Professional Services Coverage

Marketing Resource Management Market Definition And Segments

Marketing resource management refers to a software solution used by organizations to effectively plan, budget, execute, and analyze their marketing activities. It facilitates better control over marketing resources, improving efficiency, and maximizing return on investment (ROI) in marketing initiatives. The main types of marketing resource management solutions are marketing reporting and analytics, capacity planning management, financial management, creative production management, brand and advertising management, marketing asset management, and others. Marketing reporting and analytics refers to the measurement, analysis, and interpretation of marketing performance data to optimize strategies and decision-making. It can be deployed in the cloud and on-premises and is used in various verticals such as media and entertainment, retail, banking, financial services, insurance, healthcare, consumer goods, automotive, manufacturing, apparel, and others. The marketing resource management market covered in this report is segmented – 1) By Solution Type: Marketing Reporting And Analytics, Capacity Planning Management, Financial Management, Creative Production Management, Brand And Advertising Management, Marketing Asset Management, Other Solutions 2) By Deployment Type: Cloud-based, On-premises 3) By Vertical: Media And Entertainment, Retail, Banking, Financial Services, And Insurance, Healthcare, Consumer Goods, Automotive, Manufacturing, Apparel, Other Verticals The marketing resource management market size has grown rapidly in recent years. It will grow from $5.37 billion in 2023 to $6.20 billion in 2024 at a compound annual growth rate (CAGR) of 15.3%. The growth in the historic period can be attributed to efficiency improvement, cross-team collaboration, data-driven decision-making, the desire to reduce unnecessary marketing expenses, and growing awareness of the importance of adhering to regulatory standards. The marketing resource management market size is expected to see rapid growth in the next few years. It will grow to $11.03 billion in 2028 at a compound annual growth rate (CAGR) of 15.5%. The growth in the forecast period can be attributed to AI and automation integration, security and privacy concerns, continuous training and development, demand for scalability, and demand for real-time insights. Major trends in the forecast period include enhanced AI capabilities, blockchain for transparent marketing supply chains, advanced cross-channel attribution models, integration with virtual and augmented reality, and voice search optimization.

Digital Marketing Initiatives Is Driving Growth Of The Marketing Resource Management Market

A rise in digital marketing initiatives is expected to propel the growth of the marketing resource management market moving forward. Digital marketing initiatives refer to online strategies and tactics aimed at promoting products or services, leveraging channels such as social media, search engines, email, and websites to reach and engage target audiences, ultimately driving brand awareness and conversions. The rise in digital marketing initiatives is driven by the growing online presence of consumers and the effectiveness of targeted advertising on digital platforms. Marketing resource management (MRM) streamlines and optimizes digital marketing processes, ensuring efficient allocation of resources for maximum return on investment (ROI). For instance, in April 2022, according to the Interactive Advertising Bureau (IAB), a US-based advertising business organization, 2021 year-on-year growth for total digital ad revenues climbed 35.4%, reaching a total of $189 billion. This growth is nearly three times larger than the growth of 12.2% in 2020. Revenues increased by $50 billion in just one year. Therefore, the rise in digital marketing initiatives is driving the growth of the marketing resource management market. Major companies operating in the marketing resource management market are Microsoft Corporation, International Business Machines Corporation, Oracle Corporation, SAP SE, Adobe Systems Inc., HCL Technologies Limited, Broadridge Financial Solutions, SAS Institute Inc., Teradata Corporation, Aprimo LLC, MarcomCentral, BrandMaker GmbH, Sitecore Corporation, North Plains Systems Corporation, Capital ID B.V., Allocadia Software Inc., Admation Pty. Ltd., Bynder B.V., BrandMaster AS, InMotionNow Inc., Marvia B.V., IntelligenceBank Pty. Ltd., Hive9 Solutions Inc., Optimatica Technologies LLC

Enhancement In Marketing Efficiency By Development Of Actionable Marketing Calendars

Major companies operating in the marketing resource management market are increasing their focus on developing advanced solutions, such as an integrated marketing calendar, to gain a competitive edge in the market. An integrated marketing calendar in resource management streamlines planning and execution, optimizing resources for impactful digital campaigns and fostering agility in alignment with broader business objectives. For instance, in June 2021, Aprimo, a US-based marketing automation software company, launched the actionable marketing calendar, a part of Aprimo's marketing resource management software suite and a strategic planning tool that outlines and schedules specific marketing activities, campaigns, and deadlines. It provides a structured framework for timely execution and coordination, which provides a comprehensive view of all planned, in-flight, and in-market campaigns. This marketing calendar helps teams work together better by showing all marketing activities in one place, so leaders can report to executives, campaign managers can keep an eye on campaigns, and operations can run smoothly.

