Technology
Corporate M-Learning Market to Grow by USD 62.8 Billion (2024-2028) Driven by Lower Training Costs and AI Trends – Technavio Report
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4 months agoon
By
NEW YORK, Sept. 5, 2024 /PRNewswire/ — The global corporate m-learning market size is estimated to grow by USD 62.8 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 24.68% during the forecast period. Reduction in employee training cost for employers is driving market growth, with a trend towards growing popularity of game-based learning. However, data security and privacy issues poses a challenge. Key market players include Adobe Inc., Allen Interactions Inc., Aptara Inc., Articulate Global Inc., Blackboard Inc., Citrix Systems Inc., Cornerstone OnDemand Inc., D2L Inc, dominKnow Inc., EdApp, Higher Learning Technologies Corp., Kallidus Ltd., Koch Industries Inc., Learning Pool, Meridian Knowledge Solutions LLC, Promethean World Ltd., Qstream Inc., SumTotal Systems LLC, Upside Learning Solutions Pvt. Ltd., and Yarno.
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Corporate M-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 24.68%
Market growth 2024-2028
USD 62.8 billion
Market structure
Fragmented
YoY growth 2022-2023 (%)
19.55
Regional analysis
APAC, North America, Europe, Middle East and Africa, and South America
Performing market contribution
North America at 33%
Key countries
US, India, UK, Germany, and Japan
Key companies profiled
Adobe Inc., Allen Interactions Inc., Aptara Inc., Articulate Global Inc., Blackboard Inc., Citrix Systems Inc., Cornerstone OnDemand Inc., D2L Inc, dominKnow Inc., EdApp, Higher Learning Technologies Corp., Kallidus Ltd., Koch Industries Inc., Learning Pool, Meridian Knowledge Solutions LLC, Promethean World Ltd., Qstream Inc., SumTotal Systems LLC, Upside Learning Solutions Pvt. Ltd., and Yarno
Market Driver
The corporate m-learning market is witnessing a rise in game-based learning initiatives due to their ability to enhance learner engagement and provide a sense of achievement. These features influence behavior change and invoke healthy competition among employees. In countries like the US, UK, and China, governments are supporting corporations in adopting m-learning. Gamification solutions, such as leaderboards, badges, and point-based reputation systems, are being integrated into m-learning to make learning more enjoyable and effective. The use of gamification is expected to drive the growth of the corporate m-learning market, as traditional classroom training faces high attrition rates for online or blended courses. By incorporating these innovative techniques, institutions can ensure that employees have fun while acquiring knowledge and skills.
Corporate m-learning, or mobile learning, is a trending solution for training employees in today’s remote workforce. With the widespread use of smartphones, businesses can provide learning opportunities anytime, anywhere. Scalable learning solutions through mobile app development and cloud-based platforms enable personalized experiences for employees in sectors like Healthcare, IT, Finance, Manufacturing, and more. AI and ML technologies offer adaptive learning and customized content. Geographical trends show a need for digital training solutions, especially in industries with telecommuting or globalization. Engaging formats like gamification, simulations, and multimedia presentations boost job satisfaction and reduce turnover. High-speed mobile internet and touchscreens make m-learning cost-effective, eliminating expenses on printed materials, travel, accommodation, and venue rental. Consistent training experiences ensure retention, while interactive assessments measure progress. M-Enablement and simulation-based learning are key to corporate learning and on-the-job training.
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Market Challenges
Corporate m-learning market involves the use of content support systems and learning management systems (LMS) for delivering mobile learning services to employees. These systems collect and analyze company data to create personalized learning experiences and enable automatic content delivery. The collected data offers valuable insights into products and processes, helping employees improve performance. However, data security and privacy are major concerns. Unauthorized data sharing with third parties, weak passwords, accidental data destruction, phishing schemes, and privileged account access pose potential risks. Protecting confidential information is crucial to prevent competitors from gaining an unfair advantage. Ensuring data security and privacy is essential to maintain employee trust and drive revenue growth in the corporate m-learning market.The corporate m-learning market is growing rapidly, with mobile apps and software solutions becoming essential tools for businesses to train their workforce. However, challenges persist in areas like examinations, content development, and integration of multimedia for interactive assessments. In-class learning and online-on-the-job training must coexist for effective results. Internet penetration and personalized learning are key drivers, with flexible learning and microlearning gaining popularity. Ed-tech firms are developing bite-sized content and collaborative learning platforms to cater to the gig economy. With 5G technology and mobile tech advancing, the future of digital education is promising. Enrolments continue to rise, driven by computing capabilities and online communities. The integration of 3D creative platforms, coding, and interactive learning is crucial for developing 21st-century skills. Case-based learning and forums for group projects are also important in this context. The metaverse may even revolutionize corporate training.
