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The adaptive learning software market is projected to grow by USD 1.88 Billion from 2024-2028, with AI impacting trends and rising demand for personalized learning boosting revenue – Technavio

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NEW YORK, Sept. 30, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The Global Adaptive Learning Software Market  size is estimated to grow by USD 1.88 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  24.04%  during the forecast period.  Increasing need for personalized learning is driving market growth, with a trend towards assessment functionalities in adaptive learning software  However, increasing costs related to implementation and training  poses a challenge – Key market players include Adobe Inc., Cornerstone OnDemand Inc., D2L Inc, DreamBox Learning Inc., iEnergizer Ltd., Instructure Holdings Inc., International Business Machines Corp., John Wiley and Sons Inc., Kidaptive Inc., Korn Ferry, Learning Technologies Group Plc, Lincoln Learning Solutions, Microsoft Corp., New Leaf Technologies Pty Ltd., Pearson Plc, Richardson Consulting Group, Skillsoft Corp., Think and Learn Pvt. Ltd., and Totara Learning Solutions Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Ed-tech companies, Educational institutions, and Corporate sectors), Deployment (Cloud-based deployment and On-premises deployment), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

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

Key companies profiled

Adobe Inc., Cornerstone OnDemand Inc., D2L Inc, DreamBox Learning Inc., iEnergizer Ltd., Instructure Holdings Inc., International Business Machines Corp., John Wiley and Sons Inc., Kidaptive Inc., Korn Ferry, Learning Technologies Group Plc, Lincoln Learning Solutions, Microsoft Corp., New Leaf Technologies Pty Ltd., Pearson Plc, Richardson Consulting Group, Skillsoft Corp., Think and Learn Pvt. Ltd., and Totara Learning Solutions Ltd.

Key Market Trends Fueling Growth

Adaptive learning software is a valuable tool for businesses, streamlining employee training and evaluation. Traditional methods, such as paper handouts and PowerPoint presentations, raised concerns regarding accuracy and timely results. Adopted by many organizations, adaptive learning software enables real-time training and evaluation based on designation, experience, and other parameters. Advanced features cater to corporate stakeholders, with vendors like Skillsoft offering the Skillport platform for customized training and system integration. Performance metrics assess employees on social, emotional, behavioral, and cognitive abilities. The launch of innovative AI-driven tools, like BYJU’S WIZ, further enhances performance measurement capabilities. These advancements are expected to fuel the demand for adaptive learning software in the business sector. 

The Adaptive Learning Software Market is witnessing significant growth as educational establishments and corporations adopt new technology to enhance training programs. Administrators seek personalized learning experiences for learners, leading to the increasing popularity of adaptive learning platforms. Integration difficulties with data management systems and conventional teaching methods persist, but the benefits of adaptive learning systems, such as high-speed internet access and real-time learner data analysis, outweigh the challenges. Adaptive learning systems use artificial intelligence, machine learning, and data science to provide customized content based on learners’ needs. Cloud-based and on-premise solutions cater to various sectors, including Higher Education, Corporate, K-12, and EdTech. Effective instructor training and implementation complexities are crucial for successful adoption. New technology trends, such as up-skilling, self-directed learning, augmented reality (AR), and virtual reality (VR), are transforming the digital education industry. Gamification and adaptive learning systems are also gaining traction, offering engaging learning experiences. Despite these advancements, challenges such as data privacy and security remain. The market’s growth is driven by the need for effective learner outcomes and the increasing use of ubiquitous computing in education. As the market continues to evolve, adaptive learning software will play a crucial role in delivering personalized, effective, and engaging learning experiences. 

