According to a research report "Microlearning Market by Component (Solution and Services), Organization Size, Deployment Type, Industry (Retail, Manufacturing and Logistics, BFSI, Telecom and IT, Healthcare and Life Sciences), and Region - Global Forecast to 2024", published by MarketsandMarkets, the global microlearning market size is expected to grow from USD 1.5 billion in 2019 to USD 2.7 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 13.2% during the forecast period. Increasing demand for training deskless and mobile workers across industries and growing need for skills-based and result-oriented training among enterprises are the major factors driving the growth of the microlearning market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=127184631
The solutions segment of microlearning to
hold the highest market share during the forecast period
Corporate training
programs are undergoing a transformation in their learning methodologies.
Traditional methods of classroom training are steadily overtaken by online
methods of learning that offer flexibility to learners. Enterprises are
focusing on offering enhanced learning experience to employees through various
learning and development activities, which are more interesting and engaging.
Hence, businesses are keen on adopting training methods that are directly
inclined toward a learning objective, which focuses on particular skills or
understanding of compliance. The microlearning solution providers are competing
with each other to increase their market coverage and expand their presence in
newer markets.
Healthcare and life sciences to grow at a
significant CAGR during the forecast period
In the healthcare industry,
microlearning is used in hospitals, laboratories, and research labs to enable
on-the-go learning. Medical practitioners need to update their knowledge and
skills to provide the latest treatment to customers/patients. Keeping employees
updated about new medical devices and pharmaceutical products is another key
aspect of the training and development module in the healthcare industry.
The growing demand for advanced
eLearning technologies, such as 3D images of internal organs and live
interaction with experts, is expected to drive the demand for microlearning
solution and services in the healthcare industry, accounting for its highest
share among all the industries.
Request a Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=127184631
North
America to hold the highest market share during the forecast period
The
increase in use of eLearning tools, growth in adoption of handheld devices,
such as tablets and mobile phones, and technological advancements in learning
methodologies have boosted the growth of the microlearning market in North
America. In this region, enterprises have become more dependent on handheld
devices for better results and convenience of use. With the help of mobile
devices, multiple employees, even if they are geographically dispersed, can
simultaneously be trained. This capability has drastically helped the corporate
sector cut down expenses for the training of employees, and is one of the major
factors encouraging corporates to adopt microlearning over the traditional
training methods.
The
major vendors in the microlearning market are Saba Software (US), Mindtree
(India), Axonify (Canada), IBM (US), Bigtincan (US), SwissVBS (Canada), iSpring
Solutions (US), Epignosis (US), Cornerstone OnDemand (US), Qstream (US), Pryor
Learning Solutions (US), count5 (US), mLevel (US), Gnowbe (US), Trivantis (US),
SweetRush (US), Multiversity (India), and Neovation Learning Solutions
(Canada).
About
MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth
niche opportunities/threats which will impact 70% to 80% of worldwide
companies’ revenues. Currently servicing 7500 customers worldwide including 80%
of global Fortune 1000 companies as clients. Almost 75,000 top officers across
eight industries worldwide approach MarketsandMarkets™ for their painpoints
around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking
global high growth markets following the "Growth Engagement Model –
GEM". The GEM aims at proactive collaboration with the clients to identify
new opportunities, identify most important customers, write "Attack, avoid
and defend" strategies, identify sources of incremental revenues for both
the company and its competitors. MarketsandMarkets™ now coming up with 1,500
MicroQuadrants (Positioning top players across leaders, emerging companies,
innovators, strategic players) annually in high growth emerging segments.
MarketsandMarkets™ is determined to benefit more than 10,000 companies this
year for their revenue planning and help them take their
innovations/disruptions early to the market by providing them research ahead of
the curve.
MarketsandMarkets’s flagship competitive intelligence and market research
platform, "Knowledge Store" connects over 200,000 markets and entire
value chains for deeper understanding of the unmet insights along with market
sizing and forecasts of niche markets.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
