Microlearning Market is projected to reach USD 4.6 billion in 2029, registering 12.1% CAGR during 2021-2029 | Size, Share, Trends & Forecast

Microlearning Market

The Microlearning Market is expected to touch USD 4.6 billion in 2029, growing at a CAGR of 12.1% over the forecast period (2021-2029).

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The factors driving the growth of Microlearning Market includes rise in the number of e-learning platform, increasing demand for skills-based and result-oriented trainings, gamification of learning courses busy lifestyles and improvements in the living standards. According to the report published by Bloomberg, the Global Online Learning Market was calculated around USD 8.73 billion for 2022 and is expected to reach USD 31.81 billion by the end of 2029, growing at a CAGR of 20.3% over the forecast period (2022-2029), which will accelerate the Microlearning Market size in the approaching years. Moreover, Government initiatives promoting digitalization, growing adoption of advanced technologies by manufacturers, rise in the launch of innovative products, increasing focus by major companies on providing engaging learning experience to consumers and rapid urbanization, are some of the additional factors supplementing the market growth. In addition, increasing investments by leading corporations on research and development, strategic mergers, and collaborations between key industry players, rising disposable incomes and growing population growth rates, are further contributing towards the market growth.

However, growth of the Microlearning Market is hindered due to inadequate knowledge about microlearning solutions amongst consumers.

The leading players operating in the market are Epignosis LLC, Cornerstone OnDemand Inc., Qstream Inc., Saba Software Inc., Mindtree Limited, Axonify Inc., SwissVBS, iSpring Solutions Inc., Bigtincan and IBM Corporation, among others.

Based on Deployment, the On-Premises segment is predicted to capture the largest market share during the forecast period

The on-premises Microlearning solutions help organizations to create, store, and deliver important business data and control access to training programs, is propelling segment's growth.

Based on Industry, the Manufacturing and Logistics segment is projected to grow at a remarkable CAGR over the forecast period

Microlearning in manufacturing industry helps in enhancing efficiency and provides training lessons for technicians, factory workers and drivers, are some of the factors responsible for the segment's growth.

Based on Region, the Asia Pacific region is anticipated to capture the largest market share during the forecast period

As per the Microlearning Market Trend, rise in the number of online learning platforms, expansion of manufacturing and logistics and BSFI industry, growing per capital incomers, rapid urbanization and high population growth rates, are some of the important factors augmenting the market growth in Asia-Pacific region.  

Market Segmentation

Segmentation by Component

o Software
o Services

Segmentation by Deployment

o On-Cloud
o On-Premises

Segmentation by Industry

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

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

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