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Self-Paced E-Learning Market size is set to grow by USD 6.17 billion from 2024-2028, Availability of subject proficiency assessments and certifications boost the market, Technavio

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NEW YORK, Aug. 9, 2024 /PRNewswire/ — The global self-paced e-learning market size is estimated to grow by USD 6.17 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 2.31% during the forecast period. Availability of subject proficiency assessments and certifications is driving market growth, with a trend towards growing popularity of microlearning. However, increase in number of free online courses poses a challenge. Key market players include 2U Inc., Anthology Inc., Berlitz Corp., Cerritos College, City and Guilds Group, D2L Inc., e Careers Ltd., Encompass Safety Solutions Ltd., Houghton Mifflin Harcourt Co., iEnergizer Ltd., John Wiley and Sons Inc., Learning Technologies Group Plc, NIIT Ltd., Pearson Plc, Simplilearn, StraighterLine Inc., Think and Learn Pvt. Ltd., Totara Learning Solutions Ltd., Udemy Inc., and Vedantu Innovations Pvt. Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Self-Paced E-Learning Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 2.31%

Market growth 2024-2028

USD 6173.6 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

2.23

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 35%

Key countries

US, China, UK, India, and Canada

Key companies profiled

2U Inc., Anthology Inc., Berlitz Corp., Cerritos College, City and Guilds Group, D2L Inc., e Careers Ltd., Encompass Safety Solutions Ltd., Houghton Mifflin Harcourt Co., iEnergizer Ltd., John Wiley and Sons Inc., Learning Technologies Group Plc, NIIT Ltd., Pearson Plc, Simplilearn, StraighterLine Inc., Think and Learn Pvt. Ltd., Totara Learning Solutions Ltd., Udemy Inc., and Vedantu Innovations Pvt. Ltd.

Market Driver

The self-paced e-learning market is witnessing a notable trend towards microlearning. Microlearning refers to the delivery of small, focused learning modules that can be completed in a short amount of time. This approach is gaining popularity in both the corporate and individual learning sectors. In the corporate world, microlearning is particularly useful for addressing the short attention spans of learners and can be easily integrated into mobile devices. The growing adoption of mobile learning in education is also driving the popularity of microlearning apps, such as Google’s Primer, which offer quick and efficient learning experiences. Microlearning modules can be delivered through various formats, including short videos, infographics, and audio. In higher education, micro-learning academic courses offer just-in-time learning opportunities, enabling students to fill learning gaps and increase their grasp of concepts efficiently. Overall, the demand for microlearning methodologies is expected to increase significantly in the global self-paced e-learning market due to their convenience, flexibility, and effectiveness.

The Self-Paced E-Learning Market is experiencing significant growth, particularly in areas of personal development and hobbies. Video-based learning and social learning features are popular trends, enabling accessible, versatile, and personalized learning experiences. Blockchain technology is being used for certification verification, ensuring credibility. Remote workforce training is a key driver, with corporate learning platforms offering blended solutions of synchronous and asynchronous learning. STEM programs in science, engineering, math are in high demand, catering to the needs of students and professionals using smart phones, mobile devices, computers, and even traditional cellular phones. Digital Transformation, Remote Work, Artificial Intelligence, and Automation are shaping the future of this market. Startups and entrepreneurs are innovating with e-learning platforms, videos, and educational apps. Key players include Blackboard, GP Strategies, N2N Services, Saba Software, Tata Interactive Systems, and more. 

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Segment Overview

This self-paced e-learning market report extensively covers market segmentation by

Product1.1 Packaged content1.2 ServicesEnd-user2.1 Students2.2 EmployeesGeography3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Packaged content- The packaged segment in the self-paced e-learning market refers to on-demand, pre-made content sold by vendors. Its popularity stems from the increasing need for effective, contextualized learning solutions among students and employees. Packaged content encompasses various formats, including videos, gamified elements, and microlearning. The post-secondary education sector and corporations are significant consumers, driving market growth. Vendors like City and Guilds Group (City and Guilds), with brands like Kineo, cater to this demand with off-the-shelf courses. Kineo’s innovative offerings expedite corporate training and provide a range of self-paced e-learning modules. The language learning sector also contributes to the packaged segment’s expansion. In the education sector, vendors such as Think & Learn Pvt. Ltd. (Byju’s) and Vedantu Innovations Pvt. Ltd. (Vedantu) offer interactive self-paced e-learning solutions with packaged content for K-12 and higher education. These platforms enable learners to engage with tutors for clarification, fostering a more effective learning experience. Interactions with tutors and the availability of packaged content in various formats are expected to fuel the growth of the packaged segment and the global self-paced e-learning market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Online Language Learning Market is driven by the increasing demand for multilingual proficiency and flexible learning solutions. Key players include Duolingo, Rosetta Stone, and Babbel.

