrative Way to Monetize e
-Learning
LMS: A Key Contributor to e-Learning
Mobile Learning & Micro-Learning for Modern Learners
M-Learning VAS Offers Support Structure for m-Learning
Rapid penetration of Smart Phones and Tablets Drive Growth
EXHIBIT 7: Worldwide Smartphone Sales (in Million Units) by
Geographic Region/Country for the Years 2018 & 2022
Apps Critical to the Growth of m-Learning
EXHIBIT 8: Use of Digital Devices by Children in Age Group 14-
15 Years Out Of School
EXHIBIT 9: Devices Used to Access Digital Content in US Classrooms
Academic eLearning to Leverage the Growing Trend of BYOD in
Classrooms
EXHIBIT 10: e-Learning Rides the BYOD to School Wave, With
Smartphone Penetration Being the Highest in the 12+ Age Group
of Children & Teens: Smartphone Ownership by Age Group in the
U.S for the Year 2018

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Digital Education
Content by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Million
for Years 2020 through 2027 and % CAGR

Table 2: World Historic Review for Digital Education Content by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2012 through 2019 and % CAGR

Table 3: World 15-Year Perspective for Digital Education
Content by Geographic Region – Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific,
Latin America, Middle East and Africa Markets for Years 2012,
2020 & 2027

Table 4: World Current & Future Analysis for K-12 by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America and Rest of World Markets – Independent Analysis of
Annual Revenues in US$ Million for Years 2020 through 2027 and
% CAGR

Table 5: World Historic Review for K-12 by Geographic Region –
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World Markets – Independent Analysis of Annual
Revenues in US$ Million for Years 2012 through 2019 and % CAGR

Table 6: World 15-Year Perspective for K-12 by Geographic
Region – Percentage Breakdown of Value Revenues for USA,
Canada, Japan, China, Europe, Asia-Pacific, Latin America and
Rest of World for Years 2012, 2020 & 2027

Table 7: World Current & Future Analysis for Higher Education
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2020 through 2027 and % CAGR

Table 8: World Historic Review for Higher Education by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America and Rest of World Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2012 through 2019 and % CAGR

Table 9: World 15-Year Perspective for Higher Education by
Geographic Region – Percentage Breakdown of Value Revenues for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America
and Rest of World for Years 2012, 2020 & 2027

III. MARKET ANALYSIS

UNITED STATES
Market Overview
Pandemic Accelerates Pace of Online Learning Experience
EXHIBIT 11: Allocation of Budget for Educational Content: 2019
EXHIBIT 12: Use of Digital Content by Subject Area
Virtual Schools & Homeschooling Drive Demand for e-Learning
Products
Technology Trends in Education: K-12 & Higher Education
Market Analytics
Table 10: USA Current & Future Analysis for Digital Education
Content by End-Use – K-12 and Higher Education – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 11: USA Historic Review for Digital Education Content by
End-Use – K-12 and Higher Education Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 12: USA 15-Year Perspective for Digital Education Content
by End-Use – Percentage Breakdown of Value Revenues for K-12
and Higher Education for the Years 2012, 2020 & 2027

CANADA
Market Overview
Market Analytics
Table 13: Canada Current & Future Analysis for Digital
Education Content by End-Use – K-12 and Higher Education –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 14: Canada Historic Review for Digital Education Content
by End-Use – K-12 and Higher Education Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 15: Canada 15-Year Perspective for Digital Education
Content by End-Use – Percentage Breakdown of Value Revenues for
K-12 and Higher Education for the Years 2012, 2020 & 2027

JAPAN
Market Overview
Market Analytics
Table 16: Japan Current & Future Analysis for Digital Education
Content by End-Use – K-12 and Higher Education – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 17: Japan Historic Review for Digital Education Content
by End-Use – K-12 and Higher Education Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 18: Japan 15-Year Perspective for Digital Education
Content by End-Use – Percentage Breakdown of Value Revenues for
K-12 and Higher Education for the Years 2012, 2020 & 2027

