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Online Learning Software and Platform Market Size to Grow USD 19090 Million by 2030 at a CAGR of 15.7% | Valuates Reports

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BANGALORE, India, Aug. 12, 2024 /PRNewswire/ — Online Learning Software and Platform Market is Segmented by Type (Cloud, On Premises, Mobile), by Application (K-12, Higher Education, Vocational Training): Global Opportunity Analysis and Industry Forecast, 2023-2029.

The Global Online Learning Software and Platform Market was valued at USD 6801 Million in 2023 and is anticipated to reach USD 19090 Million by 2030, witnessing a CAGR of 15.7% during the forecast period 2024-2030.
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Major Factors Driving the Growth of Online Learning Software and Platform Market:
The market for online learning platforms and software is expanding rapidly because of the rise in mobile device usage, increased internet connectivity, and the growing need for flexible learning alternatives. The contemporary employment market has made skill improvement and lifelong learning imperative, leading many people to choose online platforms for ongoing education. Due to its affordability and scalability, online learning is now being used by businesses and educational institutions. This expansion is also fueled by government efforts and the growing popularity of MOOCs; the combination of AI and data analytics improves tailored learning experiences. Another important aspect driving market development is the globalization of education, which makes chances for cross-border learning possible.
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TRENDS INFLUENCING THE GROWTH OF THE ONLINE LEARNING SOFTWARE AND PLATFORM MARKET:
The market for online learning platforms and software is expanding due in large part to the increasing demand for flexible learning choices. For many students, traditional educational institutions can be confining since they frequently call for set timetables and places. People with different responsibilities, including working professionals, parents, and those living in rural places, may now access education more easily thanks to online learning systems that allow them to learn at their own speed and on their own time. In an increasingly interconnected world where time zones and individual schedules can differ greatly, this flexibility is especially desirable. Online learning’s increasing attractiveness as more people try to juggle their education with other obligations is driving industry expansion.
The market for online learning platforms and software has grown dramatically as a result of the proliferation of mobile devices and the spread of internet access. An increasing number of individuals may access online educational materials as global internet connection increases, especially in underdeveloped and distant places. To further improve the ease of online learning, learners may now access instructional information anywhere at any time thanks to the growing availability of smartphones and tablets. The rise of the market is driven by the enhanced connection that promotes dynamic and captivating educational experiences, allows for continuous learning, and establishes online learning platforms as a competitive option to conventional classroom environments.
In the quick-paced, constantly-evolving employment environment of today, lifelong learning and ongoing skill development are becoming increasingly important. Employees who proactively upgrade their knowledge and abilities are valued by employers more and more. This requirement is met by online learning platforms, which provide a variety of courses and certificates that support people in maintaining their competitiveness in the job. This tendency is particularly noticeable in sectors where continuous learning is required, like technology, healthcare, and finance. Consequently, there is a growing need for online learning platforms that offer current and pertinent material, which is driving market growth.
Online learning platforms are being used by educational institutions, ranging from colleges to K–12 schools, to support and improve on their traditional teaching strategies. The need to deliver more individualized learning experiences, connect with a larger audience, and offer courses that would not be practical in a traditional classroom environment is what is driving this change. This tendency was expedited by the COVID-19 epidemic, which forced educational institutions all throughout the world to switch to remote learning swiftly. It is anticipated that the hybrid education model—which blends online and offline learning—will continue even once traditional classroom instruction resumes. One of the main factors driving the market’s growth is the educational institutions’ ongoing usage of online platforms.
Businesses are spending more and more money on online learning environments to train and grow their staff. Online training courses are an appealing choice for companies trying to upskill their employees since they are affordable, adaptable, and simple to update. These platforms enable businesses to offer extensive training programs that can be customized to meet the needs of individual employees by offering a wide range of courses, from technical skills to soft skills. Employees may finish training at their own speed thanks to the flexibility of online learning, which decreases downtime and boosts output. One major driver of market expansion is the business sector’s increasing dependence on online learning for staff development.
The market for online learning platforms and software is expanding as a result of the growing appeal of Massive Open Online Courses (MOOCs). A global audience may now access high-quality education thanks to MOOCs, which provide a vast array of courses from prestigious colleges and institutes, sometimes for free or at a reduced cost. Millions of students worldwide are drawn to these courses because they provide a wide range of subjects and are tailored to accommodate varying learning styles and speeds. Because of its interactive format and prestigious provider schools, MOOCs are a preferred option for students looking to advance their education and career, which propels market growth.
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ONLINE LEARNING SOFTWARE AND PLATFORM MARKET SHARE ANALYSIS:
Due to its highly developed technical infrastructure, high internet penetration rate, and extensive use of online learning in companies and institutions, North America now dominates the industry. Europe is not far behind, with substantial expenditures in digital education and robust government backing.
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Key Companies:
UdemyWileyplusEpignosis TalentLMSTovutiThinkificMcGraw-Hill360LearningKajabiSkillshareLearnWorldsPluralsightEdXCourseraCodecademyFuture LearnMoodleLinkedIn LearningMasterclassUDACITYPurchase Chapters @ https://reports.valuates.com/market-reports/QYRE-Auto-30Z8926/global-online-learning-software-and-platform/1
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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
–  K12 Education Learning Management Market
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–  Online Language Learning Market was estimated to be worth USD 11520 Million in 2023 and is forecast to a readjusted size of USD 37400 Million by 2030 with a CAGR of 18.1% during the forecast period 2024-2030.
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–  The K12 Education Technology Market was estimated to be worth USD 14810 Million in 2023 and is forecast to a readjusted size of USD 71820 Million by 2030 with a CAGR of 25.0% during the forecast period 2024-2030.
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–  E-Learning VR Market
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–  Digital English Language Learning Market revenue was USD 9186.6 Million in 2022 and is forecast to a readjusted size of USD 24710 Million by 2029 with a CAGR of 15.0% during the review period (2023-2029).
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–  Learning Management System (LMS) Software market was valued at USD 1415 Million in 2023 and is anticipated to reach USD 2394.4 Million by 2030, witnessing a CAGR of 7.8% during the forecast period 2024-2030.
–  Cloud Machine Learning Operations (MLOps) market was valued at USD 186.4 Million in 2023 and is anticipated to reach USD 3652.7 Million by 2030, witnessing a CAGR of 44.6% during the forecast period 2024-2030.
–  Gamification Learning Platform market was valued at USD 866 Million in 2023 and is anticipated to reach USD 1485.6 Million by 2030, witnessing a CAGR of 8.1% during the forecast period 2024-2030.
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–  E-Learning Market
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–  Corporate M-learning market was valued at USD 26950 Million in 2023 and is anticipated to reach USD 69390 Million by 2030, witnessing a CAGR of 14.2% during the forecast period 2024-2030.
–  Enterprise Online Language Learning market was valued at USD 8908.4 Million in 2023 and is anticipated to reach USD 10490 Million by 2030, witnessing a CAGR of 2.4% during the forecast period 2024-2030.
–  Online Self-Paced Learning market was valued at USD 6830.8 Million in 2023 and is anticipated to reach USD 11990 Million by 2030, witnessing a CAGR of 8.2% during the forecast period 2024-2030.
–  Machine Learning in Finance market was valued at USD 546 Million in 2023 and is anticipated to reach USD 1194.9 Million by 2030, witnessing a CAGR of 12.9% during the forecast period 2024-2030.
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Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
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World’s 1st Flashlight Experience Store Kicks Off in Las Vegas