Planful Inc. Enhances Financial Intelligence For Marketers Through Acquisition Of Plannuh

In September 2022, Planful Inc., a US-based software company, acquired Plannuh for an undisclosed amount. This acquisition allows Planful to provide marketers with deep financial intelligence for all marketing activities, enabling real-time course correction of investments to improve collaboration with the finance team. Plannuh is a US-based software company that provides marketing resource management capabilities, allowing marketers to easily create and manage marketing plans and budgets on one centralized platform. North America was the largest region in the marketing resource management market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the marketing resource management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the marketing resource management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The marketing resource management market includes revenues earned by entities by providing services such as campaign planning and execution, budgeting, workflow automation, and integration with other systems. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The marketing resource management market research report is one of a series of new reports from The Business Research Company that provides marketing resource management market statistics, including marketing resource management industry global market size, regional shares, competitors with a marketing resource management market share, detailed marketing resource management market segments, market trends and opportunities, and any further data you may need to thrive in the marketing resource management industry. This marketing resource management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Outsourced Customer Care Services Market Definition And Segments

Outsourced customer care services refer to the practice of contracting a third-party service provider to manage certain aspects of a company's customer support and service functions. This outsourcing arrangement allows companies to focus on their core competencies while leveraging the expertise and resources of a dedicated customer service provider. The main types of outsourced customer care services market CRM technology hosting, fulfillment or logistics, and customer interaction. CRM technology hosting involves storing and managing customer relationship management software and data on external servers, typically accessed through the Internet, to provide scalable and secure solutions for businesses. The various applications are pharma and healthcare, food and beverages, chemical and material, construction, logistics, and others used by various end-users such as small and medium enterprises (SMEs), and large enterprises. The outsourced customer care services market covered in this report is segmented – 1) By Type: CRM Technology Hosting, Fulfillment Or Logistics, Customer Interaction 2) By Application: Pharma And Healthcare, Food And Beverages, Chemical And Material, Construction, Logistics, Other Applications 3) By End-User: Small And Medium Enterprises (SMEs), Large Enterprises The outsourced customer care services market size has grown steadily in recent years. It will grow from $70.20 billion in 2023 to $73.54 billion in 2024 at a compound annual growth rate (CAGR) of 4.8%. The growth in the historic period can be attributed to demand for mobility services, rapid shift in preference from enriched to transformational services, demand for higher-value services, adoption of outsourced customer care services, and economic growth. The outsourced customer care services market size is expected to see steady growth in the next few years. It will grow to $88.99 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to rising demand for an instant messenger form of customer service, rising demand and presence of tax-free zones, growing consumer expectations for seamless and effective services, growing Demand For Wireless Devices, and increasing disposable incomes. Major trends in the forecast period include digital transformation and omnichannel support, automation of repetitive tasks, artificial intelligence (AI) and chatbots, integrating of new technologies, and product innovation.

Cloud-Based Services Fueling Growth In The Outsourced Customer Care Services Market

The growing cloud-based services are expected to propel the outsourced customer care services market going forward. Cloud-based services refer to delivering computing resources, applications, and data storage over the internet, offering flexibility, scalability, and accessibility from anywhere. Cloud-based services are significant due to cost-effectiveness, accessibility and remote work, data security, and compliance. Cloud-based services enable outsourced customer care providers to drive innovation, cost savings, and business growth while providing their clients with high-quality, effective, and scalable support solutions. For instance, in March 2024, AAG IT Services, a UK-based company that offers a full suite of IT services, generated over $415 billion in revenue in 2022, up from $343 billion in 2021 for public cloud services. By 2023, public cloud services are expected to generate $526 billion in revenue. Therefore, the growing cloud-based services are driving the growth of the outsourced customer care services market. Major companies operating in the outsourced customer care services market are Accenture plc, Tata Consultancy Services Limited, Capgemini SE, NTT DATA Corporation, Cognizant, Infosys Limited, iQor, HCL Technologies Limited, Wipro Limited, Teleperformance SE, Tech Mahindra, Arvato, Serco Group plc, Genpact, Capita, Alorica, EXL Service, Hinduja Global Solutions Ltd., Atento, Sitel Group, Sykes Enterprises Inc., Transcom WorldWide AB, Sutherland Global Services, TeleTech, VXI Global Solutions LLC, Intelenet Global Services, Stream Global Services

Innovative Strategies In The Outsourced Customer Care Services Market

Major companies operating in the outsourced customer care services market are focused on developing innovative solutions, such as outsourced service to strengthen their position in the market. Outsourcing is the process of contracting or delegating some company responsibilities or activities to outside service providers rather than managing them internally. For instance, in June 2021, Intellinetics, Inc., a US-based content services software company, launched its new Business Process Outsourcing (BPO) services. The unique feature of this service is its capacity to adapt to the changing needs of current clients and broaden its service portfolio into new markets. The integrated solutions from Intellinetics are a strategic and seamless expansion of their core competencies in document conversions, digital and paper-based mail processing, enterprise content management solutions, and records storage and retrieval. They are supported by Accounts Payable invoice processing, digital mailroom services, and claims processing.