The global E-learning Market is fueled by advancements in technology, personalized learning experiences, and the growing preference for remote education. Major players include Coursera, Udemy, and LinkedIn Learning.

Research Analysis

The Self-Paced E-Learning Market has experienced significant growth in recent years, driven by the digital transformation and the shift towards remote work. Artificial Intelligence and Automation are playing a key role in delivering personalized learning experiences, making education more accessible and flexible. Startups and entrepreneurs are also entering the market, disrupting traditional education models with innovative solutions. Self-paced e-learning offers students the freedom to learn at their own pace, making it an attractive option for lifelong learning and upskilling. Microlearning, gamification, data analytics, and mobile e-learning are some of the trends shaping this market. However, the lack of discipline and motivation among students can be a challenge, requiring innovative solutions for assignments, assessments, and interactive online services. The use of learning management systems, application simulation tools, and rapid e-learning authoring tools can help teachers and institutions deliver high-quality education and information to students effectively.

Market Research Overview

Self-Paced E-Learning Market: A Digital Transformation in Education Self-paced e-learning, a key component of digital transformation in education, is gaining momentum due to remote work and the need for flexible learning. This market encompasses interactive online services, mobile e-learning, and learning management systems. Artificial Intelligence (AI) and automation are driving innovation, with AI algorithms providing personalized learning paths and interactive assignments. Startups and entrepreneurs are disrupting traditional education models with self-paced e-learning solutions. Flexible learning, microlearning, and lifelong learning are popular trends, allowing students to learn at their own pace and on their preferred devices, from smart phones to computers.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductPackaged ContentServicesEnd-userStudentsEmployeesGeographyNorth 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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Technology

KM Malta Airlines, the Maltese Islands’ New National Carrier, Implements CellPoint Digital’s Payment Orchestration Solution

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The partnership will enable KM Malta Airlines to provide passengers with a seamless payment experience and access to their preferred payment methods.

LONDON, Sept. 23, 2024 /CNW/ — CellPoint Digital, a global pioneer in Payment Orchestration, is proud to announce it has partnered with KM Malta Airlines to support the airline’s payment processes across multiple sales channels, including on its website and App, allowing passengers in future to pay with key alternative payment methods (APMs) like Apple Pay.

From the start of operations on March 31, 2024, CellPoint Digital was entrusted to support KM Malta Airlines’ payment processes across. Using CellPoint Digital’s Payment Orchestration platform, KM Malta Airlines launched the service with optimised payment processes, a cost-effective payment strategy, and a customer-centric payment model. This partnership reflects the airline’s commitment to providing its passengers with a seamless, convenient payment experience and the airline’s recognition of CellPoint Digital as a valued payment solution provider.

Through its partnership with CellPoint Digital, KM Malta Airlines gains access to a network of acquirer connections, including its newly introduced partner, Shift4 (formerly Finaro), to support its growth strategy. This allows the airline to optimise transaction routing, reduce payment costs, and settle in its preferred currency.

“It’s not often that we get to be present at the inception of one of Europe’s next great airlines, but that’s the opportunity we have with this partnership,” said Kristian Gjerding, CEO of CellPoint Digital. “By prioritising its payment strategy as a cornerstone of its launch strategy, KM Malta Airlines demonstrates that it cares about providing passengers with the best possible booking experience and setting itself up for future success.”

Roy Kinnear, CCO of KM Malta Airlines, stated, “A highly optimised, cost-efficient payment strategy is important to the success of our airline. That’s why we partnered with experts in aviation payments to deliver a comprehensive platform tailored to our passengers’ needs and allowing us to expand our offering of customer choice payment mechanisms.”

