Artificial Intelligence
E-Learning Market is Projected to Hit USD 848.12 Billion at a CAGR of 17.54% by 2030 – Report by Facts & Factors (FnF)
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SAN FRANCISCO, U.S., Feb. 02, 2023 (GLOBE NEWSWIRE) — Facts and Factors has published a new research report titled “E-Learning Market Size, Share, Growth Analysis Report By Learning Mode (Instructor-Led and Self-Paced), By Application (Government, Academic, and Corporate), By Delivery Mode (Learning Management Software, Packaged Content, and Others), By Function (Testing and Training), and By Region – Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2030” in its research database.
“According to the latest research study, the demand of global E-Learning Market size & share was valued at approximately USD 210.1 billion in 2021. The market is expected to grow above a CAGR of 17.54% and is anticipated to reach over USD 848.12 billion by 2030.”
The report analyzes the E-Learning market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the global E-Learning market.
E-Learning Market Overview:
E-learning is described as a formalized learning system that requires the use of electronic devices for delivery purposes. In E-learning systems, the study sessions may be conducted inside or outside of the classroom but the use of electronic devices to provide an enhanced learning experience is critical to e-learning and acts as the defining factor. It can also be defined as an ecosystem powered by a network for the transfer of skills or knowledge in which information can be passed from the instructor to the students at the same time or at different times.
A few years ago, the teaching methodology was not accepted by many institutes as the idea of lacking a human element could not be comprehended. However, the main turning point for the e-learning sector arrived in 2020, during the pandemic when every aspect of teaching or learning was transferred to digital devices which was further encouraged by the rapid application of enhanced technology and system to deliver the sessions.
E-learning is scalable in many ways and offers personalization options which means teachers can focus on each student individually as opposed to the traditional method. A recent research study reported that students are likely to retain educational teaching at least 25% to 60% more in the case of e-learning when compared to teachings in physical classrooms.
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Report Scope:
| Report Attribute | Details |
| Market Size in 2021 | USD 210.1 Billion |
| Projected Market Size in 2030 | USD 848.12 Billion |
| CAGR Growth Rate | 17.54% CAGR |
| Base Year | 2021 |
| Forecast Years | 2022-2030 |
| Key Market Players | Articulate Global LLC, Adobe, Aptara Inc., SAP SE, Citrix Systems Inc., D2L Corporation, Microsoft Corporation, Cisco Systems Inc., and others. |
| Key Segment | By Learning Mode, Application, Delivery Mode, Function, and Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
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Industry Drivers
The global e-learning market is projected to be pushed by the growing sales of electronic devices making e-learning more accessible. Earlier, one of the major restrictions on e-learning or digital classrooms was the lack of access to smart devices due to factors like unaffordability, the high price of equipment, and the lack of options. However, powered by an increase in investments in the digital sector, there are multiple options for internet-powered smart devices present in the commercial market.
Furthermore, factors like the availability of financial assistance, discount offers, and new products launched across price ranges along with other elements like growing employment rate, the growing standard of living, and high dependency on mobile devices have led to overall growth in the demand and sale of smart equipment like laptops, mobile phones, and tablets.
The global market may register higher growth due to the increasing investments by corporates and business organizations in upskilling their existing employees. Companies realize the importance of human resources and prefer to invest in them to reap high benefits. The trend of companies sponsoring educational activities and training programs may have registered high growth in recent times.
Restraints
One of the critical factors that could impede the global market growth trend is the need for continuous product innovations. Since the number of players in the market has increased considerably, the competition is getting tougher. Consumers have become sure of what they expect from the service providers and factors like the integration of machine learning and artificial intelligence to provide superior user experience are acting as the determining factors in the success of a certain brand.
Challenges
The growing number of players may provide market growth opportunities whereas the rising cases of cheating may act as a major challenge.
Browse the full “E-Learning Market Size, Share, Growth Analysis Report By Learning Mode (Instructor-Led and Self-Paced), By Application (Government, Academic, and Corporate), By Delivery Mode (Learning Management Software, Packaged Content, and Others), By Function (Testing and Training), and By Region – Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2022 – 2030” Report at https://www.fnfresearch.com/e-learning-market
Key Insights from Primary Research
- As per the analysis, the E-Learning market is likely to grow above a CAGR of around 17.54% between 2022 and 2030.
