Blockchain Press Releases
Revolutionary Growth Projected for Online Education Market Expanding to USD 475 Billion by 2030 with a Striking CAGR of 9.1% Unveiled in Technology Industry Report by Facts and Factors
NEW YORK, July 13, 2023 /PRNewswire/ — As per Facts and Factors study, the global Online Education market size was worth around USD 217 billion in 2022 and is predicted to grow to around USD 475 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 9.1% between 2023 and 2030.
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Online Education Market: Overview
Massive demand for online education has resulted from the escalating competition among online degree providers and the substantial proportion of education sector investments. The increasing need to enhance the quality of education and experience has increased the demand for online education. The proliferation of online education enterprises has disrupted the market and increased venture capital funding. For the record, the amount of venture capital allocated to the edtech industry in the United States increased from $1.1 billion to nearly $8.1 billion.
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Key Industry Insights & Findings of the Online Education Market Reports:
- As per the analysis, the Online Education market share is likely to grow above a CAGR of around 9.1% between 2023 and 2030.
- The Online Education market size was worth around USD 217 billion in 2022 and is estimated to hit approximately USD 475 Billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- The global online education market is anticipated to record massive growth over the forecast period owing to the large-scale application of AI for e-learning in the education sector.
- In terms of type, the academic segment is slated to register the fastest CAGR over the forecast period.
- Based on technology, the mobile e-learning segment is slated to dominate the segmental surge over the forecast period.
- On the basis of end-user, the K-12 schools’ segment is slated to dominate the segmental surge over the forecast period.
- Region-wise, the Asia-Pacific online education market is projected to register the highest CAGR during the assessment period.
Facts and Factors published the latest report titled “Online Education Market Size, Share, Growth Analysis Report By Type (Academic and Corporate), By Technology (Mobile E-learning, Rapid E-learning, and Podcasts), By Vendor (Service Provider and Content Provider), By End-User (Higher Education Institutions and K-12 Schools), and By Region – Global and Regional Industry Insights, Overview, Comprehensive Analysis, Trends, Statistical Research, Market Intelligence, Historical Data and Forecast 2023 – 2030” into their research database.
Online Education Market: Growth Factors
- Growing popularity of cloud-based technologies will drive the expansion of global market
It is anticipated that the introduction of cloud-based tools and an increase in online interaction for resolving questions will drive the global growth of the online education market. The widespread implementation of cutting-edge hardware computing systems, such as smartphones, in educational activities will expand the market’s growth potential.
Global market growth will be stimulated by the widespread implementation of AI for e-learning in the education industry. Aside from this, online education providers are uniquely positioned to develop B2B alliances with companies whose primary objective is to upskill their employees and recruit new talent. The action is anticipated to stimulate global market trends.
In addition, the trend toward providing unique learning experiences will drive the expansion of the global online education market. The increasing digitization of education and demand for tablets will increase the scale of the global market.
Online Education Market: Restraints
- Less web access can hinder the expansion of the global market
Income limitations and restricted Internet access can hinder the global online education market. Children’s increasing reliance on smartphones, iPads, and laptops will further slow the global economy.
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Global Online Education Market: Segmentation Analysis
The global online education market is segmented by type, technology, vendor, end-user, and region.
The global market for online education is segmented by type into academic and corporate segments. In addition, the academic segment, which accounted for over 52% of the global market share in 2022, is anticipated to exhibit the highest CAGR during the forecast period. In academic institutions such as schools, universities, and coaching institutes, there has been a rise in demand for online lecture delivery, which has contributed to segment growth in the coming years.
Globally, the online education industry is segmented by technology into rapid e-learning, mobile e-learning, and podcasts. In addition, the mobile e-learning segment, which held a significant share of the global market in 2022, is projected to lead the segmental expansion in the coming years. The predicted segment growth can be attributed to the widespread use of mobile e-learning technology in online education activities.
The global online education market is segmented by end-user into higher education institutions and K-12 schools. In addition, the K-12 schools’ segment, which held a significant share of the global market in 2022, is projected to lead the segmental expansion in the coming years. The predicted segment growth can be attributed to the substantial demand for online modes of education in K-12 institutions.
The global online education industry is divided into service providers and content providers based on the vendor.
Recent Developments:
- In the first half of 2022, Credly, Inc., a key software firm, recently declared its acquisition of Pearson plc, a key UK-based education & book publishing firm. The move is likely to expand the latter’s assessment abilities, learning capabilities, and workforce analysis. Furthermore, it will help in expanding the former’s global presence.
- In the second quarter of 2022, Class Technologies Inc., a key player in the digital learning sector, and Anthology, a key provider of ed-tech solutions, signed a deal as per which the former will acquire the latter’s virtual classroom. The move is likely to boost the growth of the online education industry across the globe.
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Competitive Players
The report contains qualitative and quantitative research on the global Online Education Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market’s main competitors, as well as information on their competitiveness.