Sitel Group Acquires Sykes Enterprises To Enhance Customer Experiences And Digital Transformation Capabilities

In August 2021, Sitel Group, a US-based consulting company, acquired Sykes Enterprises for US$2.2 billion. With this acquisition, Sitel aims to leverage SYKES's technological innovation and digital transformation capabilities to enhance customer experiences through digital, social media, and robotic process automation (RPA). Sykes Enterprises is a US-based organization engaged in business process outsourcing services, IT consulting, and IT-enabled services, such as technical support and customer service. North America was the largest region in the outsourced customer care services market in 2023. The regions covered in the outsourced customer care services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the outsourced customer care services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The outsourced customer care services market includes revenues earned by entities by providing services such as customer support, technical support, order processing, billing and payment support, and related support including appointment scheduling, reservation assistance, warranty support, and social media support. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The outsourced customer care services research report is one of a series of new reports from The Business Research Company that provides outsourced customer care services market statistics, including the outsourced customer care services industry's global market size, regional shares, competitors with an outsourced customer care services market share, detailed outsourced customer care services market segments, market trends and opportunities, and any further data you may need to thrive in the outsourced customer care services industry. This outsourced customer care services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Personalized Learning Market Definition And Segments

Personalized learning refers to an educational approach that customizes the learning experience for each student based on their unique strengths, needs, skills, and interests. It leverages technology, data analysis, and instructional strategies to create personalized learning experiences that optimize student engagement, motivation, and achievement. The main types of personalized learning components are platforms and services. A platform refers to a digital infrastructure or framework that provides a foundation upon which various applications, services, or processes can be built, deployed, and operated. It can be delivered self-paced or instructor-led for various applications, including personal and commercial. It is used by various end users, such as higher education, kindergarten–12th grade, academics, and others. The personalized learning market covered in this report is segmented – 1) By Component: Platform, Services 2) By Delivery Mode: Self-Paced, Instructor-Led 3) By Application: Personal, Commercial 4) By End-User: Higher Education, kindergarten-12th grade, Academic, Others End-Users The personalized learning market size has grown exponentially in recent years. It will grow from $3.76 billion in 2023 to $4.74 billion in 2024 at a compound annual growth rate (CAGR) of 26.2%. The growth in the historic period can be attributed to special education legislation and inclusion policies, demand for alternative education models, parental advocacy, and grassroots movements. The personalized learning market size is expected to see exponential growth in the next few years. It will grow to $12.13 billion in 2028 at a compound annual growth rate (CAGR) of 26.5%. The growth in the forecast period can be attributed to the expansion of data analytics capabilities, globalization and cross-cultural collaboration, and demand for customization and differentiation in education. Major trends in the forecast period include augmented and virtual reality applications, personalized learning pathways, and ethical and inclusive personalization practices.

Online Education Driving Growth In The Personalized Learning Market

The expanding online education is expected to propel the growth of the personalized learning market going forward. Online education refers to the delivery of educational content, instruction, and support through digital technology and the Internet. Online education is growing due to its accessibility, flexibility, and cost-effectiveness, enabling learners to study from anywhere at their own pace. Online education facilitates personalized learning by empowering educators with the tools, flexibility, and infrastructure needed to optimize student engagement and success. Personalized learning allows online learners to follow customized learning paths based on their existing knowledge, skills, and learning goals. For instance, in January 2022, according to the World Economic Forum, a Switzerland-based non-governmental organization, the online learning platform Coursera recorded 20 million new student registrations in 2021, reaching 92 million in 2021 from 71 million in 2020. Therefore, expanding online education is driving the growth of the personalized learning market. Major companies operating in the personalized learning market are Google Plc, Wolters Kluwer N.V., Pearson Education, McGraw-Hill Education Inc., K12 Inc., Scholastic Corporation, Cengage Learning Holdings II Inc., Chegg Inc., Blackboard Inc., PowerSchool, Udemy Inc., Coursera Inc., Duolingo, Rosetta Stone, Desire2Learn Corporation, Codecademy Inc., Udacity Inc., Quizlet Inc., Discovery Education, Edgenuity Inc., Khan Academy Inc., Dreambox Learning Inc., NoRedInk Inc., Knewton Inc., Brainly Inc.

Advancements In Generative AI Models In Personalized Learning

The major companies operating in the personalized learning market are focusing on integrating artificial intelligence into personalized learning to provide students with hyper-personalized and compelling learning experiences. Artificial intelligence (AI) in personalized learning refers to the use of AI technologies to tailor educational experiences to meet the individual needs, preferences, and learning styles of students. For instance, in June 2023, BYJU'S, an India-based educational technology company, BYJU’S WIZ to provide students with personalized learning experiences using generative artificial intelligence (AI). The WIZ suite offers three AI transformer models, including BADRI, MathGPT, and TeacherGPT. Badri is a predictive AI model that identifies a student’s strengths and weaknesses at a granular level. MathGPT offers accurate solutions for complex math challenges, and TeacherGPT provides personalized guidance to students. This trio of AI models boasts an impressive 90% accuracy rate in predicting a student’s knowledge state, adeptly pinpointing misconceptions, learning gaps, or errors along the educational path.

McGraw Hill Acquires Kidaptive Inc. To Enhance Personalized Learning Offerings

In March 2021, McGraw Hill, a US-based publishing company, acquired Kidaptive Inc. for an undisclosed amount. Through this acquisition, McGraw Hill aims to enhance its capabilities in providing personalized learning experiences by integrating Kidaptive's personalized learning solutions within McGraw Hill's school group. Kidaptive Inc. is a US-based developer of an adaptive learning platform designed to empower learners of all ages. North America was the largest region in the personalized learning market in 2023. It is expected to be the fastest-growing region in the forecast period. The regions covered in the personalized learning market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the personalized learning market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The personalized learning market includes revenues earned by entities by providing services such as personal learning plans, learning assessments, professional development, and student support services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The personalized learning market research report is one of a series of new reports from The Business Research Company that provides personalized learning market statistics, including personalized learning industry global market size, regional shares, competitors with a personalized learning market share, detailed personalized learning market segments, market trends and opportunities, and any further data you may need to thrive in the personalized learning industry. This personalized learning market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Process Audit Services Market Definition And Segments

