NEW YORK, Feb. 21, 2022 /PRNewswire/ -- The microlearning market report has been added to Technavio's catalog. The report identifies the market to witness an accelerating growth momentum at a CAGR of 13.70% from 2021 to 2026. The microlearning market potential growth is likely to reach USD 1.68 billion between this forecast period. Technavio offers an up-to-date analysis regarding the current global market scenario and the overall market environment.

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Factors such as growing government initiatives, increase in penetration of smartphones, and blended learning through AR will offer immense growth opportunities. Governments globally have taken initiatives and are promoting e-learning to improve education services. The governments of countries such as Thailand, China, and Hong Kong are offering tablets to aid in education. Governments are also increasing the funding amount of the various initiatives to boost microlearning platforms. In addition, gamification of training and education is due to an increase in the number of smartphones and mobile devices. However, the data security concerns due to the proliferation of education technology will emerge as a key factor likely to hinder the market's growth.

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Microlearning Market 2022-2026: Segmentation Analysis

• Component
  • Solution
    The solution segment held the largest microlearning market share in 2021. The segment will continue to account for the largest market share during the forecast period mainly due to the availability and adoption of cloud services, which make it easier to transform a solution into a mobile application. Furthermore, the adoption of education apps and other digital media, such as videos and massive open online courses (MOOCs), is increasing across the world.
  • Services
• Geography
  • North America
    North America emerged as the largest regional segment of microlearning market in 2021. The segment is likely to contribute to 41% of the market's growth during the forecast period. The growth of this region can be mainly attributed to the significant increase in the adoption of technology by numerous organizations to provide adequate training to their employees. US and Canada are the key markets for microlearning in North America. Market growth in this region will be faster than the growth of the market in Europe.
  • APAC
  • Europe
  • South America
  • MEA

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Microlearning Market 2022-2026: Vendor Analysis and Scope

The microlearning market is fragmented, and the degree of fragmentation will accelerate during the forecast period. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments. Backed with competitive intelligence and benchmarking, our research reports on the microlearning market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support. 

Strategic initiatives of top microlearning market vendors are:

• Bigtincan Holdings Ltd.: In June 2021, the company announced it has signed a definitive agreement to acquire Vidinoti SA to further its mission of creating the Buying Experience of the Future In August 2021, the company entered into a binding agreement to acquire Brainshark, Inc.
• Cornerstone OnDemand Inc.:  In December 2021, the company partnered with WaitWhat, which brings masters of scale podcasts and courses exclusively to cornerstone customers
• Larsen and Toubro Ltd.: In December 2021, the company partnered with Kemroc ink pact to distribute the latter's cutting-edge products in India. In November 2021, the company signed MoU with the Tamil Nadu government to build a Data Centre at Kanchipuram
• International Business Machines Corp.: In December 2021, the company signed a three-year agreement with AIB to accelerate hybrid cloud digital transformation. Product launches In December 2021, the company launched a new IBM z and cloud modernization center for the acceleration of hybrid cloud.

Some other market players covered in this report are:

• Axonify Inc.
• BTS Group AB
• Epignosis LLC
• Gnowbe Group Ltd.
• iSpring Solutions Inc.
• Qstream Inc.

For customized reports with extensive product offerings and strategic moves of each vendor, Speak to our Analysts

The report also covers the following areas:

• Microlearning Market size
• Microlearning Market trends
• Microlearning Market industry analysis

Microlearning Market 2022-2026: Key Highlights

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist microlearning market growth during the next five years
• Estimation of the microlearning market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the microlearning market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of microlearning market vendors

Related Reports:

Education Consulting Market by Type and Geography - Forecast and Analysis 2021-2025

Edtech Market by Sector and Geography - Forecast and Analysis 2021-2025

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