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Segment Overview
This corporate m-learning market report extensively covers market segmentation by
Type 1.1 Technical corporate m-learning1.2 Non-technical corporate m-learningEnd-user 2.1 Large organizations2.2 Small and medium-sized enterprisesGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America
1.1 Technical corporate m-learning- The corporate m-learning market refers to the use of mobile devices for employee training and development. Companies are increasingly adopting mobile learning solutions due to their convenience and flexibility. Mobile learning enables employees to access training materials anytime, anywhere, enhancing productivity and knowledge retention. It also reduces travel costs and time spent away from work. Mobile learning platforms offer various features such as interactive quizzes, videos, and simulations, making learning engaging and effective. Companies can customize content to meet their specific training needs, ensuring a consistent learning experience for all employees.
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Research Analysis
The corporate m-learning market is experiencing significant growth due to the increasing use of mobile devices for remote workforce training. Smartphones, laptops, tablets, and other mobile devices have become essential tools for employees to access scalable learning solutions. Mobile app development and cloud-based learning platforms are at the forefront of this trend, enabling companies to deliver interactive content to their workforces anytime, anywhere. Artificial intelligence (AI) and machine learning (ML) are being integrated into m-learning solutions to provide personalized learning experiences. Game-based learning, practical training methods, e-books, and interactive assessments are popular forms of mobile content. Portable Learning Management Systems (LMS) allow for M-enablement and on-the-job training through video lectures, examinations, and content development. Simulation-based learning and interactive assessments are also effective methods for enhancing corporate learning, making it more engaging and effective than traditional in-class methods.
Market Research Overview
The Corporate M-Learning Market refers to the use of mobile devices, such as smartphones and tablets, for employee training in businesses across various industries. With the rise of remote workforces and the globalization of businesses, scalable learning solutions have become essential for training employees in a flexible and cost-effective way. Mobile app development and cloud-based learning platforms have emerged as popular choices, leveraging artificial intelligence (AI) and machine learning (ML) for personalized learning experiences. Industries like Healthcare, IT, Finance, Manufacturing, and others are adopting these solutions to train their workforces. Geographical trends show that regions with high internet penetration and touchscreen usage have the highest adoption rates. Customizing content, virtual reality (VR), and augmented reality (AR) are also gaining popularity for adaptive learning technologies. The market is expected to grow further with the integration of 5G technology and the gig economy. Traditional in-person training methods are being replaced with digital training solutions, offering consistent training experiences and reducing expenses on travel, accommodation, and venue rental. Engaging content formats like gamification, simulations, multimedia presentations, and e-books are used to increase job satisfaction and reduce turnover rates. Portable Learning Management Systems (LMS), interactive assessments, and m-Enablement are key components of these solutions. Simulation-based learning, on-the-job training, and large organizations and startups are also adopting mobile learning market solutions. The market is expected to grow further with the development of mobile content authoring, software solutions, and content development for various mobile devices, including laptops and desktops. Interactive assessments, video lectures, and online-on-the-job training are also becoming popular. The mobile learning market is a dynamic and growing industry that is transforming the way businesses train their employees.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
TypeTechnical Corporate M-learningNon-technical Corporate M-learningEnd-userLarge OrganizationsSmall And Medium-sized EnterprisesGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America
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/corporate-m-learning-market-to-grow-by-usd-62-8-billion-2024-2028-driven-by-lower-training-costs-and-ai-trends–technavio-report-302239580.html
SOURCE Technavio
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LG Electronics and Samsung Unveil Cutting Edge Shoppable TV Capabilities Powered by TheTake.AI at CES 2025
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LAS VEGAS, Jan. 7, 2025 /PRNewswire/ — TheTake, the leader in AI-powered shoppable TV technology, today announced groundbreaking partnerships with LG Electronics and Samsung Electronics at the 2025 Consumer Electronics Show (CES) in Las Vegas. These collaborations significantly expand TheTake’s reach and capabilities, further solidifying its position as the premier platform for interactive, shoppable television experiences.