Process audit services refer to the systematic examination of organizational processes to assess effectiveness, efficiency, compliance with standards, and alignment with organizational objectives. These audits are typically conducted by internal or external auditors, who evaluate various aspects of processes to identify areas for improvement and ensure operation as intended. The main types of process audit services are series process audit services and parallel process audit services. A series process audit service refers to a systematic examination of business operations to ensure compliance with established standards and controls. Various applications include individual processes and public processes and are used by many end-users, such as banking financial services and insurance (BFSI), government, manufacturing, healthcare, retail and consumer, and information technology and communications. The process audit services market covered in this report is segmented – 1) By Type: Series Process Audit Service, Parallel Process Audit Service 2) By Application: Individual Processes, Public Processes 3) By End User: Banking, Financial Services And Insurance (BFSI), Government, Manufacturing, Healthcare, Retail And Consumer, Information Technology And Communications The process audit services market size has grown strongly in recent years. It will grow from $23.34 billion in 2023 to $24.68 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to regulatory compliance requirements, quality improvement initiatives, operational efficiency goals, risk management focus, performance measurement and benchmarking. The process audit services market size is expected to see strong growth in the next few years. It will grow to $31.40 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to rise of digital transformation initiatives, emphasis on sustainability and ESG practices, adoption of agile auditing methodologies, increasing demand for remote auditing solutions, growing focus on cybersecurity audits. Major trends in the forecast period include expansion of digital audit solutions, emergence of sustainable audit practices, agile audit methodologies adoption, remote audit services growth, focus on cybersecurity audit capabilities.

Digital Transformation Initiatives Fueling Growth In The Process Audit Services Market

The rise of digital transformation initiatives is expected to propel the growth of the process audit services market going forward. Digital transformation initiatives refer to strategic efforts undertaken by organizations to leverage digital technologies, processes, and capabilities to change how they operate fundamentally, deliver value to customers, and remain competitive in the digital age. Digital transformation initiatives are rising due to organizations' need to adapt to rapidly evolving technological landscapes and consumer preferences. Digital transformation initiatives enhance process audit services by integrating advanced digital technologies to streamline operations, improve data accuracy, and ensure compliance with evolving regulatory standards. For instance, in January 2024, according to a survey of 100 employees conducted by International Business Machines Corporation, a US-based technology company, 42% of IT professionals at large organizations reported actively using AI, while 40% were exploring its possibility. Further, 38% of IT professionals are actively using generative AI, and 42% are exploring it. Therefore, the rise of digital transformation initiatives is driving the growth of the process audit services market. Major companies operating in the process audit services market are Amazon.com Inc., Accenture plc, Deloitte Touche Tohmatsu Limited, Ernst & Young Global Limited, KPMG International Limited, Capgemini SE, BDO Global, Nexia International, Baker Tilly International, RSM International, Mazars LLP, PKF International, Grant Thornton International, Protiviti Inc., Crowe Global, Marcum LLP, Expertise Accelerated, Armanino, Mynd Solution, RKL eSolutions, SAAVHA Inc., JS Morlu LLC, Ermetic, Meru Accounting

Innovative Digital Audit Platforms Transforming The Process Audit Services Market

Major companies operating in the process audit services market are developing innovative digital audit platforms, such as EY Virtual Internal Auditor (EY VIA), to increase their profitability in the market. EY Virtual Internal Auditor (EY VIA) digital platform is a software tool or system that makes auditing easier for businesses and organizations. For instance, in July 2022, Ernst & Young Global Limited, a US-based accounting company, launched the EY Virtual Internal Auditor (EY VIA) digital platform. This platform helps businesses respond quickly and make data-driven decisions by comprehensively viewing the organization's risks across audit processes. EY VIA covers all audit risks within an organization, offering deeper insights to prioritize risks effectively and predict future risks. It allows for full population testing instead of sampling, enabling a thorough assessment of an organization's risk exposure. The platform integrates data from various sources, including enterprise resource planning (ERP) systems, for continuous auditing and monitoring and offers automated data extraction for relevant master, transactional, and configuration data.

Kester Capital Expands Global Footprint With Acquisition Of GXP Engaged Auditing Services

In September 2023, Kester Capital, a UK-based private equity firm, acquired GXP Engaged Auditing Services for an undisclosed amount. With this acquisition, Kester Capital will enhance its services on a broader scale and strengthen its position in the global market. GXP Engaged Auditing Services is a Germany-based accounting and auditing company specializing in process audit services. North America was the largest region in the process audit services market in 2023. The regions covered in the process audit services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the process audit services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The process audit services market includes revenues earned by entities by providing services such as process evaluation, compliance audits, risk assessment, internal control reviews, and documentation and reporting. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The process audit services market research report is one of a series of new reports from The Business Research Company that provides process audit services market statistics, including process audit services industry global market size, regional shares, competitors with a process audit services market share, detailed process audit services market segments, market trends and opportunities, and any further data you may need to thrive in the process audit services industry. This process audit services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Recruitment Process Outsourcing Market Definition And Segments

