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Virtual Schools Market in North America to Grow by USD 2.17 Billion from 2024-2028, Driven by Cost-Effective Teaching Models and AI-Redefining the Market Landscape – Technavio

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NEW YORK, Oct. 17, 2024 /PRNewswire/ — Report with market evolution powered by AI – The Virtual Schools Market in North America  size is estimated to grow by USD 2.17 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  15.2%  during the forecast period. Need for cost-effective teaching model is driving market growth, with a trend towards emergence of learning via mobile devices. However, increase in open-source learning content  poses a challenge – Key market players include Abbotsford Virtual School, American School, Apex Learning Inc., Arizona State University, Basehor Linwood Virtual School, Charter Schools USA, Discovery Education Inc., D2L Inc., Florida Virtual School, Lincoln Learning Solutions, Ontario Virtual School Inc., Pansophic Learning, Pearson Plc, Primavera Online High School, Spring Education Group, Stanford University, Stride Inc., University of Nebraska Lincoln, University of the People, and VirtualHighSchool.com Inc..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Type (For-profit EMO and Non-profit EMO), Application (Elementary schools, Middle schools, High schools, and Adult education), and Geography (North America)

Region Covered

North America

Key companies profiled

Abbotsford Virtual School, American School, Apex Learning Inc., Arizona State University, Basehor Linwood Virtual School, Charter Schools USA, Discovery Education Inc., D2L Inc., Florida Virtual School, Lincoln Learning Solutions, Ontario Virtual School Inc., Pansophic Learning, Pearson Plc, Primavera Online High School, Spring Education Group, Stanford University, Stride Inc., University of Nebraska Lincoln, University of the People, and VirtualHighSchool.com Inc.

Key Market Trends Fueling Growth

The use of mobile devices in education has become increasingly popular among North American educational institutions. With the widespread adoption of smartphones and tablets, students can now access personalized and flexible learning experiences. Mobile devices are no longer just tools for content absorption but also for attending lectures, receiving alerts and updates, and participating in educational activities. This trend is driven by the growing number of tech-savvy students and the awareness of the benefits of mobile learning. As a result, virtual schools are embracing a blended learning approach that combines online and offline education. Vendors are responding to this trend by developing online learning content optimized for mobile devices, making virtual schools an essential part of the North American education market. 

The Virtual Schools market in North America is experiencing significant growth, driven by trends in personalized learning technologies, artificial intelligence, and student engagement. Interactive content, gamification, and online and cyber schools are becoming increasingly popular. Digital platforms and learning management systems offer flexible educational programs through online learning platforms. Public policies, accreditation, curriculum standards, and teacher qualifications continue to shape the landscape. Non-profit Educational Management Organizations (EMOs) and hybrid virtual programs cater to socioeconomic factors. Augmented and virtual reality, screen time, health effects, and digital technologies are key considerations. Higher education, STEM education, and smartphones are expanding the reach of virtual schools in North America. 

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Market Challenges

The virtual schools market in North America relies on providing online study materials and services to support digital learning platforms. However, the emergence of open-source educational solutions, such as Massive Open Online Courses (MOOCs), poses a significant challenge. MOOCs offer affordable or free courses, accessible via mobile devices, and cover comprehensive subject matter. Popular MOOC providers like Khan Academy, edX, and Coursera provide free K-12 courses in various subjects. This trend may impact the growth of the virtual schools market, as some users prefer the cost-effective and holistic nature of MOOCs over paid virtual school offerings during the forecast period.Virtual schools in North America have seen significant growth in the past few years, with online education and digital learning becoming increasingly popular. However, this shift towards e-learning brings several challenges. Personalized learning through smartphones and digital technologies is essential, but managing screen time and addressing health effects are concerns. Higher education institutions are exploring augmented reality (AR) and virtual reality (VR) for learning. STEM education, secondary education, and advanced placement courses are popular, with flexible learning options and transferable credits. Synchronous and asynchronous instruction through e-learning applications, video conferencing, and web conferencing are common. For-profit Educational Management Organizations (EMOs) offer online modes for high schools, while competitive exams require effective student participation. 5G network and advanced learning tools, including machine learning, AR and VR, are transforming education. However, addressing the sedentary lifestyle and providing effective student assessment software and blended learning solutions are crucial. Corporate training also benefits from online modes.