Some of the main players in the global Online Education market include;
- Saba Software
- Microsoft Corporation
- Lynda.Com
- KallidUS Ltd.
- Cornerstone on Demand Inc.
- Docebo
- Citrix Education Inc.
- Tata Interactive Systems
- Adobe Systems Inc.
- Blackboard Inc.
- Aptara Inc.
- Mcgraw-Hill Education
- K12 Inc.
- Powerschool Group LLC
- Cisco Systems Inc.
- Skills2learn Ltd.
- Oracle Corporation
- City & Guilds Group
- Centerpoint Systems Inc.
- Adobe Systems Inc.
- Articulate Global Inc.
- Learning Pool
- Sap SE
- Edmodo
Key questions answered in this report:
- What is the growth rate forecast and market size for Online Education Market?
- What are the key driving factors propelling the Online Education Market forward?
- What are the most important companies in the Online Education Market Industry?
- What segments does the Online Education Market cover?
- How can I receive a free copy of the Online Education Market sample report and company profiles?
Report Scope:
|
Report Attribute |
Report Details |
|
Market Size in 2022 |
USD 217 Billion |
|
Market Forecast in 2030 |
USD 475 Billion |
|
Growth Rate |
CAGR of 9.1% |
|
Base Year |
2022 |
|
Forecast Years |
2023- 2030 |
|
Key Companies Covered |
Saba Software, Microsoft Corporation, Lynda.Com, KallidUS Ltd., Cornerstone on Demand Inc., Docebo, Citrix Education Inc., Tata Interactive Systems, Adobe Systems Inc., Blackboard Inc., Aptara Inc., Mcgraw-Hill Education, K12 Inc., Powerschool Group LLC, Cisco Systems Inc., Skills2learn Ltd., Oracle Corporation, City & Guilds Group, Centerpoint Systems Inc., Adobe Systems Inc., Articulate Global Inc., Learning Pool, Sap SE, Edmodo., and others. |
|
Segments Covered |
By Type, Technology, Vendor, End-User, and Region |
|
Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
|
Customization Scope |
Avail customized purchase options to meet your exact research needs. |
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Regional Analysis:
Over the forecast period, the North American Online Education market will establish a dominant position.
North America, which accounted for more than 60 percent of the global online education market’s revenue in 2022, is projected to experience significant growth over the coming years. The expansion of the regional market between 2023 and 2030 may be subject to an increase in demand for bring your own device. In addition, the regional market expansion will be driven by the presence of key competitors such as Microsoft Corporation, Cisco Systems, Inc., and Oracle Corporation.
In addition, the Asia-Pacific region is anticipated to have the maximum CAGR over the assessment period for the online education market. A rise in the use of the internet and the demand for smartphones in countries such as India and China are factors that are likely to influence the expansion of the regional industry. Regional industry trends will be determined by the vast prevalence of educational institutions in the region.
Global Online Education Market is segmented as follows:
By Type Segment Analysis
- Academic
- Corporate
By Technology Segment Analysis
- Mobile E-learning
- Rapid E-learning
- Podcasts
By Vendor Segment Analysis
- Service Provider
- Content Provider
By End-User Segment Analysis
- Higher Education Institutions
- K-12 Schools
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Southeast Asia
- Rest of Southeast Asia
- The Middle East & Africa
- GCC
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
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Blockchain Press Releases
Bitrue expands Bitcoin Runes Offerings with GPTV Listing and Staking Options
VICTORIA, Seychelles, May 3, 2024 /PRNewswire/ — Leading digital asset exchange Bitrue continues its community-driven approach with the listing of a new Bitcoin Runes token, GPTV•AI•PEPE•KING (GPTV). This follows the recent addition of several other Bitcoin Runes tokens to the platform, including SATOSHI•NAKAMOTO (SATOSHI), LOBO•THE•WOLF•PUP (LOBO), RSIC•GENESIS•RUNE (RSIC), and DOG•GO•TO•THE•MOON (DOG). Trading for the GPTV/USDT pair commenced on April 30th, 2024.
What is GPTV?
GPTV is the native token of AI PEPE KING, a project claiming to be the “largest AI Meme Community” with a presence on both the Polygon (AIPEPE) and Bitcoin Runes (GPTV) blockchains. Notably, AI PEPE KING secured a $10 million investment to develop AI-powered customer service tools leveraging the ChatGPT technology. Additionally, they are building a “Dream Lottery” system. Revenue generated from these products is earmarked for buybacks and burns of both AIPEPE and GPTV tokens, potentially influencing their long-term value.
Staking Opportunities with Attractive Yields
Bitrue is also offering users staking opportunities for those holding BTR, AIPEPE, RSIC, or DOG tokens. By staking their holdings, users can earn rewards in GPTV, with estimated annual percentage yield (APY) varying on the staked token, with BTR offering 22.15%, AIPEPE at 23.18%, RSIC boasting a higher 31.37%, and DOG coming in at 23.62%. These yields present a potentially lucrative opportunity for users to grow their cryptocurrency holdings, but also come with financial risk and the potential for investment to return much lower yields.
