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Countdown to COP29: Accelerating Action Together to Fulfill the UAE Consensus Promise

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ABU DHABI, UAE, Sept. 30, 2024 /PRNewswire/ — In less than 50 days, world leaders will convene at COP29 to deliver a reinvigorated vision to accelerate climate action. Over the past week, leaders from the UAE have been in the US for high-level engagements, from the White House in Washington to the United Nations in New York, discussing advancements across climate finance, the UAE Consensus and global commitment to keep 1.5°c with reach, clean energy, green technology, nature and biodiversity, transforming food systems, and water resiliency. This lays the groundwork for the COP29 in Baku, which will present a vital opportunity to enhance collective ambitions, elevate more voices, and enable a new era of climate action, building global resilience for all.

At COP28 in Dubai, the UAE galvanized 198 Parties to deliver the historic UAE Consensus and pledged to keep 1.5°c within reach, accelerating a new era of ambitious climate action. Demonstrating the success of multilateralism and inclusion, the UAE Consensus set the world on a clear path, establishing ambitious targets to enable the world to reach Net Zero by 2050 as well as triple renewables and double energy efficiency by 2030. It also included commitments to end deforestation by the end of this decade, and significant firsts for climate finance, with the fund for loss and damage announced on the first day of COP28. This fund will help some of the most climate exposed nations respond to the impacts of climate change, recognizing the role of credit rating agencies for the first time, and scaling-up adaptation finance to meet evolving demands faced by climate-vulnerable communities.     

COP28 set about the delivery of a new era in climate action, encouraging voices from across industries, sectors, youth and communities to engage in open conversation to seek new solutions to co-create climate resilience. To ensure continuity, action, and sustained multilateral cooperation, the COP Presidencies Troika also emerged out of COP28, mandating the UAE in conjunction with Azerbaijan and Brazil, as the presidents of COP29 and COP30, to lock in continuity and drive climate action. This ‘Roadmap to Mission 1.5°c’ will transform the UAE Consensus from agreement into tangible, sustained action and bring accountability to the next round of Nationally Determined Contributions (NDCs), due by February 2025.

His Excellency Abdulla Al Balalaa, Assistant Minister for Energy and Sustainable Affairs at the UAE Ministry of Foreign Affairs, said: “The COP28 ambition looked to revitalize a global approach on climate change priorities. From the UAE Consensus to the Action Agenda, we wanted to bring diverse voices globally to the table and spearhead a new, more inclusive model for how we convene on climate. Together, this defines the challenge as an opportunity to reimagine how we can unite to build global resilience, future-proof our communities, and safeguard our planet for future generations. COP29 is an exciting milestone to continue accelerating action together and co-creating climate resilience, bridging global priorities and capabilities and ensuring that our multilateral partnerships translate into impactful, equitable outcomes.”    

Through the COP28 Presidency’s Action Agenda, climate action has been catalyzed across the pillars of: fast tracking a just and orderly energy transition; fixing climate finance to make it more available, affordable, and accessible; focusing on people, nature, lives and livelihoods; and fostering full inclusivity in climate action. COP28 also saw the swift adoption of the fund for loss and damage hosted by the World Bank with 19 countries, committing approximately $800 million pledged to date, including $100 million from the UAE, as well as the UAE’s creation of ALTÉRRA, a $30-billion private investment vehicle to catalyze climate finance in developing economies. All these efforts led to the mobilization of an unparalleled $85.1 billion for climate action and the launch of 11 pledges and declarations, elevating multilateral climate change mitigation and adaptation commitments to new heights.

Meeting with H.H. President Mohamed bin Zayed al Nahyan of the United Arab Emirates at the White House in Washington last week, US President Biden described the UAE as ‘a nation of trailblazers, always looking to the future,’ President Biden referred to the nations’ joint efforts: ‘growing cooperation in AI, in clean energy, in space, and investing in infrastructure to connect regions…shoulder to shoulder in the same most difficult places.’

The UAE plans to invest more than US$163 billion in clean and renewable energy over the next several years to achieve net-zero emissions by 2050, pledging to triple the production capacity of renewable energy by 2030. The National Food Security Strategy 2051 aims to develop a comprehensive national system to enable sustainable food production through modern technology. In partnership with the US, the UAE has also launched the global initiative Agriculture Innovation Mission for Climate (AIM for Climate/AIM4C) and committed to investing $16 billion in climate-smart agriculture and food systems to improve agriculture and food security. The initiative has garnered the support of more than 600 state and non-state actors and partners, bringing in more than $17 billion in investments.