- The E-Learning market size was worth around US$ 210.1 billion in 2021 and is estimated to hit approximately US$ 848.12 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- The market is projected to grow at a significant rate due to the excellent benefits offered by e-learning
- Based on learning mode segmentation, self-paced was predicted to show maximum market share in the year 2021
- Based on delivery mode segmentation, packaged content was the leading model in 2021
- On the basis of region, North America was the leading revenue generator in 2021
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E-Learning Market: Segmentation Analysis
The global e-learning market is segmented based on learning mode, application, delivery mode, function, and region
Based on application, the global market divisions are government, academic, and corporate. The global market registered the highest growth in the corporate segment in 2021 and may grow at a CAGR of 15.25% during the forecast period.
The growth was driven by the shift of work culture to remote working during the pandemic which meant that the companies had to invest in e-learning programs to conduct training sessions or provide any other assistance to the employees. The segment is expected to become one of the most lucrative investment opportunities in the coming years.
Based on function, the global market is segmented into testing and training with the latter dominating the segment growth in the coming years. As per estimates, the training segment may grow at a CAGR of 12.59% as online training is known to have several benefits over conventional ways of knowledge transfer. The testing segment may also grow at a considerable rate owing to the increasing shift toward online platforms for assessment purposes.
Regional Analysis:
North America is anticipated to lead the global e-learning market driven by the presence of the highly advanced education sector of the USA. The country’s education system is one of the most well-funded and highly renowned segments across the globe which attracts millions of students annually from every part of the world.
The regional growth could be propelled by the high investment rate of corporates undertaking skill development programs for employees. Growth in Asia-Pacific is projected to reach new heights due to the growing market for e-learning fueled by the emergence of multiple domestic players catering to the requirements of a large section of the regional population.
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Competitive Players
The report contains qualitative and quantitative research on the global E-Learning market, as well as detailed insights and development strategies employed by the leading competitors.
Some of the main players in the global E-Learning market include
- Articulate Global LLC
- Adobe
- Aptara Inc.
- SAP SE
- Citrix Systems Inc.
- D2L Corporation
- Microsoft Corporation
- Cisco Systems Inc.
Recent Industry Developments:
- In April 2022, Pearson announced the acquisition of Mondly. The former is one of the world’s leading learning companies while the latter is an international digital platform specializing in language learning
- In September 2022, SpringPeople announced the launch of a new e-learning platform with a library of more than 400 courses
The global E-Learning market is segmented as follows:
By Learning Mode
- Instructor-Led
- Self-Paced
By Application
- Government
- Academic
- Corporate
By Delivery Mode
- Learning Management Software
- Packaged Content
- Others
By Function
- Testing
- Training
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Artificial Intelligence
Behavior Analytics Market worth $13.4 billion by 2029- Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Sept. 11, 2024 /PRNewswire/ — The Behavior Analytics Market is expected to reach USD 13.4 billion by 2029 from USD 5.5 billion in 2024, at a Compound Annual Growth Rate (CAGR) of 19.5% during the forecast period, according to a new report by MarketsandMarkets™.
