Global 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.
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.
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Competitive Dashboard
The Key Players are Bigtincan (US), Count5 (US),
SwissVBS (Canada), Pryor Learning Solutions (US), Gnowbe (Singapore),
Crossknowledge (US), mLevel (US), Saba Software (US), Axonify (Canada), iSpring
Solutions (US), Mindtree (US), Epignosis
(US), IBM Corporation (US), Cornerstone OnDemand (US) and Qstream (US). The
major strategies implemented by most of the players are agreements,
partnerships, and collaborations.
The other players in the market are Multiversity
(India), Gameffective (US), EdApp (Australia), Grovo (US), SweetRush (US),
Trivantis (US), Neovation Learning Solutions (Canada) among others.
Market Segmentation
The Global Micro-Learning Market has been segmented
based on Vertical, Deployment, Component, Organization Size, and Region.
The global demand for micro-learning has been
divided by Component into products and services. The division of resources was
further broken down into two segments: consultation and implementing, and
support and maintenance.
The Global Micro-Learning Market was broken down
into cloud and on-premise by implementation. Over the forecast period, the
on-site microlearning solution had a greater market share as these solutions
allow companies to develop, store and deliver business-critical data on the
server of the company and track access to training programs.
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.
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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