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Together, LG and Samsung account for a combined 59% of the U.S. smart TV market share, positioning TheTake as the leader in the fast-evolving Shoppable TV space. These collaborations follow TheTake’s 2024 partnership announcements with global sports streaming giant DAZN and emerging smart TV OEM Telly.
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Contact: info@thetake.com
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Press Contacts:
TheTake Public Relations Team
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Reolink Debuts 16MP Wi-Fi Camera & Continuous Recording Battery Cam Series at CES 2025
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LAS VEGAS, Jan. 7, 2025 /PRNewswire/ — Reolink, an innovative leader in intelligent visual technology for the home, today launches the Duo 3 WiFi at CES 2025. It is a 16MP UHD plug-in Wi-Fi camera with expansive 180° panoramic view, a new addition to Reolink’s groundbreaking 16MP series. Reolink also announces to release a new product line-up, the Altas Series – a range of battery-powered cameras designed for 24/7 continuous recording on a single charge. These new products underscore the company’s commitment to driving home security forward and enhancing daily life with user-centric innovation.
Reolink Duo 3 WiFi: 16MP Crystal-Clear Details and 180° Coverage
Struggling with blurry details, blind spots, or slow streaming? Reolink Duo 3 WiFi solves these issues perfectly. With its 16MP UHD clarity and dual 4K sensors, the Duo 3 WiFi stands out capturing the finest details and identifying objects within the surveillance area. Users can manually zoom in on the captured footage to discern intricate details like distant license plates. With the industry-leading image stitching algorithm technology, this dual-lens camera seamlessly merges two images into one with virtually minimal distortion and provides a seamless 180° ultra wide view, ensuring a complete coverage of home or business.
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Starting today, the Duo 3 WiFi is available for purchase in North America and Europe, with MSRP at $179.99 and €189.99. Customers can buy it from the Reolink website and Amazon.
Altas Series: Round-the-Clock Protection
Last September, Reolink launched the Altas PT Ultra, an industry-leading 4K continuous recording battery camera with a 360° blindspot-free view. Since the product’s release, the company has continued striving for excellence, extending the recording time from 96-hours on a single charge to 24/7 – perfectly meeting users’ demand for around-the-clock protection.
Reolink today introduces the new Altas Series, the world’s first 24/7 continuous recording battery-powered camera lineup, including the bullet-style 2K Altas with WiFi connectivity, the 4G battery camera Altas Go PT with a 360° blindspot-free view, and a future upgraded version for Altas PT Ultra with 24/7 continuous recording capability. Whether in on-grid or off-grid environments, the Altas Series’ products meet the needs of users.
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To learn more about Reolink and its new products, please visit its booth at Venetian Expo, Hall A-D 52747 during CES 2025. For more information, please visit: https://reolink.com/visit-reolink-at-ces/.
About Reolink
Reolink offers smart security solutions for homes and businesses, aiming for a seamless security experience with its wide range of products. Serving millions globally, it provides video surveillance and protection, standing out for its commitment to security technology innovation.
[1] Solar panels come as standard for this series. 2 hours of daily sunlight for a 6W Solar Panel is required for continuous recording or pre-recording; while 1 hour of daily sunlight for a 12W Solar Panel is required for continuous recording and pre-recording.
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SOURCE Reolink Innovation Inc.
