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Corporate Compliance Training Market to Grow by USD 4.73 Billion (2024-2028), with Continuous Monitoring and AI Driving Market Transformation – Technavio

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NEW YORK, Oct. 2, 2024 /PRNewswire/ — Report with the AI impact on market trends – The Global Corporate Compliance Training Market  size is estimated to grow by USD 4.73 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  10.87% during the forecast period. Rise in continuous monitoring approach is driving market growth, with a trend towards increased role of analytics in compliance training. However, intangible nature of outcome measurement  poses a challenge – Key market players include 360training.com Inc., Anthology Inc., City and Guilds Group, Cornerstone OnDemand Inc., EI Design Pvt. Ltd., iSpring Solutions Inc., John Wiley and Sons Inc., KnowBe4 Inc., Learning Technologies Group Plc, LRN Corp., LSA Global LLC, NAVEX Global Inc., NetZealous LLC, OpenSesame Inc., OutSolve, SAI360 Inc., Skillsoft Corp., TrainingFolks, Trupp HR Inc. , and upGrad Education Pvt. Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (Online and Blended), End-user (Large
enterprises and SMEs), and Geography (North
America, Europe, APAC, Middle East and Africa,
and South America)

Region Covered

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

Key companies profiled

360training.com Inc., Anthology Inc., City and
Guilds Group, Cornerstone OnDemand Inc., EI
Design Pvt. Ltd., iSpring Solutions Inc., John Wiley
and Sons Inc., KnowBe4 Inc., Learning
Technologies Group Plc, LRN Corp., LSA Global
LLC, NAVEX Global Inc., NetZealous LLC,
OpenSesame Inc., OutSolve, SAI360 Inc., Skillsoft
Corp., TrainingFolks, Trupp HR Inc. , and upGrad
Education Pvt. Ltd.

Key Market Trends Fueling Growth

The corporate compliance training market is experiencing significant growth due to the increasing adoption of cloud computing and advanced teaching technologies in corporate organizations. Cloud computing facilitates centralized data storage, processes, and bandwidths, making learning more efficient and effective. This has led to the generation of vast amounts of data on the types of courses being delivered, their complexity, and employee feedback. Organizations use learning analytics tools to extract and analyze this data, enabling them to create personalized, interactive, and responsive courses for individual learners. Traditional compliance training methods often result in employee disengagement. Personalized compliance training materials, tailored to learners’ needs and career goals, can increase engagement and help organizations maintain compliance policies. This trend is expected to continue driving market growth during the forecast period. 

Corporate compliance training is a crucial development initiative for businesses of all sizes, including medium enterprises and large organizations. Trends in this market include the integration of enterprise resource planning, transport management, and trade management systems. Funding and expertise in cutting-edge technologies like digital technology, trade analytics, machine learning, artificial intelligence, and game-based learning are driving growth. E-learning compliance training, custom-built solutions, and blended and online formats are popular. Regulatory compliance, continuous learning, and interactive training are key priorities. 5G infrastructure, cloud technologies, and smart devices enable more effective and efficient training. E-learning solutions are improving with the use of SMAC technology, social media, mobile devices, and big data analytics. Game-learning and tailored compliance training are also gaining traction in the market. Businesses are embracing technological improvement to keep up with the changing business landscape. 

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Market Challenges

Corporate compliance training is essential for organizations to ensure their employees adhere to regulatory policies and internal guidelines. However, measuring the effectiveness of these training programs remains a challenge for many companies. Despite advanced measurement tools, it’s difficult to assess if employees retain and apply the knowledge gained during training. This inability to evaluate training outcomes hinders improvement and addressing skill gaps. Large organizations face additional challenges, such as inconsistent training due to language and expertise differences among external trainers. The absence of standardized metrics and methods to evaluate compliance training programs’ effectiveness may hinder market growth during the forecast period. Organizations need to focus on implementing effective measurement strategies to ensure their compliance training investments yield the desired results.Corporate compliance training is essential for businesses to ensure their workforces adhere to regulations and ethical standards. Interactive training methods, such as e-learning, have become popular due to their convenience and efficiency. However, challenges arise with the use of e-learning, including internet infrastructure, smart devices, and SMAC technology. Tailored compliance training is crucial for MNCs with diverse workforces and demographics. Big companies face unique challenges like supply chain rerouting, centralised data processing, and bandwidths. Learning effectiveness and efficiency depend on learning technologies, analytics, and behaviour modification. Regulatory Compliance Training, Sexual Harassment Training, Cyber Security Training, and Diversity Training are key areas of focus. Workfromhome policies and the worldwide public’s buying habits have accelerated the need for online training. Information Security is a major concern, and workforces require training on compliance standards like GDPR and HIPAA. Management systems should incorporate interactive elements and various training methods to overcome technical difficulty.

