Industry Background:
Microlearning platforms are corporate learning solutions employed by HR and learning and development (L&D) departments. These training solutions provide employees with short bursts of focused educational content that fit into a daily workflow and are accessible on any device. Companies can create their own content or access a pre-existing learning content library that includes a mix of video, flashcards, and performance support resources, to name a few. Increasing demand for training desk less 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 global microlearning platforms market.
According to AMA Research, the market for Microlearning Platforms is expected to register a CAGR of 12.78% during the forecast period to 2028. This growth is primarily driven by Rising Demand for Training Deskless and Mobile Workers Across Industries
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Billion) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Data Processing & Outsourcing sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as IBM (United States), Axonify Inc. (Canada), Qstream, Inc. (United States), Gnowbe Group Ltd (United States), EdApp Inc. (United States), Tovuti LMS (United States), Auzmor (United States), Kahoot! (Norway), LearnUpon (Ireland), InspireOne Technologies Pvt. Ltd (India) and Code of Talent (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In Sept. 2022 IBM announced plans to acquire Dialexa, a leading U.S. digital product engineering services firm, to help companies drive innovation and achieve their digital growth agendas. The acquisition is expected to deepen IBM's product engineering expertise and provide end-to-end digital transformation services for clients.
In September 2020 Cornerstone OnDemand launched its new microlearning platform, Cornerstone Learning Suite.The Global Microlearning Platforms Market is driven by the increasing demand for efficient and cost-effective learning solutions,
Influencing Trend:
Increasing Adoption of Microlearning Platform for Gamification of Training and Education
Market Growth Drivers:
Rising Demand for Training Deskless and Mobile Workers Across Industries and Upsurging Need for Skills-Based and Result-Oriented Training Among Enterprises
Challenges:
Lack of Impetus Among Learners and Lack of Awareness Regarding Microlearning Benefits
Restraints:
Reluctance of Enterprises to Spend Huge Amount on Transforming Existing Training Content Into Microcontent
Opportunities:
Increasing Traction for Personalized and Adaptive Microlearning and Growing Usage of AR, VR, AI, and Machine Learning, and Mobile Technology
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Microlearning Platforms Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Microlearning Platforms Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Microlearning Platforms players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Microlearning Platforms Study Sheds Light on
The Microlearning Platforms Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Microlearning Platforms industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Microlearning Platforms industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.