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Output Management Software Market to Grow by USD 10.67 Billion (2025-2029), Driven by Healthcare Adoption and AI-Driven Market Transformation – Technavio
Published
19 minutes agoon
January 7, 2025By
NEW YORK, Jan. 7, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global output management software market size is estimated to grow by USD 10.67 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of almost 3% during the forecast period. Increased use of output management software solutions in healthcare industry is driving market growth, with a trend towards outsourcing of output management services. However, growing concerns over data security poses a challenge. Key market players include Broadcom Inc., CSG Systems International Inc., DOCPATH DOCUMENT SOLUTIONS SL, HP Inc., ISIS Papyrus Europe AG, kuhn and weyh Software GmbH, Kyocera Corp., LBM Systems LLC, LEVI RAY AND SHOUP INC., Lexmark International Inc., Open Text Corp., Pitney Bowes Inc., Plus Technologies LLC, QUADIENT, Ricoh Co. Ltd., Rochester Software Associates Inc., SEAL Systems AG, Stargel Office Solutions, Symtrax, and UNICOM .
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Output Management Software Market Scope
Report Coverage
Details
Base year
2024
Historic period
2019 – 2023
Forecast period
2025-2029
Growth momentum & CAGR
Accelerate at a CAGR of 3%
Market growth 2025-2029
USD 10669.8 million
Market structure
Fragmented
YoY growth 2022-2023 (%)
2.9
Regional analysis
North America, APAC, Europe, Middle East and Africa, and South America
Performing market contribution
APAC at 42%
Key countries
US, China, Germany, Japan, Canada, UK, India, France, Italy, and Saudi Arabia
Key companies profiled
Broadcom Inc., CSG Systems International Inc., DOCPATH DOCUMENT SOLUTIONS SL, HP Inc., ISIS Papyrus Europe AG, kuhn and weyh Software GmbH, Kyocera Corp., LBM Systems LLC, LEVI RAY AND SHOUP INC., Lexmark International Inc., Open Text Corp., Pitney Bowes Inc., Plus Technologies LLC, QUADIENT, Ricoh Co. Ltd., Rochester Software Associates Inc., SEAL Systems AG, Stargel Office Solutions, Symtrax, and UNICOM Global
The Output Management Software Market is witnessing significant growth due to the increasing trend towards digital transformation in various industries. Document management, email communications, and portals are key areas where output management software is being adopted. Large Enterprises in sectors like healthcare, education, banking, and IT are automating paperwork and printing of documents using workflow management systems and printing tools. Customer relationship management and enterprise resource planning systems are also integrating output management capabilities. Automation of administrative tasks, printing of system-generated documents, and outsourcing of printing are driving the market. Cloud-based and on-premises solutions cater to different business needs. Trends such as paperless operations, personalizing output communications, and e-commerce integration are gaining traction. The manufacturing sector is adopting output management software for automating manual tasks and improving business continuity planning. Sustainable development and cybersecurity concerns are also influencing the market. Cloud-based technologies, software compatibility, data access, and data theft are key considerations for businesses. The market is expected to grow further with the adoption of big data analytics and Internet of Things technologies. Electronic documents, invoices, and printed letters are common use cases for output management software. Digital transformation initiatives are driving the demand for efficient and secure output management solutions.
The output management software market is witnessing a significant trend with companies outsourcing print-related activities to Asia. This includes tasks such as document management and the printing process. By outsourcing these functions, firms can concentrate on their core competencies, like research and development and product creation. The Asia Pacific region is a major hub for this outsourcing activity, leading to a heightened demand for output management software in this area. A substantial portion of outsourcing is focused on operational print activities, involving materials like memos, brochures, stationery, and manuals.
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• The Output Management Software Market faces various challenges in document management, particularly with emails, portals, and paperwork. Large Enterprises in industries like healthcare, education, banking, and IT deal with numerous administrative tasks, printer management, and workflow systems. Printing of documents, customer relationship management, and enterprise resource planning add to the complexity. Automation of manual tasks and personalizing output communications are key to digital transformation initiatives. Challenges include software compatibility, data access, and security concerns such as data theft and cyber security. System-generated documents and outsourcing require careful consideration. Paperless operations are a goal, but printing remains necessary for some industries and applications. Sustainable development and e-commerce industries also impact the market. Cloud-based and on-premises solutions offer benefits, with cloud-based technologies gaining popularity. Services like electronic documents and big data analytics are transforming business processes. The market must address challenges in printing tools, electrical forms, operating systems, and IT industry standards. Manufacturing industries seek to automate manual tasks and personalize output communications. Internet of Things integration and business continuity planning are essential for future growth. Overall, the Output Management Software Market must adapt to meet the evolving needs of various industries and businesses.