CHINA
Market Overview
Creating Localized e-Learning Content for China
Market Analytics
Table 19: China Current & Future Analysis for Digital Education
Content by End-Use – K-12 and Higher Education – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 20: China Historic Review for Digital Education Content
by End-Use – K-12 and Higher Education Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 21: China 15-Year Perspective for Digital Education
Content by End-Use – Percentage Breakdown of Value Revenues for
K-12 and Higher Education for the Years 2012, 2020 & 2027

EUROPE
Market Overview
Market Analytics
Table 22: Europe Current & Future Analysis for Digital
Education Content by Geographic Region – France, Germany,
Italy, UK, Spain, Russia and Rest of Europe Markets –
Independent Analysis of Annual Sales in US$ Million for Years
2020 through 2027 and % CAGR

Table 23: Europe Historic Review for Digital Education Content
by Geographic Region – France, Germany, Italy, UK, Spain,
Russia and Rest of Europe Markets – Independent Analysis of
Annual Sales in US$ Million for Years 2012 through 2019 and %
CAGR

Table 24: Europe 15-Year Perspective for Digital Education
Content by Geographic Region – Percentage Breakdown of Value
Sales for France, Germany, Italy, UK, Spain, Russia and Rest of
Europe Markets for Years 2012, 2020 & 2027

Table 25: Europe Current & Future Analysis for Digital
Education Content by End-Use – K-12 and Higher Education –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 26: Europe Historic Review for Digital Education Content
by End-Use – K-12 and Higher Education Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 27: Europe 15-Year Perspective for Digital Education
Content by End-Use – Percentage Breakdown of Value Revenues for
K-12 and Higher Education for the Years 2012, 2020 & 2027

FRANCE
Market Overview
Market Analytics
Table 28: France Current & Future Analysis for Digital
Education Content by End-Use – K-12 and Higher Education –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 29: France Historic Review for Digital Education Content
by End-Use – K-12 and Higher Education Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 30: France 15-Year Perspective for Digital Education
Content by End-Use – Percentage Breakdown of Value Revenues for
K-12 and Higher Education for the Years 2012, 2020 & 2027

GERMANY
Table 31: Germany Current & Future Analysis for Digital
Education Content by End-Use – K-12 and Higher Education –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 32: Germany Historic Review for Digital Education Content
by End-Use – K-12 and Higher Education Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 33: Germany 15-Year Perspective for Digital Education
Content by End-Use – Percentage Breakdown of Value Revenues for
K-12 and Higher Education for the Years 2012, 2020 & 2027

ITALY
Table 34: Italy Current & Future Analysis for Digital Education
Content by End-Use – K-12 and Higher Education – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 35: Italy Historic Review for Digital Education Content
by End-Use – K-12 and Higher Education Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 36: Italy 15-Year Perspective for Digital Education
Content by End-Use – Percentage Breakdown of Value Revenues for
K-12 and Higher Education for the Years 2012, 2020 & 2027

UNITED KINGDOM
Market Overview
Market Analytics
Table 37: UK Current & Future Analysis for Digital Education
Content by End-Use – K-12 and Higher Education – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 38: UK Historic Review for Digital Education Content by
End-Use – K-12 and Higher Education Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 39: UK 15-Year Perspective for Digital Education Content
by End-Use – Percentage Breakdown of Value Revenues for K-12
and Higher Education for the Years 2012, 2020 & 2027

SPAIN
Market Overview
Market Analytics
Table 40: Spain Current & Future Analysis for Digital Education
Content by End-Use – K-12 and Higher Education – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 41: Spain Historic Review for Digital Education Content
by End-Use – K-12 and Higher Education Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 42: Spain 15-Year Perspective for Digital Education
Content by End-Use – Percentage Breakdown of Value Revenues for
K-12 and Higher Education for the Years 2012, 2020 & 2027

RUSSIA
Table 43: Russia Current & Future Analysis for Digital
Education Content by End-Use – K-12 and Higher Education –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 44: Russia Historic Review for Digital Education Content
by End-Use – K-12 and Higher Education Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 45: Russia 15-Year Perspective for Digital Education
Content by End-Use – Percentage Breakdown of Value Revenues for
K-12 and Higher Education for the Years 2012, 2020 & 2027

