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Coding Bootcamp Market to Grow by USD 2.8 Billion from 2024-2028, Driven by AI and Demand for Software Developers and IT Professionals

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NEW YORK, Oct. 14, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global coding bootcamp market  size is estimated to grow by USD 2.8 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  27.17%  during the forecast period.  Increasing need for software developers and it professionals is driving market growth, with a trend towards increasing ready-to-work coding bootcamps. However, increase in formal education  poses a challenge. Key market players include 4Geeks Academy LLC, Academia de Codigo, Barcelona Code School, Chegg Inc., Dataquest Labs Inc., Epicodus Inc., Flatiron School LLC, Fullstack Academy LLC, General Assembly Space Inc., Hackwagon Academy Pte Ltd., Hash Map Labs Inc., Ironhack Inc., LA LOCO SAS, Launch School, Makers Academy, Nippon Telegraph and Telephone Corp., Skillcrush Inc., Stride Inc., Udacity Inc., and Zip Code Wilmington.

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

End-user (Individual learners and Institutional learners), Language (Java, Python, .NET, Ruby, and Html and others), Delivery Mode (Full-time bootcamps and Part-time bootcamps), 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

4Geeks Academy LLC, Academia de Codigo, Barcelona Code School, Chegg Inc., Dataquest Labs Inc., Epicodus Inc., Flatiron School LLC, Fullstack Academy LLC, General Assembly Space Inc., Hackwagon Academy Pte Ltd., Hash Map Labs Inc., Ironhack Inc., LA LOCO SAS, Launch School, Makers Academy, Nippon Telegraph and Telephone Corp., Skillcrush Inc., Stride Inc., Udacity Inc., and Zip Code Wilmington

Key Market Trends Fueling Growth

Ready-to-work coding bootcamps address sudden IT skill shortages by providing comprehensive training for junior developers. Known as Zero to Sixty code schools, these intensive programs offer full-time and part-time options. Full-time training requires 6-10 hours daily, while part-time training needs 3-5 hours. Vendors create custom in-house curriculums, driving market growth. Expect an expansion of ready-to-work coding bootcamps during the forecast period. 

The coding bootcamp market is booming with trends like Cloud architecture, E-commerce, and Data Science leading the way. In-demand programming languages such as Java, Python, JavaScript, HTML & CSS are top priorities for tech-savvy employers. Universities are partnering with Ed-tech platforms to offer intensive training in these skills, making it easier for individuals to upskill and become future-ready. Online learning is a game-changer, offering flexible schedules and accessible training for technical careers. Free courses on video recording platforms are also driving social media awareness and increasing female labor participation in the tech workforce. Skills like problem-solving, cybersecurity, user experience design, product management, and full-stack web development are in high demand. Part-time bootcamps offer accelerated learning and hands-on experience, making it easier for individuals to develop software engineering skills and transition into tech-based jobs. Hiring and onboarding are streamlined with the help of e-learning, allowing businesses to tap into a skilled and efficient tech workforce. Overall, coding bootcamps are an effective solution for individuals looking to develop technical skills and for businesses seeking to hire tech talent. 

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Market Challenges

The expansion of colleges and universities providing formal computer science engineering degrees is limiting the growth of the global coding bootcamp market. With the rapid increase in students enrolling in higher education, there is a corresponding rise in the number of classes offered by these institutions. Additionally, the demand for software engineers in developed and developing economies is driving students towards degree programs. Employers in many emerging nations continue to prefer degree-holding candidates, hindering the emergence of coding bootcamps in these regions. Moreover, students’ unfamiliarity with bootcamps further decreases demand, benefiting formal education providers instead. Therefore, the growth of formal education institutions is anticipated to restrain the global coding bootcamp market during the forecast period.Coding Bootcamps have gained popularity as an effective solution for individuals and institutions looking to upskill in IT fields. However, the market presents several challenges. Corporate training departments seek specialized courses tailored to their needs, while individual learners require job-ready programs. Niche courses in areas like Ruby, AI, machine learning, automation, IoT, and cloud computing are in high demand. Full-time remote and self-paced options cater to diverse learning styles, while part-time programs accommodate busy schedules. IT infrastructure, software engineering, and customization models are essential features. Academic and career support, recorded lectures, and live instruction are crucial for student success. Technology careers in software engineering, AI development, data engineering, data science, database administration, mobile application development, and more offer lucrative job positions. Coding Bootcamps help individuals and institutional learners acquire the necessary skills to excel in these roles.

