According to a recent report, the global online learning market is estimate to grow at 9% CAGR to more than $319 billion by 2025. The current pandemic conditions will spur the growth to higher rates as people look to remote options for learning and skill enhancement.
>>>IBM (NYSE: IBM) reported its third quarter results this week that failed to meet the market’s expectations. This was the third consecutive quarter of revenue decline for the company as it struggles to navigate through the global pandemic.
>>>The global pandemic has been a boon to EdTech companies focusing on expanding learning capabilities through an online platform. According to recent reports, the global market for higher education is valued at $2 trillion. Even before the COVID crisis, education was moving online, but the crisis has accelerated that move significantly.
>>>Several analysts expected language teaching site Duolingo to list this year. But the global economic and pandemic conditions have usurped quite a few well-laid out plans this year. It doesn’t look like Duolingo will list soon.
>>>A Fortune Business Insight report released earlier this year estimates the global DevOps tool market to grow at 19% CAGR to $15 billion by 2026. Last month, San Francisco-based PagerDuty (NYSE: PD) announced its second quarter results that impressed the market.
>>>According to a recent Frost and Sullivan report, the Big Data Analytics market is expected to grow 4.5 times from $14.9 billion in 2019 to $68.1 billion by 2025 at a CAGR of 29%. Data discovery and visualization are expected to become more mainstream in the coming years as organizations realize the importance of data prepping, data management, and data visualization as essentials for advanced analytics.
>>>According to a Research and Markets report, the global cloud computing market is expected to grow from $371.4 billion in 2020 to $832.1 billion by 2025 at a CAGR of 17.5%. The research reveals that the Covid-19 crisis has accelerated digital business transformation as organizations, educational institutions, and government agencies are all looking to cloud-based solutions and services. Enterprise cloud computing player Nutanix (Nasdaq: NTNX) is reaping the benefits of this growth.
>>>According to a report by Peerism, freelancers could represent 80% of the global workforce by 2030 compared with the current estimated 35%-40% of the workforce. The ability to work remotely and the current economic conditions are accelerating the freelance worker requirement across industries. Organizations like Upwork (NASDAQ: UPWK) are seeing increased adoption of their services.
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