REST OF EUROPE
SELECT REGIONAL MARKETS
BULGARIA
TURKEY
LIBERIA
Market Analytics
Table 46: Rest of Europe Current & Future Analysis for Digital
Education Content by End-Use – K-12 and Higher Education –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 47: Rest of Europe Historic Review for Digital Education
Content by End-Use – K-12 and Higher Education Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2012 through 2019 and % CAGR

Table 48: Rest of Europe 15-Year Perspective for Digital
Education Content by End-Use – Percentage Breakdown of Value
Revenues for K-12 and Higher Education for the Years 2012, 2020 &
2027

ASIA-PACIFIC
Table 49: Asia-Pacific Current & Future Analysis for Digital
Education Content by Geographic Region – Australia, India,
South Korea and Rest of Asia-Pacific Markets – Independent
Analysis of Annual Sales in US$ Million for Years 2020 through
2027 and % CAGR

Table 50: Asia-Pacific Historic Review for Digital Education
Content by Geographic Region – Australia, India, South Korea
and Rest of Asia-Pacific Markets – Independent Analysis of
Annual Sales in US$ Million for Years 2012 through 2019 and %
CAGR

Table 51: Asia-Pacific 15-Year Perspective for Digital
Education Content by Geographic Region – Percentage Breakdown
of Value Sales for Australia, India, South Korea and Rest of
Asia-Pacific Markets for Years 2012, 2020 & 2027

Table 52: Asia-Pacific Current & Future Analysis for Digital
Education Content by End-Use – K-12 and Higher Education –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 53: Asia-Pacific Historic Review for Digital Education
Content by End-Use – K-12 and Higher Education Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2012 through 2019 and % CAGR

Table 54: Asia-Pacific 15-Year Perspective for Digital
Education Content by End-Use – Percentage Breakdown of Value
Revenues for K-12 and Higher Education for the Years 2012, 2020 &
2027

AUSTRALIA
Table 55: Australia Current & Future Analysis for Digital
Education Content by End-Use – K-12 and Higher Education –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 56: Australia Historic Review for Digital Education
Content by End-Use – K-12 and Higher Education Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2012 through 2019 and % CAGR

Table 57: Australia 15-Year Perspective for Digital Education
Content by End-Use – Percentage Breakdown of Value Revenues for
K-12 and Higher Education for the Years 2012, 2020 & 2027

INDIA
Market Overview
Online Education in India
Key Trends of Online Education Market
Market Analytics
Table 58: India Current & Future Analysis for Digital Education
Content by End-Use – K-12 and Higher Education – Independent
Analysis of Annual Revenues in US$ Million for the Years 2020
through 2027 and % CAGR

Table 59: India Historic Review for Digital Education Content
by End-Use – K-12 and Higher Education Markets – Independent
Analysis of Annual Revenues in US$ Million for Years 2012
through 2019 and % CAGR

Table 60: India 15-Year Perspective for Digital Education
Content by End-Use – Percentage Breakdown of Value Revenues for
K-12 and Higher Education for the Years 2012, 2020 & 2027

SOUTH KOREA
Market Overview
Market Analytics
Table 61: South Korea Current & Future Analysis for Digital
Education Content by End-Use – K-12 and Higher Education –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 62: South Korea Historic Review for Digital Education
Content by End-Use – K-12 and Higher Education Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2012 through 2019 and % CAGR

Table 63: South Korea 15-Year Perspective for Digital Education
Content by End-Use – Percentage Breakdown of Value Revenues for
K-12 and Higher Education for the Years 2012, 2020 & 2027

REST OF ASIA-PACIFIC
SELECT REGIONAL MARKETS
MALAYSIA
MALDIVES
Market Analytics
Table 64: Rest of Asia-Pacific Current & Future Analysis for
Digital Education Content by End-Use – K-12 and Higher
Education – Independent Analysis of Annual Revenues in US$
Million for the Years 2020 through 2027 and % CAGR

