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Micro-learning Market

Micro-learning Market

by Component (Solution and Services), Services (Consulting & Implementation and Support & Maintenance), Deployment Model (On-Premises and Cloud), Enterprise Size (Large Enterprises and Small & Medium Enterprises) and Industry Vertical (BFSI, IT & Telecom, Manufacturing, Retail, Education, Media & Entertainment, Healthcare, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

Report Code: A14695
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Apr 2023 | 804 Views
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Pandemic disrupted the entire world and affected many industries.

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Micro-learning is the learning technique for training and skills development of workers in a company by training them with the help of specialized training techniques. It involves giving employees important information regarding the training to enhance their knowledge and understanding. Micro-learning is not just growing popularity in the e-learning sector, but at the same time, it is becoming increasingly viewed as a useful tool in the traditional educational system. The micro-learning technique ensures that the employee can learn new skills in less period because training sessions are of less time duration and combine various interactive activities for employee engagement. Furthermore, micro-learning helps out to change behavior and helps companies to generate more targeted and concentrated training components by extending the delivery schedules. The company offers a micro-learning platform, which is being used by different industries including retail, manufacturing, transportation, and logistics to enhance the learning and development process and enables learning to be enjoyable and interactive manner.

COVID-19 Scenario Analysis: 

  • The COVID-19 has adversely affected the growth of the industries leading to the downfall of the global economies. Various economic activities were affected because of the imposed lockdown by the government in various countries. However, the industries have adopted the latest technologies to streamline business functions. The operating business functions require skills and knowledge to manage all the processes. Therefore, the companies provide training programs to its employees to mold them according to the business requirements.
  • The micro-learning market has witnessed significant growth during the pandemic situation, owing to the adoption of the techniques by several industry verticals to train their employees about the usage of the latest technologies and the process to operate business functions. The micro-learning software assists the person in learning new skills with the help of videos & audios and the personal experience of various industry leaders. 

Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis

The increasing number of workers operating remotely around the world in various enterprises, the rise in need for implementing skill-based training, and increasing demand to educate a large number of people according to the company’s requirements are the factors driving the growth of the micro-learning market. In addition, the adoption of training techniques that are inclined toward a learning goal and concentrate on particular skills complying with the requirements of companies are propelling the growth of the market. However, the unwillingness of businesses to invest a significant amount in converting existing training content into micro-content and lack of awareness about micro-learning are the factors hampering the growth of the market. Furthermore, the continuous developments in technologies, the spread of gamification in education & training, and unexploited potential in emerging markets are providing lucrative opportunities to the growth of the micro-learning market in the forecasted period. 

The Market Trends for Micro-Learning Market:

Increased Adoption of Cloud-Based Micro-Learning Software:

Growing demand for a cost-effective solution to train workers is expected to boost the adoption of cloud-based micro-learning throughout various industry verticals. Cloud-based micro-learning is introduced on the internet, and users can access the content from the service provider’s site. Instructors can upload course content, design new courses, and interact with workers through internet browsers without any installation of management software. Cloud-based solutions are mostly preferred because of its benefits such as improved security, fewer setup costs, easy accessibility & deployment, improved storage space, the convenience of maintenance, automated up-gradation of course materials and automated licensing performed by course vendors.

North America is Expected to Lead the Market in the Forecast Period:

The North American region is expected to lead the market during the forecasted period owing to the early adoption of micro-learning programs by the companies to enhance the skills of the workforce.  The micro-learning market growth in the region is propelled mainly by the existence of IT companies & users as well as rapid technological advancements in the countries like U.S. and Canada. The presence of key market players in the micro-learning market in the region who are constantly enhancing the micro-learning courses and solutions to satisfy the needs of the customers. 

Key Benefits of the Report:

  • This study presents an analytical depiction of the micro-learning market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the micro-learning market share.
  • The current market is quantitatively analyzed to highlight the market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the micro-learning market. 
  • The report provides a detailed market analysis based on the present and future competitive intensity of the market. 

Questions Answered in the Micro-Learning Market Research Report:

  • Who are the leading market players active in the micro-learning market?
  • What would be the detailed impact of COVID-19 on the micro-learning market?
  • What current trends would influence the market in the next few years??
  • What are the driving factors, restraints, and opportunities in the micro-learning market?
  • What are the projections for the future that would help in taking further strategic steps?

Micro-learning Market Report Highlights

Aspects Details
  • Payment & Settlement
  • Data Security
  • Data Sharing & Communications
  • Asset Tracking & Management
  • Others
By Component
  • Solution
  • Services
By Service Type
  • Consulting & Implementation
  • Support & Maintenance
By Deployment Model
  • On-Premises
  • Cloud
By Enterprise Size
  • Large Enterprises
  • Small & Medium Enterprises
By Industry Vertical
  • BFSI
  • IT & Telecom
  • Manufacturing
  • Retail
  • Education
  • Media & Entertainment
  • Healthcare
  • Others
By Region
  • North America  (U.S, Canada)
  • Europe  (Germany, UK, France, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Rest of Asia-Pacific)
  • Latin America  (Brazil, Mexico, Rest of LATAM)
  • Middle East 
  • Africa 
Key Market Players International Business Machines Corporation, Epignosis LLC, Cornerstone OnDemand Inc., Axonify Inc., Bigtincan Holdings Ltd, iSpring Solutions Inc., Mindtree Ltd., Qstream Inc., Saba Software Inc., SwissVBS

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