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Segment Overview 

This corporate compliance training market report extensively covers market segmentation by

Type 1.1 Online1.2 BlendedEnd-user 2.1 Large enterprises2.2 SMEsGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Online-  Corporate compliance training is undergoing a transformation through online mediums, providing organizations with a new way to deliver instruction to employees. This method boosts productivity, broadens training opportunities, and motivates employees to stay updated on compliance policies. Due to the challenges of retaining employee attention in traditional sessions, compliance professionals incorporate various formats like videos, audio, and simulations. The widespread use of mobile devices in workplaces enables access to compliance training modules, with mobile games and apps offering self-paced learning. Vendors provide mobile apps for compliance information and training. The online platform offers advantages in content design, assessment practices, and monitoring through mobile analytics. The Compliance Management App by MetricStream facilitates compliance monitoring and management. In 2020, the coronavirus pandemic accelerated the adoption of online corporate compliance training due to mass lockdowns and remote work. In 2021, the shift towards a hybrid work model emphasized the importance of flexible training solutions catering to both on-premises and remote employees, driving the steady growth of the online corporate compliance training market.

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Research Analysis

Corporate compliance training is an essential development initiative for businesses to ensure their workforces adhere to regulatory requirements and company policies. Interactive training, such as e-learning through the internet infrastructure, has become increasingly popular due to the availability of smart devices and SMAC technology. Tailored compliance training programs cater to various industries, including Information Security, Regulatory Compliance Training, Sexual Harassment Training, Cyber Security Training, and Diversity Training. MNCs leverage these training programmes to meet compliance standards and address workforce demographics. E-learning provides interactive elements, enabling real-time feedback and learning analytics to enhance training effectiveness. Social and mobile learning further expand accessibility and engagement.

Market Research Overview

Corporate compliance training is a crucial development initiative for businesses in today’s complex regulatory landscape. With the increasing use of interactive training methods, such as e-learning and gamification, businesses can provide tailored compliance training to their workforces, regardless of location or workfromhome policies. The use of SMAC technology, including social, mobile, cloud, and analytics, enables efficient and effective learning, even on smart devices with limited bandwidths. E-learning solutions have become essential for MNCs and large organizations, allowing them to implement regulatory compliance training programmes for diverse workforces, including Sexual Harassment Training, Cyber Security Training, and Diversity Training. Medium enterprises also benefit from these technological improvements, enabling them to compete with larger organizations and adapt to changing business environments. Cloud computing and centralised data processing provide a significant advantage in managing compliance training, allowing for real-time reporting and analysis of learning effectiveness and efficiency. E-learning compliance is a critical aspect of these training programmes, ensuring that businesses remain up-to-date with the latest compliance standards. Expertise in cutting-edge technologies, such as big data analytics, machine learning, and artificial intelligence, is essential for creating effective compliance training. Game-based learning and mobile learning are also becoming increasingly popular, leveraging 5G infrastructure and interactive elements to engage learners and improve training methods. Training centre or classroom-based sessions are no longer the only option, as blended and online training programmes offer flexibility and cost savings. The worldwide public’s buying habits and supply chain rerouting have led to an increased focus on compliance training, with workforce demographics and management systems playing a significant role in determining the most effective training methods. In conclusion, the corporate compliance training market is evolving rapidly, with a focus on interactive, efficient, and effective training methods. E-learning solutions, SMAC technology, and cloud technologies are driving this evolution, enabling businesses to adapt to changing regulatory requirements and provide their workforces with the expertise they need to succeed.

Table of Contents:

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

TypeOnlineBlendedEnd-userLarge EnterprisesSMEsGeographyNorth AmericaEuropeAPACMiddle 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/

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SOURCE Technavio

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Operation HOPE Lands in Alabama to Help Boost Financial Literacy and Empower Communities Across the State

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“UPLIFT” and the “American Aspiration Tour” Aim to Improve Economic Mobility in Birmingham and Montgomery

ATLANTA, Oct. 2, 2024 /PRNewswire/ — Operation HOPE is proud to announce the arrival of The American Aspiration Tour (AAT) and UPLIFT, multi-city initiatives aimed at transforming financial literacy across the nation. Spearheaded by John Hope Bryant, founder and CEO of Operation HOPE, the events seek to empower individuals and communities through actionable financial education, equipping underserved communities with the tools and knowledge to enhance economic mobility and close the wealth gap.