His Excellency Abdulla Al Balalaa concluded: “As the international community turns to COP29, taking stock of the progress we have achieved against these targets – and the gaps that still need to be addressed – will be essential for the discussions this year. The UAE Consensus must continue to act as our guiding North Star, serving as an overarching framework to deliver on our collective ambition for transformative climate action, and building a more just and equitable future for all.”

For more information, please contact: media@uaeclimate.com 

Accelerating Action Together

The UAE invites all to the collective ambition of a new era of climate action.Building upon our ambitious Net Zero 2050 commitments, global collaborations at COP28, and the UAE Consensus, we accelerate action together to keep 1.5°c within reach to build global resilience and safeguard a more optimistic future for lives, livelihoods, and planet.Guided by the wisdom and values of those who came before, the UAE is a nation working together to build a climate-resilient economy and safeguard a more just and equitable future for our grandchildren’s children.Learn more at www.uaeclimate.com @UAEClimate (FB, IG, LinkedIn) and @UAE_Climate (X) #AcceleratingActionTogether.

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Micro Programmable Logic Controller (PLC) Market to Grow by USD 2.37 Billion from 2024-2028, Driven by Demand for Compact Automation and AI Trends

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NEW YORK, Sept. 30, 2024 /PRNewswire/ — Report on how AI is redefining market landscape- The global micro programmable logic controller (PLC) market size is estimated to grow by USD 2.37 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 7.08%  during the forecast period. Increasing demand for compact automation solutions is driving market growth, with a trend towards expanding capabilities of micro PLCs  However, growing cybersecurity concerns  poses a challenge. Key market players include ABB Ltd., Advantech Co. Ltd., Beckhoff Automation, Beijer Electronics Group AB, Eaton Corp. Plc, Festo SE and Co. KG, Fuji Electric Co. Ltd., Hitachi Ltd., Honeywell International Inc., IDEC Corp., Lenze SE, Mitsubishi Electric Corp., OMRON Corp., Parker Hannifin Corp., Robert Bosch Stiftung GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Toshiba Corp., and Yaskawa Electric Corp..

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Micro Programmable Logic Controller (Plc) Market Scope

Report Coverage

Details

Base year

2023

Historic period

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 7.08%

Market growth 2024-2028

USD 2371.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

6.49

Regional analysis

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

Performing market contribution

APAC at 38%

Key countries

US, China, Japan, Germany, and UK

Key companies profiled

ABB Ltd., Advantech Co. Ltd., Beckhoff Automation, Beijer Electronics Group AB, Eaton Corp. Plc, Festo SE and Co. KG, Fuji Electric Co. Ltd., Hitachi Ltd., Honeywell International Inc., IDEC Corp., Lenze SE, Mitsubishi Electric Corp., OMRON Corp., Parker Hannifin Corp., Robert Bosch Stiftung GmbH, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Toshiba Corp., and Yaskawa Electric Corp.

Market Driver

Micro Programmable Logic Controllers (PLCs) have gained significant traction in process and discrete industries due to their flexibility, ease of use, communication capabilities, and cost-effectiveness compared to traditional PLCs. Initially designed for controlling small machinery with basic serial communication, micro PLCs have evolved with technological advances to manage large machines and support multiple communication protocols. Vendors have expanded micro PLC offerings with high-speed communication capabilities, larger program memory, and additional features to enhance their functionality. These developments position micro PLCs as a cost-effective option for various process control applications, including data logging, in both process and discrete industries. The market for micro PLCs is expected to grow substantially due to these product enhancements and the increasing demand for compact, efficient, and affordable automation solutions. 

The Programmable Logic Controller (PLC) market is thriving, with key trends including Micro PLC and Nano PLC for miniaturization in various industries. Fixed, Modular PLCs cater to industrial purposes in sectors like Oil & Gas, Power, and Steel. Programming tools, simulation, and motion control are essential for efficient operation. Redundancy software ensures reliability in Robotics and Assembly lines. Input devices, Human Machine Interface, and IIoT-connected devices enhance productivity. The Automotive, Technology, and Energy sectors leverage PLCs for Industrial Automation. Hardware, Services, and Software segments offer solutions for Industrial processes, AI, IoT, Edge computing, and Energy-efficient solutions. Building automation, HVAC systems, and lighting systems also benefit from PLC technology. The Offering segment continues to grow, driven by the demand for advanced PLCs in diverse industries. 

