Micro-learning Market Synopsis
According to MRFR, the Global Micro-Learning Market size was valued at USD 1.09 Billion in 2019 and is poised to record a CAGR of 14.6% during the review period. The report report will focus on Micro-learning Market size, market features, product specifications, prices, sales revenue of major manufacturers, trends, CAGR, SWOT analysis, expert review and forecast.
Micro-learning Market Highlights
There is increasing demand for less training desk and mobile workers across verticals which is a major factor responsible for market growth. Apart from that, another main factor driving the global micro-learning market is the increasing need for skill-based and result-oriented training among companies. Nonetheless, corporations’ reluctance to invest an immense amount on turning existing training content into microcontent is expected to curb market growth. The biggest incentive for the providers of micro-learning solutions is to gamify training and education. The use of advanced technologies such as AR , VR, AI, ML and mobile technology is growing, which is another sector for key players to tap into.
Micro-learning Market Covid 19 Analysis
Because of the Covid19 pandemic, schools, universities, and organizations have been compelled to close, and these associations are embracing e-learning strategies to ensure instruction proceeds. Because of the closure, web based learning organizations have seen a significant flood in enlistment. Coronavirus has made colossal opportunities for microlearning deals across an assortment of end-client areas, and therefore, the market will keep on extending in the long haul.
The report includes COVID 19 impact analysis and on-demand post-COVID analysis with the following data points:
- Impact of COVID-19 on Micro-learning industry
- End-User/ Component/Industry Trend, and Preferences
- Expert Review
- Regulatory Framework/Government Policies
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity Window
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Micro-learning Market Competitive Dashboard
- IBM Corporation (US)
- Bigtincan (US)
- SwissVBS (Canada)
- Pryor Learning Solutions (US)
- Count5 (US)
- Crossknowledge (US)
- mLevel (US)
- Gnowbe (Singapore)
- Saba Software (US)
- Mindtree (US)
- Axonify (Canada)
- iSpring Solutions (US)
- Epignosis (US)
- Cornerstone OnDemand (US)
- Qstream (US)
Micro-learning Market Segmentation
The Micro-Learning Market has been segmented based on Vertical, Deployment, Component, Organization Size, and Region.
By component, the microlearning market has been segmented as follows:
- Solution
- Services
- Consulting and Implementation
- Support and Maintenance
By organization type, the microlearning market has been segmented as follows:
- Large Enterprises
- SMEs
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By deployment type, the microlearning market has been segmented as follows:
- On-premises
- Cloud
By industry, the microlearning market has been segmented as follows:
- Retail
- Manufacturing and Logistics
- BFSI
- Telecom and IT
- Healthcare and Life Sciences
- Others (Education, Travel and Hospitality, Media and Entertainment, and Energy and Utilities)
The global micro-learning market was divided into small and medium-sized enterprises ( SMEs) and large companies, depending on the size of the organizations. During the forecast period the broad enterprise segment is projected to hold the largest market share. The SME group, however, is also expected to hold a larger market over a number of verticals as opposed to its previous share.
The global micro-learning market was divided up vertically into retail, manufacturing and logistics, finance, financial services and insurance, telecommunications and IT, healthcare and life sciences, and others.
Micro-learning Market Regional Outlook
The geographic overivew of the global micro-learning market has been done for the Middle East & Africa, North America, Europe, Asia-Pacific, and South America.
Thanks to the ever-increasing use of eLearning devices, North America has the highest market share as well as the rise of handheld computer adoption. Such tools include cell phones and tablets. Owing to the greater number of technical advancements in learning methodologies compared to Canada and Mexico, the US dominates the market in North America.
In the study era, Europe is projected to be the second-largest market, as businesses use handheld devices on a wide scale across verticals due to ease of usage. Workers located at different locations can be trained concurrently with the help of mobile devices by which the enterprises can save the expenditures for training employees. Because of these benefits, the firms are increasingly adopting microlearning over the region’s traditional methods of training. In the forecast period Asia-Pacific is projected to be the fastest-growing segment on the global micro-learning market. The demand is expected to expand at a rapid pace in countries such as China and Japan in the coming years. The the need for skill-based and result-oriented training between companies is a key driver of market growth in Asia-Pacific.
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Key Points Covered in the Report
- The Micro-Learning market conditions include main rivals, costs, and positioning for an all-round plan for insight accumulation operating in the same geography.
- The global market report includes a complete database of upcoming Micro-Learning market forecasts, based on historical data interpretation.
- It provides customers with quantified views for recent Micro-Learning market perusal.
- The Micro-Learning report is helpful in offering answers to different core questions that are essential to market participants, such as manufacturers, and end-users, distributors, in addition to helping them strategize acquisitions and leverage many growth opportunities.
- Import/export consumption, forecasts of supply & demand, cost, price, revenue, and gross margins are also impacted by this analysis.
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