The events in Birmingham and Montgomery will take place on October 3, 2024. Each is open to the public at no cost. To register, click HERE.

“Our goal with The American Aspiration Tour and UPLIFT is to bridge the financial literacy gap, one city at a time. By creating opportunities for meaningful discussions, we aim to not only inspire change but equip communities with the skills they need to build brighter financial futures,” said John Hope Bryant. “We’re addressing the root causes of economic inequality by empowering individuals with the tools to succeed in today’s economy.”

Alabama’s financial literacy challenge is clear. According to HOPE’s Community Credit Index (CCI), the average credit score in the state is 692—one of the lowest in the nation. UPLIFT and AAT aim to tackle overarching issues head-on.  By providing residents with the knowledge and tools to better manage credit, save, and invest, Operation HOPE aims to build a more financially resilient community. Other HOPE CCI data reveals the positive impact of HOPE’s local programs, including:

Birmingham:

Average beginning credit score for clients – 587Average increase in credit score for clients – +44 pointsMedian reduction of client debt – –$1,064Median increase in client savings – +$915

Montgomery:

Average beginning credit score for clients – 583Average increase in credit score for clients – +36 ptsMedian reduction of client debt – $496Median increase in client savings – +$1000

In addition to Alabama, the tours will make stops in other states including Georgia, Missouri, North Carolina and Ohio, among others. Each will feature thought-provoking conversations with local leaders about financial empowerment, economic justice, and the role of financial literacy in building a more equitable society. AAT events will also spotlight Financial Literacy for All, the best-selling book by Mr. Bryant, which explores critical solutions for creating widespread economic prosperity.

“Operation HOPE is exactly the kind of forward-thinking partner our community needs,” said Mayor Randall Woodfin of Birmingham. “Financial literacy is the foundation of economic success, and I am excited that Birmingham is part of this impactful movement.”

“Money won’t solve everything, but I believe increasing financial literacy can go a long way in improving outcomes for our citizens,” said Montgomery Mayor Steven Reed.  “We want to improve the financial health of families and individuals in a manner that leads to long-term economic success. Our partnership with Operation HOPE is key to achieving this goal.”

With financial inclusion at its core, Operation HOPE is determined to ensure that every event participant leaves inspired, with a deeper understanding of budgeting, investing, homeownership, and credit management— all of which are key pillars to building generation wealth.

About the American Aspiration Tour
The American Aspiration Tour (AAT) is a multi-city event designed to increase financial literacy across the United States. This tour, led by Operation HOPE, will empower individuals and communities through financial education, with the ultimate goal of enhancing economic mobility and closing the wealth gap. AAT includes a series of meaningful conversations with leaders across the nation. It will also serve as a platform to highlight “Financial Literacy for All,” the latest book by Operation HOPE founder, John Hope Bryant. Visit https://operationhope.org/american-aspiration-tour/ for more info.

About HOPE UPLIFT
UPLIFT, an acronym for ‘Understanding, Promoting, and Leveraging Financial Tools,’ embodies Operation HOPE’s commitment to equipping individuals and communities with the knowledge and resources needed to achieve financial well-being. Through a series of engaging events hosted by HOPE and other dedicated local partners, such as the US Small Business Administration, UPLIFT aims to introduce and educate communities about its ongoing programs nationwide.

About Operation HOPE, Inc.
Since 1992, Operation HOPE has tirelessly pursued its mission of advancing economic empowerment and opportunity across America. Through innovative programs like HOPE Inside, recognized by American Banker magazine, the organization has impacted over 4 million individuals and facilitated nearly $4 billion in economic activity in underserved communities. Its initiatives have transformed lives by transitioning check-cashing customers to banking, renters to homeowners, and minimum wage workers to living wage earners. Recently honored with Fast Company’s World Changing Ideas Award and maintaining a top 4-star charity rating from Charity Navigator, Operation HOPE remains steadfast in its commitment to transparency, accountability, and driving entrepreneurship. Join the organization in leveling the economic playing field through The 1865 Project. Learn more at OperationHOPE.org and join the conversation on social media at @operationHOPE.

