Microlearning Market to Reach USD 6.3 Billion, Globally by 2032 at 11.4% CAGR: Future Market Insights, Inc.

The microlearning market registered an 11.4% CAGR during the forecast period, to reach USD 6.3 Billion by the end of 2032. As COVID-19 has pushed corporates to opt for remote work procedures, the need for upskilling the workforce with the latest technological innovations and equipping them with cutting-edge innovative technologies is a must. This fuels the growth of the microlearning market.

Microlearning involves various courses, including skill-based programs, result-oriented training, and enterprise-specific programs, enhancing the workforce that improves the workflow. As the competition in industries rises, companies digitize their spaces and upskill their workforce. This skilled workforce enhances productivity and makes the work more efficient and easier, helping the business expand its space in new market spaces.

Different elements of a business such as processes, compliances, security, machines, hardware, and software are connected to technicians, IT experts, workers, drivers, and other workers. Microlearning makes these workers aware of the various components of a company and their work, unifying them to get better results.

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Integrating multiple technologies like artificial intelligence, AR, VR, and gamification with ed-tech platforms is expected to expand the microlearning market in new industries while making learning easy, accessible, and systematic. Lack of awareness and impetus amongst workers, along with low capital investment by corporate players, are declining the growth of the microlearning market as COVID-19 has damaged various types of businesses.

Key Takeaways from the Microlearning Market Report:

  • Manufacturing from the microlearning market’s vertical category is the biggest segment in the category and will hold the largest market space in the forecast period.
  • On-premise from the microlearning market’s type category is the biggest segment in the category and will hold the prominence space in the forecast period.
  • USA, Canada, Japan, China, and Europe hold a 6% CAGR that is estimated for the slurry segment of the transporting media category.
  • Asia Pacific is the emerging market space in the microlearning market, attributed to the higher return on investment (ROI), talent development, and increased upskill training.
  • The market size for the microlearning market in China is expected to reach USD 1.16 Billion by 2032, growing at a CAGR of 11.8% during the research period.
  • The market size of the microlearning market in the United States is expected to reach USD 1.66 Billion by 2032.
  • Canada’s microlearning market is expected to thrive at a CAGR of 10.4% over the forecast period.
  • Japan’s microlearning market is expected to flourish at a CAGR of 10.8% during the research period (2022-2032).
  • Germany is anticipated to grow slowly at a CAGR of 8.9% between 2022 and 2032.

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Leading Key Players:

  • Saba Software
  • Mindtree
  • Axonify
  • IBM
  • Bigtincan

Microlearning Market Segmentation:

By Component:

  • Solution
  • Services
    • Consulting and Implementation Services
    • Support and Maintenance Services

By Deployment Type:

  • On-premises
  • Cloud

By Organization Size:

  • SMEs
  • Large Enterprises

By Industry:

  • Retail
  • Manufacturing and Logistics
  • BFSI
  • Telecom and IT
  • Healthcare and Life Sciences
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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