Global Microlearning Market, By Component (Solution and Services), Organization Size (Large Enterprises and SMEs), Deployment Type (On-Premises and Cloud), Industry (Retail, Manufacturing and Logistics, BFSI, Telecom and IT, Healthcare and Life Sciences and Others), and Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Microlearning Market
The microlearning market is expected to witness market growth at a rate of 12.7% in the forecast period of 2021 to 2028. Data Bridge Market Research report on microlearning market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the traction for personalized and adaptive microlearning is escalating the growth of microlearning market.
Microlearning is known to be the process of skilling and training workers in an enterprise by guiding them through particular training devices. It involves in giving them smaller or micro information sets to enhance their understanding and grasping capacity.
Major factors that are expected to boost the growth of the microlearning market in the forecast period are the rise in the need for training deskless and mobile workers across industries. Furthermore, the increase in the demand for skills-based and result-oriented training amongst the enterprises is further anticipated to propel the growth of the microlearning market. Moreover, the growing utilization of AR, VR, AI and ML, and mobile technology is further estimated to cushion the growth of the microlearning market. On the other hand, the disinclination of enterprises to spend large amount on transforming current training content is further projected to impede the growth of the microlearning market in the timeline period.
In addition, the gamification of training and education to increase the acceptance of microlearning will further provide potential opportunities for the growth of the microlearning market in the coming years. However, the dearth of impetus amongst the learners which might further challenge the growth of the microlearning market in the near future.
This microlearning market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the microlearning market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Microlearning Market Scope and Market Size
The microlearning market is segmented on the basis of components, organization size, deployment type and industry. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of components, the microlearning has been segmented into solution and services. Services is further sub segmented into consulting and implementation and support and maintenance.
- On the basis of organization size, the microlearning market has been segmented into large enterprises and SMEs.
- On the basis of deployment type, the microlearning market has been segmented into on-premises and cloud.
- On the basis of Industry, the microlearning market has been segmented into retail, manufacturing and logistics, BFSI, telecom and IT, healthcare and life sciences and others.
Microlearning Market Country Level Analysis
The microlearning market is analyzed, and market size, volume information is provided by country, components, organization size, deployment type and industryas referenced above.
The countries covered in the microlearning market report are the U.S., Canada, and Mexico in North America, Brazil, Argentina, and the rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
Asia-Pacific dominates the microlearning market due to the occurrence of major key players. Furthermore, the sturdy and initiatives taken by the government will further boost the growth of the microlearning market in the region during the forecast period. North America is projected to observe significant amount of growth in the microlearning market due to the rise in the fast-technological acceptance by several organizations. Moreover, the increase in the e-learning is further anticipated to propel the growth of the microlearning market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Microlearning Market Share Analysis
The microlearning market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the microlearning market.
The major players covered in the microlearning market report are Saba Software, Axonify Inc., IBM, Bigtincan, SwissVBS, iSpring Solutions Inc., Epignosis, Cornerstone, Qstream, Inc., count5, LLC, pryor.com, mLevel, Gnowbe, Neovation Corporation, Multiversity, Trivantis, Aptara Inc. and AlertDriving among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.