Artificial Intelligence

Global Hybrid Learning Tools Market is Expected to reach USD 1 billion by 2030

Published

12 months ago

June 27, 2023

New York, June 27, 2023 (GLOBE NEWSWIRE) — Market Overview:

According to the latest research report published by DataM Intelligence, the Global Hybrid Learning Tools Market was valued at US$ 0.4 billion in 2022 and is projected to reach US$ 1 billion by 2030. The market is expected to witness a 10.8% CAGR during the forecast period 2023-2030. The global hybrid learning tools market is segmented based on type, end-user and region.

North America is expected to contribute significantly to the market growth due to sophisticated digital learning platforms and increased investments in educational learning. Some of the key players in the market include D2L Corporation, Skillsoft, Blackboard Inc., Cegos, GP Strategies, Microsoft Corporation, Cisco Systems, Inc, Schoology, Inc., Desire2Learn (Brightspace) and Aptara Inc.

The global hybrid learning tools market has grown significantly in recent years due to technological improvements, increased acceptance of blended learning models and the influence of the COVID-19 pandemic. Traditional classroom teaching is combined with online or virtual learning to provide a flexible and individualized approach to education.

China has one of the world’s biggest education marketplaces, with many students and educational institutions. The country’s dedication to education and its emphasis on technological integration in the education sector has produced an enabling climate for adopting hybrid learning technologies. The sheer scale of the industry provides enormous development prospects for global hybrid learning tool providers, with more than 44.8% of the regional market share in 2022.

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Market Drivers:

Corporate Training and Professional Development

Corporate training and professional development are critical drivers of the global hybrid learning tools industry. Organizations acknowledge the significance of continual learning to remain competitive in today’s quickly changing business environment. Corporate training and professional development programs help workers upskill and reskill, improve their performance and advance their careers. Hybrid learning solutions combine online modules with in-person meetings or virtual classrooms to give a flexible and efficient approach to conducting training programs.

Employees may use hybrid learning solutions to access training materials and resources at their leisure. They may take online classes, access instructional information and engage in interactive learning activities anytime and from any location. This flexibility enables workers to manage their job obligations while investing in their professional growth, leading to a surge in hybrid learning technologies in the Corporate Training industry.

Continuous Skill Development is Emphasized

The focus on continual skill improvement is a major driving element in the global hybrid learning tools market’s growth. Individuals and companies realize the need to gain new skills and remain relevant as the employment market becomes more dynamic and technology-driven. Hybrid learning technologies make it easy and flexible to upskill and reskill, meeting the needs of lifelong learners.

Hybrid learning technologies provide diverse online courses and learning materials spanning various disciplines and abilities. Thousands of courses are available on platforms such as Coursera, Udemy and LinkedIn Learning, enabling learners to choose subjects relevant to their professional objectives and interests. These platforms enable users to study at their speed and fit learning into their busy lives by providing on-demand access to course content.

Market Restraints:

In numerous ways, resistance to change and old teaching techniques might stifle the development of the global hybrid learning tools industry. Because of a reluctance to accept technology in the classroom, some educators and institutions may be averse to using mixed learning methods. They may favor conventional teaching techniques and see technology as a hindrance or a burden.

This opposition may hamper the integration and broad use of hybrid learning methods. Educators who have spent years teaching in conventional classroom settings, for example, may be cautious about including online platforms, virtual classrooms, or digital materials in their teaching techniques.

Covid-19 Impact Analysis:

The COVID-19 epidemic has significantly influenced the global market for hybrid learning technologies. The need for efficient hybrid learning technologies soared as educational institutions throughout the globe faced widespread closures and the necessity to convert to remote learning.

As schools and colleges strove to maintain the continuation of education, the epidemic hastened the use of hybrid learning approaches. In a remote or blended learning setting, hybrid learning technologies have become crucial for providing teaching, controlling student progress and promoting communication and collaboration.

Artificial Intelligence Impact Analysis:

AI has greatly influenced the global hybrid learning tools industry, revolutionizing how education is provided and improving the learning experience. By evaluating massive volumes of data on student performance, preferences and learning styles, AI offers adaptive learning experiences. It may give individualized suggestions, adaptive tests and customized material, enabling students to proceed at their speed while focusing on their requirements.

AI-powered virtual tutors and chatbots may mimic human-like interactions, giving learners quick feedback and direction. These technologies may help students grasp complicated ideas by answering questions and providing individualized explanations, making the learning environment more interesting and dynamic.

Russia-Ukraine War Impact:

If the violence directly impacts the areas where these enterprises have a presence or a client base, their activities may be disrupted. These interruptions might include issues sustaining client connections, product development or implementation delays, or difficulties delivering customer assistance.