Recruitment process outsourcing (RPO) is a business strategy where an organization outsources some or all of its recruitment processes to an external service provider. The primary goal of recruitment process outsourcing is to enhance the efficiency and effectiveness of the recruitment function by leveraging the expertise and resources of a specialized third-party provider. It enables organizations to focus on their core business activities while accessing external expertise and resources to drive more efficient and effective recruitment outcomes. The main types of recruitment process outsourcing are on-demand, function-based, and enterprise-based. On-demand refers to a service or system that is available and accessible whenever it is needed, as opposed to being pre-scheduled or occurring at regular intervals. Services offered are on-site and off-site and are used in various enterprise sizes, such as small and medium enterprises (SMEs), and large enterprises, and are used by various end users, such as banking, financial services and insurance, healthcare, manufacturing, IT and telecom, education, and other end-users. The recruitment process outsourcing market covered in this report is segmented – 1) By Type: On-Demand, Function-Based, Enterprise-Based 2) By Service: On-Site, Off-Site 3) By Enterprise Size: Small And Medium Enterprises (SMEs), Large Enterprises 4) By End-Use: Banking, Financial Services And Insurance, Healthcare, Manufacturing, Information Technology (IT) And Telecommunication, Education, Other End-users The recruitment process outsourcing market size has grown rapidly in recent years. It will grow from $6.05 billion in 2023 to $7.00 billion in 2024 at a compound annual growth rate (CAGR) of 15.7%. The growth in the historic period can be attributed to focus on core competencies, globalization and talent access, rise of remote work, compliance and regulatory challenges. The recruitment process outsourcing market size is expected to see rapid growth in the next few years. It will grow to $12.71 billion in 2028 at a compound annual growth rate (CAGR) of 16.1%. The growth in the forecast period can be attributed to talent shortages and skill gaps, flexibility and scalability, enhanced candidate experience, data-driven decision-making, and innovations in recruitment technologies. Major trends in the forecast period include AI and automation integration, virtual recruitment platforms, enhanced employee value proposition (EVP), human-centric ai, talent pooling and pipelining.

The Surge Of Remote Work Fuels Growth In The Recruitment Process Outsourcing Market

The rise in remote work culture is expected to propel the growth of the recruitment process outsourcing market going forward. Remote work culture refers to the shift in organizational norms and practices that enable employees to perform their duties outside a traditional office setting, often from their homes or other remote locations. The rise in remote work culture is due to the desire for increased work-life balance, cost savings for both employers and employees and advancements in technology that enable seamless remote collaboration. Remote work eliminates geographical barriers, allowing organizations to access a larger and more diverse talent pool. Recruitment process outsourcing providers can leverage their expertise and resources to source candidates from various locations, increasing the likelihood of finding the best-fit talent for remote positions. For instance, in June 2023, according to reports published by Forbes Media LLC, a US-based media company, around 12.7% of full-time employees worked from home in 2023, while 28.2% will use a hybrid model in the US. Further, it is expected that 32.6 million people will be working remotely by 2025. Therefore, the rise in remote work culture is driving the growth of the recruitment process outsourcing market. Major companies operating in the recruitment process outsourcing market are Accenture Plc, International Business Machines Corporation, Deloitte Touche Tohmatsu Ltd., Randstad N.V., The Adecco Group AG, ManpowerGroup Inc., Infosys Ltd., Allegis Group Inc., Aon Hewitt LLC, Hays plc, AMN Healthcare Services Inc., Kelly Services Inc., Pontoon Solutions Inc., Korn Ferry International, Advantage Resourcing America Inc., Alexander Mann Solutions Ltd., PeopleScout Inc., Kenexa Corporation, Sevenstep RPO LLC, Hudson Global Inc., Orion Talent LLC, Atterro Human Capital Group, Accolo Inc.

AI And Automation Talent Transforming Recruitment Process Outsourcing

Major companies operating in the recruitment process outsourcing market increasingly focus on developing artificial intelligence (AI)-based solutions such as Kelly Arc to gain a competitive edge. Kelly Arc is an artificial intelligence-powered platform that streamlines the recruitment process by automating resume screening, identifying qualified candidates, and enhancing decision-making through data-driven insights, ultimately saving time and improving efficiency in talent acquisition. For instance, in October 2023, Kelly Services Inc., a US-based company, launched Kelly Arc, a recruitment platform focusing on AI-powered automation. This platform addresses the growing demand for AI and automation talent by connecting employers with specialized professionals such as robotics process automation (RPA), developers, and project managers.

Teleperformance Strengthens Market Presence And Specialized Services With Acquisition Of PSG Global Solutions

In October 2022, Teleperformance, a France-based digital business services company, acquired PSG Global Solutions for $300 million. With this acquisition, Teleperformance aims to strengthen its specialized services activities, enhance its position in the US healthcare vertical, and bolster its digital recruitment practices. It is further expanding its offerings and enhancing its value proposition to clients in the recruitment process outsourcing market. PSG Global Solutions is a US-based digital recruitment process outsourcing company. North America was the largest region in the recruitment process outsourcing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the recruitment process outsourcing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the recruitment process outsourcing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The recruitment process outsourcing market includes revenues earned by entities by providing services such as talent acquisition and human resource services, candidate identification, resume screening and shortlisting, candidate assessment, talent pool management, and customized recruitment strategies. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The recruitment process outsourcing market research report is one of a series of new reports from The Business Research Company that provides recruitment process outsourcing market statistics, including recruitment process outsourcing industry global market size, regional shares, competitors with a recruitment process outsourcing market share, detailed recruitment process outsourcing market segments, market trends and opportunities, and any further data you may need to thrive in the recruitment process outsourcing industry. This recruitment process outsourcing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Smart Lecture Capture System Market Definition And Segments

