Technology
Nearly one in four Australian businesses have experienced a deepfake information security incident in the last year, ISMS.online report finds
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7 months agoon
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Nearly a quarter of Australian businesses have experienced a deepfake security incident in the past year, research by ISMS.online, the auditor-approved compliance platform, has found. 24% of organisations experienced a deepfake incident in the last 12 months.
LONDON, June 30, 2024 /PRNewswire-PRWeb/ — Nearly a quarter of Australian businesses have experienced a deepfake security incident in the past year, research by ISMS.online, the auditor-approved compliance platform, has found. 24% of organisations experienced a deepfake incident in the last 12 months.
AI-powered technology is relatively new compared to threats like social engineering and malware, but deepfakes are already among the top information security incidents impacting businesses. Sophisticated deepfake technology now allows threat actors to facilitate business email compromise (BEC) style attacks – many attacks mimic the voice and image of senior leaders to trick targets into transferring funds.
The ISMS.online State of Information Security Australia snapshot surveyed 506 information security leaders across ten sectors, including finance, technology, healthcare, manufacturing, education, and energy.
The research comes as the Government aims to position the country as a global leader in cybersecurity with the Australian Cybersecurity Action Strategy. However, as 75% of organisations state they’ve been impacted by an incident caused by a supply chain partner, and partner data (39%) is cited as the most compromised in the past 12 months, businesses must be vigilant.
As a result, two-thirds (66%) plan to increase their spending on securing supply chain and third-party vendor connections in the coming 12 months, and the majority (79%) expect to increase their overall information security spending. Training and awareness are also critical focus points for businesses as cyber-attacks become more sophisticated: nearly half (46%) have adopted a greater emphasis on employee education and awareness in the last 12 months.
Despite training and awareness initiatives, over a third (36%) admit that employees use personal devices (BYOD) without proper security measures, leaving businesses more vulnerable to targeted cyber attacks like deepfakes.
Michelle McCarthy, Head of Asia Pacific at ISMS.online, said: “To see nearly a quarter of businesses already impacted by deepfake attacks is worrying. These findings, alongside the vulnerabilities associated with third-party suppliers, show that businesses must ensure they have a strong information security posture. It’s promising that the majority are planning further financial investment into their information security and supplier management.”
While AI-powered deepfakes present a growing risk to businesses, more than four-fifths (84%) say the technology is improving information security, and 69% expect to increase their spending on AI and ML security applications.
“AI and deepfake technologies have evolved rapidly and continue to do so at pace. As businesses consider implementing AI tools in their information security operations, they must align with the global regulations that will undoubtedly come into force over time. Standards like ISO 42001, which encompasses AI use, will help organisations show their ethical, compliant approach to AI to their customers, regulatory bodies and partners.”
Media Contact
Rebecca Harper, ISMS.online, 44 1273 704400, rebecca.harper@isms.online, ISMS.online
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SOURCE ISMS.online
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Automated Teller Machine (ATM) Market to Grow by USD 6.2 Billion (2025-2029), Multifunctional Features Boosting Growth, AI’s Impact – Technavio
Published
24 minutes agoon
February 1, 2025By
NEW YORK, Jan. 31, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global automated teller machine (atm) market size is estimated to grow by USD 6.2 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of almost 4.6% during the forecast period. Multifunctionality features in atms is driving market growth, with a trend towards growing demand for cash recycling atms However, high costs associated with atms poses a challenge.Key market players include Atlas Ontario LP., Cashway Fintech Co. Ltd., Diebold Nixdorf Incorp., Eastcompeace Technology Co. Ltd., Euronet 360 Finance Ltd., Fujitsu Ltd., Genmega Inc., GRGBanking, HANTLE Inc., Hitachi Channel Solutions Corp., Lipi Data Systems Ltd., NCR Voyix Corp., Oki Electric Industry Co. Ltd., Paycorp Investments Proprietary Ltd., Source Technologies, SPL Computer Trading GmbH, The Brinks Co., and Triton Systems.