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Segment Overview 

This virtual schools market in North America report extensively covers market segmentation by

Type 1.1 For-profit EMO1.2 Non-profit EMOApplication 2.1 Elementary schools2.2 Middle schools2.3 High schools2.4 Adult educationGeography 3.1 North America

1.1 For-profit EMO-  For-profit Education Management Organizations (EMOs) are private entities that operate schools or offer educational services with the primary objective of generating profits. These organizations collaborate with schools and districts to provide administrative and operational support, curriculum development, teacher training, and other educational services. In the realm of virtual education, for-profit EMOs invest in advanced technology infrastructure, learning management systems, and instructional resources to deliver superior virtual learning experiences. They offer customized virtual education programs catering to specific student populations, featuring specialized curricula, enrichment programs, and support services. For-profit EMOs’ innovative approaches to curriculum, instruction, and technology integration attract schools seeking novel teaching methods, thereby driving growth in the North American virtual schools market. Consequently, the for-profit EMO segment is projected to expand substantially during the forecast period.

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Research Analysis

Virtual schools, also known as online or cyber schools, have revolutionized education in North America by providing flexible and accessible learning opportunities. These digital learning environments offer a wide range of benefits, including personalized learning, synchronous and asynchronous instruction, and transferable credits. Students can attend online schools using smartphones, computers, or tablets, making education more accessible than ever before. Advancements in technology have further enhanced virtual education with the integration of augmented reality, virtual reality, and artificial intelligence. Personalized learning technologies and interactive, content keep students engaged and motivated. Competitive exams can also be taken online, making it easier for students to prepare and test their knowledge. Course modules and printed materials are often available for download, while video conferencing and web conferencing allow for real-time interaction between students and teachers. Higher education institutions have also embraced virtual learning, offering online degree programs and certificate courses. Gamification and the use of digital platforms have made learning more fun and interactive, while the integration of virtual and augmented reality technologies provides a more learning experience. Overall, virtual schools offer a convenient, flexible, and effective alternative to traditional classroom learning.

Market Research Overview

Virtual schools, also known as online or e-schools, have become an integral part of North America’s education landscape. These digital learning environments offer flexible, personalized, and educational experiences through various digital technologies such as smartphones, virtual reality (VR), and augmented reality (AR). Higher education institutions are increasingly adopting online modes for delivering courses, while K-12 schools offer advanced placement courses, STEM education, and synchronous and asynchronous instruction. Digital technologies have transformed traditional distance learning into a more interactive and engaging experience. Screen time and health effects are concerns, but educational institutions are addressing these issues through blended learning solutions and interactive content. Online education tools like learning management systems, student assessment software, and machine learning algorithms enhance the learning experience. Public policies, accreditation, and curriculum standards ensure the quality of virtual schools. Virtual schools cater to various sectors, including secondary education, adult education, and corporate training. The use of AR and VR, artificial intelligence, and gamification in education is on the rise, and engaging learning experiences. Non-profit educational management organizations (EMOs) and for-profit EMOs offer hybrid virtual programs, catering to socioeconomic factors and competitive exams. The 5G network is set to revolutionize online education further, offering faster and more reliable connectivity.

