Micro-learning Market Overview
According to Market Research Future, the global micro-learning market has been segmented based on component, deployment type, organization size, vertical, and region/country. Microlearning is a holistic approach for skill-based learning and education which deals with relatively small learning units. It focuses on short-term strategies specially designed for skill-based understanding/learning/education. Microlearning refers to micro-perspectives of learning, education, training, and skill development. The main benefits of micro-learning for enterprises are personalization, just-in-time learning, effective and varied learning, and affordability. Microlearning is mainly used by trainers and learning & development departments in an enterprise.
Micro-learning Market Key Players
The Key Players in the Micro-Learning Market are Axonify (Canada), iSpring Solutions (US), Epignosis (US), Cornerstone OnDemand (US), Qstream (US), Crossknowledge (US), mLevel (US), Gnowbe (Singapore), Saba Software (US), Mindtree (US), IBM Corporation (US), Bigtincan (US), SwissVBS (Canada), Pryor Learning Solutions (US), and Count5 (US).
Micro-learning Market Segments
By Component, the Global Micro-Learning Market has been divided into solutions and services. The solution segment is expected to have a higher market share during the forecast period, as enterprises are focusing on adopting training methods that are focused on a learning objective and specific skills development.
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By Deployment Type, the global micro-learning market has been divided into cloud and on-premise. The on-premises microlearning solution held the larger market share during the forecast period as these solutions enable the enterprises to create, store, and deliver business-critical data on the organization’s server and control access to training programs.
Based on organization size, the global micro-learning market has been divided into small- and medium-sized enterprises (SME) and large enterprises. The large enterprise segment is expected to hold the largest market share during the forecast period. However, the SME segment is also expected to hold a larger market as compared to its previous share across a range of verticals. This is due to the increasing awareness among SMEs regarding the advantages of microlearning that is driving the adoption of these solutions on a larger scale.
On the basis of vertical, the global micro-learning market has been divided into retail, manufacturing and logistics, banking, financial services, and insurance, telecom and IT, healthcare and life sciences, and others. The hospitals, laboratories, and research labs in the healthcare and life sciences vertical adopt these solutions and services on a larger scale as these solutions enable on-the-go learning.
Micro-learning Market Regional Analysis
By Region, the Global Micro-Learning Market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America. North America is expected to be the largest market due to the growing need for skills-based and result-oriented training among enterprises in the region.
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In the past, you had to go to an institution to study.
A Brief Overview of E-learning
According to a report by Technavio, the global E-learning market is set to grow at 17% CAGR creating an incremental growth of $131.93 billion.
The physical presence of the tutor has ceased to be a necessity now and catering new dimensions in learning.
Advantages of E-learning over traditional learning methods
E-learning mobile apps give freedom to users by allowing them to delve into the learning content via podcast, videos, and other mechanisms.