• Output management software plays a crucial role in facilitating data transfer between input and output devices in businesses. However, the security of this data is a significant concern, especially in sectors like healthcare and BFSI. Output devices, such as Multi-Function Printers (MFPs), are potential entry points for security breaches. Vendors offer secure data transfer solutions, but these come with a higher price tag. Companies must carefully weigh the benefits of output management software against the potential risks and costs. Effective data security measures are essential to protect a company’s vital information and maintain its brand reputation.
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This output management software market report extensively covers market segmentation by
End-user 1.1 BFSI1.2 Healthcare1.3 Manufacturing1.4 OthersDeployment 2.1 Cloud2.2 On-premisesGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America
1.1 BFSI- In the banking, financial services, and insurance (BFSI) sector, output management software plays a crucial role in handling sensitive documents securely and complying with industry regulations. With a substantial volume of documents daily, output management software is essential for document scanning, optical character recognition (OCR), and form processing solutions. This software helps BFSI organizations achieve better security, cost reduction, and improved traceability. Additionally, it facilitates personalized and timely customer communication, enhancing the overall customer experience and satisfaction. Financial institutions require multi-channel document delivery, and output management software enables seamless delivery via preferred channels. JPMorgan Chase and Wells Fargo are prominent users, streamlining document workflows and managing diverse document types. RBC Capital Markets reduced costs by 30% using HP Managed Print Services, addressing challenges like high printing requirements, obsolete devices, and frequent repairs. The BFSI sector’s focus on document security, compliance, digital transformation, efficient document workflows, and cost reduction will fuel the demand for output management software, boosting the BFSI segment’s growth in the market.
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The Output Management Software market is a significant segment of the IT industry, focusing on managing and optimizing the production, delivery, and archiving of various types of business documents. This software plays a crucial role in streamlining document-intensive processes, reducing manual tasks, and enhancing business efficiency. The market caters to various sectors, including the document management, customer relationship management, enterprise resource planning, E Commerce industry, and more. Output Management Software supports multiple formats, including emails, portals, paperwork, and electronic documents. Key applications include printing, personalizing output communications, and ensuring business continuity planning. It is essential for industries dealing with large volumes of paperwork, such as financial services, healthcare, and government, to adopt Output Management Software for sustainable development and cost savings. Moreover, the software supports digital transformation initiatives by enabling seamless integration with Operating Systems and other business applications, ensuring the secure and timely delivery of information to various stakeholders. The market is witnessing significant growth due to the increasing demand for efficient document management, reducing reliance on printed letters, invoices, and other physical documents.
The Output Management Software market encompasses solutions that manage and automate the production and delivery of various forms of business documents, including emails, portals, and printed documents. These systems streamline administrative tasks, such as document management, workflow management, and customer relationship management, in industries like healthcare, education, banking, and IT. Automation of printing tools and the integration with ERP and CRM systems are key features. Cloud-based and on-premises solutions cater to large enterprises and small businesses, offering paperless operations and sustainable development. Services range from document creation to data access and security, including system-generated documents, outsourcing, and compliance with operating systems and software compatibility. Output Management Software supports digital transformation initiatives, enabling personalizing output communications, e-commerce, and business continuity planning. Big data analytics and IoT integration add value, while addressing concerns like data theft and cybersecurity. The market continues to evolve, offering innovative solutions for various industries and use cases.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
End-userBFSIHealthcareManufacturingOthersDeploymentCloudOn-premisesGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America
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
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/output-management-software-market-to-grow-by-usd-10-67-billion-2025-2029-driven-by-healthcare-adoption-and-ai-driven-market-transformation—technavio-302342663.html
SOURCE Technavio
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