A smart lecture capture system is a sophisticated technology designed to efficiently record, store, and distribute educational lectures or presentations for educators. This system aims to enhance the teaching and learning experience by leveraging advanced technologies to improve content accessibility, engagement, and effectiveness in educational settings. The main types of components in a smart lecture capture system are hardware, software, and services. Hardware refers to the physical parts of a computer system or any other electrical device. It includes various deployments, such as on-premises and cloud, and end users are education institutions, corporations, and others. The smart lecture capture system market covered in this report is segmented – 1) By Component: Hardware, Software, Services 2) By Deployment Model: On-Premises, Cloud 3) By End User: Education Institutions, Corporates, Other End Users The smart lecture capture system market size has grown exponentially in recent years. It will grow from $17.47 billion in 2023 to $22.37 billion in 2024 at a compound annual growth rate (CAGR) of 28.1%. The growth in the historic period can be attributed to regulatory compliance, faculty development and support, student demand for flexibility, and data-driven decision making. The smart lecture capture system market size is expected to see exponential growth in the next few years. It will grow to $60.58 billion in 2028 at a compound annual growth rate (CAGR) of 28.3%. The growth in the forecast period can be attributed to increasing emphasis on accessibility and equity, expansion of remote and hybrid learning models, and focus on cybersecurity and data privacy. Major trends in the forecast period include enhanced AI capabilities, immersive technologies, personalized learning experiences, and interactivity and engagement tools.

The Growing Demand For Distance Education Fuels Expansion Of Smart Lecture Capture Systems

The increasing demand for distance education is expected to propel the growth of smart lecture capture systems going forward. Distance learning solutions refer to educational programs, courses, or methods that allow students to learn remotely, typically without attending physical classes or being present on campus. Distance education trends arise due to flexibility, accessibility, cost-effectiveness, career advancement, and lifelong learning. Smart lecture capture systems are increasingly being utilized in distance education to enhance the learning experience for remote students and leverage advanced technology to record, store, and deliver lectures and course materials in a convenient and accessible manner. For instance, according to the World Economic Forum, a Switzerland-based non-governmental organization, the number of students enrolled in online education surged from 71 million in 2020 to 92 million in 2021. Therefore, there is an increasing demand for distance education, which is driving the growth of the smart lecture capture system market. Major companies operating in the smart lecture capture system market are Adobe Connect Inc., Cisco Systems Inc., Zoom Video Communications Inc., Crestron Electronics Inc., Presentations2Go B.V., Haivision Systems Inc., TechSmith Corporation, Brightcove Inc., BlueJeans Network, On24 Inc., Kaltura Inc., Opencast Community, UbiCast SAS, Sonic Foundry Inc., MediaSite by Sonic Foundry Inc., Hive Streaming AB, Vbrick Inc., My Mediasite, Panopto Inc., WebinarJam, YuJa Corporation, Echo360 Inc., Qumu Corporation, MediaPlatform Inc., Winnov Inc

Advancements In Smart Lecture Capture Systems Drive Enhanced Learning And Collaboration

Major companies operating in the smart lecture capture systems market are developing innovative solutions, such as all-in-one lecture capture and auto-tracking solutions, to meet the increasing demand for flexible, engaging, and productive learning and work environments. This solution is a comprehensive technology system designed to enhance information sharing and collaboration in educational and corporate environments. For instance, in February 2022, Panasonic Holdings Corporation, a Japan-based electronics corporation, introduced an all-in-one lecture capture and auto-tracking solution to enhance information sharing and collaboration. This solution allows users to capture, orchestrate, and deliver transformative, shared experiences for in-person and virtual learning environments. The lecture capture solution delivers an unforgettable online learning experience, with more pathways for students to listen, comprehend, and engage with the content. Additionally, it includes features such as auto-tracking capabilities, content, and video management capabilities, hybrid capabilities, compatibility with professional audio systems, and flexible packages.

Panopto Enhances Video Platform With Ensemble Video Acquisition

In April 2021, Panopto, a US-based software company, acquired Ensemble Video for an undisclosed amount. Through this acquisition, Panopto aims to meet the increasing demand for video intelligence and to expand its ability to meet the needs of K–12 educators. It also strengthens Panopto's world-class engineering team and provides customers with an easy-to-use, innovative, unified video management solution. Ensemble Video is a US-based developer of an online video platform designed to enable efficient video capture and provide smart lecture capture systems. North America was the largest region in the smart lecture capture system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the smart lecture capture system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the smart lecture capture system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The smart lecture capture system market consists of revenues earned by entities through services such as recording services, streaming services, storage services, processing services, indexing and searching services, analytics services, integration services, access control services, and playback services. The market value includes the value of related goods sold by the service provider or included within the service offering. The smart lecture capture system market also includes sales of capture devices, High-quality cameras, microphones, Display monitors, routers, switches, and cables. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The smart lecture capture system market research report is one of a series of new reports from The Business Research Company that provides smart lecture capture system market statistics, including smart lecture capture system industry global market size, regional shares, competitors with a smart lecture capture system market share, detailed smart lecture capture system market segments, market trends and opportunities, and any further data you may need to thrive in the smart lecture capture system industry. This smart lecture capture system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Border Security Market Definition And Segments