Bitrue’s Focus on Community Engagement
The listing of these Bitcoin Runes tokens is a testament to Bitrue’s commitment to its user base. The decision to add these tokens stemmed from a community poll conducted through an X poll on Bitrue’s X account. This highlights the exchange’s dedication to incorporating community feedback into its decision-making process, fostering a sense of collaboration and shared interest.
With the addition of GPTV and the introduction of staking opportunities, Bitrue continues to expand its offerings for users interested in the burgeoning world of Bitcoin Runes tokens. The exchange’s focus on community engagement further strengthens its position as a platform that prioritizes user input and satisfaction.
About Bitrue
Launched in July 2018, Bitrue is a diversified digital asset exchange that supports trading, loans and investments. Bitrue aims to utilize blockchain technology to bring financial opportunities to everybody regardless of their location or financial position. With offices in Asia and Europe, the business continues to develop new features at a rapid speed to fully service the new wave of the digital economy. More information is available at Bitrue’s website.
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ZettaBlock, a leading provider of blockchain solutions, has recently announced a significant enhancement to its offerings with the addition of blockchain data services. This development marks a strategic move aimed at bolstering ZettaBlock’s capabilities and further solidifying its position in the blockchain industry.
By integrating blockchain data services into its portfolio, ZettaBlock seeks to address the growing demand for comprehensive and reliable data solutions within the blockchain ecosystem. The new offering will enable clients to access a wealth of blockchain data, empowering them to make informed decisions and derive valuable insights from the vast amount of information available on various blockchain networks.
ZettaBlock’s decision to expand its services comes at a time when the importance of blockchain data analytics is increasingly recognized across industries. With blockchain technology continuing to gain traction and adoption worldwide, the ability to effectively harness and analyze blockchain data has become crucial for businesses and organizations seeking to unlock new opportunities and drive innovation.
Through its blockchain data services, ZettaBlock aims to cater to the diverse needs of its clients, providing them with access to real-time and historical data from a wide range of blockchain networks. This includes transaction data, smart contract metrics, network activity, and more, allowing users to gain deeper insights into blockchain transactions and activities.
The addition of blockchain data services represents a significant milestone for ZettaBlock, underscoring the company’s commitment to delivering cutting-edge solutions that meet the evolving needs of the blockchain industry. As businesses increasingly recognize the value of blockchain data in driving decision-making and enhancing operations, ZettaBlock’s comprehensive data services are poised to play a key role in shaping the future of blockchain analytics.
Source: cryptonewsz.com
The post ZettaBlock announces the addition of blockchain data appeared first on HIPTHER Alerts.
Hong Kong has entered the cryptocurrency ETF market with the debut of its first spot cryptocurrency exchange-traded funds (ETFs) on Tuesday, signaling the city’s ambition to compete with the US in the rapidly growing sector.
The launch, led by the Hong Kong units of three mainland Chinese asset managers — Bosera Asset Management, Harvest Global Investments, and China Asset Management — saw the introduction of two ETFs each tracking bitcoin and ether prices. Bosera’s funds were launched in collaboration with HashKey Capital.
On their debut, the three bitcoin ETFs closed between 1.5% and 1.8% higher, while the ether ETFs experienced slight losses of between 0.5% and 0.8%. Despite this, total trading turnover for all six ETFs, which included trading in US dollars, Hong Kong dollars, and renminbi, reached approximately HK$99.5 million (US$12.7 million). In comparison, US-based funds saw turnover exceeding $4 billion on their first trading day.
The move marks Hong Kong’s commitment to becoming a significant player in the cryptocurrency space, following its announcement in 2022 amid pandemic restrictions and increased Chinese oversight. Joseph Chan, Hong Kong’s under-secretary for financial services and the treasury, emphasized the city’s leading position in Asia’s crypto asset development during the ETF listing ceremony.
Prior to this, CSOP Asset Management had launched Hong Kong’s first bitcoin and ether futures ETFs in late 2022, following the publication of rules for spot ETFs by the Securities and Futures Commission in December.
In January, the US Securities and Exchange Commission approved the country’s first spot bitcoin ETFs, which have since attracted significant assets under management and net inflows. Robert Zhan, director of risk consulting at KPMG China, remains optimistic about the potential of the Hong Kong funds, despite current market sentiments and relatively flat prices of bitcoin and ether leading up to the launch.
The launch of crypto-linked funds by major Chinese asset managers has generated excitement within the industry, despite China’s strict cryptocurrency regulations. Donald Day, COO of Hong Kong-based digital asset exchange VDX, believes the new funds will cater to active investors unable or unwilling to trade during US hours.
Source: ft.com
The post Hong Kong joins global crypto ETF race appeared first on HIPTHER Alerts.
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