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Market Challenges

Micro Programmable Logic Controllers (PLCs) are essential components of automation solutions in various industries, enhancing productivity and efficiency. However, the increasing use of connected devices and web-based communication in industrial processes has heightened the risk of cyberattacks. Critical infrastructure sectors, such as oil and gas, power, and water and wastewater, are particularly vulnerable. Cybercriminals can exploit these networks to gain unauthorized access to sensitive data, leading to operational failures or data manipulation. The oil and gas industry, for instance, faces significant risks as data breaches can halt operations and result in financial or intellectual losses. Vendors offer defensive measures, such as anti-malware, to secure data. However, these solutions may not be foolproof. An attack on one system can compromise the entire network, potentially affecting multiple interlinked systems. Therefore, the growing cybersecurity threats pose a significant challenge to the growth of the global micro PLC market.The Micro Programmable Logic Controller (PLC) market is witnessing significant growth in various industries, including automotives, technology, steel, power, food and beverages, and oil & gas. Industrial automation is a key driver, with PLCs playing a crucial role in managing industrial processes. The automotive sector is adopting PLCs for engine control, transmission control, and fuel injection systems. In the technology sector, the integration of artificial intelligence and Internet of Things (IoT) is driving demand for PLCs in IoT-connected devices, edge computing, and energy-efficient solutions. The hardware segment, particularly miniaturized PLCs, is gaining popularity due to their compact size and energy efficiency. The offering segment includes services, software, and hardware, with software solutions providing human machine interface and programming capabilities. The power industry, building automation, home automation, and lighting, HVAC, and security systems are other major applications.

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Segment Overview

This micro programmable logic controller (plc) market report extensively covers market segmentation by

End-user 1.1 Automotive industry1.2 Oil and gas industry1.3 Power industry1.4 Food and beverage industry1.5 OthersProduct 2.1 Hardware2.2 Software2.3 ServicesGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Automotive industry-  The automotive industry is a significant market for micro programmable logic controllers (PLCs), as they facilitate the control of multiple machinery used in manufacturing processes. Micro PLCs serve as a crucial link between various manufacturing stages, including design, analysis, inventory management, and distribution. In the automotive sector, micro PLCs ensure precise control over manufacturing processes, optimizing process parameters and device functionality. Despite a decline in the automotive industry’s growth due to the COVID-19 pandemic and reduced capital expenditure (CAPEX) in 2020, the market for micro PLCs in this sector is poised for recovery. Technavio anticipates that the shift towards smart factories and increased investments, particularly in APAC countries like India, Indonesia, and Japan, will drive substantial growth in the micro PLC market for the automotive industry during the forecast period.

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Research Analysis

Micro Programmable Logic Controllers (PLCs), also known as Nano PLCs, are compact automation solutions designed for industrial purposes. These advanced devices offer functionality similar to traditional Fixed, Modular PLCs but in a smaller form factor. Micro PLCs are gaining popularity in various sectors including automotives, technology, steel, power, oil & gas, energy, and more. With the integration of Artificial Intelligence (AI) and Internet of Things (IoT), Micro PLCs have become smarter, enabling predictive maintenance and real-time data analysis. The hardware segment of the Micro PLC market is witnessing significant growth due to miniaturization and increasing demand for compact automation solutions. Industrial automation applications, Human Machine Interface (HMI) integration, and ease of programming are other key factors driving the market growth.

Market Research Overview

Micro Programmable Logic Controllers (PLCs), also known as Nano PLCs, are compact and cost-effective automation solutions for industrial applications. They offer the functionality of traditional Fixed, Modular PLCs in a smaller form factor, making them ideal for space-constrained environments. Micro PLCs are widely used in various sectors including Oil and Gas, Power, and Automotive, among others. They support programming tools, simulation, motion control, redundancy software, robotics, and various input devices. Industries like Steel, Power, Food and Beverages, and Energy rely on Micro PLCs for automating assembly lines, industrial robots, and various industrial processes. With the advent of technology, Micro PLCs are being integrated with Artificial Intelligence, Internet of Things (IoT), and Edge Computing to offer energy-efficient solutions and real-time monitoring capabilities. The market for Micro PLCs includes hardware, services, and software offerings, catering to the needs of diverse industries. Applications range from HVAC systems, lighting systems, security systems, engine control, transmission control, fuel injection, and more. The Miniaturization trend in PLCs is leading to the development of IoT-connected devices and IIoT solutions, further expanding their application base.

