Technology
E-Learning Market in Europe expected to expand by USD 79.4 billion from 2024-2028, driven by AI’s impact on proficiency assessments and certifications – Technavio
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3 months agoon
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NEW YORK, Oct. 14, 2024 /PRNewswire/ — Report on how AI is redefining market landscape – The E-Learning Market in Europe size is estimated to grow by USD 79.4 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 19.96% during the forecast period. Availability of subject proficiency assessments and certifications is driving market growth, with a trend towards rising adoption of content gamification in digital education. However, high development costs associated with e-learning courses poses a challenge – Key market players include Adobe Inc., Articulate Inc., Cegos Group, Cengage Learning Inc., Cisco Systems Inc., City and Guilds Group, D2L Inc., Docebo Inc., Hive Learning Ltd., Hubken Group Ltd., Instructure Holdings Inc., John Wiley and Sons Inc., Learning Technologies Group Plc, Mind Gym Plc, MPS Ltd., NIIT Ltd., Pearson Plc, Sanako, Simplilearn, and Skillsoft Corp..
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E-Learning Market In Europe Scope
Report Coverage
Details
Base year
2023
Historic period
2018 – 2022
Forecast period
2024-2028
Growth momentum & CAGR
Accelerate at a CAGR of 19.96%
Market growth 2024-2028
USD 79.4 billion
Market structure
Fragmented
YoY growth 2022-2023 (%)
16.45
Regional analysis
Europe
Performing market contribution
Europe at 100%
Key countries
UK, Germany, and Rest of Europe
Key companies profiled
Adobe Inc., Articulate Global Inc., Cegos Group, Cengage Learning Inc., Cisco Systems Inc., City and Guilds Group, D2L Inc., Docebo Inc., Hive Learning Ltd., Hubken Group Ltd., Instructure Holdings Inc., John Wiley and Sons Inc., Learning Technologies Group Plc, Mind Gym Plc, MPS Ltd., NIIT Ltd., Pearson Plc, Sanako, Simplilearn, and Skillsoft Corp.
Market Driver
The European E-learning market is witnessing significant growth due to the increasing trend of personalized learning and the proliferation of mobile devices. With the adoption of Bring Your Own Device (BYOD) initiatives in educational institutions, students are increasingly engaging in mobile-based learning. Mobile learning apps have gained popularity due to their convenience, affordability, and interactive nature. Vendors like MPS Ltd., based in India, offer mobile app-based E-learning solutions for various disciplines and test preparations. The adoption of mobile learning apps has encouraged other vendors to optimize their products for mobile accessibility. Gamification of content, which involves using multimedia tools and interactive quizzes and games, is a popular trend in mobile learning. This approach enhances learner engagement, promotes collaborative learning, and provides instant feedback. The cost-effectiveness of mobile apps compared to full-scale learning platforms makes them an attractive option for academic institutions. Overall, the gamification of content and the growing popularity of mobile learning apps are key drivers of the European E-learning market.
The European E-Learning market is experiencing significant growth, with a focus on network-enabled transfer of skills and knowledge through electronic resources. Learning systems, including Online E-Learning, Virtual Classroom, and Mobile E-Learning, are trending. LMS and Rapid E-Learning are popular for academic and corporate sectors, providing customized solutions for English language learners, students with disabilities, and the corporate sector for talent retention. Service and content providers offer interactive content for childhood education, K-12 education, and smart education initiatives. Digitalization drives the demand for digital transformation in education and training. M-learning, IoT devices, and Micro-credentials are key trends. However, challenges include infrastructure restraints, quality concerns, and technical issues. LinkedIn Corporation and other online learning platforms are addressing these challenges, offering personalized learning solutions and job placement skills.