Browse in-depth TOC on “Behavior Analytics Market”
250 – Tables 50 – Figures300 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2019–2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD) Billion
Segments covered
By Offering (Solutions and Services), Type (Customer Centric, Employee Centric), Application (Customer Engagement, Brand Promotion, Workforce Optimization, Threat Detection & Prevention, and Other Applications), Vertical (BFSI, Retail & eCommerce, Telecom, IT & ITES, Media & Entertainment, Healthcare, Government & Defense, Travel & Hospitality, and Other Verticals)
Region covered
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America
Companies covered
Qualtrics (US), OpenText (Canada), Microsoft (US), Cisco Systems, Inc. (US), IBM (US), Zoho Corporation (India), Oracle (US), Varonis Systems, Inc. (US), Fortinet, Inc. (US), Securonix (US), Teradata (US), Google (US), Adobe (US), SAS Institute (US), Qlik (US), 84.51˚ (US), Contentsquare (France), Exabeam (US), Clevertap (US), Dtex Systems (US), Mouseflow (US), Gurucul (US), Netspring (US), Visier, Inc. (Canada), Teramind (US), SplashBI (US), Amplitude (US), and Prohance (India)
Behavior analytics is a surging functionality that has immense significance in the betterment of cybersecurity and operational efficiency. It empowers organizations to identify the anomaly, insider threat, and probable fraud by harnessing the power of user and entity behavior analytics. Similarly, as business enterprises gradually adopt higher-level technology Al and machine learning behavior analytics solutions also increase in terms of accuracy and adaptability. This allows the maturing of security postures, reduction of operational risks, and the making of data-driven decisions in pacing up to the threats that are rapidly morphing. The market is segmented on the basis of offering, type, application, and vertical. Offering includes solutions like user and entity behavior, A/B testing, Feedback and voice of the customer (VOC), Heatmap among other solutions like session replay, website conversion optimization. This further can be divided into customer-centric and employee-centric. Applications in this segment involve customer engagement, brand promotion, workforce optimization, threat detection, and prevention applications, many more of which get further categorized into applications like personalized recommendations, product development, and compliance management. The verticals segment includes BFSI, Retail & Ecommerce, Telecom, IT & ITES, Media & Entertainment, Healthcare, Government & Defense, Travel & Hospitality, and Other verticals, which include Transportation & Logistics and Energy & Utilities. These together provide a composite, deep view into the evolving landscape of behavioral analytics and its likely business implications.
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Based on application, customer engagement segment to hold the largest market size during the forecast period.
Customer engagement would have the largest market size during the forecast period, owing to the fact that this segment potentially might register high growth by enhancing and personalizing customer interactions. Enterprises are leveraging behavior analytics to develop rich insights into customer preferences, purchasing habits, and interaction patterns. It therefore allows business organizations to come up with highly targeted marketing strategies, to base most of their offerings on the needs of customers, and to improve the quality of service. On the other hand, this better satisfies and creates more loyalty among customers, which again turns into more efficient strategies of customer engagement and retention. Coupled with this, the delivery of customized experiences that would be carried out in a way that would give a differentiating edge over their peers, especially with regard to closer ties with customers, has increased demand for behavior analytics solutions in the customer engagement space.
Based on offering, the service segment is expected to hold a higher growth rate during the forecast period.
The service segment is bound to grow at a higher rate in the forecast period, as more demand arises for support and expertise to deploy and manage behavior analytics solutions. In contrast to product-based offerings, services are comprehensive in nature, where implementation and customization, continuous support would be required to use such behaviour analytics tools to their full functionality by organizations. Consequently, the business starts striving to adopt these solutions in their existing system and optimally tunes them for its needs; therefore, increasing demand for professional consulting, training, and technical support. On the whole, behavior analytics solutions are complex in nature and require special kinds of knowledge and are always in a phase of maintenance in order to fight off threats and problems of businesses.
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Asia Pacific is expected to hold a higher growth rate during the forecast period.
The factors that may drive the market growth rate higher in this region during the forecast period include the rapid digital transformation in Asia-Pacific and increasing adoption of advanced technologies, including cloud computing, Al, and machine learning, which are part and parcel of behavior analytics solutions. As companies in the region look toward improving cybersecurity and gaining better insights into user behavior, demand is high, surging for tools that can provide behavior analytics. This coupled with the rise in cyber threats and data breaches has called for organizations. As such, they tend to incur more expenditures for better analytics solutions while securing their assets. Again, the rising middle-class populations, together with growing technology start-ups and established firms, create the demand for behavior analytics to achieve operational efficiency and consumer engagement. In this regard, the mix of technological growth, heightened security concerns, and growing digital economy acts as the underpinning for the higher growth rate in the Behavior Analytics Market of APAC.
Top Key Companies in Behavior Analytics Market:
The major vendors covered in the Behavior Analytics Market are Qualtrics (US), OpenText (Canada), Microsoft. (US), Cisco Systems, Inc. (US), IBM (US), Zoho Corporation (India), Oracle (US), Varonis Systems, Inc. (US), Fortinet, Inc. (US), Securonix (US), Teradata (US), Google (US), Adobe (US), SAS Institute (US), Qlik (US), 84.51° (US), Contentsquare (France), Exabeam (US), Clevertap (US), Dtex Systems (US), Mouseflow (US), Gurucul (US), Netspring (US), Visier, Inc. (Canada), Teramind (US), SplashBI (US), Amplitude (US), Prohance (India). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their footprint in the Behavior Analytics Market.