Table of Contents:

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

End-userAutomotive IndustryOil And Gas IndustryPower IndustryFood And Beverage IndustryOthersProductHardwareSoftwareServicesGeographyAPACNorth AmericaEuropeSouth 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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PCI Express Market to Grow by USD 53.74 Billion from 2024-2028, Driven by PCIE Integration with IEEE 1394 (FireWire) and AI’s Role in Market Transformation – Technavio

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NEW YORK, Sept. 30, 2024 /PRNewswire/ — Report with the AI impact on market trends – The Global PCI Express Market  size is estimated to grow by USD 53.74 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 28.22%  during the forecast period.  Integration of PCIE with IEEE 1394 (firewire) is driving market growth, with a trend towards continuous technological upgradation. However, failure to manage inventory during changing customer demand  poses a challenge – Key market players include Advanced Micro Devices Inc., Advantech Co. Ltd., Anritsu Corp., Axiomtek Co. Ltd., Broadcom Inc., Diodes Inc., Hilscher Gesellschaft fur Systemautomation mbH, Intel Corp., Kingston Technology Co. Inc., Microchip Technology Inc., NXP Semiconductors N.V., One Stop Systems Inc., Rambus Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd., Samtec Inc., Silicon Motion Technology Corp., Teledyne Technologies Inc., Texas Instruments Inc., and Western Digital Corp..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Storage, Data center, and Others), End-user (Telecom, Infrastructure, Residential, Industrial, and Others), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)

Region Covered

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

Key companies profiled

Advanced Micro Devices Inc., Advantech Co. Ltd., Anritsu Corp., Axiomtek Co. Ltd., Broadcom Inc., Diodes Inc., Hilscher Gesellschaft fur Systemautomation mbH, Intel Corp., Kingston Technology Co. Inc., Microchip Technology Inc., NXP Semiconductors N.V., One Stop Systems Inc., Rambus Inc., Renesas Electronics Corp., Samsung Electronics Co. Ltd., Samtec Inc., Silicon Motion Technology Corp., Teledyne Technologies Inc., Texas Instruments Inc., and Western Digital Corp.

Key Market Trends Fueling Growth

The PCI Express (PCIE) market is experiencing growth due to increasing enterprise demand for PCIE solutions. Vendors are upgrading their offerings to meet this demand and keep up with technological advances. PCIE 3.0 was the standard for a long time, but with the launch of PCIE 4.0, PCI-SIG announced PCIE 5.0, which will offer 32 GT/s bandwidth speed, surpassing industry needs. Continuous technological upgrades will support enterprises in meeting customer demands for high-speed data transfer, leading to market growth. 

PCI Express market is thriving with enterprises adopting high-performance peripherals for business growth. The latest Generation models of PCI Express support advanced technologies like Artificial Intelligence and Machine Learning, aiding data center modernization and infrastructure flexibility. IT cost optimization is a key driver, enabling enterprises to reduce costs by enhancing team performance with an agile IT infrastructure. SSD technology and sophisticated algorithms boost efficiency, while cloud services offerings, networking, and automation technologies enhance application performance. Underutilization and overprovisioning are addressed with agile approaches, and SONET/SDH technology, Ethernet switches, and 10Gigabit Ethernet enable seamless communication. Miniaturization and the integration of PCI Express into networking hardware, storage devices, and network interface cards facilitate data traffic management. PCI Express also powers innovative applications like ADAS systems, Infotainment systems, and 5G technology, making it a must-have for businesses seeking to stay competitive. 

