Dublin, Dec. 06, 2024 (GLOBE NEWSWIRE) -- The "Microlearning - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Microlearning was estimated at US$3.4 Billion in 2023 and is projected to reach US$7.9 Billion by 2030, growing at a CAGR of 12.5% from 2023 to 2030.
Advancements in technology have played a significant role in the rapid adoption of microlearning. Mobile learning platforms, artificial intelligence (AI), and learning management systems (LMS) have made it easier to deliver and track microlearning content. Mobile learning, in particular, has emerged as a critical component of microlearning strategies, as it allows learners to access content anytime and anywhere, providing greater flexibility and convenience.
With the growing use of smartphones and tablets, mobile-friendly microlearning content is becoming a cornerstone of modern educational and corporate training programs. AI and machine learning (ML) are also transforming microlearning by personalizing the learning experience for individuals. By analyzing learner data, AI-driven platforms can recommend tailored microlearning modules that address specific knowledge gaps or reinforce areas where learners need improvement. Additionally, gamification, which incorporates game-like elements such as rewards, points, and leaderboards, is enhancing learner engagement and motivation, making the learning process more enjoyable and effective.
How Do Market Segments Define the Growth of Microlearning?
Types of microlearning solutions include content creation tools, LMS platforms, and mobile learning applications. Content creation tools allow organizations to design and deliver customized microlearning modules, while LMS platforms enable the management and tracking of employee progress. Mobile learning applications are critical for providing learners with on-the-go access to training materials, making them particularly useful in industries where employees work remotely or travel frequently. In terms of application, corporate training is the largest segment, with companies adopting microlearning to train employees on topics such as compliance, product knowledge, and leadership development.
The education sector is also a significant market, with schools and universities integrating microlearning into their curriculums to enhance student engagement. End-users of microlearning solutions include large enterprises, small and medium-sized businesses (SMBs), and educational institutions, with large enterprises leading the adoption due to their need for scalable and flexible training solutions.
What Factors Are Driving the Growth in the Microlearning Market?
The growth in the microlearning market is driven by several factors, including the increasing demand for corporate training solutions that are more effective, engaging, and convenient. As companies face rapid technological advancements and global competition, the need for continuous learning and upskilling has become critical. Microlearning offers a cost-effective and time-efficient solution for delivering training content that aligns with the modern workforce's needs.
Additionally, the proliferation of mobile devices, advancements in AI and personalized learning, and the growing emphasis on employee engagement and retention are fueling the adoption of microlearning across industries.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Solutions Component segment, which is expected to reach US$4.5 Billion by 2030 with a CAGR of a 12.1%. The Services Component segment is also set to grow at 13.1% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $937.9 Million in 2023, and China, forecasted to grow at an impressive 11.9% CAGR to reach $1.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Key Questions Answered:
- How is the Global Microlearning Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Global Microlearning Market such as AlertDriving, Aptara Inc., Axonify Inc., Bigtincan, Cornerstone and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 53 companies featured in this Global Microlearning market report include:
- AlertDriving
- Aptara Inc.
- Axonify Inc.
- Bigtincan
- Cornerstone
- count5
- Epignosis
- Gnowbe
- IBM Corporation
- iSpring Solutions Inc.
- Mindtree.com
- mLevel
- Multiversity
- Neovation Corporation
- pryor.com
- Qstream, Inc.
- Saba Software
- SwissVBS
- Trivantis
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 99 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $3.4 Billion |
| Forecasted Market Value (USD) by 2030 | $7.9 Billion |
| Compound Annual Growth Rate | 12.5% |
| Regions Covered | Global |
Key Topics Covered:
1. MARKET OVERVIEW
- World Market Trajectories
- Global Economic Update
- Microlearning - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Rising Demand for Bite-Sized Learning Solutions Spurs Growth in Microlearning Market
- Technological Advancements in Mobile Learning Platforms Strengthen Business Case for Microlearning Adoption
- Growing Focus on Personalized and On-Demand Learning Expands Addressable Market for Microlearning Solutions
- Expansion of Microlearning in Corporate Training and Professional Development Fuels Market Growth
- Increasing Adoption of Microlearning in Education and E-Learning Platforms Expands Market Opportunities
- Technological Innovations in AI-Driven and Gamified Microlearning Propel Market Expansion
- Rising Focus on Enhancing Employee Engagement and Retention Drives Demand for Microlearning
- Growing Use of Microlearning in Remote and Hybrid Work Environments Expands Market Potential
- Focus on Reducing Training Time and Enhancing Knowledge Retention Strengthens Market for Microlearning
- Rising Adoption of Video-Based and Interactive Microlearning Modules Expands Addressable Market
- Technological Advancements in Cloud-Based and Mobile-First Learning Platforms Propel Market Growth
- Increasing Focus on Regulatory Compliance and Skill Certification Drives Adoption of Microlearning in Regulated Industries
- Expansion of Microlearning in Soft Skills Training, Compliance Training, and Leadership Development Expands Market Opportunities
4. GLOBAL MARKET PERSPECTIVE
For more information about this report visit https://www.researchandmarkets.com/r/2i9c9z
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