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September 15, 2024

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LAS VEGAS, Sept. 15, 2024 /PRNewswire/ — Olight, a brand committed to becoming a global leader in mid-to-high-end flashlights, opened the world’s first flashlight experience store at Fashion Show Las Vegas. On the same day, it hosted a major new product launch event and a fan festival for its loyal customers.

A Retail Revolution
The store adopts an advanced digital retail model that seamlessly integrates online and offline channels. Leveraging cloud computing, big data, IoT, and other cutting-edge technologies, Olight has created a unified system for warehousing, logistics, supply chain management, and retail. This enhances operational efficiency and allows consumers to order online and pick up in-store, offering a more convenient and efficient shopping experience.
“Olight has consistently focused on the U.S. market and achieved outstanding results online. We want our first experience store to not only showcase our products but also serve as a bridge between the online and offline, connecting our brand with our customers,” said Mavis Xiao, CMO of Olight.
New Product Launches
Olight unveiled five new products at the event: Arkfeld Ultra, Baton Turbo, Perun 3, Sphere, and the Arkfeld Pro (Paw Edition). The Arkfeld Ultra uses a new aluminum material, making it one of the toughest and most scratch-resistant flashlights in the world. Olight also used this material to create a special gift for each audience member.
With the release of the Arkfeld Pro (Paw Edition), Olight announced an animal charity project in 13 countries, dedicated to supporting animal welfare for at least two years. For every Arkfeld Pro (Paw Edition) sold, Olight will donate $5 to local animal charities. This initiative aims to raise funds for animal protection and increase social awareness and action.
O-Fan Day: Celebrating the Community
O-Fan Day was a fan festival where Olight expressed its appreciation to the O-Fans, whom Olight believes are the driving force behind the brand’s growth. Olight held a fan award ceremony to recognize fans who have made outstanding contributions to supporting and promoting the brand. Over 200 O-Fans attended the festival, celebrating with Olight’s management, R&D teams, and more.
The Olight Fall Event 2024 was the brand’s most important event of the year. As a brand dedicated to establishing itself as a global leader in flashlights, Olight is bold in breaking the mold. This Fall Event demonstrated Olight’s determination to redefine the flashlight industry through innovation and to promote the development of the entire industry.
About Olight: 
Olight is committed to becoming a global leader in mid-to-high-end flashlights and driving the industry forward. Its diverse product range caters to various scenarios, from everyday carry to outdoor adventures, and is available across Europe, the Americas, and beyond.
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Global AI Summit Calls for Global Action to Guarantee AI Innovation is for the “Good of Humanity”

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September 14, 2024

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RIYADH, Saudi Arabia, Sept. 14, 2024 /PRNewswire/ — The Global AI Summit (GAIN) in Riyadh concluded on a high, after the summit welcomed more than 30,000 delegates from across the globe over three days. The live stream of the summit, organized by the Saudi Data and AI Authority (SDAIA), received 3.7m views.