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Market Challenges

In the PCI Express market, vendors sell their products to businesses based on purchase orders. Enterprises can delay shipments without penalty due to technological advances, leading to potential inventory issues. Excess inventory can negatively impact profitability and result in inventory write-downs. This risk is amplified when vendors sell through distributors, as demand forecasts rely on multiple estimates. Additionally, businesses may cancel orders with short notice, increasing customer concentration risk. Continuous technological changes can cause market fluctuations, potentially resulting in overcapacity and price reductions to clear stock. These factors could impact the revenue growth of the global PCI Express market during the forecast period.PCI Express (PCIe) is a high-performance interconnect technology used in modern computing systems for connecting high-speed peripherals. With the continuous advancement of technologies like artificial intelligence (AI) and machine learning (ML), enterprises require faster and more efficient data transfer. PCIE’s various generation models cater to these needs. Data center modernization is a key focus for businesses aiming for IT cost optimization and infrastructure flexibility. PCIe’s agile approaches, such as SSD technology and sophisticated algorithms, reduce costs by minimizing underutilization and overprovisioning. Advanced technologies like AI, ML, and cloud services offerings are driving the demand for PCIe in data centers. Communication applications, networking hardware, Ethernet switches, and 5G technology also benefit from PCIe’s high-speed capabilities. In industries like automotive and infotainment, PCIe’s miniaturization and integration with advanced technologies like ADAS systems enhance team performance and application performance. Graphic cards, storage devices, and network interface cards are essential PCIe components in various industries. Data traffic and networking are other areas where PCIe plays a significant role, with 10Gigabit Ethernet and SONET/SDH technology relying on PCIe for seamless communication. PCIe’s role in IT infrastructure is crucial for business growth, enabling agile IT infrastructure and application performance.

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Segment Overview 

This pci express market report extensively covers market segmentation by

Application 1.1 Storage1.2 Data center1.3 OthersEnd-user 2.1 Telecom2.2 Infrastructure2.3 Residential2.4 Industrial2.5 OthersGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Storage-  In the storage industry, enterprises are facing performance issues with traditional hard disk drives (HDDs) due to latency. To address this, enterprises have started adopting solid-state drives (SSDs) for their non-volatile memory needs. While HDDs still dominate the market due to their lower cost, the price gap between HDDs and SSDs is closing rapidly. PCIe SSDs offer significant benefits, including higher performance and lower latency, making them ideal for caching and buffering applications. PCIe was already widely used in storage subsystems and enterprise processors, and the adoption of PCIe interfaces in SSD controllers has further improved system performance. PCI-SIG’s extension of the PCIe specification with features like enhanced downstream port containment (eDPC) and DPC will enable more storage systems, leading to increased adoption of PCIe solutions in storage. This, in turn, will drive the growth of the global PCI express market during the forecast period.

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Research Analysis

PCI Express (PCIe) is a high-speed bus standard for connecting various components inside a computer or in data centers. It has revolutionized the way communication applications are handled, enabling miniaturization of Ethernet switches, SONET/SDH technology, and other networking hardware. PCIe supports advanced technologies like 10Gigabit Ethernet, 5G technology, and high-performance peripherals such as graphic cards and storage devices. With the rise of cloud-based services, PCIe plays a crucial role in data traffic management and infrastructure flexibility. It also caters to emerging applications like ADAS systems, infotainment systems, artificial intelligence, and machine learning in automotive and consumer electronics. PCIe’s evolution includes multiple generation models, ensuring continuous improvement and optimization of IT costs.

Market Research Overview

The PCI Express market is experiencing significant growth due to the increasing demand for high-speed data transfer in various industries, particularly in data centers. Communication applications, miniaturization, and advanced technologies such as Ethernet switches, SONET/SDH technology, and 10Gigabit Ethernet are driving the market forward. PCI Express is essential for networking hardware like Ethernet switches, enabling high-speed data transfer between components. The market is also being fueled by the rise of cloud-based services, graphic cards, storage devices, and network interface cards. Data traffic from ADAS systems, infotainment systems, and 5G technology is also contributing to the growth of the PCI Express market. The market is evolving with each new generation model, incorporating advanced technologies like artificial intelligence and machine learning to optimize IT cost, enhance team performance, and ensure infrastructure flexibility. Data center modernization and infrastructure flexibility are key priorities for enterprises seeking business growth, reduce costs, and application performance. Automation technologies, SSD technology, and cloud services offerings are also playing a crucial role in the market’s development. Underutilization and overprovisioning are being addressed through agile approaches, leading to increased efficiency in the PCI Express market.

Table of Contents:

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

ApplicationStorageData CenterOthersEnd-userTelecomInfrastructureResidentialIndustrialOthersGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

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..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View your snapshot now

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.

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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

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