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Automated Teller Machine (ATM) Market Scope
Report Coverage
Details
Base year
2024
Historic period
2019 – 2023
Forecast period
2025-2029
Growth momentum & CAGR
Accelerate at a CAGR of 4.6%
Market growth 2025-2029
USD 6186 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
4.2
Regional analysis
North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution
APAC at 62%
Key countries
US, China, Canada, Germany, UK, India, Japan, France, Brazil, and UAE
Key companies profiled
Atlas Ontario LP., Cashway Fintech Co. Ltd., Diebold Nixdorf Incorp., Eastcompeace Technology Co. Ltd., Euronet 360 Finance Ltd., Fujitsu Ltd., Genmega Inc., GRGBanking, HANTLE Inc., Hitachi Channel Solutions Corp., Lipi Data Systems Ltd., NCR Voyix Corp., Oki Electric Industry Co. Ltd., Paycorp Investments Proprietary Ltd., Source Technologies, SPL Computer Trading GmbH, The Brinks Co., and Triton Systems
Market Driver
The Automated Teller Machine (ATM) market is thriving, with trends such as cash withdrawal, fund transfer, and deposit services driving growth. Technology advancements like biometric authentication and smart ATMs are transforming the banking sector in developed and emerging countries. Manufacturing operations are focusing on digital platforms to meet the increasing demand for interactive machines. Security mechanisms and fraud prevention are key concerns, with contactless ATM kiosks and mobile banking gaining popularity. Lack of awareness and digital payment adoption in rural areas present opportunities for expansion. NCR Corporation and Diebold Nixdorf lead the market, offering managed services, deployment solutions, and upgrading services. Geographical expansion through onsite, offsite, worksite, and mobile ATMs is a priority. Partnerships with entities like Members ATM, credit unions, Walgreens, Hitachi Terminal, and cash recycling machines are essential for growth. Hitachi’s frictionless technology using vein patterns and near-infrared light is a game-changer. The World Bank’s EMV migration and reduction of cashbased transactions are influencing market trends.
The ATM market is witnessing a growing demand for automatic cash recycling systems, including automated teller safes and self-service cash recycling machines. Financial institutions seek to enhance revenue growth, provide superior customer service, and optimize costs. Frequent cash withdrawals by retail customers in specific areas necessitate regular cash replenishment, leading to increased expenses for banks in terms of labor costs, hiring teller staff, and opportunity costs of keeping substantial cash reserves in ATMs. In the conventional banking setup, tellers are responsible for managing cash levels. To address these challenges, banks are adopting advanced ATM technologies to streamline operations and reduce costs.
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Market Challenges
The Automated Teller Machine (ATM) market is witnessing significant growth in both developed and emerging countries. Cash withdrawal, fund transfer, and deposit services are the primary functions driving this growth. Technology advancements, such as biometric authentication and smart ATMs, are transforming the banking sector. However, challenges persist, including security mechanisms for fraud prevention and contactless ATM kiosks in the digital age. Manufacturing operations for ATMs require upgrading services and product portfolio expansion. Lack of awareness in rural areas and cashbased transactions in some regions pose challenges. NCR Corporation and Diebold Nixdorf are key players, offering managed services, deployment solutions, and various ATM types like onsite, offsite, worksite, and mobile. Geographical expansion and partnerships with entities like credit unions, Walgreens, Hitachi, and Members ATM are strategic moves. Cash recycling machines, EMV migration, and frictionless technology are future trends. The World Bank supports ATM deployment to reach the unbanked population.ATMs serve as valuable tools for banks by automating cash dispensing and recycling, reducing the number of customers visiting branches for basic transactions. However, the adoption of ATMs comes with associated costs. Banks bear expenses for the machine’s purchase, monthly rentals for branch or offsite locations, electricity bills, and security personnel. While customers pay for transactions, many countries offer a set number of free transactions. These costs and considerations impact the overall financial implications for banks implementing ATM services.