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Market Challenges

The Adaptive Learning Software Market faces significant challenges in terms of cost and digital literacy. The high cost of the software and its deployment is a major barrier to entry for many institutions, particularly in developing regions. Additionally, the need for extensive staff training and continuous updating and subscription renewals add to the overall expense. The lack of digital literacy among faculty in some institutions further complicates the adoption process. These factors may hinder the market’s growth, requiring careful consideration and planning for potential adopters.The Adaptive Learning Software Market is experiencing significant growth due to the increasing demand for personalized learning solutions in both higher education and corporate segments. Advanced algorithms and data analytics enable these software applications to adapt to individual learner needs, enhancing the learning experience and improving student progress and proficiency level. Educational institutions, colleges, and universities are embracing adaptive learning software to address the unique requirements of each student, leading to better learning outcomes and engagement. Corporate training programs also benefit from adaptive learning solutions, addressing individual learning styles, pace, and linguistic requirements to improve worker productivity and address skill shortages. Technological developments continue to drive innovation in this market, with data-driven decision-making and ongoing education opportunities becoming essential for both academic institutions and corporate training initiatives. Adaptive learning software provides customized training courses and adapts to individual learning gaps, making it a valuable investment for educational technology suppliers.

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Segment Overview 

This adaptive learning software market report extensively covers market segmentation by

End-user 1.1 Ed-tech companies1.2 Educational institutions1.3 Corporate sectorsDeployment 2.1 Cloud-based deployment2.2 On-premises deploymentGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Ed-tech companies-  The adaptive learning software market is experiencing significant growth among ed-tech companies due to the increasing demand for personalized learning, particularly in the K-12 and higher education sectors. Factors fueling this growth include high broadband penetration, education networks, technology deployments in schools, content digitization, teacher shortages, new government policies, and the enrollment in online higher education. Companies like John Wiley and Sons Inc. And McGraw-Hill Education Inc. Offer adaptive learning software with features such as real-time performance feedback, learner-influenced instructional levels, integrated course management tools, and streamlined mobile capabilities. Solutions like ALEKS K-20 adaptive software by McGraw-Hill Education Inc. Provide personalized learning platforms for higher education. Ed-tech companies are also introducing cloud-based adaptive learning solutions to reduce implementation costs, but concerns over technical knowledge and safety and privacy issues remain.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The Adaptive Learning Software Market is experiencing significant growth in the digital education industry, driven by advancements in Artificial Intelligence (AI) and Machine Learning (ML) technologies. These technologies enable personalized learning solutions that cater to individual learner needs, enhancing the learning experience. Data science plays a crucial role in analyzing student progress and proficiency levels to provide effective up-skilling opportunities. Ubiquitous computing and EdTech have made adaptive learning systems accessible through e-learning platforms, enabling self-directed learning. Augmented Reality (AR) technology further enriches the learning experience by providing interactive and educational content. Advanced algorithms and data analytics help adaptive learning systems adjust to the student’s pace and learning style, making education more effective. Adaptive learning systems are being adopted by educational institutions, colleges, and corporations for effective teacher training and up-skilling employees in the Higher Education and Corporate sectors. Cloud-based and on-premise solutions offer flexibility, while high-speed internet ensures seamless access to these software applications. The future of adaptive learning lies in continuous innovation and integration with emerging technologies to provide a more effective and personalized learning experience.

Market Research Overview

Adaptive learning software is revolutionizing the digital education industry by leveraging advanced technologies such as artificial intelligence (AI) and machine learning to provide personalized learning solutions. These software applications use data analytics and learning analytics to understand individual learner needs, paces, and styles, and adapt the learning experience accordingly. The use of AI and machine learning enables adaptive learning software to deliver adaptive information based on the student’s progress and proficiency level. The adaptive learning market is witnessing significant growth due to the increasing demand for up-skilling and self-directed learning in the corporate segment, K-12 segment, and higher education segment. The integration of technologies such as AR, VR, gamification, and cloud-based software is enhancing the learning experience and engagement, leading to higher retention rates. Technological developments in adaptive learning software are enabling data-driven decision-making for educators and administrators, providing performance metrics and identifying individual learning gaps. However, implementation complexities and integration difficulties with data management systems and conventional teaching methods remain challenges. The adaptive learning market caters to the learning requirements of academic institutions, colleges, universities, and corporate training programs, offering customized training courses to address skill shortages and enhance worker productivity. The market is witnessing innovation in adaptive learning platforms, providing adaptive information in learning environments, and catering to linguistic requirements and learning disabilities. Ongoing education and skill enhancement are key drivers of the adaptive learning market, with educational technology suppliers investing heavily in technology-enabled learning solutions.