Table of Contents:

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

TypeFor-profit EMONon-profit EMOApplicationElementary SchoolsMiddle SchoolsHigh SchoolsAdult EducationGeographyNorth 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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DBS NAMED SAFEST BANK IN ASIA FOR THE 16TH CONSECUTIVE YEAR BY GLOBAL FINANCE

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DBS ranked 2nd on the 50 Safest Commercial Banks list for the third consecutive year

SINGAPORE, Oct. 18, 2024 /PRNewswire/ — DBS Bank today announced that it has been named “Safest Bank in Asia” by New York-based trade publication Global Finance. This is the 16th consecutive year that DBS has been recognised with this accolade, extending a track record dating back to 2009. The bank also maintained its 2nd position in the ‘World’s 50 Safest Commercial Banks’ list and ranked 12th in the ‘World’s 50 Safest Banks’ list, holding both positions for the 3rd consecutive year.

The Global Finance annual rankings of the World’s Safest Banks have been the recognised and trusted standard of financial counterparty safety for more than three decades. Winners were selected through an evaluation of long-term foreign currency ratings—from Moody’s, Standard & Poor’s and Fitch—of the 500 largest banks worldwide.

Joseph D. Giarraputo, Global Finance founder and editorial director, said, “Amid ongoing economic volatility and increasing scrutiny of digital currencies, financial institutions must contend with an ever-growing number of risks. DBS continues to be resilient in its risk management across their network and a bedrock of banking services for its clients in Asia.”

Said Chng Sok Hui, Chief Financial Officer of DBS Bank, “It is an honour to be recognised by Global Finance as Safest Bank in Asia yet again. In a world marked by increasing geopolitical and economic uncertainties, DBS’ resilient franchise and strong credit ratings – underpinned by a solid balance sheet, robust controls and sound risk management practices – instils confidence from our stakeholders. This accolade is a testament to our financial strength, upon which we continue to fortify our role as a trusted partner to our customers and the community.”

DBS has received global recognition from several prestigious financial publications, having been named “World’s Best Bank” multiple times by Euromoney, Global Finance and The Banker, and “World’s Best Bank for Corporate Responsibility” and “World’s Best Digital Bank” by Euromoney. Additionally, DBS has been featured in numerous case studies, with the latest by Harvard Business School, published in 2024, accessible here.

About DBS

DBS is a leading financial services group in Asia with a presence in 19 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Global Finance, “World’s Best Bank” by Euromoney and “Global Bank of the Year” by The Banker. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia award by Global Finance for 16 consecutive years from 2009 to 2024.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets.

DBS is committed to building lasting relationships with customers, as it banks the Asian way. Through the DBS Foundation, the bank creates impact beyond banking by supporting businesses for impact: enterprises with a double bottom-line of profit and social and/or environmental impact. DBS Foundation also gives back to society in various ways, including equipping underserved communities with future-ready skills and helping them to build food resilience.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.

View original content:https://www.prnewswire.com/in/news-releases/dbs-named-safest-bank-in-asia-for-the-16th-consecutive-year-by-global-finance-302280022.html

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LITEON Debuts Integrated AI Cloud Server Rack Solutions Powered by NVIDIA at 2024 OCP Summit

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Pioneering Green Data Centers with Five Key Technologies: Power Supplies, Liquid Cooling, Racks, Software, and Systems

AI. Revolutionized. Green Resilience.

SAN JOSE, Calif., Oct. 17, 2024 /PRNewswire/ — LITEON Technology (2301.tw) is participating in the 2024 OCP Global Summit ( Open Compute Project ) in San Jose, USA, from October 15 to 17. Under the theme “AI. Revolutionized. Green Resilience,” LITEON will debut its new “Integrated AI cloud server rack solution.” This solution combines LITEON’s five key technologies: high-performance power supplies compliant with ORV3 standards, comprehensive liquid cooling systems, integrated mechanical design, intelligent power management software, and hardware-software system integration. Additionally, LITEON will showcase power supplies, racks, and liquid cooling systems compatible with NVIDIA architectures at the event. These include support for the NVIDIA GB200 NVL72 platform with a high-efficiency power system and NVIDIA MGX™ with modular system design racks, as well as liquid-to-liquid and liquid-to-air cooling solutions from LITEON. These innovations aim to enhance high-performance computing capabilities, efficient energy management, and cooling performance in data centers during the AI era, helping customers achieve low-carbon green data center energy management goals and creating comprehensive high-end AI computing system solutions.