Table 65: Rest of Asia-Pacific Historic Review for Digital
Education Content by End-Use – K-12 and Higher Education
Markets – Independent Analysis of Annual Revenues in US$
Million for Years 2012 through 2019 and % CAGR

Table 66: Rest of Asia-Pacific 15-Year Perspective for Digital
Education Content by End-Use – Percentage Breakdown of Value
Revenues for K-12 and Higher Education for the Years 2012, 2020 &
2027

LATIN AMERICA
SELECT REGIONAL MARKETS
BRAZIL
MEXICO
Market Analytics
Table 67: Latin America Current & Future Analysis for Digital
Education Content by End-Use – K-12 and Higher Education –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 68: Latin America Historic Review for Digital Education
Content by End-Use – K-12 and Higher Education Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2012 through 2019 and % CAGR

Table 69: Latin America 15-Year Perspective for Digital
Education Content by End-Use – Percentage Breakdown of Value
Revenues for K-12 and Higher Education for the Years 2012, 2020 &
2027

REST OF WORLD
FOCUS ON SELECT MARKETS
QATAR
SAUDI ARABIA
UNITED ARAB EMIRATES (UAE)
AFRICA
SOUTH AFRICA
SOUTH SUDAN
TANZANIA
Market Analytics
Table 70: Rest of World Current & Future Analysis for Digital
Education Content by End-Use – K-12 and Higher Education –
Independent Analysis of Annual Revenues in US$ Million for the
Years 2020 through 2027 and % CAGR

Table 71: Rest of World Historic Review for Digital Education
Content by End-Use – K-12 and Higher Education Markets –
Independent Analysis of Annual Revenues in US$ Million for
Years 2012 through 2019 and % CAGR

Table 72: Rest of World 15-Year Perspective for Digital
Education Content by End-Use – Percentage Breakdown of Value
Revenues for K-12 and Higher Education for the Years 2012, 2020 &
2027

IV. COMPETITION
Total Companies Profiled: 51
Read the full report: https://www.reportlinker.com/p05895951/?utm_source=GNW

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Artificial Intelligence

TerraPay and Al Ansari Exchange Partner to Simplify Money Transfer

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DUBAI, UAE, May 14, 2024 /PRNewswire/ — TerraPay, a prominent global money movement company, has partnered with Al Ansari Exchange, the largest remittance and foreign exchange company in the UAE and a subsidiary of Al Ansari Financial Services PJSC [DFM: ALANSARI]. TerraPay’s global payment solutions for local payout needs integrated with Al Ansari Exchange’s extensive network expands both organisations scope of operations and improves their capabilities to serve a broader customer base with efficient, secure, and seamless transactions.

