Microlearning Market size was valued at US$ 2.26 Bn. in 2021 and the total revenue is expected to grow at 13% through 2022 to 2029, reaching nearly US$ 6.00 Bn.Microlearning Market Overview:
The Microlearning Market was valued at USD 2.26 billion in 2021, and is predicted to grow at a CAGR of 13 percent to USD 4.71 billion by 2029. The Microlearning Market is studied by segments like Component (Solution, Services), Deployment (On-Premise, Cloud) and Region (North America, Europe, Asia-Pacific, and Rest of the World). The report consists of the Trend, Forecast, Competitive Analysis, and Growth Opportunities of the market. For the forecast period of 2021 to 2029, the report provides a complete analysis that reflects today's Microlearning Market realities and future market prospects. To provide a comprehensive perspective of the market, the research segments and analyses it in great detail. The key data and observations offered in the study can help market participants and investors identify low-hanging fruit in the market and build growth strategies.To know about the Research Methodology:-Request Free Sample Report Covid-19 Impact on Microlearning Market: In order to prevent the spread of the COVID-19 virus, various governments had enforced rigorous shutdowns, lockdowns, and movement restrictions. Microlearning solutions are projected to be in high demand, according to vendors. As a result of the pandemic, schools all around the world had been closed. Approximately 1.2 billion schoolchildren in 186 countries had their classes closed due to the pandemic. Some were wondering whether microlearning adoption will continue post-pandemic, and how such a transition may affect global sales of microlearning products, given the abrupt shift away from the classroom in many parts of the world. Prior to COVID-19, microlearning technology had already seen rapid growth and adoption, with global EdTech investments topping USD 18.66 billion. However, there has been a significant increase in the use of language apps, video conferencing tools, virtual tutoring, and microlearning software since COVID-19. The lockdown has resulted in a considerable surge in the number of students enrolled in online learning institutes. Microlearning has benefited greatly from Covid-19 in a variety of end-user industries, and the industry will continue to grow in the future. Microlearning Market Dynamics: The market has been driven by the increasing acceptance and availability of cloud, which provides the platform & infrastructure to overcome the scaling limitations of on-premise microlearning experience. Microlearning is also becoming more widely used in current apps and platforms, such as gamification enabling customer engagement and value creation. Furthermore, millennials' increasing demand for great flexibility and variety of occupations has led in half of the workforce being made up of freelancers who change jobs frequently and combine multiple tasks at different businesses rather than working extended hours. As a result, microlearning solution vendors are increasingly targeting these freelancers. For example, currently, firms' website recruitment pages give information about open opportunities as well as a dashboard with online courses that prepare the candidate for the job. All UN agencies now use two-hour online courses broken into 5 to 10-minute parts to be completed by the applicants within a one-week timeframe at their own pace, as per the International Training Centre. Microlearning's rapid rise is owing to a rise in the number of smartphones & mobile devices, which has provided a large base for gamification in the evolving microlearning industry. The high awareness of gamification systems as a strategy to build human behavior to induce productivity, innovation, or engagement is fueling this expansion. During the projected period, enterprise gamification in productivity, training, and skill enhancement is expected to grow significantly. Collaboration systems, which do not generate a competitive climate and are often considered counterproductive, have shown a strong preference among organizations. Gamification in microlearning systems also serves as a useful tool for enhancing employee overall productivity through a variety of approaches, such as rewards for work completion in project management and data contribution or access in knowledge management. However, due to a lack of academic research in the field, the industry is also experiencing a lack of standardized criteria for the application of gamification.