Anson Chiu, the president of LITEON, states: “The AI-driven era has already transformed lifestyles and industries. Leveraging our deep technical expertise in high-end cloud server power supplies, LITEON integrates five key core capabilities: power, cooling, racks, software, and systems. This showcases LITEON’s comprehensive autonomous design and development technology. We continue to create sustainable and high-performance integrated server rack solutions, helping our customers achieve sustainable operations in green data centers, and pioneering a revolutionary new landscape in the AI field.”

“LITEON COOLING,” LITEON’s comprehensive liquid cooling solution, brings revolutionary changes to the cooling systems of green data centers, meeting the high-performance AI computing needs of data centers. At this event, LITEON showcases five liquid cooling series products. These include a fanless design 5600W Cold Plate Power Supply Unit with titanium-level efficiency, a liquid-to-liquid multi-intelligent in-row CDU 600kW,, liquid-to-liquid 120kW in-rack CDU compatible with the NVIDIA GB200 NVL72 platform, and liquid-to-air 140kW sidecar with the highest heat exchange efficiency, also compatible with the NVIDIA GB200 NVL72 architecture. These solutions offer flexible combinations for customers to meet various field and application needs, overcoming the limitations of traditional air cooling, significantly improving cooling efficiency, and enabling data centers to maintain high-performance workloads while reducing energy and carbon footprint consumption, creating more environmentally friendly green resilient data centers.

At this OCP exhibition, LITEON also showcases integrated cabinet power systems and solutions. These provide 97.5% high-density power conversion efficiency to meet the high-performance computing applications of AI servers. Additionally, LITEON’s self-developed intelligent power management system (PMC) offers customers digital management and remote real-time monitoring to assist decision-making, along with a robust power backup system featuring high-efficiency lithium battery backup power (BBU). Supported by intelligent power management software, it visualizes energy consumption patterns to ensure data center reliability.

LITEON integrates the advantages of five core energy management technologies, combining mechanical design, power system solutions, thermal management technology, and hardware-software integration capabilities. Paired with revolutionary server liquid cooling solutions, the integrated server rack design provides customers with rapid deployment in data center applications, committing to the advanced development of green resilient data centers.

For more information about LITEON’s power and liquid cooling solutions of green data center, please visit : https://www.liteon.com/en/solutions/green-data-center

LITEON’s Booth of OCP 2024 Information :

Date: October 15 – 17, 2024Location: San Jose McEnery Convention CenterBooth No.: C17-18Contact: Simon.Ong@liteon.com

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SOURCE LITEON Technology

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Taobao Malaysia Kicks Off 11.11 Sale, First Time in Both Chinese and English

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Exciting early-bird perks await new and existing Malaysian users

KUALA LUMPUR, Malaysia, Oct. 18, 2024 /PRNewswire/ — The highly-anticipated Taobao 11.11 Sale (“11.11”) is back, set to be bigger and more inclusive for Malaysian consumers. With the theme “Shop As Far As You Can Think,” this year’s festival promises attractive offers and an unparalleled shopping experience made even more accessible through Taobao’s beta English Interface, introduced in September to complement the Chinese version.

Starting from 21 October, 8pm, Malaysian shoppers can indulge in a month-long celebration of exciting promotions, enticing instant discounts and chances to grab daily free shipping vouchers worth RM21, discovering exceptional bargains on a wide range of products across participating brands and merchants, from home essentials and fashion items to electronics accessories and more.  