Table of Contents:

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

End-userEd-tech CompaniesEducational InstitutionsCorporate SectorsDeploymentCloud-based DeploymentOn-premises DeploymentGeographyNorth 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/

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SOURCE Technavio

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Consumer Watchdog Saves Policyholders More Than $53 million with 21st Century, USAA, and Liberty Insurance Rate Hike Challenges

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40 mins ago

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November 5, 2024

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LOS ANGELES, Nov. 5, 2024 /PRNewswire/ — Consumer Watchdog recently reached settlement in three challenges to double-digit rate hikes requested by 21st Century Insurance Company for its auto policies, United Services Automobile Association (“USAA”) for its homeowners, renters and condo policies, and Liberty Insurance Corporation for its homeowners policies. Consumer Watchdog’s advocacy resulted in a total savings of more than $53 million for California policyholders. The three companies’ newly-approved rates will take effect for all new and renewal policies between November 18, 2024 and February 12, 2025, and will impact over 671,000 policyholders combined. 

According to Consumer Watchdog’s analysis of the rate filings, the companies were overstating projected losses, causing their proposed rates to be excessive by millions of dollars. “Given the current state of the California insurance market, with insurer-created shortages and massive rate increases, it’s important that applications are closely scrutinized,” said Consumer Watchdog Staff Attorney Benjamin Powell. “Consumers’ seat at the table to challenge excessive rates is critical, especially when insurance companies are requesting multiple major rate hikes in the same year.”

In each case, Consumer Watchdog successfully advocated for lower overall rate increases under Prop 103 and prior approval rate regulations, which require insurers to justify all rate changes prior to implementation. 

Company/Line of Insurance

% Overall Rate Increase Requested

% Overall Rate Increase Approved

$ Savings 

Date Approved

Effective Date

21st Century/Auto

18.4 %

15.9 %

11.56 mill

10/2/24

11/18/24

USAA/Homeowners, Renters, Condo Owners

20.2 %

16.8 %

10.37 mill

10/4/24

2/12/25

Liberty Insurance Corp. /Homeowners

29.1 %

16.5 %

31.08 mill

10/2/24

12/10/24

 

In the 21st Century proceeding, the company initially sought a rate increase of 18.4% to its automobile insurance policies. This request followed a prior $29 million dollar rate increase effective January 2024. Consumer Watchdog challenged the rate hike as excessive under Prop 103 and the Department’s ratemaking regulations, specifically challenging 21st Century’s projected losses as being inflated for giving too much weight to recent losses. Additionally, Consumer Watchdog alleged that 21st Century’s method for projecting Bodily Injury and Uninsured Motorist claims would have resulted in excessive rates. Finally, Consumer Watchdog argued that 21st Century was trying to charge consumers for institutional advertising (ads designed to improve the company’s image rather than aimed at selling specific insurance products), in violation of state rules. (Read Petition)  

Consumer Watchdog requested that 21st Century provide further information to substantiate its application, and successfully advocated for a lower rate increase of 15.9%, representing a savings to California policyholders of more than $11.5 million. (Read Stipulation) 

In the USAA proceeding, the company sought an overall rate increase of 20.2% for its homeowners, condo and renters policies combined, which would have cost California policyholders an overall $53 million. Consumer Watchdog challenged the rate hike as excessive, calling out United Services’ projected losses as being overinflated. Consumer Watchdog also alleged that USAA was in violation of the rules by failing to provide required information to the Department to substantiate its loss projections. Finally, Consumer Watchdog argued that USAA, like 21st Century, had failed to properly exclude expenses for institutional advertising. (Read Petition)  

Consumer Watchdog requested that USAA provide further information in order to substantiate its claims about losses and other information in its application. Consumer Watchdog ultimately achieved a lower rate increase of 16.8%, saving California policyholders a total of more than $10 million. (Read Stipulation)

In the Liberty proceeding, the company sought an overall rate increase of 29.1% for its homeowners insurance policies, at a total cost to California policyholders of over $67 million. Consumer Watchdog argued that the requested rate increase was excessive. As with the 21st Century and USAA filings, Consumer Watchdog argued that Liberty’s trend selections overstated the projected losses, leading to an inflated rate indication. Additionally, Consumer Watchdog challenged Liberty’s claim that only 1% of its advertising expenses were “institutional” in nature. (Read Petition)

Consumer Watchdog sought additional information from Liberty that would support its trend selections and institutional advertising percentage. Through this information exchange Consumer Watchdog convinced the Department that Liberty’s institutional advertising percentage should be 100%, not 1%. 

