The global microlearning market is positioned for a consistent growth trajectory, projecting a steadfast Compound Annual Growth Rate (CAGR) of 11.2%. This progression is expected to elevate the market’s value from US$ 1.9 billion in 2021 to a substantial US$ 6.3 billion by 2032.
The imperative to educate deskless and mobile workers is a pivotal driver propelling the advancement of the global microlearning sector.
Addressing the educational needs of deskless and mobile workers within diverse organizations worldwide stands as a significant force propelling the global microlearning market forward. Additionally, the escalating demand for skill-centric and outcome-driven training, capable of delivering measurable results, emerges as another substantial factor propelling market expansion.
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Connecting Elements for Enhanced Business Performance
Microlearning serves as a connecting thread that weaves together various facets of a business, encompassing processes, compliances, security, machinery, hardware, and software. This integration involves a diverse range of professionals including technicians, IT experts, workers, drivers, and more. The essence of microlearning lies in enlightening these individuals about different components within a company and their roles, fostering unity and yielding improved outcomes.
Technological Synergy: Catalyst for Microlearning Expansion
The integration of advanced technologies such as artificial intelligence, augmented reality, virtual reality, and gamification into educational technology platforms is poised to extend the boundaries of the microlearning market into new industries. This integration not only simplifies learning but also ensures accessibility and systematic knowledge dissemination. However, challenges like worker awareness, incentive issues, and limited corporate investment have somewhat slowed the growth of the microlearning market, exacerbated by the impact of the COVID-19 pandemic on various business domains.
Key Insights:
- Within the vertical category of the microlearning market, manufacturing stands as the largest segment and is anticipated to maintain this prominence throughout the forecast period.
- On-premise solutions lead the microlearning market’s type category and are set to maintain their significance over the forecast period.
- Notably, the slurry segment of the media transport category is projected to experience a 6% Compound Annual Growth Rate (CAGR) in regions including the USA, Canada, Japan, China, and Europe.
- Asia Pacific emerges as a burgeoning market space in the microlearning sector, attributed to higher Return on Investment (ROI), talent development initiatives, and the surge in upskilling training.
- Projections indicate that the microlearning market size in China is expected to reach US$ 1.16 billion by 2032, showcasing a robust CAGR of 11.8% during the research period.
- The United States’ microlearning market size is predicted to hit US$ 1.66 billion by 2032.
- Canada’s microlearning market is projected to thrive with a CAGR of 10.4% over the forecast period.
- Japan’s microlearning market is set to flourish with a CAGR of 10.8% during the research span from 2022 to 2032.
- Germany’s growth trajectory is anticipated to be more gradual, with a CAGR of 8.9% between 2022 and 2032.
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Competitive Arena: Microlearning Market
The research has identified several key contenders in the microlearning market. Notable competitors include Qstream Inc, AlertDriving, Aptara Inc, Axonify Inc, Bigtincan, Cornerstone, Epignosis, IBM Corporation, Mindtree.com, pryor.com, Saba Software, SwissVBS, Gnowbe, mLevel, and Neovation Corporation.
Key Segments
By Component:
- Solution
- Services
- Consulting and Implementation Services
- Support and Maintenance Services
By Deployment Type:
- On-premises
- Cloud
By Organization Size:
- SMEs
- Large Enterprises
By Industry:
- Retail
- Manufacturing and Logistics
- BFSI
- Telecom and IT
- Healthcare and Life Sciences
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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