Jess Lew, Country Manager for Tmall Taobao World, Malaysia, said, “We are thrilled to bring Taobao’s 11.11 Sale back to Malaysian consumers and enhance it to be bigger and better than ever. Our commitment is to create a shopping experience that is not only enjoyable but also tailored to the unique needs of local shoppers. With the beta English Interface now available, it has never been easier for everyone in Malaysia to immerse themselves in the excitement of this global shopping festival and discover all that Taobao has to offer.”

The festival kicks off with an early first sales window, running from 20:00:00 on 21 October to 23:59:59 on 24 October 2024, allowing shoppers ample time to check out their shopping cart items to enjoy early-bird 11.11 savings and early arrivals. The second phase will then follow, starting from 20:00:00 on 31 October and running until 23:59:59 on 11 November, where consumers enjoy extended promotional offers to secure their ideal products for the upcoming Christmas and Chinese New Year seasons.

Malaysia was one of the only two markets, alongside Singapore, where Taobao has rolled out a beta English Interface. Featuring artificial intelligence (AI)-powered translations, the new interface aims to bridge language barriers and provide non-Chinese-speaking Malaysian users with the opportunity to enjoy the platform’s diverse offerings in a seamless, user-friendly experience.

“We hope more Malaysian users will leverage this opportunity to shop for anything that comes to mind during this 11.11. Coupled with free shipping, shoppers can have their parcels delivered to their doorsteps in as fast as one week with our robust end-to-end logistics infrastructure,” added Lew.

To mark this year’s 11.11, Taobao Malaysia has curated a series of attractive promotions designed to give Malaysian consumers more ways to save:

Everyday Free Shipping: Stand a chance to grab free shipping vouchers daily at 10am worth RMB35 (equivalent to RM21) throughout the 11.11 period with no minimum spend.Buy More, Save More: Get a platform-wide discount of RMB50 for every RMB300 spent (equivalent to RM29 off for every RM170 spent).Surprise Instant Discounts: Check out daily at 8pm from 21 to 24 October to unlock an instant discount of up to RM300.Daily Promo Codes: Stand a chance to snag promo codes worth up to RMB111 (equivalent to RM66), released daily at 9pm on Taobao Malaysia’s Facebook and Instagram.New User Perks: New Taobao app users can claim exclusive benefits worth up to RM90, including:3 x Free shipping vouchers worth RMB105 (equivalent to RM65) in totalRMB30 off with a minimum spend of RMB31 (equivalent to RM18 off with a minimum spend of RM19)Service fee waiver of up to RMB15 (equivalent to RM10)Free return on first order (for West Malaysia only)

Additionally, Taobao Malaysia users making purchases with one of the following credit cards provided by third-party financial institutions can enjoy an instant discount of up to RM80 during the selected promotional periods:

31 October to 3 November; 10 to 11 November, 8PMCIMB: RM25 off with a minimum spend of RM180RHB: RM38 off with a minimum spend of RM250 OR RM50 off with a minimum spend of RM500PBB: RM30 off with a minimum spend of RM300 OR RM80 off with a minimum spend of RM600

Only on 31 October, 10AMRHB: RM25 off with a minimum spend of RM250

Only on 8 November, 10AMPBB: RM20 off with a minimum spend of RM200

The Taobao app is available to download for FREE on both the Apple App Store and Google Play Store. For more details on Taobao Malaysia’s 11.11 promotions, please stay tuned for updates on the Taobao Malaysia Facebook, Instagram and TikTok social media channels or visit the Taobao app.

* The platform rules will prevail over the specific promotion details.

About Taobao Malaysia
Taobao Malaysia aims to facilitate convenient shopping on Taobao and Tmall for consumers in Malaysia. Through the Taobao app, Malaysian shoppers can access billions of products, complete with logistics, payment and other services and offers tailored to their individual market needs. Taobao Malaysia is part of Alibaba International Digital Commerce Group.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/taobao-malaysia-kicks-off-11-11-sale-first-time-in-both-chinese-and-english-302280001.html

SOURCE Taobao Malaysia

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