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Segment Overview
This automated teller machine (atm) market report extensively covers market segmentation by
Type 1.1 Brown label1.2 White label1.3 OthersDeployment 2.1 Offsite ATM2.2 Onsite ATM2.3 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa
1.1 Brown label- The deployment of non-banking business owned ATMs, known as brown label ATMs, is experiencing significant growth in the global Automated Teller Machine (ATM) market. These ATMs, operated by third-party service providers, enable non-financial businesses to enter the financial services sector. The increasing demand for cash and the need for cost-effective ATM deployment are driving the popularity of brown label ATMs. Additionally, governments worldwide recognize their potential in promoting financial inclusion, particularly in rural areas. For instance, the Indian government is actively supporting the installation of brown label ATMs to expand access to banking services. The Reserve Bank of India’s recommendations have also contributed to their increased usage in India. As a result, the expanding adoption of brown label ATMs is expected to boost the growth of the market during the forecast period.
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Research Analysis
Automated teller machines (ATMs) are digital banking solutions that enable cash withdrawal, fund transfer, and deposit services outside of traditional banking hours. Technology advancements have led to the development of smart ATMs, offering biometric authentication, digital platforms, and expanded functionalities. The banking sector in developed and emerging countries continues to adopt ATMs for manufacturing operations, rural areas, and various worksites. Security mechanisms are a crucial aspect of ATM manufacturing, ensuring safe transactions. Onsite, offsite, worksite, mobile ATMs cater to diverse customer needs. NCR Corporation and Diebold Nixdorf are significant players in the market, providing system reconstruction, repair & maintenance, upgrading services, and portfolio expansion through contracts and geographical expansion. Members ATMs, including those for credit unions, also contribute to the market’s growth. Overall, the ATM market continues to evolve, offering convenience and digital banking services to a broader audience.
Market Research Overview
Automated teller machines (ATMs) have revolutionized the banking sector, enabling cash withdrawal, fund transfer, and deposit services around the clock. Technology advancements continue to drive the market, with biometric authentication and smart ATMs becoming increasingly popular. Developed and emerging countries are deploying ATMs to expand financial inclusion, focusing on manufacturing operations and digital platforms. Rural areas and worksites also benefit from onsite and mobile ATMs. Security mechanisms and fraud prevention are crucial considerations, with contactless ATM kiosks and ecommerce integration adding convenience. However, lack of awareness and digital payment infrastructure remain challenges. Interactive machines, managed services, and deployment solutions are key offerings from major players. Geographical expansion and product portfolio expansion through contracts and partnerships are common strategies. Cash recycling machines and manufacturing capacity expansions are priorities for leading manufacturers like NCR Corporation, Diebold Nixdorf, Hitachi, and others. The World Bank supports EMV migration to enhance security and reduce cash-based transactions. The unbanked population in emerging economies presents significant opportunities for growth.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
TypeBrown LabelWhite LabelOthersDeploymentOffsite ATMOnsite ATMOthersGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
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Learning Management System (LMS) Market to Grow by USD 79.06 Billion (2024-2028), Driven by NGDLE Adoption in Academics, with AI Impacting Market Trends – Technavio
Published
24 minutes agoon
February 1, 2025By
NEW YORK, Jan. 31, 2025 /PRNewswire/ — Report on how AI is redefining market landscape – The global learning management system (LMS) market size is estimated to grow by USD 79.06 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 27.17% during the forecast period. Adoption of NGDLE in academic sector is driving market growth, with a trend towards increasing popularity of cloud-based LMS. However, interoperability issues poses a challenge. Key market players include Adrenalin eSystems Ltd., Blackboard Inc., Sprout On Web Pty. Ltd., Clearlake Capital Group L.P., D2L Inc., Degreed Inc., Docebo Inc., Epignosis LLC, GENTLAB S.R.L, Instructure Holdings Inc., Looop Online Ltd., Oracle Corp., Pearson Plc, PowerSchool Holdings Inc., SAP SE, Skillsoft Corp., Tovuti Inc., Violet InfoSystems Pvt. Ltd., Workday Inc., and Xperiencify.