Border security refers to the measures taken by a nation to protect its borders from unauthorized entry, control the flow of people and goods, and prevent illegal activities such as smuggling and terrorism. It encompasses a range of strategies, technologies, and personnel deployed to monitor, patrol, and manage border areas to ensure national security, public safety, and regulatory compliance. The main types of components in border security are laser, radar, camera, perimeter intrusion and others. A laser component refers to any individual part or element that is used in the construction or operation of a laser system. It includes various segments such as cargo scanners, elemental isotope detectors, ground sensors, radar systems, night-vision goggles, unmanned systems, satellite surveillance, communication systems, biometric systems, and others and used on different platforms, such as land ports, ports and aviation. The border security market covered in this report is segmented – 1) By Component: Laser, Radar, Camera, Perimeter intrusion, Other Components 2) By System: Cargo Scanner, Elemental Isotope Detector, Ground Sensor, Radar System, Night-Vision Goggles, Unmanned Systems, Satellite Surveillance, Communication System, Biometric System, Other Systems 3) By Platform: Land Port, Ports, Aviation The border security market size has grown strongly in recent years. It will grow from $42.03 billion in 2023 to $46.65 billion in 2024 at a compound annual growth rate (CAGR) of 8.6%. The growth in the historic period can be attributed to terrorism and transnational threats, migration and refugee crisis, drug trafficking and smuggling, technological advancements, globalization and trade security. The border security market size is expected to see strong growth in the next few years. It will grow to $59.97 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to emerging technologies and AI integration, biometric innovations for enhanced identification, climate change and environmental pressures, cybersecurity concerns and digital threats, global health crises and pandemic preparedness. Major trends in the forecast period include integration of advanced technologies, biometric authentication and identity verification, unmanned aerial vehicles (UAVs) and drones, cybersecurity measures for critical infrastructure, international collaboration and information sharing.

Rising Territorial Conflicts Fuel Growth In Border Security Market

The rising instances of territorial conflicts are expected to propel the growth of the border security market going forward. Territorial conflicts refer to disputes or disagreements between countries or other political entities over the control, ownership, or sovereignty of a specific piece of land or territory. These conflicts can arise from historical, political, ethnic, economic, or strategic reasons. Border security measures are often utilized in territorial conflicts to assert control over disputed territories, defend national borders, manage potential security threats, and enhance control and surveillance capabilities. For instance, in March 2023, according to ReliefWeb, a US-based digital service for the coordination of humanitarian affairs, terrorist attacks became more deadly in 2022, killing on average 1.7 people per attack in 2022 compared to 1.3 deaths in 2021. Therefore, the growing pharmaceutical industry is driving the growth of the border security market. Major companies operating in the border security market are Cobham plc., Raytheon Technologies, Airbus SE, Lockheed Martin, General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems, Safran SA, Thales Group, L3Harris Technologies, Leonardo SpA, Leidos, Booz Allen Hamilton Inc, Motorola Solutions Inc, Harris Corporation (now part of L3Harris Technologies), Elbit Systems, Rheinmetall AG, CACI International Inc, FLIR Systems (now part of Teledyne Technologies), Macquarie Group Limited (Macquarie Infrastructure and Real Assets), Israel Aerospace Industries (IAI), Saab AB, Palantir Technologies, Cubic Corporation, Smiths Detection, OSI Systems Inc, Rapiscan Systems

Strategic Partnerships Revolutionize Border Security

Major companies operating in border security are adopting a strategic partnership approach to provide comprehensive solutions and address the complex challenges associated with border control. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in February 2023, BAE Systems, a UK-based aerospace company, partnered with the Home Office., a UK-based government department. With this partnership, they aim to assist in detecting national security threats at the UK border and to develop a project called Cerberus, which aims to secure UK borders through advanced data analytics. This three-year contract worth $49.4 million (£38 million) will provide real-time risk assessments to identify high-threat movements of goods and people and speed up the progress of low-threat goods and people, thus unlocking efficiencies for Border Force and enabling UK prosperity and flow.

Maqta Gateway LLC Acquires TTEK Inc. To Expand Global Leadership In Digital Trade Solutions

In April 2023, Maqta Gateway LLC, a United Arab Emirates-based digital trade solutions firm, acquired TTEK Inc. for an undisclosed amount. With this acquisition, Maqta Gateway LLC aims to become a global leader in digital trade solutions, offering comprehensive, secure, and efficient border control systems for governments and businesses worldwide. TTEK Inc. is a Vietnam-based developer and provider of border control and customs solutions. Asia-Pacific was the largest region in the border security market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the border security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the border security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The border security market consists of revenues earned by entities by providing services such as border patrol, surveillance and monitoring, inspection, interdiction, and enforcement. The market value includes the value of related goods sold by the service provider or included within the service offering. The delta robot market also includes sales of surveillance systems, sensors, radio systems, biometric systems, off-road vehicles, and marine patrol boats. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The border security market research report is one of a series of new reports from The Business Research Company that provides border security market statistics, including border security industry global market size, regional shares, competitors with a border security market share, detailed border security market segments, market trends and opportunities, and any further data you may need to thrive in the border security industry. This border security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Online Education Market Definition And Segments