Recent Industry Developments:

On April 17, 2023, ClassIn announced the launch of its famous platform in the United States. The ClassIn platform was created after over ten years of market experience, research, development and development specifically for education. ClassIn creates virtual and physical classrooms with its software and hardware solutions, delivering the digital foundation for the hybrid future of education.
On May 5, 2021, Microsoft announced the release of a slew of new learning tools in honor of National Teacher Appreciation Day in the United States. In the aftermath of the COVID-19 outbreak, these tools are meant to assist teachers and students in a hybrid in-person, online learning environment.
D2L announced a partnership with Zoom Video Communications, Inc., a leading video-first unified communications platform, on April 29, 2021, to provide a full educational experience. In North America, D2L will offer Zoom alongside the award-winning Brightspace learning platform, providing seamless online and blended learning integration with live face-to-face video.

Segmentation Analysis:

As per the research analysis, the global hybrid learning tools market is segmented by type into the system, content, courses, solution and others; and by end-user into education institutes, corporate training, public education and others.

The Rising Popularity of Online Learning and Digitalization has Accelerated the Expansion of Educational Institutions.

The increasing popularity of online learning and the digitization of education has driven the expansion of the educational institution’s end-user sector in the global hybrid learning tools market. Online learning has become popular among students and educational institutions due to its ease, flexibility and accessibility. Institutions have realized the promise of online learning to reach a larger student base, overcome geographical barriers and meet students’ different learning requirements.

As a result, hybrid learning solutions that support online learning experiences have gained popularity. Many universities and colleges throughout the globe, for example, have extended their online course offerings and hybrid learning models to meet the need for distant and flexible learning opportunities. As a result, the end-user segment of educational institutions has more than 37.3% of the global segmental market and is likely to dominate over the projection period.

View Full Report: https://www.datamintelligence.com/research-report/hybrid-learning-tools-market

Geographical Analysis:

The global hybrid learning tools market is segmented into North America, Europe, South America, Asia Pacific and Middle East & Africa.

North America Hybrid Learning Tools Market:

The North American hybrid learning tool market has grown significantly due to sophisticated digital learning platforms and increased investments in educational learning. Several changes have contributed to this increase, particularly in the United States. To improve the learning experience, academic institutions in the United States have progressively used innovative digital learning systems.

Canvas, Blackboard and Moodle are central learning management systems (LMS) that provide schools with full platforms for managing course material, facilitating online conversations, delivering multimedia resources and tracking student progress. These platforms include various hybrid learning tools and features that encourage interactive and individualized learning. As a result, North America accounted for more than one-third of global shares throughout the predicted period.

Competitive Landscape:

The major companies contributing to the global hybrid learning tools market growth include D2L Corporation, Skillsoft, Blackboard Inc., Cegos, GP Strategies, Microsoft Corporation, Cisco Systems, Inc, Schoology, Inc., Desire2Learn (Brightspace) and Aptara Inc.

Additional Benefits Post Purchase:

1) Unlimited Analyst support for a period of 1 year.

2) Any query regarding the scope offered will be addressed within 24-48 hours.

3) An Excel sheet with market numbers will be provided separately.

The Full Report has the below insights.

The report offers a comprehensive evaluation of the market in terms of Market Value (US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data (2020-2021) and verifiable market size projections (2022-2029).
Visualize the composition of the global hybrid learning tools market segmentation type, end user and region, highlighting the key commercial assets and players.

By Type: System, content, courses, solution and others
By End User: Education institutes, corporate training, public education and others
By Region: North America, Europe, South America, Asia-Pacific and Middle East and Africa.

Identify commercial opportunities in the global hybrid learning tools market by analyzing trends and co-development deals.
The report also covers data insights on various industry forces such as Porter’s five forces, regulations in each country, reimbursement scenario, technological advancements, PEST analysis and pricing analysis.
Excel data sheet with thousands of the global hybrid learning tools market-level 4/5 segmentation data points.
PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
Product mapping in Excel for the key product of all major market players.
The report will provide access to approximately 50+ market data tables, 40+ figures and close to 180 pages.

About DataM Intelligence:

DataM Intelligence 4Market Research is a Market Research firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you.

We encompass a multitude of Syndicate Reports & Customized Reports with a robust methodology. Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

Related Topics:AI Artificial Intelligence Machine learning

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Artificial Intelligence

VeriPark and FICO Announce Strategic Partnership to Transform Financial Services

Published

13 mins ago

June 26, 2024

CISION (PR Newswire)

ISTANBUL, June 26, 2024 /PRNewswire/ — VeriPark and FICO have launched a partnership to revolutionize the financial services sector through AI-driven decision making and digital transformation.