Contacts:
Kevin Boucher, for AAT
kevin.boucher@operationhope.org

Lance Triggs, for HOPE UPLIFT
lance.triggs@operationhope.org

Lalohni Campbell, Operation HOPE
LA@persemediagroup.com
(404) 593-7145

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SOURCE Operation HOPE, Inc.

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USPACE Technology Group Announces Board Changes and Adopts New Company Logo

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Appoint AICTO General Director H.E. Mohamed Ben Amor as Executive Director and Chairman of the Board

Mr. Sun Fengquan Transitions to Honorary Chairman and Remains as CEO

Enhance the Global Representation of the Board and Seize the Opportunities in the Global Aerospace Market

HONG KONG, Oct. 3, 2024 /PRNewswire/ — USPACE Technology Group Limited (“USPACE ” or “the Group”; Stock Code: 1725.HK) announces that with effect from 2 October 2024, the Group has appointed H.E. Mohamed Ben Amor, general director of the Arab Information and Communications Technologies Organization(AICTO), as executive Director and chairman of the Board. Following Mr. Sun Fengquan’s resignation as executive Director and chairman of the Board, Mr. Sun has been appointed as the honorary chairman of the Company and remains as Chief Executive Officer. The Group has also appointed Mr. Boris Tadić, a former President of Serbia, as independent non-executive Director. These changes optimize the Board structure, enhance corporate governance, and facilitate the Group’s international business development. Additionally, the Group has adopted a new company logo, refreshing its corporate image and marking a new phase of development.

USPACE said both the Group’s newly appointed executive Director and chairman of the Board, H.E. Ben Amor, and independent non-executive Director, Mr. Tadić, possess extensive experience and expertise in the aerospace sector. Their global vision and extensive networks are expected to significantly enhance the Group’s international competitiveness, facilitating the expansion of its global cooperation network and enabling it to better capitalize on development opportunities in the global aerospace market.

H.E. Ben Amor obtained his Master’s degree in International Project Management and Human Resources from the National Conservatory of Arts and Crafts, Paris, in 2011. H.E. Ben Amor has more than 10 years of experience in project management, technical operations, telecommunications and ICT development and policy, and ICT infrastructure development. H.E. Ben Amor is currently the general director of the Arab Information and Communication Technologies Organization (AICTO), a specialized Arab governmental organization working under the aegis of the Arab League which aims to promote development of ICT in the Arab region, a position he held since 2016. From 2011 to 2015, H.E. Ben Amor was Special Advisor to the Minister of the Tunisia Ministry of Information and Communication Technologies, where he was in charge of the International Cooperation Bureau. Prior to the above, H.E. Ben Amor held various positions in the Tunisia Telecommunications Research and Studies Agency for over 10 years, he last held the position of Director General from 2009 to 2011.

Mr. Tadić received an Honorary Doctorate from Dimitrie Cantemir Christian University in 2009. Mr. Tadić was formerly the President of Serbia from 2004 to 2012. Prior to that he served as the Minister of Defense of Serbia and Montenegro from 2003 to 2004 and the Minister of Telecommunications of Serbia and Montenegro from 2000 to 2003.

The changes to the Group’s Board of Directors include that with effect from 2 October 2024, Professor Guo Huadong has resigned from his office of non-executive Director, Dr. Mazlan Binti Othman has resigned from her office of non-executive Director, and Professor Wang Jianyu has resigned from his office of independent non-executive Director. Each of Professor Guo, Dr. Othman and Professor Wang has confirmed that he/she has no disagreement with the Board and that there is no matter in relation to their respective resignation that needs to be brought to the attention of the Stock Exchange.

USPACE’s globalization strategy continues to make substantial progress. The Company is gradually building a complete aerospace ecosystem, while innovating and creating core satellite products.

— End —

About USPACE Technology Group Limited (USPACE)

USPACE Technology Group Limited (USPACE) is headquartered in Dubai, United Arab Emirates and Hong Kong, China. The Company is committed to using outer space technology and application services to promote the sustainable development of the Earth and the progress of human society, aiming to become a leading provider of outer space technology and Earth application services.

The Group focuses on satellite manufacturing as the core of its business development, building an integrated commercial aerospace ecosystem, including satellite component manufacturing, precision electronics manufacturing, satellite data applications, satellite measurement and control, satellite launches, and the operation and management of the Abu Dhabi Space Eco City in the United Arab Emirates.