Microlearning Market Segment Analysis:
Based on Component, the Microlearning Market is classified into Solution and Services. By 2029, the solution sector by component is predicted to be the market leader, with a CAGR of 11.2 %. Employees can learn information while on the job thanks to microlearning sales, which boosts overall business productivity. Technicians, manufacturing workers, drivers, and other employees attend a short series of training seminars to quickly become familiar with machines, processes, and regulations. Based on Deployment, the Microlearning Market is classified into On-Premise and Cloud. During the projected period, the on-premise type is predicted to have the most market share. The client organization's server hosts the on-premises microlearning solution; nevertheless, the user or buyer must purchase a license to access microlearning solution, which is also customizable. The buyer's internal IT personnel handles the setup and maintenance, and the buyer has complete control over the microlearning system. Enterprises can use the on-premises microlearning system to produce, store, & deliver business-critical data while also controlling access to training programs. On-premises microlearning solutions are losing market dominance as these systems need large upfront investments & long-term developer commitment. Enterprises that rely on the ongoing availability of a learning system for the success of their business processes utilize an on-premises microlearning solution. By using an on-premises microlearning system, businesses get more control over the infrastructure expenditures they make, as well as lower total network costs.Microlearning Market Regional Insights:
The eLearning market in North America accounts for roughly 40% of the total market. It is rising as a result of many firms' rapid technological adoption and failure to give proper training to their staff. Microlearning providers in this region will benefit greatly from the expansion of e-learning. The rising penetration of digital gadgets is another determining element. The number of smartphone users in North America is predicted to reach more than 328 million by 2029, according to the GSMA. Furthermore, by 2029, the region's mobile subscriber (86 percent) and internet (80 percent) penetration rates may rise to the second highest globally. The virtual reality market in this region will benefit from increased device penetration. Due to the broad usage of portable devices across sectors and verticals, and the simplicity with which they can be used on a daily basis, Europe is expected to be the second largest market during the study period. Microlearning firms can help cut down the spendings on employee training by using mobile devices to teach workers who are located in multiple locations at the same time. Because of these advantages, area firms are quickly adopting personalized learning as a feasible alternative to traditional training methods. Microlearning solutions are becoming increasingly popular in Asia Pacific (APAC). Organizations in APAC are working hard to improve their Return on Investment (ROI) on the talent development & staff training while also achieving measurable business objectives. Numerous companies prefer tech-enabled learning approaches for providing resources and training to their learners, while they have limited learning budgets. By providing a customised learning environment, some learning solution companies are increasing their reach and investigating opportunities in APAC. Objective: To understand the Microlearning industry and study the market trends. Focusing on the regional market and other segmentations, knowing the drivers and challenges of the same. Understanding the market segment geographically to gauge the growth potential. The report includes analytical models like the Porter’s Five Forces, which helps in understanding the operating environment of the competition in the Microlearning Market and thereby study the stakeholders to derive an efficient strategy; and PESTLE Analysis to gain a macro perspective of the Microlearning Industry in terms of political aspects like Government stability, policies, trade regulation and economic aspects like market trends, taxes and inflation. It also provides the effect of environmental factors and influence of social and legal aspects on the Microlearning Market.Microlearning Market Scope:Inquire before buying
Global Microlearning Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 2.26 Bn. Forecast Period 2022 to 2029 CAGR: 13% Market Size in 2029: US $ 6.00 Bn. Segments Covered: by Component • Solutions • Services by Deployment • On-Premise • Cloud Microlearning Market, by Region
• North America • Europe • Asia Pacific • Middle East and Africa • South AmericaMicrolearning Market Key Players
• IBM Corporation (US) • Bigtincan (US) • SwissVBS (Canada) • Pryor Learning Solutions (US) • Count5 (US) • Crossknowledge (US) • mLevel (US) • Gnowbe (Singapore) • Saba Software (US) • Mindtree (US) • Axonify (Canada) • iSpring Solutions (US) • Epignosis (US) • Cornerstone OnDemand (US) • Qstream (US) Frequently Asked Questions: 1] What segments are covered in the Microlearning Market report? Ans. The segments of Component, Deployment and Region are covered in the Microlearning Market report. 2] Which Region is expected to hold the highest share in the Microlearning Market? Ans. The North America region is expected to hold the highest share in the Microlearning Market. 3] What is the market size of the Microlearning Market by 2029? Ans. The market size of the Microlearning Market is expected to reach USD 6.00 Bn by 2029. 4] What is the forecast period for the Microlearning Market? Ans. The forecast period for the Microlearning Market is 2021-2029. 5] What was the market size of the Microlearning Market in 2021? Ans. The market size of the Microlearning Market in 2021 was USD 2.26 Bn.