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Segment Overview 

This coding bootcamp market report extensively covers market segmentation by

End-user 1.1 Individual learners1.2 Institutional learnersLanguage 2.1 Java2.2 Python2.3 .NET2.4 Ruby2.5 Html and othersDelivery Mode3.1 Full-time bootcamps3.2 Part-time bootcampsGeography 4.1 North America4.2 APAC4.3 Europe4.4 South America4.5 Middle East and Africa

1.1 Individual learners-  The coding bootcamp market is experiencing significant growth due to the increasing importance of software engineering and web development in businesses. According to the US Bureau of Labor Statistics, the job market for computer science and Information Technology professionals is projected to expand by 15% from 2021 to 2031, creating around 682,800 new jobs. This growth is driven in part by the cost-effective nature of coding bootcamps. With costs ranging from USD5,000 to USD20,000, they offer an affordable alternative to traditional degree programs, providing a high return on investment for learners. The US Department of Education’s EQUIP initiative also supports access to coding bootcamps and other non-traditional education models for low-income students. The majority of growth in the global coding bootcamp market comes from individual learners seeking to boost their job prospects. Additionally, the rise of online coding bootcamps enables employees to upskill and improve their coding abilities at their convenience. These factors are expected to fuel the expansion of the individual learners segment of the global coding bootcamp market.

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Research Analysis

Coding Bootcamps are intensive, accelerated training programs designed to equip individuals with the technical skills needed to launch a career in various IT fields. These fields include software engineering, web development, AI, machine learning, automation, IoT, cloud computing, and more. Coding Bootcamps focus on hands-on experience and problem-solving skills, making graduates future-ready for tech-based jobs. With the increasing demand for tech-savvy professionals, Coding Bootcamps offer a viable alternative to traditional universities for skills training. AI developers, technical careers in machine learning, and other specialized roles in artificial intelligence and machine learning are in high demand. Coding Bootcamps provide students with the necessary skills to excel in these positions. Hiring and onboarding processes are streamlined with the help of Coding Bootcamps, ensuring that companies get efficient, skilled candidates. Online Bootcamps offer the convenience of e-learning, making it accessible to a wider audience. Corporate training programs also benefit from Coding Bootcamps, allowing them to upskill their workforce and stay competitive in the tech industry. With a focus on programming, software development, and technical skills, Coding Bootcamps are the go-to solution for individuals seeking to enter the world of coding and technical careers.

Market Research Overview

Coding Bootcamps are intensive training programs designed to equip individuals with essential coding skills and knowledge in various IT fields, including software engineering, artificial intelligence, machine learning, automation, IoT, cloud computing, and more. These programs cater to both individual learners and institutional clients, offering flexible schedules, self-paced and part-time options, and full-time remote learning. Students learn programming languages such as Java, Python, JavaScript, HTML & CSS, and others, preparing them for job positions like AI developer, data engineer, data scientist, database administrator, mobile application developer, cloud architect, and more. E-commerce, Python programming, data science, and big data are popular areas of focus. Online learning through Ed-tech platforms and skill development programs has gained popularity due to its accessibility and affordability. These platforms offer free courses, niche courses, and specialized training in areas like cybersecurity, user experience design, product management, and full-stack web development. Coding Bootcamps aim to produce job-ready individuals with problem-solving skills, technical skills, and hands-on experience in digital technologies. They offer accelerated learning through recorded lectures, academic support, career support, live instruction, and a customization model that caters to individual learning styles and career goals. Tech-savvy and future-ready learners can explore a wide range of tech-based jobs, from software engineering to IT infrastructure, with coding efficiency and a strong foundation in programming and software development. The tech workforce is constantly evolving, and Coding Bootcamps are dedicated to helping learners stay ahead of the curve.