“Consumers are inundated with ads from insurance groups, with nearly 10% of all television advertising expenses coming from insurers,”[1] said Consumer Watchdog staff attorney Ryan Mellino. “Prop 103 protects consumers from paying for general advertising. If insurers are going to expend billions of dollars in collected premiums on ads, that expenditure must be properly reflected in their rate filings.” 

Consumer Watchdog ultimately agreed that a 16.5% rate increase, reflecting just over half of the 29.1% increase Liberty initially sought, was reasonable, saving policyholders over $31 million. (Read Stipulation)

California’s voter-approved insurance reform law, Proposition 103, requires that insurers open their books and prove they need to raise rates in a process subject to full transparency, in which consumer representatives have the right to review and challenge improper rates and practices. According to the Consumer Federation of America, Prop 103 has saved California motorists over $154 billion since 1989. Consumer Watchdog has saved California consumers over $6 billion over the last 22 years by challenging excessive and unfair auto, home, business, and medical malpractice rates.

For more information about Proposition 103 visit: https://consumerwatchdog.org/prop-103/

[1] Doug Bailey, Insurance industry ads continue to be among top watched, InsuranceNewsNet, Aug. 22, 2022, https://insurancenewsnet.com/innarticle/insurance-industry-ads-continue-to-be-among-top-watched.

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SOURCE Consumer Watchdog

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Therap Services Enhances Healthcare Efficiency with Secure Document Signing Module for Streamlined Digital Signatures

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November 5, 2024

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TORRINGTON, Conn., Nov. 5, 2024 /PRNewswire/ — Therap Services, the national leader in providing HIPAA-compliant electronic documentation solutions to organizations and caregivers in the LTSS, HCBS, and broader human services settings is excited to introduce the Secure Document Signing Module (SDS) for streamlined digital signatures. This innovative module is set to transform how agencies manage document signing, offering enhanced security and operational efficiency.

The Secure Document Signing (SDS) Module from Therap Services provides a streamlined approach for users to upload PDF documents, assign appropriate Therap users to apply their signatures or initials, and then make these documents available for signing. Once published, these documents appear in the designated signers’ “To Do” tabs, simplifying the process of adding signatures. The module also offers the capability to download signed documents and re-upload them to Therap platform to confirm their authenticity, ensuring they have not been altered after signing.

The SDS module is versatile, supporting various document types such as Agency, Individual, Case Notes, and Individual Plan, making it a comprehensive solution for the healthcare sector’s diverse documentation needs. It allows agency-wide administrators and those in specific administrative roles to create SDS documents for organizational use, while providers with specific caseload roles can generate documents for individual cases. This integration with existing Case Note and Individual Plan workflows introduces a “Secure Document Signing” section for users with designated roles, streamlining the documentation process further.

The process of using the SDS feature is user-friendly; agencies or individuals simply upload the needed PDF to the Therap system. The interface is intuitive, facilitating the easy marking of areas on the document where signatures or initials are required. Once the document is ready and published, signees can apply their signatures as outlined. The system also provides functionalities to search, sign, update, and discontinue SDS documents, enhancing the efficiency of document management.

With the introduction of the SDS module, Therap continues to lead in the enhancement of digital solutions within healthcare. This module not only simplifies the document signing process but also enhances security and usability, fostering a more effective digital workflow for healthcare professionals.

For more information, visit https://www.therapservices.net/products/comprehensive-esolution-for-person-centered-services/

About Therap

Therap’s comprehensive and HIPAA-compliant software is used in human services settings for documentation, communication, reporting, EVV and billing.

Learn more at www.therapservices.net.