1. Microlearning Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Microlearning Market: Dynamics 2.1. Microlearning Market Trends by Region 2.1.1. North America Microlearning Market Trends 2.1.2. Europe Microlearning Market Trends 2.1.3. Asia Pacific Microlearning Market Trends 2.1.4. Middle East and Africa Microlearning Market Trends 2.1.5. South America Microlearning Market Trends 2.2. Microlearning Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Microlearning Market Drivers 2.2.1.2. North America Microlearning Market Restraints 2.2.1.3. North America Microlearning Market Opportunities 2.2.1.4. North America Microlearning Market Challenges 2.2.2. Europe 2.2.2.1. Europe Microlearning Market Drivers 2.2.2.2. Europe Microlearning Market Restraints 2.2.2.3. Europe Microlearning Market Opportunities 2.2.2.4. Europe Microlearning Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Microlearning Market Drivers 2.2.3.2. Asia Pacific Microlearning Market Restraints 2.2.3.3. Asia Pacific Microlearning Market Opportunities 2.2.3.4. Asia Pacific Microlearning Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Microlearning Market Drivers 2.2.4.2. Middle East and Africa Microlearning Market Restraints 2.2.4.3. Middle East and Africa Microlearning Market Opportunities 2.2.4.4. Middle East and Africa Microlearning Market Challenges 2.2.5. South America 2.2.5.1. South America Microlearning Market Drivers 2.2.5.2. South America Microlearning Market Restraints 2.2.5.3. South America Microlearning Market Opportunities 2.2.5.4. South America Microlearning Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Microlearning Industry 2.8. Analysis of Government Schemes and Initiatives For Microlearning Industry 2.9. Microlearning Market Trade Analysis 2.10. The Global Pandemic Impact on Microlearning Market 3. Microlearning Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Microlearning Market Size and Forecast, by Component (2022-2029) 3.1.1. Solutions 3.1.2. Services 3.2. Microlearning Market Size and Forecast, by Deployment (2022-2029) 3.2.1. On-Premise 3.2.2. Cloud 3.3. Microlearning Market Size and Forecast, by Region (2022-2029) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Microlearning Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Microlearning Market Size and Forecast, by Component (2022-2029) 4.1.1. Solutions 4.1.2. Services 4.2. North America Microlearning Market Size and Forecast, by Deployment (2022-2029) 4.2.1. On-Premise 4.2.2. Cloud 4.3. North America Microlearning Market Size and Forecast, by Country (2022-2029) 4.3.1. United States 4.3.1.1. United States Microlearning Market Size and Forecast, by Component (2022-2029) 4.3.1.1.1. Solutions 4.3.1.1.2. Services 4.3.1.2. United States Microlearning Market Size and Forecast, by Deployment (2022-2029) 4.3.1.2.1. On-Premise 4.3.1.2.2. Cloud 4.7.2. Canada 4.3.2.1. Canada Microlearning Market Size and Forecast, by Component (2022-2029) 4.3.2.1.1. Solutions 4.3.2.1.2. Services 4.3.2.2. Canada Microlearning Market Size and Forecast, by Deployment (2022-2029) 4.3.2.2.1. On-Premise 4.3.2.2.2. Cloud 4.7.3. Mexico 4.3.3.1. Mexico Microlearning Market Size and Forecast, by Component (2022-2029) 4.3.3.1.1. Solutions 4.3.3.1.2. Services 4.3.3.2. Mexico Microlearning Market Size and Forecast, by Deployment (2022-2029) 4.3.3.2.1. On-Premise 4.3.3.2.2. Cloud 5. Europe Microlearning Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Microlearning Market Size and Forecast, by Component (2022-2029) 5.2. Europe Microlearning Market Size and Forecast, by Deployment (2022-2029) 5.3. Europe Microlearning Market Size and Forecast, by Country (2022-2029) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Microlearning Market Size and Forecast, by Component (2022-2029) 5.3.1.2. United Kingdom Microlearning Market Size and Forecast, by Deployment (2022-2029) 5.3.2. France 5.3.2.1. France Microlearning Market Size and Forecast, by Component (2022-2029) 5.3.2.2. France Microlearning Market Size and Forecast, by Deployment (2022-2029) 5.3.3. Germany 5.3.3.1. Germany Microlearning Market Size and Forecast, by Component (2022-2029) 5.3.3.2. Germany Microlearning Market Size and Forecast, by Deployment (2022-2029) 5.3.4. Italy 5.3.4.1. Italy Microlearning Market Size and Forecast, by Component (2022-2029) 5.3.4.2. Italy Microlearning Market Size and Forecast, by Deployment (2022-2029) 5.3.5. Spain 5.3.5.1. Spain Microlearning Market Size and Forecast, by Component (2022-2029) 5.3.5.2. Spain Microlearning Market Size and Forecast, by Deployment (2022-2029) 5.3.6. Sweden 5.3.6.1. Sweden Microlearning Market Size and Forecast, by Component (2022-2029) 5.3.6.2. Sweden Microlearning Market Size and Forecast, by Deployment (2022-2029) 5.3.7. Austria 5.3.7.1. Austria Microlearning Market Size and Forecast, by Component (2022-2029) 5.3.7.2. Austria Microlearning Market Size and Forecast, by Deployment (2022-2029) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Microlearning