The collaboration between VeriPark, a global provider of innovative digital solutions, and FICO, a renowned analytics software company, will enhance decision-making and promote financial inclusion across Turkey, the Middle East, Africa, Asia and CIS regions.
Combining FICO’s decision automation, optimization and omnichannel communications capabilities with VeriPark’s customer engagement, omni-channel delivery, branch automation and loan origination solutions, the partnership aims to improve customer experience and accelerate digital transformation.
“We are excited to bring FICO’s cutting-edge technology to our region. This collaboration will enhance customer experiences and operational efficiency across the financial services sector. Integrating FICO’s technology with our solutions represents a significant leap forward, ensuring we stay ahead in a rapidly changing environment. We look forward to showcasing our joint success stories soon,” said Ozkan Erener, CEO of VeriPark.
“The combination of FICO and VeriPark’s strengths brings a unique blend of innovation to the market. Our goal is to help build a better society by bringing more people into the banking system, and our partnership with VeriPark is a critical step towards achieving that. FICO has been working with AI since 1992, and we are eager to introduce this long-standing expertise to businesses in this region through our collaboration with VeriPark.” said Alexandre Graff, Vice President of Global Partners & Alliances, FICO.
About VeriPark (https://www.veripark.com)VeriPark is a global solutions provider enabling financial institutions to become digital leaders with its Intelligent Customer Experience suite. With offices located in United Kingdom, Europe, the United States & Canada, Asia, Africa and the Middle East, VeriPark is helping businesses to enhance their customer acquisition, retention and cross-sell capabilities by providing proven, secure and scalable Customer Relationship Management, Omni-Channel Delivery, Branch Automation, and Loan Origination solutions.
About FICO (https://www.fico.com/)FICO powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, insurance, telecommunications, health care, retail and many other industries.
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Artificial Intelligence

Altair Names Devoteam Channel Partner for the EMEA Region

Published

13 mins ago

June 26, 2024

CISION (PR Newswire)

altair-names-devoteam-channel-partner-for-the-emea-region

Devoteam to offer Altair’s leading data analytics and AI solutions throughout the EMEA region
TROY, Mich., June 26, 2024 /PRNewswire/ — Altair (Nasdaq: ALTR), a global leader in computational intelligence, is thrilled to welcome Devoteam as a new channel partner for the EMEA region. Within the partnership, Devoteam will offer Altair’s leading data analytics and artificial intelligence (AI) solutions to its customers throughout the EMEA region.

“Partnering with Devoteam underscores our dedication to shaping the future of technology,” said Kimon Afsaridis, managing director of Eastern Europe and vice president of indirect EMEA sales, Altair. “This partnership marks a pivotal moment in our global expansion strategy, reinforcing our mission to lead and innovate in AI and beyond.”
“Together, Devoteam and Altair will help industrial companies harness the power of data to improve their efficiency, productivity, and competitiveness,” said Pablo Martin, industry and retail business unit director, Devoteam. “This collaboration is an important step in our commitment to help companies, particularly in the industrial sector, better their digital transformation efforts.”
Devoteam boasts more than 25 years of passion for tech and more than 11,000 tech-native specialists in offices in 25 countries. The company believes that technology combined with strong human values can drive change for the better, and specializes in managing large-scale projects while remaining agile enough to deliver customized solutions.
Altair works with a global network of channel and technology partners. To learn more or to become a partner, visit https://altair.com/altair-partners.
About Altair
Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit https://www.altair.com.
Media contacts
Altair Corporate
Altair Investor Relations
Bridget Hagan
Stephen Palmtag
+1.216.769.2658
+1.669.328.9111
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Altair Europe/The Middle East/Africa
Charlotte Hartmann
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Artificial Intelligence

IBM Study: Fan Engagement and Consumption of Sports Shifting, Reveals New Opportunities for Technology Integrations including AI

Published

13 mins ago

June 26, 2024

CISION (PR Newswire)

ibm-study:-fan-engagement-and-consumption-of-sports-shifting,-reveals-new-opportunities-for-technology-integrations-including-ai

International sports fans surveyed are optimistic about the impact of technologies like AI on their digital sports experiences.Real-time updates and personalized content rank as top priorities for fans when it comes to how generative AI can enhance following and engaging with sports events.Younger sports fans overwhelmingly embrace AI-powered experiences and digital platforms for sports content consumption and engagement.ARMONK, N.Y., June 26, 2024 /PRNewswire/ — As sports fans worldwide tune in to a myriad of athletic events this summer, new research commissioned by IBM (NYSE: IBM) reveals a growing generational shift and acceptance of technology-driven experiences that will impact the future of sports consumption.