Related Links

http://www.therapservices.net

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SOURCE Therap Services

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Mutually Human Expands Expertise Through Strategic Merger with SpinDance, a Leading Software Innovator

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November 5, 2024

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Mutually Human, a leading digital engineering firm specializing in artificial intelligence, data, and software development, is excited to announce its merger with SpinDance, a full-stack IoT solutions provider and software development company known for its deep expertise in embedded systems, cloud platforms, and user interface design.

GRAND RAPIDS, Mich., Nov. 5, 2024 /PRNewswire-PRWeb/ — Mutually Human, a leading digital engineering firm specializing in artificial intelligence, data, and software development, is excited to announce its merger with SpinDance, a full-stack IoT solutions provider and software development company known for its deep expertise in embedded systems, cloud platforms, and user interfaces. The combined entity will operate under the Mutually Human brand, enhancing its service offerings and providing even greater value to clients.

Together, we’ll continue to help organizations innovate by addressing both their current and emerging needs, especially in the rapidly growing areas of IoT and embedded software.

SpinDance, which recently celebrated 24 years in business, brings deep capabilities in embedded and IoT software to the merger, expanding Mutually Human’s reach into these areas. With a shared focus on client relationships, personalized service, and deep technical capabilities, the combined company is positioned to offer comprehensive digital solutions, empowering clients to navigate today’s complex technology landscape.

“We are thrilled to join forces with SpinDance, a company whose values, culture, and expertise align so well with our own,” said Jason Kuipers, President of Mutually Human. “This merger not only strengthens our core capabilities but also enables us to deliver more holistic, future-proof solutions for our clients. Together, we’ll continue to help organizations innovate by addressing both their current and emerging needs, especially in the rapidly growing areas of IoT and embedded software.”

Both Mutually Human and SpinDance are deeply rooted in the technology community, each having built strong reputations for innovation, technical expertise, and client service. This merger solidifies their commitment to maintaining these values while expanding their ability to offer cutting-edge digital transformation solutions.

“We are proud to join Mutually Human in this new chapter,” said Kim Burmeister, CEO of SpinDance. “For over two decades, SpinDance has been helping businesses solve critical challenges through software development. By merging with Mutually Human, we can leverage our shared strengths to better serve our clients and continue driving innovation through meaningful digital solutions.”

This merger marks a milestone for both companies, bringing together two trusted names in software development and digital transformation to provide a wider range of services to clients both regionally and beyond.

Century Technology Group, Mutually Human’s parent company, offered key support and strategic direction during the merger. Dedicated to promoting growth and innovation, Century Technology Group plays an essential role in shaping Mutually Human’s strategic decisions and long-term success.

About Mutually Human

Mutually Human is a full-service digital engineering firm that addresses complex business challenges with a focus on People, Process, and Technology. By harnessing the power of Artificial Intelligence, Data, and Software, they help companies optimize operational efficiency, drive data-informed decisions, and elevate the customer experience. Mutually Human collaborates closely with clients to create and implement technology that’s intuitive, outcome-driven, and empowers organizations to achieve more with less. For more information about Mutually Human, visit www.mutuallyhuman.com.

About SpinDance

SpinDance designs and develops fully integrated, custom software systems that bring products to life with elegant, compelling user experiences. Their passion for crafting the highest quality solution, combined with their big-picture, human-centered systems approach, results in innovative products that just work. Their in-house team can help you take a product from ideation through planning and development to growth and scale – using embedded, cloud, web/mobile, and machine learning technology. Their highly skilled team is motivated, nimble, easy to work with, and above all, dedicated to your success. For more information about SpinDance, visit www.spindance.com.

About Century Technology Group

Century Technology Group is a family office based in Grand Rapids, MI. The firm partners with proven operating leaders to provide growth capital, administrative resources, and managerial consulting to promising technology-led businesses with strong core products, services, or capabilities. Their portfolio companies also include MindSpring, a global leader in digital content production, and Talent Strategy, a professional search and recruiting firm. For more information, please visit www.centurytechgroup.com.

Media Contact
Joel Ippel, Mutually Human, 1 6164754225, joel.ippel@mutuallyhuman.com, www.mutuallyhuman.com

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