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Learning Management System (Lms) Market Scope
Report Coverage
Details
Base year
2023
Historic period
2018 – 2022
Forecast period
2024-2028
Growth momentum & CAGR
Accelerate at a CAGR of 27.17%
Market growth 2024-2028
USD 79058 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
20.99
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 31%
Key countries
US, China, UK, Germany, and Canada
Key companies profiled
Adrenalin eSystems Ltd., Blackboard Inc., Sprout On Web Pty. Ltd., Clearlake Capital Group L.P., D2L Inc., Degreed Inc., Docebo Inc., Epignosis LLC, GENTLAB S.R.L, Instructure Holdings Inc., Looop Online Ltd., Oracle Corp., Pearson Plc, PowerSchool Holdings Inc., SAP SE, Skillsoft Corp., Tovuti Inc., Violet InfoSystems Pvt. Ltd., Workday Inc., and Xperiencify
Market Driver
In today’s digitalized business landscape, Learning Management Systems (LMS) have become essential tools for upskilling and reskilling employees, as well as delivering online education to individual learners. The trend towards remote work and digital learning has accelerated the adoption of LMS platforms, offering flexible, cost-effective solutions for businesses and educational institutions. Advanced technologies like artificial intelligence (AI), 5G, and virtual reality are expanding LMS offerings, providing personalized learning experiences and real-time interaction. Key vendors like Duolingo, Coursera, Cerego, Knewton, and ALEKS lead the market with user-friendly interfaces, AI-driven personalized learning, and gamification. Corporate users and higher education segments are the primary adopters, with blended learning models and multichannel learning gaining popularity. LMS platforms cater to various preferences and business operations, offering on-premises and cloud-based solutions, mobile learning, and open online courses. The market is expected to continue growing, driven by the increasing demand for lifelong learning, reduced spending, and the need for talent development in the digital age.
In today’s business landscape, cloud-based Learning Management Systems (LMS) have gained significant popularity due to their numerous advantages. Traditional LMS models require organizations to manage servers on their premises, leading to high costs and complexities. In contrast, cloud-based LMS eliminates the need for on-site servers and is typically hosted on the provider’s servers. This results in a lower initial investment, as the purchase is usually subscription-based. Moreover, cloud-based LMS implementation costs are significantly reduced, as there is no need for installation of programs or devotion of time and resources. Furthermore, cloud-based e-learning solutions can be set up quickly and deployed faster than traditional LMS. These factors make cloud-based LMS an attractive option for businesses looking to adopt efficient and cost-effective e-learning solutions.
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Market Challenges
In today’s digitalized business landscape, industries are embracing LMS platforms to upskill employees and offer flexible training programs. Remote work and education have become the new norm, leading to an increase in demand for digital learning solutions. LMS platforms provide cost-effective, cloud-based and on-premises options for corporate users and educational institutions. Advanced technologies like AI, 5G, and virtual reality enhance learning outcomes by offering personalized, interactive, and real-time experiences. Key vendors like Duolingo, Coursera, Cerego, Knewton, and ALEKS are expanding their offerings through strategic partnerships and user-friendly interfaces. Millennials and Gen Z prefer mobile learning solutions, making smartphones and communication devices essential tools for education. LMS platforms offer blended learning models, face-to-face instruction, and online learning activities to cater to various user preferences and business operations. Corporate users seek AI-driven personalized learning, gamification, and social learning capabilities to engage employees and improve knowledge retention. Enterprise learning, personalized learning, and multichannel learning are essential for talent development in the digital age. LMS platforms offer content accessibility through e-books, multimedia resources, and interactive modules, making education more accessible and convenient. Despite budget constraints and reduced spending on training programs, LMS platforms offer cost-effective solutions for businesses and individuals. The LMS market is expected to grow as digital transformation continues to reshape business operations and education. Virtual assistants, chatbots, and AI-powered avatars provide additional support, making LMS platforms versatile and efficient learning solutions.The eLearning industry relies heavily on Learning Management Systems (LMS) for delivering and managing digital training content. However, the lack of standardization in eLearning content can pose challenges during LMS integration. Although LMS platforms offer compatibility, connecting them to existing systems is not always straightforward. This is due to the fact that not all eLearning standards are supported by both the LMS and the existing system. As a result, schools may face difficulties in reusing courses developed by different vendors, as the content structures and supported features can vary. It is essential for organizations to carefully consider these compatibility issues when selecting an LMS and integrating it with their existing systems.
