Micro learning Platform Market Size, Share & Industry Analysis, By Component (Solution, Services, Consulting and Implementation, Support and Maintenance), By Organization Type (Large Enterprises, SMEs), By Deployment Type (On-premises, Cloud), By End-user Industry (Retail, Manufacturing and Logistics, BFSI, Telecom and IT) And Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
HR and learning and development (L&D) departments use micro learning platforms as corporate learning solutions. Short bursts of targeted instructional information that fit into a daily workflow and are accessible on any device are provided by these training solutions to employees. Companies may either produce their own material or use a pre-existing library of learning materials that contains a combination of video, animation, and text.
Micro learning platforms are not the same as corporate learning management systems (LMS) or learning experience platform (LEP) software. The challenges that LEPs and micro learning platforms assist organizations tackle, as well as their target consumers, differ. Employee-driven, computer- or desk-based instructional content is frequently provided by LEPs.
Micro learning systems, on the other hand, are designed to fit into the workflow of desk-based or desk less employees in order to assist them enhance specific role-based knowledge. Meanwhile, corporate learning management systems (LMS) are responsible for administering, managing, and reporting on corporate training, which is frequently done for compliance reasons. Micro learning platforms work with corporate LMS software to improve the learning experience for employees.
The COVID-19 epidemic has had a significant impact on companies in general. If personnel or goods were exposed to the coronavirus, services were disrupted, factories were shut down, and brands faced the risk of losing their reputation. The best way to prepare the workforce for the difficulties of the new normal was to provide enough training. Such trying circumstances have opened the way for the quick adoption of a variety of innovative teaching techniques that had previously been slow to take hold.
Key Market Driver -
Continuous technological advancements, the growth of gamification in education and training, and untapped potential in new markets are all factors to consider to drive the market growth.
Key Market Restraint -
Reluctance of companies to spend heavy amount and unawareness about the micro learning concept to restrict the market growth.
Key Players
The major players in the micro learning market are Saba Software (US), Axonify (Canada), IBM (US), Bigtincan (US), SwissVBS (Canada), iSpring Solutions (US), Epignosis (US), Cornerstone OnDemand (US), and Qstream (US). And others.
Regional Analysis
North America is the most developed market for micro learning adoption, and it is expected to account for a significant portion of the global micro learning market throughout the projected period. The presence of big IT companies/users, as well as fast technical advances, such as digitalization in the US and Canada, are driving market expansion in this area.
The Asia Pacific region is developing as the fastest-growing micro learning market. Organizations in APAC are working hard to improve their Return on Investment (ROI) on talent development and staff training while also achieving measurable business objectives. Various businesses choose technology-enabled learning techniques for providing training and resources to their employees, which are also cost-effective.
Europe, the mind-blogging country in the Micro learning Platforms industry, is expected to grow significantly during the forecasted period. The enhancement would be feasible thanks to marketing research tools and current companies that have firmly established themselves in the industry since its inception.
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Segmentation
ATTRIBUTE | DETAILS |
By Component |
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By Organization Type |
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By Deployment Type |
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By End-user Industry |
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By Geography |
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Key Developments
- In May 2020, Qstream, a micro learning software leader for engaging sales teams in mobile sales learning programmes, has been named one of the top training companies in the learning and development industry for 2020.
- In January 2020, Cornerstone OnDemand, Inc. announced the acquisition of Cluster, a French technology firm that built an AI-powered skills engine and a large skills ontology that is used by major worldwide companies such as Carrefour and SNCF.
- Ongoing
- 2023
- 2019-2022
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