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Market Challenges
The cost of developing E-learning courses in Europe varies based on the instructional design model and target learner group. For instance, courses for children include basic words and video graphics, while those for higher education levels feature more lectures and tutor conversations. The development process involves SMEs, instructional design team, project management team, and technical staff specialists, each contributing significantly to the costs. The consultation stage with SMEs costs over USD3,000, designing lecture and visual content costs around USD7,000, and practical assessments development costs approximately USD1,000, totaling approximately USD11,000. The production of online course content for an hour costs around USD18,000, and regular updates increase investments over time. These high development costs may delay the break-even point for new entrants in the European E-learning market, potentially slowing its growth during the forecast period.The European e-learning market is experiencing significant growth, driven by the need for flexible learning solutions for English language learnners and students with disabilities. M-learning and corporate sector training are key areas of focus, with talent retention and skill enhancement campaigns top priorities. School closures due to the pandemic have accelerated digitalization, leading to increased use of online learning platforms in education and training. Customized learning solutions, interactive content, and personalized learning are in demand. However, challenges include the digital divide, infrastructure restraints, quality concerns, technical issues, and regulatory issues. Innovations like micro-credentials, artificial intelligence, blended learning, and gamification are addressing these challenges. Companies like LinkedIn Corporation are leading the way in corporate training. Education institutions are embracing digital transformation, using cloud computing, IoT devices, and Learning Management Systems to enhance job placement skills. Flexible learning formats and accessibility are essential for all ages, from childhood education to K-12 and smart education initiatives. Despite resistance to change, the future of education and training is clearly digital.
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Segment Overview
This e-learning market in Europe report extensively covers market segmentation by
Product 1.1 Packaged content1.2 SolutionsApplication 2.1 Higher education2.2 Corporate2.3 K-12Geography 3.1 Europe
1.1 Packaged content- The European E-Learning market has seen a significant increase in the adoption of packaged digital educational content, including e-books, videos, and simulations. Institutions and corporations are shifting towards technology-aided learning to meet industry demands. EU policies and programs promoting digital learning have fueled this trend. Packaged content offers cost benefits and wider access to learning materials. Vendors like Pearson, Adobe, and Cengage provide customized content and solutions. However, the rise of in-house E-learning content poses a challenge, as some institutions develop and distribute their own materials. This has led to an increase in personalized learning and distance education initiatives. Renowned institutions like the University of Oxford offer packaged content in the form of e-textbooks and audio-visual presentations. The packaged content segment is projected to grow more slowly than the solutions segment during the forecast period.
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Research Analysis
The European E-Learning market is experiencing significant growth as education and training institutions, as well as businesses, embrace digital transformation. Electronic resources and network-enabled transfer of skills and knowledge have become essential for delivering education and training in various sectors. Online E-Learning platforms have become a popular choice for education delivery, with Mobile E-Learning and Rapid E-Learning providing added flexibility. Virtual Classroom technology enables real-time interaction between students and instructors. Service Providers and Content Providers offer customized solutions to meet the unique needs of Academic, Corporate, and K-12 institutions. Interactive content, IoT devices, and Smart Education initiatives are driving innovation in the sector. The Digital Divide remains a challenge, but initiatives are underway to bridge the gap and ensure equal access to digital learning opportunities.
Market Research Overview
The European E-Learning market is experiencing significant growth as learning systems shift from traditional methods to network-enabled transfer of skills and knowledge. Electronic resources are becoming the norm for education delivery, with online E-Learning, Mobile E-Learning, Rapid E-Learning, and Virtual Classroom leading the charge. Service Providers and Content Providers cater to various sectors, including Academic and Corporate, to bridge the digital divide and provide access to technology for English language learners and students with disabilities. The Corporate sector is leveraging E-Learning for talent retention, while digitalization and skill enhancement campaigns drive demand in the Education and Training sector. Digital transformation is revolutionizing the way we learn, with Online learning platforms, Smart education initiatives, and IoT devices offering interactive content and personalized learning solutions. However, challenges such as accessibility, resistance to change, regulatory issues, content standardization, and technical issues persist. Innovations like Artificial Intelligence, Blended learning, Cloud computing, Micro-credentials, and Gamification are addressing these challenges and offering flexible learning formats and continuous learning opportunities.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
ProductPackaged ContentSolutionsApplicationHigher EducationCorporateK-12GeographyEurope
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download multimedia:https://www.prnewswire.com/news-releases/e-learning-market-in-europe-expected-to-expand-by-usd-79-4-billion-from-2024-2028–driven-by-ais-impact-on-proficiency-assessments-and-certifications—technavio-302274052.html
SOURCE Technavio
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Aurigo Expands Its Bangalore Facility, Advancing R&D and Innovation Efforts
Published
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January 21, 2025By
BENGALURU, India, Jan. 21, 2025 /PRNewswire/ — Aurigo Software, the leading provider of capital planning and construction management software for infrastructure and private owners, announced the opening of its new global research and development (R&D) center in Bangalore, India. This move marks a significant milestone as Aurigo transitions to a larger, state-of-the-art facility, consolidating its operations in the city to drive innovation and scale growth.