Market Size and Forecast, by Component (2022-2029) 5.3.8.2. Rest of Europe Microlearning Market Size and Forecast, by Deployment (2022-2029) 6. Asia Pacific Microlearning Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Microlearning Market Size and Forecast, by Component (2022-2029) 6.2. Asia Pacific Microlearning Market Size and Forecast, by Deployment (2022-2029) 6.7. Asia Pacific Microlearning Market Size and Forecast, by Country (2022-2029) 6.3.1. China 6.3.1.1. China Microlearning Market Size and Forecast, by Component (2022-2029) 6.3.1.2. China Microlearning Market Size and Forecast, by Deployment (2022-2029) 6.3.2. S Korea 6.3.2.1. S Korea Microlearning Market Size and Forecast, by Component (2022-2029) 6.3.2.2. S Korea Microlearning Market Size and Forecast, by Deployment (2022-2029) 6.3.3. Japan 6.3.3.1. Japan Microlearning Market Size and Forecast, by Component (2022-2029) 6.3.3.2. Japan Microlearning Market Size and Forecast, by Deployment (2022-2029) 6.3.4. India 6.3.4.1. India Microlearning Market Size and Forecast, by Component (2022-2029) 6.3.4.2. India Microlearning Market Size and Forecast, by Deployment (2022-2029) 6.3.5. Australia 6.3.5.1. Australia Microlearning Market Size and Forecast, by Component (2022-2029) 6.3.5.2. Australia Microlearning Market Size and Forecast, by Deployment (2022-2029) 6.3.6. Indonesia 6.3.6.1. Indonesia Microlearning Market Size and Forecast, by Component (2022-2029) 6.3.6.2. Indonesia Microlearning Market Size and Forecast, by Deployment (2022-2029) 6.3.7. Malaysia 6.3.7.1. Malaysia Microlearning Market Size and Forecast, by Component (2022-2029) 6.3.7.2. Malaysia Microlearning Market Size and Forecast, by Deployment (2022-2029) 6.3.8. Vietnam 6.3.8.1. Vietnam Microlearning Market Size and Forecast, by Component (2022-2029) 6.3.8.2. Vietnam Microlearning Market Size and Forecast, by Deployment (2022-2029) 6.3.9. Taiwan 6.3.9.1. Taiwan Microlearning Market Size and Forecast, by Component (2022-2029) 6.3.9.2. Taiwan Microlearning Market Size and Forecast, by Deployment (2022-2029) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Microlearning Market Size and Forecast, by Component (2022-2029) 6.3.10.2. Rest of Asia Pacific Microlearning Market Size and Forecast, by Deployment (2022-2029) 7. Middle East and Africa Microlearning Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Microlearning Market Size and Forecast, by Component (2022-2029) 7.2. Middle East and Africa Microlearning Market Size and Forecast, by Deployment (2022-2029) 7.7. Middle East and Africa Microlearning Market Size and Forecast, by Country (2022-2029) 7.7.1. South Africa 7.3.1.1. South Africa Microlearning Market Size and Forecast, by Component (2022-2029) 7.3.1.2. South Africa Microlearning Market Size and Forecast, by Deployment (2022-2029) 7.7.2. GCC 7.3.2.1. GCC Microlearning Market Size and Forecast, by Component (2022-2029) 7.3.2.2. GCC Microlearning Market Size and Forecast, by Deployment (2022-2029) 7.7.3. Nigeria 7.3.3.1. Nigeria Microlearning Market Size and Forecast, by Component (2022-2029) 7.3.3.2. Nigeria Microlearning Market Size and Forecast, by Deployment (2022-2029) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Microlearning Market Size and Forecast, by Component (2022-2029) 7.3.4.2. Rest of ME&A Microlearning Market Size and Forecast, by Deployment (2022-2029) 8. South America Microlearning Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Microlearning Market Size and Forecast, by Component (2022-2029) 8.2. South America Microlearning Market Size and Forecast, by Deployment (2022-2029) 8.7. South America Microlearning Market Size and Forecast, by Country (2022-2029) 8.3.1. Brazil 8.3.1.1. Brazil Microlearning Market Size and Forecast, by Component (2022-2029) 8.3.1.2. Brazil Microlearning Market Size and Forecast, by Deployment (2022-2029) 8.3.2. Argentina 8.3.2.1. Argentina Microlearning Market Size and Forecast, by Component (2022-2029) 8.3.2.2. Argentina Microlearning Market Size and Forecast, by Deployment (2022-2029) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Microlearning Market Size and Forecast, by Component (2022-2029) 8.3.3.2. Rest Of South America Microlearning Market Size and Forecast, by Deployment (2022-2029) 9. Global Microlearning Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Microlearning Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. IBM Corporation (US) 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Bigtincan (US) 10.3. SwissVBS (Canada) 10.4. Pryor Learning Solutions (US) 10.5. Count5 (US) 10.6. Crossknowledge (US) 10.7. mLevel (US) 10.8. Gnowbe (Singapore) 10.9. Saba Software (US) 10.10. Mindtree (US) 10.11. Axonify (Canada) 10.12. iSpring Solutions (US) 10.13. Epignosis (US) 10.14. Cornerstone OnDemand (US) 10.15. Qstream (US) 11. Key Findings 12. Industry Recommendations 13. Microlearning Market: Research Methodology 14. Terms and Glossary