Online education refers to a form of education delivered and facilitated through the internet or other computer-based technologies. Also known as e-learning, distance education, or virtual learning, online education allows students to access educational content, interact with instructors and peers, and complete coursework remotely without being physically present in a traditional classroom setting. The main types of online education are academic and corporate. An academic refers to a precise, formal explanation of a concept or term within a specific field of study. The various components include a laptop, mobile, and personal computer with various technologies such as mobile e-learning, learning management system, application simulation tool, rapid e-learning, podcasts, and virtual classroom. These are used in k-12, massive open online courses, small and midsize business (SMBS), large enterprises, others. The online education market covered in this report is segmented – 1) By Types: Academic, Corporate 2) By Component: Laptop, Mobile, Personal Computer 3) By Technology: Mobile E-learning, Learning Management System, Application Simulation Tool, Rapid E-learning, Podcasts, Virtual Classroom 4) By End-User: K-12, Massive Open Online Courses, Small and Midsize Business (SMBs), Large Enterprises, Other End-Users The online education market size has grown rapidly in recent years. It will grow from $55.57 billion in 2023 to $68.07 billion in 2024 at a compound annual growth rate (CAGR) of 22.5%. The growth in the historic period can be attributed to proliferation of high-speed internet and increased access to mobile devices, rising demand for education from remote, growing demand for flexible learning schedules, increased emphasis on courses and programs. The online education market size is expected to see rapid growth in the next few years. It will grow to $151.69 billion in 2028 at a compound annual growth rate (CAGR) of 22.2%. The growth in the forecast period can be attributed to increased adoption of ai and adaptive learning, continuous learning and microlearning, hybrid learning models, growing recognition of the importance of soft skills, increased government support and initiatives. Major trends in the forecast period include hybrid learning models, AI-powered personalization, skill-based and microlearning courses, virtual reality (VR) and augmented reality (AR) integration, continued growth in professional development, micro-credentials and stackable certificates.

The Impact of Increasing Internet Penetration on Online Learning Growth

Increasing internet penetration is expected to propel the growth of the online education market going forward. Internet penetration refers to the percentage of the population of a specific geographic area, such as a country or region that has access to the Internet. The increasing internet penetration can be attributed to several factors such as affordability, e-commerce development, and social media influence. Internet penetration enhances access to information, education, and economic opportunities, fostering global connectivity and digital inclusion. Online education platforms often include real-time communication features, such as live video lectures, webinars, and chat functionalities. Smartphones with reliable internet connectivity enable students to actively participate in real-time discussions and engage with instructors and peers.. For instance, in 2023, according to Meltwater, a US-based software as a service (SaaS) solution and the world's first online media monitoring company states that the median age of the United Kingdom's population is 40.0. Total internet users in the UK were 66.11 million, analysis indicates that internet users in the UK increased by 224 thousand (+0.3 percent) between 2022 and 2023. Therefore, the increasing internet penetration is driving the growth of the online education market. Major companies operating in the online education market are Microsoft Corporation, Cisco Corporation, Oracle Technologies Inc., Pearson, Citrix System, SAP SE, Byju's, McGraw-Hill Educational Services LLC, Unacademy, Aptara Corporation, Udemy Training Technologies Inc., PowerSchool Group LLC, Coursera, Blackboard Solutions Inc., Simplilearn, Toppr, Udacity Learning Solutions Inc., MasterClass, Duolingo Inc., Docebo, Tata Interactive Systems, WizIQ Inc., Treehouse Island Inc., Edmodo, OpenLearning

A Cutting-Edge SaaS Assessment Platform Reshaping Learning Experiences

Major companies operating in the online education market are developing innovative technology advancements such as the New SaaS Assessment platform to increase their profitability in this market. The platform's goal is to transform learning experiences by delivering the highest standards of engagement, equity, and evidence for instructors, administrators, and learners. For instance, in 2023, Echo360 a US-based educational technology (EdTech) company launched a New SaaS Assessment platform, EchoExam. The platform aims to provide a comprehensive and customizable summative assessment solution for education and business. It offers features such as personalized item banks, K12 standards-based questions, and custom content integrations. The platform also ensures compatibility with various devices and delivery methods, including mobile, desktop, and print.

Class Technologies Inc. Acquired Anthology For Further Expansion

In June 2022, Class Technologies Inc. a US-based software company acquired Anthology for an undisclosed amount. The acquisition aimed to bring together the industry's leading educators and technologists to deliver the next generation of virtual and hybrid learning faster and stronger than they could as two separate entities. Anthology is a US-based education technology company that offers online education. North America was the largest region in the online education market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the online education market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the online education market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. The online education market includes revenues earned by entities by providing services such as online courses and related educational services and related These services encompass a wide range of offerings such as learning management systems (LMS), interactive course content, virtual classrooms, digital textbooks, online assessments, and additional educational resources. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The online education market research report is one of a series of new reports from The Business Research Company that provides online education market statistics, including online education industry global market size, regional shares, competitors with online education market share, detailed online education market segments, market trends, and opportunities, and any further data you may need to thrive in the online education industry. This online education market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.