Table of Contents:

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

End-userIndividual LearnersInstitutional LearnersLanguageJavaPython.NETRubyHtml And OthersDelivery ModeFull-time BootcampsPart-time BootcampsGeographyNorth 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

Yeastar Unveils PBX-inbuilt Hotel Management Module to Transform Hotel Operations

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41 minutes ago

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January 15, 2025

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XIAMEN, China, Jan. 15, 2025 /PRNewswire/ — Yeastar, a global leader in Unified Communications (UC) solutions, has launched a groundbreaking Hotel Management module integrated into its P-Series Phone System. Tailored for small and medium-sized hotels, this new feature combines hospitality communications with lightweight property management to streamline hotel daily operations and enhance guest satisfaction.

The Hotel Management Module provides a comprehensive suite of hospitality-centric features with dedicated service panels. With it, hotel staff can efficiently manage room assignments, guest check-ins/outs, housekeeping updates, wake-up calls, room moves, service billing, and more day-to-day operations with just a few clicks in one unified interface.  Back-office features such as custom room status, class of service, guest stay history, call accounting, and branded invoice are also included to further optimize workflows.

For small-scale hotels, the PBX-inbuilt hotel management provides a cost-efficient way to simplify day-to-day hotel operations without incurring the high costs of traditional property management systems. Hotel staff can effortlessly handle guest services, room management, and hotel communications in one unified system, eliminating the complexity of juggling multiple platforms. This ease of use reduces training time and improves operational efficiency, ultimately enhancing the guest experience.

“The addition of the Hotel Management module to our P-Series Phone System underscores Yeastar’s commitment to delivering value-added hotel communications solution,” said Arya Zhou, Head of Global Sales at Yeastar. “As hotels seek to enhance their operational efficiency and guest experience, our all-in-one solution offers the tools they need to succeed in a competitive market.”

Key Advantages of Yeastar P-Series Phone System for Hospitality

Unify all future-proof UC capabilities for scalable business growth, including PBX, call center, live chat, SMS, omnichannel messaging, Linkus UC Clients, and more.PBX-inbuilt Hotel Management module for lightweight hotel managementSupport a wide range of PMS integrations including Oracle Hospitality OperaSupport auto-provisioning 400+ popular hotel phone models in the marketEffortless deployment & excellent compatibility in different hotel setups

About Yeastar

Yeastar makes digital value easily accessible from ownership and adoption to daily usage and management by transforming how businesses connect and communicate. Yeastar has established itself as a leading provider of UC solutions with a strong ecosystem, a global network of channel partners, and over 450,000 customers worldwide. For more information about Yeastar or to become a Yeastar partner, please visit https://www.yeastar.com/.

Media Contact:
Nicole Liu
+86-592-5503309
marketing@yeastar.com 

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Technology

29,999,999,950 LTSC Transferred to Bluegrace Energy Bolivia Administrative Escrow Digital Wallet on Jan 10, 2025, at 05:46:24 AM UTC

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41 minutes ago

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January 15, 2025

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WILMINGTON, Del., Jan. 15, 2025 /PRNewswire/ — The underlying contract for billions of metric tonnes of voluntary market carbon offset was executed on Jan 1, 2025, and the transaction completed on Jan 10, 2025, marks a significant step forward in establishing LTSC as the foremost stablecoin digital currency facilitating seamless exchange between carbon offset providers and sellers.

Mr. Jean Bilala, Executive Chairman of Letscoin, stated that he is ready to proceed to the final step of the conversion of LTSC vs USDT. The contractual obligation and settlement of this placement will be done in parallel with the confirmation of the global carbon credit offset buyers.

When asked about the exit buyers’ confirmation and the market demand for this carbon credit offset, Dr. Thana Balan, the co-founder of LTSC, answered that the business is comprised of users that require carbon offsets. Given the global implementation of utilizing carbon credits to offset carbon footprints, this assists global businesses in achieving net zero emissions by 2050.

This process is ongoing, and it is a mandatory requirement that every industry producing a sizeable carbon footprint balances its carbon output with offsets. Industries such as airline operators, mining, oil & gas refining, and processing companies are all fully engaged. Any business that has a carbon footprint will need carbon credit offsets to operate in the very near future.