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Segment Overview
This learning management system (lms) market report extensively covers market segmentation by
End-user 1.1 Academic1.2 CorporateDeployment 2.1 On-premises2.2 On-cloudGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa
1.1 Academic- The Learning Management System (LMS) market is experiencing growth due to the increasing popularity of online learning and the expansion of higher education institutions offering digital courses. In the academic sector, the higher education segment dominates the market, with universities recruiting IT staff to increase their online course offerings. The rise of m-learning in schools and colleges necessitates LMS solutions compatible with mobile devices. Students and teachers seek online certificate programs for skill development and competitive edge. Vendors like Degreed Inc. Offer role-based skill development and collaborative learning experiences. Integration of technologies such as classroom management systems, analytics, and LCMS with LMS drives demand in higher education. Open-source LMS solutions, such as Moodle, capture significant revenue in the academic sector. Blended learning methods in K-12 sector require LMS for online course materials. However, challenges include the lack of operating knowledge for LMS among teachers and students, particularly in emerging economies.
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Research Analysis
The Learning Management System (LMS) market is experiencing significant growth in the digitalization of industries, with remote learning and digital education becoming increasingly popular. LMS platforms offer flexible learning options for individuals and educational institutions, enabling access to a vast array of online courses and interactive tutorials. Blended learning models combine traditional classroom instruction with digital content, providing a more comprehensive learning experience. Smartphones and communication devices have made mobile education a viable option, allowing learners to access educational content anywhere, anytime. Open online courses and certifications offer upskilling and reskilling opportunities for the business landscape, while progress tracking and individualized learning plans ensure that learners stay on track. With the rise of e-learning, educational institutions are embracing LMS platforms to enhance their offerings and meet the evolving needs of students. Internet connectivity is essential for accessing these platforms and educational content, making it a critical component of the digital learning experience.
Market Research Overview
The Learning Management System (LMS) market is experiencing significant growth due to the digitalization of industries and the shift towards remote work and learning. LMS platforms have become essential tools for delivering digital learning, online courses, and blended learning models. These versatile platforms offer flexible learning options, advanced technologies like AI, and mobile learning solutions to upskill employees and expand educational offerings. Digital transformation and reduced spending have led businesses to adopt cost-effective cloud-based LMS platforms. Corporate users segment is a major driver of the market, with enterprise learning, personalized learning, and multichannel learning gaining popularity. AI-driven personalized learning, gamification, and social learning capabilities are enhancing learning outcomes and engagement. Educational institutions, from schools to universities, are also embracing LMS platforms for online education and distance learning. Millennials and Gen Z prefer e-learning tools and open online courses for their convenience and accessibility. The market is expanding with strategic partnerships, product innovation, and user-friendly interfaces. Advanced technologies like AI, 5G technology, and virtual reality are being integrated into LMS platforms to provide real-time interaction, feedback, and content accessibility. The market is expected to grow further with the increasing use of smartphones, communication devices, and e-learning tools in the corporate sector. Despite budget constraints, the demand for LMS platforms is increasing due to their cost-effectiveness and ability to provide quality services, developed infrastructure, and network infrastructure. The market is also witnessing in demand for AI-based LMS platforms, virtual assistant, chatbot, and AI-powered avatar to cater to the preferences and behavior of individual learners. The business landscape is evolving, and LMS platforms are becoming essential for talent development and knowledge retention. The market is expected to continue growing with the increasing use of interactive platforms, smart learning platforms, mobile education, online tutorials, and e-learning solutions. The future of education is digital, and LMS platforms are leading the way.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
End-userAcademicCorporateDeploymentOn-premisesOn-cloudGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download multimedia:https://www.prnewswire.com/news-releases/learning-management-system-lms-market-to-grow-by-usd-79-06-billion-2024-2028-driven-by-ngdle-adoption-in-academics-with-ai-impacting-market-trends—technavio-302364474.html
SOURCE Technavio
Technology
Alternative Credentials Market for Higher Education to grow by USD 1.8 Billion from 2025-2029, driven by skills gap expansion, Report on AI-powered market evolution – Technavio
Published
24 minutes agoon
February 1, 2025By
NEW YORK, Jan. 31, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global alternative credentials market for higher education size is estimated to grow by USD 1.8 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of 15.3% during the forecast period. Widening skills gap is driving market growth, with a trend towards rise in non-traditional offerings. However, threat from traditional degree program providers poses a challenge. Key market players include 2U Inc., Bisk Ventures, Carroll Community College Foundation Inc., City and Guilds Group, Coursera Inc., Credly Inc., JPMorgan Chase and Co., New York State Education Department, NIIT Ltd., NorthEastern University, Pearson Plc, Purdue University Global, Simplilearn, Strategic Education Inc., Temple University, Udacity Inc., Udemy Inc., University of Michigan, University Professional and Continuing Education Association, and XuetangX.
Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF
Alternative Credentials Market For Higher Education Scope
Report Coverage
Details
Base year
2024
Historic period
2019 – 2023
Forecast period
2025-2029
Growth momentum & CAGR
Accelerate at a CAGR of 15.3%
Market growth 2025-2029
USD 1837.3 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
13.3
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 51%
Key countries
US, Germany, UK, China, Canada, France, Italy, India, Japan, and South Korea
Key companies profiled
2U Inc., Bisk Ventures, Carroll Community College Foundation Inc., City and Guilds Group, Coursera Inc., Credly Inc., JPMorgan Chase and Co., New York State Education Department, NIIT Ltd., NorthEastern University, Pearson Plc, Purdue University Global, Simplilearn, Strategic Education Inc., Temple University, Udacity Inc., Udemy Inc., University of Michigan, University Professional and Continuing Education Association, and XuetangX
Market Driver
Digital badges and micro-credentials are becoming increasingly popular in the higher education sector. These non-traditional credentials validate and attest to specific skills and competencies, providing flexible learning opportunities for adult learners. With flexible timespans and various formats like online, hybrid, and customized programs, these credentials cater to the demands of the workforce and professional learning. Employers value these credentials for their portability, transferability, and practical value in addressing skill gaps and career advancement. Tech companies like TechCred and Microsoft are leading the way in this digital transformation, offering credit-bearing and non-credit stackable credentials. Traditional degrees and certificates still hold importance, but alternative credentials provide a more accessible and flexible pathway for learners. These credentials offer rigorous learning outcomes and are relevant to technology jobs and other in-demand professions. Post-secondary institutions are innovating by offering these alternative credentials to meet the needs of the knowledge-based economy and the Great Resignation. The revenue growth potential is significant as learners seek to upskill and reskill for employment opportunities. Accessibility, flexibility, and practical value are key benefits of alternative credentials. Blockchain technology and machine learning are enhancing the learning experience by providing personalized learning paths and digital badges for completion of learning activities. Employers are recognizing the value of these non-traditional credentials, making them an essential component of professional development and continuing education for non-matriculated students. The future of education is about providing relevant skills for the labor market and preparing professionals for career-oriented opportunities.
The alternative credentials market in higher education is experiencing significant growth as learners seek flexible and affordable educational opportunities. This market encompasses various non-traditional offerings, such as graduate and undergraduate certificate programs, training courses, continuing education units, and micro-credentials. These programs are issued through an alternative credentialing system and are accessible via channels distinct from those offering traditional degrees. Providers of these courses include baccalaureate colleges, universities, community colleges, and doctorate-granting universities, operating in both public and private sectors. The agility of these programs allows providers to create and launch non-credit courses more swiftly than traditional degree programs, as they do not adhere to regulatory mandates.
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Alternative credentials, such as digital badges and micro-credentials, are gaining popularity in higher education as they offer flexible and practical solutions for adult learners seeking to upskill or reskill for the changing workforce. These non-traditional credentials validate and attest to specific skills and competencies, making them highly portable and transferable across industries. Unlike traditional degrees with long timespans, alternative credentials offer flexible learning pathways, including online and hybrid options, that cater to the needs of professional learners. Employers value these credentials for their relevance to workforce demands and rigorous learning outcomes. TechCred, stackable credentials, and micro-credentials are becoming increasingly important in tech jobs, where skills gaps and digital transformation are driving employment opportunities. Post-secondary institutions are responding by offering customized programs and credit-bearing and non-credit options to meet the diverse needs of their audience. The challenges of validating and attesting these credentials are being addressed through digital badges and blockchain technology, ensuring portability, transferability, and employer recognition. With the Great Resignation and the increasing importance of lifelong learning in a knowledge-based economy, alternative credentials offer flexible and accessible educational opportunities for professionals seeking career advancement and employment opportunities.The alternative credentials market in higher education is experiencing instability due to the increasing collaboration between education service providers and institutions offering hybrid programs and courses. These alternative credentials provide a flexible and cost-effective solution for students, allowing them to focus on relevant courses for their career goals. However, this market faces competition from traditional degree programs, which are enhancing their offerings through evolving learning methodologies and digitalization. Despite the advantages of alternative credentials, the formal education segment remains a significant challenge.
