Global Hybrid Learning Tools Market is Expected to reach USD 1 billion by 2030
Global Hybrid Learning Tools Market was valued at US$ 0.4 billion in 2022 and is projected to reach US$ 1 billion by 2030. The market is expected to witness a 10.8% CAGR during the forecast period 2023-2030.
New York, June 27, 2023 (GLOBE NEWSWIRE) — Market Overview:
According to the latest research report published by DataM Intelligence, the Global Hybrid Learning Tools Market was valued at US$ 0.4 billion in 2022 and is projected to reach US$ 1 billion by 2030. The market is expected to witness a 10.8% CAGR during the forecast period 2023-2030. The global hybrid learning tools market is segmented based on type, end-user and region.
North America is expected to contribute significantly to the market growth due to sophisticated digital learning platforms and increased investments in educational learning. Some of the key players in the market include D2L Corporation, Skillsoft, Blackboard Inc., Cegos, GP Strategies, Microsoft Corporation, Cisco Systems, Inc, Schoology, Inc., Desire2Learn (Brightspace) and Aptara Inc.
The global hybrid learning tools market has grown significantly in recent years due to technological improvements, increased acceptance of blended learning models and the influence of the COVID-19 pandemic. Traditional classroom teaching is combined with online or virtual learning to provide a flexible and individualized approach to education.
China has one of the world’s biggest education marketplaces, with many students and educational institutions. The country’s dedication to education and its emphasis on technological integration in the education sector has produced an enabling climate for adopting hybrid learning technologies. The sheer scale of the industry provides enormous development prospects for global hybrid learning tool providers, with more than 44.8% of the regional market share in 2022.
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Corporate Training and Professional Development
Corporate training and professional development are critical drivers of the global hybrid learning tools industry. Organizations acknowledge the significance of continual learning to remain competitive in today’s quickly changing business environment. Corporate training and professional development programs help workers upskill and reskill, improve their performance and advance their careers. Hybrid learning solutions combine online modules with in-person meetings or virtual classrooms to give a flexible and efficient approach to conducting training programs.
Employees may use hybrid learning solutions to access training materials and resources at their leisure. They may take online classes, access instructional information and engage in interactive learning activities anytime and from any location. This flexibility enables workers to manage their job obligations while investing in their professional growth, leading to a surge in hybrid learning technologies in the Corporate Training industry.
Continuous Skill Development is Emphasized
The focus on continual skill improvement is a major driving element in the global hybrid learning tools market’s growth. Individuals and companies realize the need to gain new skills and remain relevant as the employment market becomes more dynamic and technology-driven. Hybrid learning technologies make it easy and flexible to upskill and reskill, meeting the needs of lifelong learners.
Hybrid learning technologies provide diverse online courses and learning materials spanning various disciplines and abilities. Thousands of courses are available on platforms such as Coursera, Udemy and LinkedIn Learning, enabling learners to choose subjects relevant to their professional objectives and interests. These platforms enable users to study at their speed and fit learning into their busy lives by providing on-demand access to course content.
In numerous ways, resistance to change and old teaching techniques might stifle the development of the global hybrid learning tools industry. Because of a reluctance to accept technology in the classroom, some educators and institutions may be averse to using mixed learning methods. They may favor conventional teaching techniques and see technology as a hindrance or a burden.
This opposition may hamper the integration and broad use of hybrid learning methods. Educators who have spent years teaching in conventional classroom settings, for example, may be cautious about including online platforms, virtual classrooms, or digital materials in their teaching techniques.
Covid-19 Impact Analysis:
The COVID-19 epidemic has significantly influenced the global market for hybrid learning technologies. The need for efficient hybrid learning technologies soared as educational institutions throughout the globe faced widespread closures and the necessity to convert to remote learning.
As schools and colleges strove to maintain the continuation of education, the epidemic hastened the use of hybrid learning approaches. In a remote or blended learning setting, hybrid learning technologies have become crucial for providing teaching, controlling student progress and promoting communication and collaboration.
Artificial Intelligence Impact Analysis:
AI has greatly influenced the global hybrid learning tools industry, revolutionizing how education is provided and improving the learning experience. By evaluating massive volumes of data on student performance, preferences and learning styles, AI offers adaptive learning experiences. It may give individualized suggestions, adaptive tests and customized material, enabling students to proceed at their speed while focusing on their requirements.