The Advantage of Day-One Payment Orchestration

Payment Orchestration is a concept that describes the end-to-end management of all components of a payment, from authorisation to routing to settlement to reporting, allowing airlines to boost conversions in direct and indirect sales channels at lower transaction costs. CellPoint Digital’s Payment Orchestration Platform, which KM Malta Airlines will implement, routes transactions intelligently to increase acceptance, simplifies and centralises back-end reconciliation, integrates various payment methods like Apple Pay, and easily accommodates multiple PSPs and acquirers, including KM Malta Airline’s preferred acquiring partner, Shift4.

For more information about the CellPoint Digital partnership with KM Malta Airlines or to speak with company executives, please get in touch with Steven Osei at steven.osei@cellpointdigital.com

About CellPoint Digital
CellPoint Digital is a fintech leader in payment orchestration and optimisation. CellPoint Digital’s main solution is a powerful Payment Orchestration Platform that optimises digital payment transactions from cards or alternative payment methods and accelerates the deployment of new payment options. Merchants can easily scale their own payment ecosystem across the world, unify the customer payment experience across their website, mobile apps and other channels, optimise the routing of each transaction, increase conversion rates and minimise payment costs. CellPoint Digital has offices in Copenhagen, Dallas, Dubai, London, Miami, Pune and Singapore. Visit www.cellpointdigital.com to learn more. 

About KM Malta Airlines

The KM Malta Airlines schedule serves 17 airports across 15 key European cities, namely, Amsterdam, Berlin, Brussels, Catania, Dusseldorf, London Gatwick, London Heathrow, Lyon, Madrid, Milan, Munich, Paris Charles de Gaulle, Paris Orly, Prague, Rome, Vienna and Zurich.

Bookings can be made on kmmaltairlines.com

Contact: media@kmmaltairlines.com

 

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SOURCE CellPoint Digital

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Advantech Unveils Expanded Singapore Office to Boost ASEAN Presence and Support AIoT Innovations with Strategic Partnerships

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SINGAPORE, Sept. 23, 2024 /PRNewswire/ — Advantech (TWSE: 2395), a global leader in industrial IoT and embedded computing solutions, has officially inaugurated its expanded regional office in Singapore. This strategic investment is set to enhance Advantech’s core competencies within the ASEAN region. Located at 7002 Ang Mo Kio Avenue 5, the new office will double the company’s current facility space, enhancing its infrastructure to meet the rising demand for high-technology solutions, particularly in the semiconductor sector. The expansion underscores Advantech’s commitment to collaborating with silicon and ecosystem partners and investing in local talent development through industry-academia partnerships. The new office will also support Advantech’s Configure-To-Order Service (CTOS), reinforcing its strategic goal of deepening and localising industry presence while advancing a comprehensive AIoT industry development strategy.

Vincent Chang, Managing Director of Asia and Intercontinental Region at Advantech, stated, “The relocation to our new premises marks a significant milestone in Advantech’s nearly 30 years of growth in Singapore. Established in 1995, Advantech Singapore has grown to become a pivotal hub in the ASEAN region, leading to the creation of Advantech Malaysia, Thailand, Indonesia, and Vietnam as key regional business units. Advantech envisions Singapore evolving into a Corporate Development Core Competency hub, focusing on business intelligence, strategic planning, and advancing branding, public relations, and ESG programmes across the ASEAN region.”

Advantech is also excited to launch the second year of its AIoT Innowork programme with Singapore Polytechnic (SP). This year’s projects will focus on sustainable development, net-zero emissions, and generative AI. Students will use Advantech’s WISE-PaaS, a cloud-based platform, to develop AIoT solutions, including a smart outdoor agriculture proof-of-concept within SP’s campus. Additionally, the programme will advance intelligent EV charging and parking space monitoring with Advantech’s LoRaWAN gateway and generative AI, featuring a dashboard for carpark occupancy and an assistive chatbot for availability queries.

In response to the government’s focus on future workforce development, a student team from SP is set to create a proof of concept for a “Generative AI-powered Virtual Sales Agent.” This innovative project aims to transform customer interactions by enhancing sales and engagement through cutting-edge AI technology. SP envisions this technology revolutionising customer engagement, enhancing service support, and improving operational efficiency.