For further information, please visit https://www.uspace.com/

or contact: 

iPR Ogilvy Limited
Callis LauLorraine Luk
Tel: (852) 2136 6952 / 2169 0467
Fax: (852) 3170 6606
Email: callis.lau@iprogilvy.com / lorraine.luk@iprogilvy.com

Logo – https://mma.prnewswire.com/media/2521917/4947673/UPSPACE_Logo.jpg

 

 

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Tabs Continues Rapid Product Development with Official Launch of Intelligent Collections

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Tabs, the market leader in Revenue Automation, announced the release of Intelligent Collections, a feature designed to help B2B companies manage unpaid invoices, prioritize collections, and improve cash flow visibility, to address the unique challenges of managing receivables in high-growth environments.

NEW YORK, Oct. 2, 2024 /PRNewswire-PRWeb/ — Tabs, the market leader in Revenue Automation, today announced the release of Intelligent Collections, a feature designed to help B2B companies manage unpaid invoices, prioritize collections, and improve cash flow visibility. The release addresses the unique challenges of managing receivables in high-growth environments.

“The platform takes away the burden of recurring invoices, including custom partner invoices, and aging reports,” says Neha Narkhede, Co-Founder & CEO of Oscilar, a leading provider of cutting-edge risk technology solutions to fintechs and financial institutions.

Intelligent Collections reimagines Finance by bringing it the first Kanban intuitive interface that centralizes all aspects of collections. CFOs can now easily:

Prioritize unpaid invoices: Tabs’ dashboard allows users to filter and sort invoices by due date, customer, or amount, enabling finance leaders to focus their efforts on high-priority accounts. By removing the need for manual tracking through spreadsheets or fragmented tools, finance teams can ensure no invoices fall through the cracks.Send automated reminders: With customizable settings, Tabs enables users to send tailored reminder emails directly from the platform. These reminders can be scheduled based on pre-set intervals, eliminating manual follow-up and improving the likelihood of prompt payments.Track customer payments: Real-time payment tracking ensures users have an up-to-date view of which customers have made payments, allowing them to act quickly on any payment discrepancies.

In addition to its core functionality, the Collections Workflows feature also provides valuable insights by comparing current invoices against historical data, helping finance leaders identify trends in customer payment behavior. This historical perspective can be instrumental in predicting cash flow, spotting recurring late payments, and adjusting collection strategies.

Beyond Intelligent Collections, Tabs has recently launched a suite of additional enhancements aimed at further streamlining revenue operations for growing B2B companies. The updates include:

Renewal AI: Leveraging AI to manage contract renewals, this feature helps finance teams automatically track critical contract dates and identify upsell opportunities by flagging escalation clauses or contract value increases.Revenue Reporting: Beyond recognizing revenue in accordance with ASC 606, Tabs also launched ARR reporting. This helps finance teams get a sense of their overall business health. Further enhancements to reporting include time series analysis to visualize revenue and ARR trends by customer and category.Credit Card Fees Automation: Allow you the option to pass through credit card fees to invoices, enabling companies to pass fees directly to customers while offering flexible payment options.

Each of these features is designed to complement Tabs’ broader mission of providing a fully unified platform for revenue management. From billing and collections to contract renewals, Tabs ensures that all revenue processes can be automated and managed within a single system, eliminating the need for fragmented point solutions.

Streamlining Receivables for B2B Companies

Tabs’ Revenue Automation platform is built with the unique needs of SaaS startups in mind. As companies scale, managing revenue processes becomes increasingly complex, particularly as they deal with larger customer bases, more frequent renewals, and a growing volume of invoices. Tabs offers CFOs and finance teams a streamlined solution that automates these critical processes, enabling them to focus on strategic growth rather than manual administrative tasks.

“The platform takes away the burden of recurring invoices, including custom partner invoices, and aging reports,” says Neha Narkhede, Co-Founder & CEO of Oscilar, a leading provider of cutting-edge risk technology solutions to fintechs and financial institutions. “The Tabs’ product release velocity has gone unmatched these last few months since coming out of stealth. The team continues to make their vision for revenue automation a reality by churning out high impact features on a weekly basis.”

About Tabs

Tabs is a leader in Revenue Automation, offering an integrated platform that helps SaaS companies manage their revenue processes from contract signing to cash collection. By automating collections, billing, revenue recognition, and renewals, Tabs empowers finance teams to optimize cash flow and focus on business growth.

Media Contact

Andre Fuochi, Tabs, 1 469-394-7274, andre@tabsplatform.com, https://tabs.inc

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