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Artificial Intelligence
eQ Technologic Appoints New CEO, Kunal Khaladkar, to Continue to Drive Business Strategy and Innovation
Amid the passing of founder and CEO, Dinesh Khaladkar, eQ remains committed to client service and its corporate vision of accelerating digital transformation
COSTA MESA, Calif., Sept. 11, 2024 /PRNewswire/ — With profound sadness, eQ Technologic, Inc., the developers of the eQube®-DaaS Platform, announce the passing of their founder, president, and CEO, Dinesh Khaladkar. Following his untimely passing last month, the board followed Dinesh’s succession plan, appointing Kunal Khaladkar as the president and CEO, to carry forward Dinesh’s legacy as an entrepreneur and grow eQ to greater heights.
Dinesh founded eQ Technologic on Sept. 11, 2000, exactly 24 years ago, and went on to build one of the most revolutionary and disruptive data integration and analytics platforms, eQube®-DaaS. He spearheaded strategic business and partnership development, ensured a customer-centric focus, and drove the direction of internal product and technology development at eQ. With his pioneering vision and relentless drive, the organization steadily grew to have 900+ employees around the globe, offices in four countries, 550+ customers across eight industries, and 150+ partners in its robust network.
As the company enters its 25th year, Kunal Khaladkar steps into the role of president and CEO of eQ Technologic. Kunal will continue to drive the business strategy and innovation, while ensuring alignment with the corporate vision and mission.
“My father, Dinesh, had a pioneering vision that built eQ Technologic into a global leader in data integration and analytics,” said Kunal Khaladkar, president and CEO. “As we honor his legacy, I am committed to leading eQ forward with the same dedication to innovation and excellence that he instilled in all of us. We are 1eQ, and we continue to simply deliver.”
Since joining the company a decade ago, Kunal has held various positions within the company. Starting as a software engineer working on product development, he has since transitioned to lead several customer implementations as well as business development initiatives. With deep technical expertise coupled with a keen business acumen and a strong pulse on customer needs, he brings together the perfect blend of technology, business, and stakeholder management, to enable value creation, growth, and long-term customer success.
About eQ Technologic
Over the past two decades, eQ has been instrumental in accelerating digital transformation across industries such as Aerospace & Defense, Department of Defense, Automotive, Energy, Heavy-Machinery, Electronics, High-Tech, Electronics, Consumer Packaged Goods (CPG), and more. The Low/No-Code eQube®-DaaS (Data as a Service) Platform establishes a Data Fabric with a connected network of integrated data, applications and devices that puts the power of analytics in the hands of end users, leading to Actionable Insight. eQ’s 100+ OOTB plug and play Connectors connect disparate heterogeneous systems in an instant, empowering organizations to work with any data, any format, any API, any speed, with any system, any application, and any device without writing any code. It enables secure, scalable, and robust information collaboration while honoring security rules. This enables eQ to offer solutions like Digital Thread, CLM (Closed Loop Manufacturing), Multi-PLM Solutions, For-purpose Apps, API Factory with Common Data Model, and many others. Some of eQ’s marquee customers include Lockheed Martin, Northrop Grumman, US Navy, Rolls-Royce, Collins Aerospace, Pratt & Whitney, Adient, ULA, Moog, Micron Technologies, Boeing, General Electric, Siemens Energy, Panasonic, EDF, and General Dynamics, to name a few. For more information, please visit www.1eQ.com and www.linkedin.com/company/eq-technologic/.