Aurigo’s presence in Bangalore and Mysore has allowed the company to tap into a vast talent pool of over 1.3 million professionals across India, advancing its engineering, technology, and business strategies. The newly established center is set to focus on developing software products, including artificial intelligence-based (AI) solutions that meet the evolving needs of the global infrastructure sector.
“The Bangalore campus is not just a space; it is a testament to how far we have come in the past 20 years,” said Balaji Sreenivasan, CEO and Founder of Aurigo Software. “This new facility will play a crucial role as we expand our product offerings, explore new markets, and develop innovative AI solutions that drive smarter, more efficient infrastructure development worldwide.”
The nearly 60,000-square-foot facility is designed to promote collaboration and employee well-being. It features advanced demo rooms, ergonomic workstations, a state-of-the-art training center, a well-equipped cafeteria, and dedicated wellness and recreational spaces. The amenities are designed to encourage creativity and improve productivity, aligning with Aurigo’s commitment to maintaining a supportive work environment.
“The launch of our global R&D center represents our investment in creating an environment where innovation thrives,” said Marisa Landez, Vice President of Human Resources at Aurigo Software. “The workspace helps support a hybrid-work model and empowers our teams to push boundaries and advance their careers while maintaining meaningful connections and healthy work-life integration.”
Aurigo’s ongoing investments in its Bangalore and Mysore hubs, combined with the recent hiring of engineering graduates from premier institutions, highlight its strategic focus on fostering talent and expanding capabilities. Additionally, the company’s involvement with local universities, charities, and the business community through initiatives like Aurigo Cares reflects its commitment to community engagement and development. Aurigo’s growing presence in India further supports its broader vision for excellence in infrastructure management.
About Aurigo Software
Aurigo builds software that helps build the world. Aurigo provides modern, cloud-based solutions for capital infrastructure and private owners to help plan with confidence, build with quality, and maintain their assets efficiently. With more than $300 billion of capital programs under management, Aurigo’s solutions are trusted by over 300 customers in transportation, water and utilities, healthcare, higher education, and government on over 40,000 projects across North America. Aurigo helps capital program executives make better decisions based on proprietary artificial intelligence and machine learning technology. Aurigo is a privately held U.S. corporation headquartered in Austin, Texas, with global offices in Canada and India. Learn more at www.aurigo.com.
View original content:https://www.prnewswire.com/in/news-releases/aurigo-expands-its-bangalore-facility-advancing-rd-and-innovation-efforts-302355276.html
Technology
Mechanical Connectors Market to Grow by USD 4.77 Billion (2024-2028), Driven by Increased Demand in Automotive Industry, AI Impact on Market Transformation – Technavio
Published
11 minutes agoon
January 21, 2025By
NEW YORK, Jan. 20, 2025 /PRNewswire/ — Report with the AI impact on market trends – The global mechanical connectors market size is estimated to grow by USD 4.77 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.6% during the forecast period. Increasing demand for mechanical connectors in automotive industry is driving market growth, with a trend towards product launches. However, fluctuating raw material prices of mechanical connectors poses a challenge. Key market players include 3M Co., ABB Ltd., Axis Electrical Components India Pvt. Ltd., Birkett Electric Ltd., Componect AG, Conex Metals, Connector Subsea Solutions, Conway, Electrofocus Electricals, HellermannTyton GmbH, Hirpara Metal Industries, Hubbell Inc., Nexans SA, NILED, NSI Industries LLC, Panduit Corp., Prysmian Spa, Raychem RPG Pvt. Ltd., STATS Group, TE Connectivity Ltd., and Tempo Communications Inc..
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Mechanical Connectors Market Scope
Report Coverage
Details
Base year
2023
Historic period
2018 – 2022
Forecast period
2024-2028
Growth momentum & CAGR
Accelerate at a CAGR of 5.6%
Market growth 2024-2028
USD 4.78 billion
Market structure
Fragmented
YoY growth 2022-2023 (%)
5.3
Regional analysis
APAC, North America, Europe, South America, and Middle East and Africa
Performing market contribution
APAC at 37%
Key countries
US, China, Japan, Germany, and UK
Key companies profiled
3M Co., ABB Ltd., Axis Electrical Components India Pvt. Ltd., Birkett Electric Ltd., Componect AG, Conex Metals, Connector Subsea Solutions, Conway, Electrofocus Electricals, HellermannTyton GmbH, Hirpara Metal Industries, Hubbell Inc., Nexans SA, NILED, NSI Industries LLC, Panduit Corp., Prysmian Spa, Raychem RPG Pvt. Ltd., STATS Group, TE Connectivity Ltd., and Tempo Communications Inc.