The international study*, conducted by Morning Consult, gathers insights from more than 18,000 sports fans across 10 countries to better understand both how they follow and engage with sports, including live coverage, highlights, and summaries, as well as preferences for future engagement and consumption. The findings confirm that fans are prioritizing more personalized and time-saving digital sports content, with the majority recognizing the positive impact technologies like artificial intelligence (AI) will have on these experiences.
The data also confirms that younger sports fans are more likely to favor AI-enhanced features as they increasingly turn to digital platforms for sports content. Surveyed fans aged 18-29 are using a mobile phone or tablet as their primary device to watch sporting events more often than older fans, with subscription streaming of live sporting events being most popular among the younger age group. More than half (58%) of 18-29 year old respondents also believe AI will have a positive impact on sports.
Alternatively, respondents from older age groups remain loyal to traditional methods of consumption, with linear broadcasting being most popular among fans 45+. Forty percent of surveyed fans over the age of 55 believe AI will have a positive impact on sports.
“Fans worldwide are continuing to embrace platforms and solutions that allow them to feel more connected and informed on their favorite sporting events and athletes, and IBM’s new study confirms this now includes embracing technologies like AI to deliver these experiences,” said Noah Syken, Vice President, Sports and Entertainment Partnerships. “IBM’s longstanding portfolio of Sports and Entertainment partnerships aims to deliver on these expectations from fans by putting in the hands of our partners the most advanced IBM technologies from our AI and data platform watsonx.”
Other key study findings include:
Fans are optimistic about the impact of technology on sports, paving the way for generative AI powered experiences
63% of respondents point to data analytics as having the most positive impact on sports, while 50% of respondents think AI will have a positive impact.When it comes to how generative AI can improve engagement, surveyed sports fans identify real-time updates (34%) and personalized content (29%) as the top priorities.India, UAE and Saudi Arabia rank the highest in countries where fans are prioritizing real-time updates and personalized content powered by generative AI.Fans now prioritize personalized, bite-sized content when it comes to their consumption of sport content
More than half (56%) of respondents turn to social media for additional sports content; 46% are getting additional content from broadcast/video news while 35% are turning to news articles.64% of those fans engaging in additional sports content are viewing highlight videos of best moments; 48% are consuming post-match recaps and analysis.Among those engaging in additional sports content, respondents rank summarized content (33%) as their top priority followed by personalized content (26%).Sports fans are watching event summaries more often, with 41% of respondents indicating they watch summaries or highlights weekly; 24% report daily engagement.Younger fans may be reshaping how consumers experience sports content, as they engage with content via multiple screens and are more likely to favor AI-powered enhancements
Younger fans (18-29) are most likely to view sports highlights through social media over other platforms.When it comes to consuming sports content, fans aged between 18-29 are more likely to rank personalized content as their top priority.Fans aged 18-29 are more likely to rate AI improvements as high priority, with real-time updates (40%) and personalized content (36%) topping the list of priorities.While real-time updates (26%) and personalized content (19%) also top the list of AI improvement priorities among older fans (55+), these respondents are much less likely to consider AI improvements a high priority.Younger fans are also more likely to be using multiple devices while engaging with sporting events than older fans (55+). 10% of younger fans surveyed use three or more devices while watching sports compared to only 2% of older fans.While TV is the most common method for viewing sports, fans are increasingly using multiple devices to follow sporting events
64% of surveyed fans say linear or streaming TV is their top choice for watching sports.31% of respondents say they are most likely to watch a live sporting event on linear broadcast; 28% say they use a subscription streaming service and 23% use a free streaming serviceSubscription streaming of live sporting events is most popular among younger fans aged between 18-29.Mobile devices are a noteworthy alternative for watching sports, with 20% of consumers reporting it is the top way they watch sporting events and 38% saying it is their second most likely options.28% of surveyed sports fans use at least two devices while watching sporting events; 24% report they use at least two devices while listening to sportsFans between 18-44 are more likely to be using three or more devices.Respondents rank multi-tasking as the top reason for using multiple devices when consuming sports, followed by finding more game information while watching or listening to the sport.To view the full study, visit: https://newsroom.ibm.com/image/IBM+Global+Sports+Attitudes+and+Behaviors+Report+June+2024.pdf
*Study MethodologyThis survey was conducted in May 2024 among a total sample of 18,082 sports fans 18+ in the US, Canada, the UK, France, Germany, Italy, Spain, India, the UAE, and Saudi Arabia. The interviews for each country were conducted online, and the data is unweighted, with ~2,000 responses per market in the US, Canada, the UK, France, Germany, Italy, Spain, and India and ~1,000 responses per market in the UAE and Saudi Arabia.
To qualify for this survey respondents must be at least an average sports fan and follow one or more of the following sports: Soccer, Cricket, Tennis, Basketball, Baseball, Rugby, Golf, American football, F1 racing, Track and field, Swimming, and the Olympics.
About IBMIBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity and service. Visit www.ibm.com for more information.
Media Contacts:
Sarah BenchaitaIBM Corporate [email protected]
Marisa ConwayIBM Corporate [email protected]
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