AI-powered virtual tutors and chatbots may mimic human-like interactions, giving learners quick feedback and direction. These technologies may help students grasp complicated ideas by answering questions and providing individualized explanations, making the learning environment more interesting and dynamic.
Russia-Ukraine War Impact:
If the violence directly impacts the areas where these enterprises have a presence or a client base, their activities may be disrupted. These interruptions might include issues sustaining client connections, product development or implementation delays, or difficulties delivering customer assistance.
Recent Industry Developments:
- On April 17, 2023, ClassIn announced the launch of its famous platform in the United States. The ClassIn platform was created after over ten years of market experience, research, development and development specifically for education. ClassIn creates virtual and physical classrooms with its software and hardware solutions, delivering the digital foundation for the hybrid future of education.
- On May 5, 2021, Microsoft announced the release of a slew of new learning tools in honor of National Teacher Appreciation Day in the United States. In the aftermath of the COVID-19 outbreak, these tools are meant to assist teachers and students in a hybrid in-person, online learning environment.
- D2L announced a partnership with Zoom Video Communications, Inc., a leading video-first unified communications platform, on April 29, 2021, to provide a full educational experience. In North America, D2L will offer Zoom alongside the award-winning Brightspace learning platform, providing seamless online and blended learning integration with live face-to-face video.
As per the research analysis, the global hybrid learning tools market is segmented by type into the system, content, courses, solution and others; and by end-user into education institutes, corporate training, public education and others.
The Rising Popularity of Online Learning and Digitalization has Accelerated the Expansion of Educational Institutions.
The increasing popularity of online learning and the digitization of education has driven the expansion of the educational institution’s end-user sector in the global hybrid learning tools market. Online learning has become popular among students and educational institutions due to its ease, flexibility and accessibility. Institutions have realized the promise of online learning to reach a larger student base, overcome geographical barriers and meet students’ different learning requirements.
As a result, hybrid learning solutions that support online learning experiences have gained popularity. Many universities and colleges throughout the globe, for example, have extended their online course offerings and hybrid learning models to meet the need for distant and flexible learning opportunities. As a result, the end-user segment of educational institutions has more than 37.3% of the global segmental market and is likely to dominate over the projection period.
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The global hybrid learning tools market is segmented into North America, Europe, South America, Asia Pacific and Middle East & Africa.
North America Hybrid Learning Tools Market:
The North American hybrid learning tool market has grown significantly due to sophisticated digital learning platforms and increased investments in educational learning. Several changes have contributed to this increase, particularly in the United States. To improve the learning experience, academic institutions in the United States have progressively used innovative digital learning systems.
Canvas, Blackboard and Moodle are central learning management systems (LMS) that provide schools with full platforms for managing course material, facilitating online conversations, delivering multimedia resources and tracking student progress. These platforms include various hybrid learning tools and features that encourage interactive and individualized learning. As a result, North America accounted for more than one-third of global shares throughout the predicted period.
The major companies contributing to the global hybrid learning tools market growth include D2L Corporation, Skillsoft, Blackboard Inc., Cegos, GP Strategies, Microsoft Corporation, Cisco Systems, Inc, Schoology, Inc., Desire2Learn (Brightspace) and Aptara Inc.
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The Full Report has the below insights.
- The report offers a comprehensive evaluation of the market in terms of Market Value (US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data (2020-2021) and verifiable market size projections (2022-2029).
- Visualize the composition of the global hybrid learning tools market segmentation type, end user and region, highlighting the key commercial assets and players.
- By Type: System, content, courses, solution and others
- By End User: Education institutes, corporate training, public education and others
- By Region: North America, Europe, South America, Asia-Pacific and Middle East and Africa.
- Identify commercial opportunities in the global hybrid learning tools market by analyzing trends and co-development deals.
- The report also covers data insights on various industry forces such as Porter’s five forces, regulations in each country, reimbursement scenario, technological advancements, PEST analysis and pricing analysis.
- Excel data sheet with thousands of the global hybrid learning tools market-level 4/5 segmentation data points.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in Excel for the key product of all major market players.
- The report will provide access to approximately 50+ market data tables, 40+ figures and close to 180 pages.
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