Market Driver
The Mechanical Connectors market is experiencing significant growth due to increasing trends in Fixed Broadband Connections and Higher Bandwidth requirements. Fiber Optic Connectors and Coaxial Cables are popular choices for high-speed data transfer in various sectors like Telecom, Military & Defense, Commercial, Civil, Oil & Gas, Energy & Power, Submarine Communication, Digital Data Storage, Automotive Sector, and Electric Vehicles. Industries like Infrastructure Development, Data Centre Investments, and High-Speed Data Transfer are driving the demand for Internal Cables & Connectors and External Cables & Connectors. Raw material prices, particularly Copper’s electrical conductivity, impact the market. Electronic systems and Electrical systems integration in sectors like Telecom, 5G technology, IoT technology, Automation technology, Autonomous vehicles, Aerospace and defense, and Urbanization require quick connectors and miniature connectors. PCB connectors are essential for electronic systems. Governmental policies, industrialization, and technological advancements in sectors like Telecommunications, Communication networks, and Signal transmission (power transmission) are fueling market growth. Raw material prices and technological innovations in High-Speed Connectors, Electric vehicles, and Copper are key challenges.
The Mechanical Connectors Market is witnessing significant growth as key players are implementing strategic initiatives to expand their product portfolios and capture larger market shares. Notable companies in this industry are focusing on new product launches to cater to diverse end-user needs. In February 2022, Nexans introduced a new mechanical power connector to their GPH cable connectors and cable lugs line for medium-voltage cables. Likewise, HellermannTyton launched cast resin cable joints in May 2022, featuring cable connectors and constant force springs with straight ends for effortless installation. These new offerings help companies enhance their product ranges and support the evolving requirements of their customers. The market encompasses both international and local players, creating a competitive landscape.
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Market Challenges
The Mechanical Connectors Market is experiencing significant growth due to the increasing demand for fixed broadband connections with higher bandwidth. Fiber optic connectors and coaxial cables are popular choices for high-speed data transfer in various industries. Internal cables and connectors are essential for electrical systems in commercial, civil, oil & gas, energy & power, and infrastructure development projects. External cables and connectors are crucial for military & defense, telecom sector, and digital data storage applications. Miniature connectors, PCB connectors, and quick connectors are in high demand for electronic systems integration in consumer electronics, automation technology, autonomous vehicles, and aerospace and defense. Raw material prices, especially copper’s electrical conductivity, impact the market’s growth. Urbanization and industrialization drive the need for high-speed connectors in telecommunications and communication networks. Governmental policies and 5G technology, IoT technology, and the automotive sector’s shift towards electric vehicles also contribute to the market’s growth.The cost of raw materials plays a significant role in the manufacturing and pricing of mechanical connectors. Aluminum, copper, and brass are primary materials used in this industry. Fluctuations in demand from various industries can impact the price of these raw materials. For instance, the price of aluminum reached record highs of USD3,820/t in March 2022, up from around USD3,340/t in February. International political scenarios can also cause supply and demand imbalances, leading to further price fluctuations. Producers must closely monitor raw material costs to maintain competitive pricing in the market.
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Segment Overview
This mechanical connectors market report extensively covers market segmentation by
Type 1.1 Aluminum1.2 Copper1.3 Brass1.4 OthersApplication 2.1 Automotive2.2 Industrial2.3 Aerospace and defense2.4 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 South America3.5 Middle East and AfricaProduct
1.1 Aluminum- Aluminum connectors are cylindrical components used for terminating electrical wires in machines and electrical equipment where vibration is a concern. These connectors are widely utilized in military, automotive, industrial, and medical equipment applications. Military connectors have sealing capabilities, with metal outer shells. Commercial-grade aluminum connectors are extensively used in industrial and automotive sectors. TE Connectivity Ltd. And 3M are notable vendors offering aluminum connectors, such as TE’s AMPLIMITE Ultra-Lite D-Subminiature connector and 3M’s metal D-SUB aluminum lightweight connector. The increasing demand for lightweight miniature connectors is driving market growth, making aluminum connectors a significant segment in the overall market, which is expected to fuel the market’s expansion during the forecast period.