With its strong portfolio of financial services and customer-centric approach, Al Ansari Exchange provides its clientele with flexible and reliable remittance options. The latest partnership will allow TerraPay to capitalise on this expertise and expand its presence in the UAE, in line with the company’s strategic objectives of expanding its global footprint and enhancing its offerings.
Ani Sane, Co-founder & Chief Business Officer at TerraPay, commented, “We are thrilled to partner with Al Ansari Exchange, a respected name with a rich heritage in the UAE. This partnership allows us to leverage combined strengths and capabilities. Together, we are prepared to extend our services and better serve customers, making cross-border transactions more seamless and accessible.”
Ali Al Najjar, Chief Operating Officer at Al Ansari Exchange, said, “We are delighted to enter into this strategic partnership with TerraPay, a leading force in global money transfer. This collaboration signifies our commitment to providing our customers with flexible and reliable remittance options. TerraPay’s global network and innovative technology complements our expertise, allowing us to offer a wider range of services.”
The strategic collaboration was unveiled at Seamless Middle East 2024, highlighting how both entities are committed to leveraging technology to enhance the remittance ecosystem. Together, the companies promise to empower clients by enhancing global connectivity, promoting financial inclusion, and driving economic growth in the regions they serve.
About TerraPay:
TerraPay simplifies the movement of money everywhere – providing a single connection to the most expansive cross-border payments network regulated in 31 global markets and enabling payments to 141 receive countries, 210+ send countries, 7.5Bn+ bank accounts and 2.1Bn+ mobile wallets. TerraPay is on a mission to connect a borderless financial world, making moving money everywhere instant, reliable, transparent and fully compliant. TerraPay pushes the boundaries for global businesses – ranging from banks, fintechs and money-transfer operators to travel businesses, creator economy platforms and e-commerce marketplaces – while driving financial inclusion in even the most inaccessible markets. Founded in 2014, TerraPay is headquartered in London, with global offices in Bangalore, Dubai, Miami, Bogota, Dar es Salaam, Kampala, Hague, Dakar, Joburg, Nairobi, Milan, Singapore and is expanding rapidly, having received funding from leading investors, including the IFC (the World Bank), Prime Ventures, Partech Africa and Visa.
About Al Ansari Exchange:
Al Ansari Exchange, the subsidiary of Al Ansari Financial Services P.J.S.C. and the largest outward personal remittance and foreign exchange company in the UAE.
Al Ansari Exchange, established in 1966 and licensed by the Central Bank of the UAE, is the UAE’s first exchange company that grown to be the largest outward personal remittance and foreign exchange company in the country with over 256 branches across the Emirates (as of December 2023). With over 4500 multilingual employees, the Company conducts 134 thousand transactions per day (as of December 2023). Al Ansari Exchange has contributed about 40% of the core operating income of exchange houses in the country and constituted 74% of the consolidated net profit for the exchange houses. In terms of contribution to the foreign exchange business, Al Ansari Exchange made up 32% of the income generated by exchange houses as well as 46% of income in the remittance business. Since its founding, the Company has significantly scaled its digital presence through its award-winning app, website and in-branch smart counters, enabling it to capture a 41% share of the digital outward personal remittances market among exchange houses in 2021, according to a report by Edgar, Dunn and Company.
For more information visit: www.alansari.ae
For media inquiries, please contact:
Juveria Samrin [email protected] 
Dana KhalafCorporate Communications and Investor RelationsAl Ansari Financial ServicesTel: (971 4) [email protected]
Logo: https://mma.prnewswire.com/media/1222771/TerraPay_Logo.jpg

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Artificial Intelligence

UST to Train Over 25,000 Employees in Generative AI Technologies

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Pioneering program will augment the abilities of UST’s workforce while equipping them with cutting-edge skills and knowledge
MELBOURNE, Australia, May 15, 2024 /PRNewswire/ — UST, a leading digital transformation solutions company, has launched a groundbreaking new initiative to train over 25,000 of its employees globally in Generative AI (GenAI) and provide opportunities for career advancement. This ambitious program builds on UST’s long history in artificial intelligence (AI). It underscores its commitment to comprehensive workforce training and upskilling, keeping its talented personnel future-ready and always at the cutting edge of technological innovation.