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This alternative credentials market for higher education report extensively covers market segmentation by
Product 1.1 Non-credit training courses1.2 Non-credit certificate programs1.3 Digital badges1.4 Competency-based education1.5 Boot campsType 2.1 Online2.2 Blended2.3 Face to faceGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa
1.1 Non-credit training courses- Non-credit training courses are educational programs that provide specific skills and knowledge without granting academic credit. These courses, often in fields like coding, web development, data science, cybersecurity, and artificial intelligence, are highly sought after due to the increasing industry demand for tech expertise. Participants receive certificates upon completion and assessment tests by standard-setting organizations. Carroll Community College, in partnership with ed2go, offers non-credit courses in various fields, including healthcare and entrepreneurship. In-demand healthcare courses include medical coding, billing, administration, and specialized skills. Business courses cover entrepreneurship, finance fundamentals, and strategic planning. These factors are expected to fuel the growth of non-credit training courses in the global alternative credentials market for higher education.
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The Alternative Credentials Market for Higher Education refers to non-traditional forms of education that validate skills, competencies, and knowledge through certificates, digital badges, and microcredentials. These credentials offer flexible timespans, professional learning opportunities, and cater to adult learners, lifelong learners, and non-matriculated students. They come in various formats such as online, hybrid, and professional education, and can be credit-bearing or non-credit. The curriculum is designed to meet workforce demands, and these credentials are stackable, allowing learners to build upon previous achievements. They offer portability and transferability, enabling learners to apply their credentials to various industries and careers. Professional development and continuing education are essential aspects of these programs, ensuring learners stay updated with the latest industry trends. Accreditation ensures the quality and value of these credentials, making them a valuable addition to a learner’s professional profile.
Alternative credentials in higher education refer to non-traditional certificates, badges, and micro-credentials that validate skills and competencies, often in a flexible and tech-driven learning environment. These credentials cater to adult learners seeking professional development, lifelong learning, and career advancement. They offer flexible timespans, online and hybrid learning options, and customized programs to address workforce demands and skill gaps. Micro-credentials and digital badges provide practical value and portability, enabling learners to showcase their achievements to employers. They can be stacked and transferred, offering flexible pathways to degree attainment or upskilling. Curriculum is often industry-aligned, with rigorous learning outcomes that meet employer needs. Technology plays a significant role in the digital transformation of alternative credentials, with machine learning and blockchain technology enhancing accessibility, flexibility, and workplace value. Employers increasingly recognize the relevance of these non-traditional credentials for talent acquisition and career development, making them essential components of a knowledge-based economy.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
ProductNon-credit Training CoursesNon-credit Certificate ProgramsDigital BadgesCompetency-based EducationBoot CampsTypeOnlineBlendedFace To FaceGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
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Email: media@technavio.com
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View original content to download multimedia:https://www.prnewswire.com/news-releases/alternative-credentials-market-for-higher-education-to-grow-by-usd-1-8-billion-from-2025-2029–driven-by-skills-gap-expansion-report-on-ai-powered-market-evolution—technavio-302363300.html
SOURCE Technavio
Automated Teller Machine (ATM) Market to Grow by USD 6.2 Billion (2025-2029), Multifunctional Features Boosting Growth, AI’s Impact – Technavio
Learning Management System (LMS) Market to Grow by USD 79.06 Billion (2024-2028), Driven by NGDLE Adoption in Academics, with AI Impacting Market Trends – Technavio
Alternative Credentials Market for Higher Education to grow by USD 1.8 Billion from 2025-2029, driven by skills gap expansion, Report on AI-powered market evolution – Technavio
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