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 provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, SWOT analysis & micro-learning market 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 Key Players

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).
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Micro-learning Market Segmentation

The Global 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
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)
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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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