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Research Analysis
The Mechanical Connectors Market is witnessing significant growth due to the increasing demand for fixed broadband connections with higher bandwidth. Fiber optic connectors and coaxial cables are the primary types of mechanical connectors, finding extensive applications in various industries. Internal cables & connectors and external cables & connectors are essential components in electrical and electronic systems, driving the market growth. The market is expanding in sectors like Military & Defense, Commercial, Civil, Oil & Gas, Energy & Power, Electronic systems, and Electrical systems, due to the need for reliable signal and power transmission. Urbanization, consumer electronics, automation technology, automotive segment, advanced safety features, autonomous vehicles, and the telecom sector are other significant end-users. Raw material prices and the emergence of 5G technology and IoT technology are key factors influencing the market dynamics. The market is expected to grow further due to the increasing demand for mechanical connectors in various applications, including telecommunications infrastructure, renewable energy, and automotive manufacturing.
Market Research Overview
The Mechanical Connectors Market encompasses a diverse range of products used to join various components in various industries. These connectors play a crucial role in signal transmission and power transmission in sectors such as Fixed Broadband Connections, Telecom, and Communication networks. With the increasing demand for Higher Bandwidth, Fiber Optic Connectors and Coaxial Cables are gaining popularity. Internal Cables & Connectors and External Cables & Connectors are essential in sectors like Military & Defense, Commercial, Civil, Oil & Gas, Energy & Power, Submarine Communication, Digital Data Storage, Automotive Sector, Electric Vehicles, Infrastructure Development, Data Centre Investments, and High-Speed Data Transfer. Raw material prices, particularly Copper’s electrical conductivity, significantly impact the market. The market also caters to various sectors like Electronic systems, Electrical systems, Signal transmission, Power transmission, Urbanization, Consumer electronics, Automation technology, Autonomous vehicles, Aerospace and defense, Telecom sector, 5G technology, IoT technology, Miniature connectors, PCB connectors, and Quick connectors. Industrialization and Governmental policies also influence the market trends.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
TypeAluminumCopperBrassOthersApplicationAutomotiveIndustrialAerospace And DefenseOthersGeographyAPACNorth AmericaEuropeSouth AmericaMiddle East And AfricaProduct
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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Mitrade, Asia’s Award-Winning CFD Trading Platform, Elevates Client Fund Protection with $1 Million Insurance
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11 minutes agoon
January 21, 2025By
BANGKOK, Jan. 21, 2025 /PRNewswire/ — As Asia’s retail trading market matures, the focus is shifting beyond regulatory compliance to a broader culture of trader protection and financial security. Mitrade, a Contract for Difference (CFD) trading platform, has introduced a million-dollar Excess of Loss Insurance Policy backed by Lloyd’s of London to strengthen its trader confidence.
This coverage provides an added layer of financial protection for Mitrade’s CFD trading community by safeguarding client money against the unlikely event of company insolvency. It goes beyond industry regulatory compliance requirements to raise the bar for trader care within the CFD trading space.
The announcement dovetails with Asia’s surge in retail CFD trading, reflecting growing interest in digital assets as part of broader financial market activity. Rapid growth highlights increasing demand for financial instruments like CFDs, which allow traders to access markets with lower capital without directly owning the underlying assets.
“Protecting trader interests today demands a more proactive approach,” said Kevin Lai, Vice President of Mitrade Group. “By providing this excess of loss policy at no cost for our user community, Mitrade addresses a critical need for enhanced capital protection that goes beyond what regulations typically require. In today’s complex trading environment, measures like these are essential for fostering trust and resilience in the broader financial landscape.”
The CFD broker operates under global regulatory authorities, including the Cayman Islands Monetary Authority (CIMA) and the Mauritius Financial Services Commission (FSC). The Excess of Loss Insurance, automatically provided to platform users, offers coverage of up to USD 1,000,000 in aggregate claims. It works alongside safeguards like the practice of segregated funds and mandatory professional indemnity insurance to strengthen client fund protection.
Mitrade’s commitment to empowering traders’ confidence and market transparency has earned recognition, including the Best Client Fund Security Global 2024 and Most Transparent Trading Platform 2024 awards.
About Mitrade
Mitrade is an award-winning CFD trading platform servicing clients globally through its various licenses: Australia’s ASIC, the Cayman Islands’ CIMA, Mauritius’s FSC, and Cyprus’s CySEC. Committed to democratising global market access, it connects users to over 700 financial assets, including indices, forex, commodities, ETFs, and shares. Powered by proprietary AI-driven technology, Mitrade offers fast execution, low spreads, and robust risk mitigation tools. Its multi-device compatibility gives users a seamless trading experience at every journey stage.
For more information on Mitrade, visit https://www.mitrade.com/.
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