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Artificial Intelligence
Smart Glasses Market worth $4,129.3 million by 2030 – Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Sept. 11, 2024 /PRNewswire/ — The global smart glasses market is projected to reach USD 4,129.3 million by 2030 from USD 878.8 million in 2024; it is expected to grow at a CAGR of 29.4% according to a new report by MarketsandMarkets™. Key factors propelling the market growth include the rapid technological advancements, increased demand for AR smart glasses, and growing adoption in the industrial sector. Moreover, developments in 5G technologies, and consumer market expansion are expected to create significant opportunities for the smart glasses market. Regulatory constraints, safety concerns and continuously changing consumer preferences are expected to be restraining factors for the smart glasses market. Technical limitations such as the need for miniaturized components for smart glasses considering their smaller sizes are expected to create challenges for the smart glasses market. Increasing technological advancements in display technology, sensor technology, and processors are expected to drive market growth. Furthermore, the ability to offer an immersive and more interactive experience is enabling the growth of AR and MR smart glasses adoption. Demand for advanced MR smart glasses in industries such as manufacturing, warehousing, and healthcare for training of employees, and remote assistance is also driving the growth of the smart glasses market.
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Browse in-depth TOC on “Smart Glasses Market”
181 – Tables75 – Figures261 – Pages
Smart Glasses Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 878.8 million
Estimated Value by 2030
$ 4,129.3 million
Growth Rate
Poised to grow at a CAGR of 29.4%
Market Size Available for
2020–2030
Forecast Period
2024–2030
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Type, Feature, Industry, and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Technical limitations
Key Market Opportunities
Developments in 5G technology
Key Market Drivers
Growing adoption in industrial sector
Monocular smart glasses segment to grow at a significant CAGR during the forecast period.
Monocular smart glasses are expected to grow at a significant CAGR during the forecast period, driven by enhanced performance and safety features. Monocular smart glasses are generally light and compact, thus enhancing comfort during extended-use conditions. It is used in logistics, maintenance, and field services where hands-free information is needed. These monocular smart glasses increase efficiency and accuracy while reducing the margins of error by overlaying data and instructions directly on the user’s display to make guidelines and handbooks accessible to engineers and field personnel while working on the field.
Basic smart glasses segment to grow at significant CAGR between 2024 and 2030.
Faster adoption in the consumer sector for listening to music and attending phone calls hands-free is set to boost basic smart glasses growth. Basic smart glasses have with built-in audio systems that enable users to listen to music, take phone calls, and receive audio notifications. These features enable users to directly listen to the audio content through the smart glasses and eliminate the use of external earphones. With the use of such smart glasses, users can enjoy their favorite tunes without wires; and they can manage voice calls because hands-free communication is facilitated with integrated microphones. Users get navigation instructions through real-time audio guidance. Using these glasses, users can also listen to audiobooks and podcasts because the facility of immersive listening experiences on the go is offered.
Automotive segment to grow at a significant CAGR during forecast period.
The automotive sector uses smart glasses to speed car maintenance and increase driving safety. With features like hands-free operation, augmented reality navigation, and real-time data presentation, these devices improve driving safety and efficiency. Smart glasses with augmented reality capabilities can assist mechanics with vehicle maintenance. When a mechanic stares at a specific location of an automobile, for instance, the smart glasses can display a digital overlay with torque settings, repair directions, and technical details. This feature significantly reduces the time required for diagnosis and repairs and speeds up the repair process by providing fast access to critical information.
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Europe region is likely to offer significant growth opportunities in the global smart glasses industry during the forecast period.
Technological advancements in AR and VR technologies, growing demand from gaming and entertainment, integration with consumer electronics devices, and demand from industries such as healthcare are expected to be the drivers for the smart glasses market in the European region.
The increasing adoption in the German automotive industry for improving efficiency, quality, and safety across the industry, rising demand from healthcare, education & research in UK, and increasing demand from tourism and presence of some of large smart glasses manufacturers in France are the significant drivers for European smart glasses market.
Some of the key players in the smart glasses companies include Meta (US), EssilorLuxottica (France), Seiko Epson Corporation (Japan), Amazon.com, Inc. (US), TCL Electronics Holdings Limited (China), Vuzix (US), Lenovo (China), LUCYD EYEWEAR (US), Xiaomi (China), and Huawei Investment & Holding Co., Ltd. (China).
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About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact: Mr. Rohan SalgarkarMarketsandMarkets™ INC. 1615 South Congress Ave.Suite 103, Delray Beach, FL 33445USA: +1-888-600-6441Email: [email protected] Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/smart-glasses-companies.aspContent Source: https://www.marketsandmarkets.com/PressReleases/smart-glasses.asp
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