Advantech Singapore is dedicated to advancing the “MySkillsFuture” programme, a key initiative by the Singapore government to support lifelong learning. Advantech aims to build a collaborative value chain that fosters a sustainable and thriving IoT ecosystem by partnering with ecosystem players, academic institutions, and industry leaders. Additionally, through academic collaboration, Advantech seeks to cultivate industry growth and align with its social responsibility objectives by producing and distributing urban farming products to underserved communities. These strategic partnerships are poised to drive long-term industry success and reinforce Advantech’s commitment to its ESG goals.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/advantech-unveils-expanded-singapore-office-to-boost-asean-presence-and-support-aiot-innovations-with-strategic-partnerships-302255164.html

SOURCE Advantech Co. Singapore Pte Ltd

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Estonia Strengthens Smart Mobility Networking and Strategic Partnerships in the Gulf

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DUBAI, UAE, Sept. 23, 2024 /PRNewswire/ — Trade Estonia, part of Enterprise Estonia, is concluding its participation at the ITS World Congress 2024 in Dubai, further asserting its leadership in intelligent transport systems (ITS) and smart mobility. Estonia, known for being the first country to allow testing autonomous vehicles on public roads since 2017, showcased its innovative technologies that are setting new benchmarks in smart mobility and ITS.

At the exhibition, Trade Estonia displayed pioneering solutions, including Bamboo Apps’ cutting-edge dispatch system for autonomous shuttles, enabling remote monitoring of unmanned vehicles to enhance safety and efficiency. e-Pavement integrates sensors within road surfaces to improve safety and traffic management, while Auve Tech’s autonomous shuttles seamlessly integrate with public transport, offering efficient and eco-friendly urban mobility solutions. Metrosert is enhancing the precision of smart infrastructure, and Digilogistika Keskus is optimising logistics through advanced digital platforms, boosting supply chain efficiency in smart cities.

H.E. The Ambassador of Estonia to the UAE Maria Belovas stated, “Estonia’s footprint in integrating cutting-edge technology is pivotal in enhancing transportation safety, efficiency, and mobility. Our innovations are designed to meet the evolving needs of global smart cities and ensure a sustainable future for transportation.”

These advancements exemplify Estonia’s commitment to developing intelligent, sustainable, and efficient transport solutions that address both urban and rural mobility needs, and solidifying its global network.

In addition to presenting its technological progress at the ITS World Congress, Estonia focused on building meaningful connections and exploring new avenues for collaboration.

Forging Strategic Global Partnerships

Estonia is dedicated to expanding its international impact by building strategic partnerships, particularly in the Gulf region.

A recent networking event, hosted by H.E. The Ambassador of Finland, Ms. Tuula Yrjölä, and H.E. The Ambassador of Estonia, Ms. Maria Belovas, brought together Finnish and Estonian business delegations to cultivate global connections in smart mobility. The event also facilitated valuable discussions on future collaborations, reflecting Trade Estonia’s ongoing mission to support global innovation and sustainability in transport.

Ms. Maria Belovas highlighted the importance of these international connections in advancing the organisation’s strategic goals and enriching global collaborative efforts.

Building on this momentum, Trade Estonia is gearing up for its next significant engagement at GITEX Global 2024. This upcoming event will serve as a new stage for Estonia to underline their technological advancements and explore new avenues for collaboration with global technology leaders.

About Trade Estonia

Trade Estonia is part of Enterprise Estonia. As a state organisation, Trade Estonia helps Estonian companies to establish themselves in international markets. With a focus on future technologies and pioneering projects, Trade Estonia provides Estonian companies with access to market analysis and marketing strategies and creates the conditions for them to operate successfully on a global scale. Trade Estonia not only promotes the development of new business areas and the establishment of strategic partnerships, but also facilitates access to international networks, thus contributing to the global competitiveness of Estonian companies.

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View original content:https://www.prnewswire.co.uk/news-releases/estonia-strengthens-smart-mobility-networking-and-strategic-partnerships-in-the-gulf-302255186.html

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