Microlearning Market

Microlearning Market size is forecast to reach USD 4,113 million by 2026, estimated to grow at a CAGR of 13.6% during 2019-2026.

Microlearning Market Overview

Microlearning is a method of teaching in order to deliver specific content to learner in small modules. Microlearning divided big topic into small topics and learner have the control what and when they are learning. Microlearning allows the learner to learn nuggets of valuable information in short period of time. In other words, in microlearning, you will get your e-learning in small doses with small learning material. Microlearning includes audio, video, text, quizzes, games etc. It helps organisation across industries to enhance performance of their employees through small chucks of learning modules.

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Major Microlearning Market Drivers

The key factors that are driving microlearning market growth during forecast period are increasing e-learning enrolment in higher education, paradigm shift towards microlearning from traditional method of learning and corporates are undergoing a transformation in learning methodology. In addition, gamification in learning in order to enhance learning experience and rising demand for skill-based, short duration courses among organisations are also fuelling the growth of the market. For instance, In Jun 2018, Bigtincan acquired Zunos to develop training platform for sales, services and partner. However, lack of awareness about microlearning, and high investment cost to transform their existing content into microlearning are hindering the market growth during forecast period.

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Top Market Players

Various notable players in the market includes Saba Software Inc., Mindtree Limited, Axonify Inc., Bigtincan, IBM Corporation, SwissVBS, iSpring Solutions Inc., Epignosis LLC, Cornerstone OnDemand Inc., Qstream Inc., and among others. Major players are focussing on product launch, acquisition, collaboration to expand their global reach and become a market competitive. For instance, In May 2017, Saba Software acquired Halogen Software to provide talent management platform.

Segments covered in the Report:

The Global Microlearning market has been segmented by component, deployment, industry and key geographies. Based on component, the market comprises of software and services. Based on deployment, the market is segmented into on-cloud and on-premises. Based on Industry, Retail, Manufacturing and Logistics. BFSI, IT and Telecommunication and others.

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The research report “Global Microlearning market” provides in-depth analysis of the global Microlearning market based on component, deployment, industry and major geographies for the forecast period from 2019 to 2026. The report also highlights the major market drivers propelling the growth as well as challenges faced by market participants. The research report provides market size and forecast for the global Microlearning market. In addition, the report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.

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Key questions answered in this research report:

• •  At what pace is global Microlearning market growing? What will be growth trend in future?
  •  What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
  •  What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Microlearning market?
  •  What are the various application areas and how they are poised to grow?

Market Segmentation

• By Component

o Software
o Services

• By Deployment

o On-Cloud
o On-Premises

• By Industry

o Retail
o Manufacturing and Logistics
o BFSI
o IT and Telecommunication
o Others

• By Geography

• North America
As a part of customization

o By Component
o By Deployment
o By Industry
o US
o Canada
o Mexico

• Europe
As a part of customization

o By Component
o By Deployment
o By Industry
o UK
o Germany
o Spain
o Rest of Europe

• Asia-Pacific
As a part of customization

o By Component
o By Deployment
o By Industry
o China
o Australia
o India
o Rest APAC

• ROW
As a part of customization

o By Component
o By Deployment
o By Industry
o Brazil
o South Africa
o GCC countries
o Rest of world (remaining countries of LAMEA region)

Leading Market Players

• Saba Software Inc
• Mindtree Limited
• Axonify Inc.
• Bigtincan
• IBM Corporation
• SwissVBS
• iSpring Solutions Inc.
• Epignosis LLC
• Cornerstone OnDemand Inc.
• Qstream Inc.