Regulations are already in place globally, which are implemented and followed. Letscoin is not alone in becoming the digital currency facilitator for this transaction. Associate, Kyoto Transformation Xchange (KTX), is developing a carbon credit tokenization system. This will include creating the system to identify measures and justify the value of the carbon footprint of all industries, land, agro facilities, reserve Amazon mapping, and more.

During their recent R&D technology meetings in Jakarta, Indonesia, and Kuala Lumpur, Malaysia, KTX introduced rocket science and AI drone facility owners to collaborate and execute their mission of being the associated partner of LTSC.

The achievement of LTSC being the digital exchange medium connecting the trade of carbon credit offsets between providers and the end buyer is an important move to the stability and sustainability of LTSC in the digital stablecoin race globally.

LTSC has structured the “payment gateway” algorithm, generated automatically, which will become a user-friendly online application that can be adopted by any level of basic digital competency. Dr. Thana’s team has the mission to implement plans to facilitate local exchange trading for goods and services that is easily accessible by using the complementary currency programs.

With the adoption of agriculture and forestry lands in Indonesia, Africa, and South America under the agro and carbon footprint mapping, significant milestones have been achieved.

When asked about the execution schedules, Dr. Thana said the execution will be divided into various sectors:

Preservation of carbon footprintTrading of carbon offsetDigitalization of carbon footprint and data management

“Our main focus will be completing the exit sales of the current contract with Bluegrace/LTSC/USDT for the 3 billion metric tonnes of carbon credit offsets. End buyers’ confirmation has been obtained for the tabletop meeting with Bluegrace, which has been requested for Jan 20, 2025, in Europe.”

LTSC believes this meeting will be a great achievement and herald the completion of all the contract commitments signed on Jan 1, 2025, to the executors and the global carbon exchange market.

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SOURCE Letscoin (LTSC)

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Empowering Businesses of All Sizes: MyGuava Business Offers a New Standard in Financial Solutions

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41 minutes ago

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January 15, 2025

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LONDON, Jan. 15, 2025 /PRNewswire/ — In today’s fast-growing world, businesses need more than traditional banking services – they require innovative financial tools tailored to their specific needs. MyGuava Business is focused on meeting these demands, offering a ground-breaking platform that caters to businesses of all sizes.

Tailored Solutions for Every Business Size

One of the defining features of MyGuava Business is its bespoke quality. The platform is designed to support businesses of every size and industry, offering flexibility that ensures no one is left behind. Start-ups and small businesses benefit from straightforward, easy-to-use tools that promote growth without unnecessary complexity.

Transparent and Competitive Pricing

At a time when hidden fees and unclear pricing structures are all too common, MyGuava Business stands apart with its transparent and competitive rates. Businesses can plan their budgets confidently, knowing there won’t be any unexpected costs. For small businesses, this affordability is an essential requirement.

Seamless Onboarding and User Experience

The platform’s user-friendly interface makes navigation intuitive, ensuring that even those without extensive technical expertise can get started quickly. Clear dashboards, always accessible customer support and step-by-step guidance make MyGuava Business a platform that any business can adopt with ease.

Comprehensive Product Offerings: Covering Every Aspect of the Financial Sector

MyGuava Business goes beyond traditional financial management by offering a diverse range of services that cover all payment needs, whether the business transacts in person or online. From business accounts simplifying cross-border payments to payment terminals, e-commerce solutions, cards, payment links and invoice creation, the platform provides businesses with versatile tools to seamlessly manage transactions.

Built In-House with Customer Needs in Mind

What truly sets MyGuava Business apart is that it is a comprehensive end-to-end payments solution provider – a direct result of its in-house development. Unlike many platforms that rely on third-party tools, every feature of MyGuava Business is purpose-built to meet the unique needs of its users.

A Vision for the Future of Business Finance

MyGuava Business is more than just a financial platform – it’s a partner in growth. By combining affordability, adaptability, and a customer-centric design, it offers businesses the tools they need to succeed in a rapidly changing world.

In a world where adaptability and efficiency are crucial, MyGuava Business is the financial partner every business deserves. Discover more at myguava.com/business.

Contact:
Nikki Suleymanova
Nigar.suleymanova@guavapay.com
07443322377

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