Building on the success of previous editions, GAIN 2024 featured more than 450 speakers from 100 countries, participating in 150 sessions. It also witnessed over 25 launches and announcements, and facilitated the signing of over 80 agreements and Memoranda of Understanding (MoUs).
The summit has grown exponentially since its inception in 2020. Its growing prominence reflects the Kingdom of Saudi Arabia’s role in advancing AI capabilities as it positions itself as a global leader in this space.
The key output from the summit was the need for governments and policy makers to take global action to ensure that AI technology evolves for the good of humanity. Central to responsible evolution is an ethical framework and robust governance.
To support the advancement of AI ethics and governance, SDAIA announced the Riyadh Charter of Artificial Intelligence for the Islamic World in collaboration with the Islamic World Educational, Scientific, and Cultural Organization (ICESCO). This promotes ethical AI grounded in Islamic values and principles, as well as sustainable development through international cooperation.
SDAIA has played a pivotal role in forging key collaborations to strengthen local and regional AI solutions, signing MoUs with Microsoft Arabia to develop Arabic language models, IBM for a Center of Excellence in Generative AI technologies, and NVIDIA to scale AI infrastructure across the Kingdom.
The summit also marked several major milestones. Alongside the unveiling of ALLaM, the world’s most advanced Arabic Language Model, other diverse initiatives such as the Global AI Community, the THAKAI Platform, and guidelines for addressing deepfake technology.
Furthermore, the launch of the Generative AI Center of Excellence by the Digital Cooperation Organization (DCO), the agreement to open an International Center for AI Research and Ethics (ICAIRE) as a UNESCO Category 2 Center, further underscored the impact of GAIN 2024.
The summit itself provided the platform for companies from all over the world to showcase the latest AI technologies and innovations, including AI generated avatars, AI generated artwork, and even Robotic bar staff serving beverages.
The summit closed with an inspirational speech from the Director of Saudi Arabia’s National Information Center, His Excellency Dr. Esam Alwagait, in which he thanked participants:
“Your candid perspectives have not only inspired us with the vision of what lies ahead, but have also grounded us in the realities we must face. Together, we have not only imagined the future of AI, but have also made it real by addressing the challenges and identifying the enablers needed to truly unlock its potential.”
He added:
“It has been incredibly inspiring to see the world come together here in Riyadh, united by momentum to make AI work for everyone. The commitment to collaborative action has been evident throughout the summit.” 
The success of GAIN 2024 ensures that the Kingdom’s AI infrastructure will be significantly strengthened and has cemented Saudi Arabia position at the center of global AI.
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Akuvox S567G Smart Indoor Monitor Has Received Google Mobile Service Certification

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September 14, 2024

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XIAMEN, China, Sept. 13, 2024 /PRNewswire/ — Akuvox has announced its S567G, an indoor monitor powered by Android™, to have received Google GMS certification. This certification ensures full support for Google Services, allowing users to download and update apps directly from the Google Play Store, including smart home control apps. It also enhances system security, protecting against malware and unauthorized access.

GMS certification involves comprehensive testing and approval by Google or a designated 3PL lab, validating security and compatibility to ensure seamless integration within the Android ecosystem. Receiving GMS certification underscores Akuvox’s leadership in the smart intercom industry. Building on its legacy as the pioneer of Android smart intercoms, Akuvox continues to elevate its Android systems with Google’s rigorous certification, offering clients flexible and sophisticated smart intercom solutions. 
The S567G’s GMS certification ensures flawless operation with key Google apps like Chrome, Gmail, YouTube, Maps, and the Play Store. Edward Shi, Product Manager of the S567G, notes, “The positive feedback we’ve received from clients, even during testing, confirms that this device is transforming daily life. It’s more than just an intercom — it’s a versatile tool, even capable of functioning as a small TV. Our team has worked tirelessly to meet the highest standards, and I’m excited to see how it enhances smart living for our users.”
The S567G’s features extend beyond intercom functionality. With four HD speakers and a 1280 x 800 IPS LCD screen, it offers an exceptional audio-visual experience, redefining the concept of an indoor monitor. Whether for entertainment or smart home control, the S567G stands out as a versatile wall-mounted tablet, bringing innovation to every interaction.
About Akuvox
Akuvox is a global leading provider of smart intercom and smart home products and solutions. It is committed to unleashing the power of technology to improve people’s lives with better communication, greater security, and more convenience. Encompassing artificial intelligence, SIP, Android, cloud, security, and other advanced technologies, Akuvox continuously drives breakthrough changes in the industry and creatively delivers an unrivaled portfolio of smart intercom and smart home products and solutions. It has been deployed and used daily in more than 110 countries and regions, meeting customer needs in various vertical markets that range from residential to commercial, from healthcare to public safety.
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