The AI training program exemplifies UST’s commitment to leveraging its considerable knowledge and expertise to maintain its leadership position in this rapidly evolving field. The program comes just months after the unveiling of UST AlphaAI, which consolidates the company’s AI offerings to enhance business agility, streamline operations, and accelerate digital transformation journeys.
UST will offer a range of GenAI training programs that are specifically tailored to its employees and their different roles and responsibilities, improving efficiency while helping each employee reach their own unique potential. The comprehensive training program will build upon insights gained through UST’s rich history of collaboration and partnership with distinguished AI researchers from renowned academic institutions such as the MIT Computer Science & Artificial Intelligence Laboratory and the Stanford Artificial Intelligence Laboratory. This legacy of close collaboration with leading researchers will help UST expand on its culture of continuous learning by bringing the latest academic breakthroughs to its workforce.
“Our comprehensive GenAI training initiative will set a new industry standard and bring over 25,000 employees up to speed on everything from foundational GenAI concepts to cutting-edge applications. Adaptable and customizable for each participant, the flexible training program provides hands-on experience with industry-leading tools and platforms like GitHub Copilot, setting our employees up for future success by ensuring that they can apply GenAI capabilities across diverse domains,” said Sunil Balakrishnan, Chief Values Officer and Global Head – Development Centre Operations, UST.
“At UST, we recognize that the key to staying competitive in today’s fast-paced digital landscape lies in the continuous upskilling of our workforce. As GenAI continues to revolutionize industries and transform business operations, we remain dedicated to equipping our employees with the tools and knowledge they need to leverage these cutting-edge technologies effectively,” said Dr. Adnan Masood, Chief AI Architect, UST.
This pioneering GenAI training initiative exemplifies UST’s commitment to fostering a dynamic, future-ready workforce that remains at the forefront of GenAI advancements. By further augmenting the talents of UST employees, the training program will drive innovation and create a meaningful impact for clients and partners alike.
About UST
For more than 24 years, UST has worked side by side with the world’s best companies to make a real impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Through our nimble approach, we identify their core challenges, and craft disruptive solutions that bring their vision to life. With deep domain expertise and a future-proof philosophy, we embed innovation and agility into our clients’ organizations—delivering measurable value and lasting change across industries, and around the world. Together, with over 30,000 employees in 30+ countries, we build for boundless impact—touching billions of lives in the process. Visit us at www.UST.com.
Media Contacts, UST:Tinu Cherian Abraham+1 (949) 415-9857
Merrick Laravea+1 (949) 416-6212
Neha Misri+91-9284726602
Roshni Das K+91 [email protected]
Media Contacts, India:Adfactors [email protected]
Media Contacts, U.S.:S&C [email protected]
[email protected]
Media Contacts, U.K.:FTI [email protected]
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Artificial Intelligence

Wondershare showcases its Enterprise Solution Excellence at VivaTech 2024 in Paris

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wondershare-showcases-its-enterprise-solution-excellence-at-vivatech-2024-in-paris

VANCOUVER, BC, May 14, 2024 /PRNewswire/ — Wondershare, a leading developer of creative and productivity software solutions, today announced its participation in VivaTech 2024, Europe’s biggest technology and startup event,. Wondershare is set to demonstrate its unwavering dedication to small and medium-sized businesses (SMBs) and corporate clients at VivaTech 2024. The event will take place from May 22nd to 25th, 2024, at Hall One-M14, Paris Expo Porte de Versailles.

Under the theme “Get Work Done Fast and Unleash Furious Creativity” Wondershare will unveil the latest version of its flagship creative and productivity suite, featuring Filmora, PDFelement, and Edraw.
Wondershare’s commitment to excellence is further underscored by the recent accolades received by PDFelement and HiPDF, with 58 G2 Awards, including the prestigious Leaders award and Highest Users Adoption recognition.
Meanwhile, Filmora has launched a new desktop update, enhancing user experience with key UI/UX improvements and intelligent color grading options. This update includes hundreds of filters and LUTs, catering to marketers, educators, and creators of all levels. By integrating Microsoft AI by adding the personal speech feature in, Filmora will continuously bring in surprises to the esteemed users.
Additionally, Wondershare Edraw continues to uphold its reputation by introducing EdrawMax’s new AI-native page for instant diagram creation. Users can input text and receive a diagram in 10 seconds that can be downloaded and edited for customization. Meanwhile, EdrawMax has expanded to include 24 AI diagram types, such as flowcharts, mind maps, timelines, and more.
“As VivaTech 2024 approaches, we eagerly anticipate showcasing our latest innovations. We extend a warm welcome to our prestigious clients and users to visit our booth. It’s a prime opportunity to experience firsthand how our products can revolutionize workflows and unleash your full potential.” – Iris L, PR Director at Wondershare.
For media inquiries, please contact [email protected].
For more information about Wondershare, please visit Wondershare.
About Wondershare
As a renowned global leader in creativity and productivity solutions, Wondershare is dedicated to making cutting-edge technology accessible to everyone, fostering increased efficiency and creativity. Our commitment to excellence has been recognized through prestigious accolades from organizations like The Shorty Awards, G2, and GetApp. With a user base spanning over 100 million individuals across 150 countries, we offer diverse software solutions encompassing video editing, PDF manipulation, data recovery, diagram creation, graphic design, and more.
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