Microlearning Market 2023-2027|CAGR accelerating at 10.57% by 2027|Segmentation by Industry Application, Component and Geography|Technavio

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Jun 26, 2023, 20:15 ET

NEW YORK, June 26, 2023 /PRNewswire/ -- According to projections, the size of Microlearning market will grow by USD 1,338.46 million. Expanding government initiatives is one of the factors driving the market for Microlearning. Other factors such as large number of cellphone usage and tablet launches are expected to increase demand. Between 2022 and 2027, the market for Microlearning is forecasted to expand at a CAGR of 10.57%.

Technavio has announced its latest market research report titled Global Microlearning Market 2023-2027

Microlearning market report goes into great detail about market segmentation by Industry Application (Retail, Manufacturing and logistics, BFSI, Healthcare, Others), Component (Solutions and Services) and Geography (North America, APAC, Europe, South America, Middle East & Africa).

Microlearning market trends

Gamification of education and training to spur market expansion is emerging as an important trend in the market. Underpinning this growth is the acceptability of gamification systems as a tool for modifying human behavior to promote creativity, productivity, or engagement. Additionally, gamification boosts client retention rates by 5%, might raise earnings by 25% to 95%, and can produce better outcomes for enterprises. Customers can receive a certain amount of loyalty points by scanning scannable codes that brands can place on their items. Enterprise gamification in training, productivity, and skill improvement is likely to significantly expand throughout the projected time.

Know more about the trends such as microlearning in higher education along with market challenges. Click here to get the sample report!

Microlearning landscape & market vendors

The market study covers the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on penetration-based adoption rates in various regions. Furthermore, the research offers important buying criteria and price sensitivity drivers to assist businesses in evaluating and developing their growth strategy.

Major market vendors

The market is driven by the presence of several global and regional vendors, such as International Business Machines Corp. and Axonify Inc. The largest section of the worldwide microlearning market is retail (E-commerce websites and physical retail stores make up the retail sector), and this will not change throughout the course of the projection. To provide excellent customer service and increase business efficiency in the fragmented market, training consumers in the retail industry is crucial. The majority of retail vendors work to set themselves apart from the competition by offering superior customer support.

Learn more about vendors such as Bigtincan Holdings Ltd., BTS Group AB, Cornerstone OnDemand Inc., CrossKnowledge, and other vendors in the market. Click here to get sample reports for more insights!

Regional insights

During the projected period, North America is expected to contribute 41% to worldwide market growth. In North America, there will be 328 million smartphone customers by 2025, as the GSMA predicts. By 2025, the region can also have the second-highest penetration rates of mobile users (86%) and Internet users (80%) worldwide.

Analysts at Technavio have thoroughly discussed the geographical trends and factors that will affect the market throughout the projected period.

Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and forecast period (2023-2027). Download Sample Report in minutes!

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Self-paced E-learning Market: The self-paced e-learning market is expected to grow at a CAGR of 2.64% between 2022 and 2027, with a market value of USD 6,960.68 million. The research contains market data from 2017 to 2021.

Microlearning Market Scope
Report Coverage	Details
Page number	167
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 10.57%
Market growth 2023-2027	USD 1338.46 million
Market structure	Fragmented
YoY growth 2022-2023 (%)	10.05
Regional analysis	North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution	North America at 41%
Key countries	US, Canada, China, India, and UK
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Axonify Inc., Bigtincan Holdings Ltd., BTS Group AB, Cornerstone OnDemand Inc., CrossKnowledge, ELB Learning, Epignosis, Gnowbe Group Ltd., GoSkills Ltd., Inkling Systems Inc., International Business Machines Corp., iSpring Solutions Inc., Larsen and Toubro Ltd., Multiversity Pvt. Ltd., Neovation Corp., Pryor Learning, Qstream Inc., SmartUp.io Ltd., and SweetRush Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Don't miss out on critical insights, purchase our report now!

1 Executive Summary

1.1 Market Overview

Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Industry Application
Exhibit 06: Executive Summary – Chart on Market Segmentation by Component
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem

Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition

Exhibit 12: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 13: Market segments

3.3 Market size 2022

3.4 Market outlook: Forecast for 2022-2027

Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

4.1 Global microlearning market 2017 - 2021

Exhibit 18: Historic Market Size – Data Table on Global microlearning market 2017 - 2021 ($ million)

4.2 Industry Segment Analysis 2017 - 2021

Exhibit 19: Historic Market Size – Industry Segment 2017 - 2021 ($ million)

4.3 Component Segment Analysis 2017 - 2021

Exhibit 20: Historic Market Size – Component Segment 2017 - 2021 ($ million)

4.4 Geography Segment Analysis 2017 - 2021

Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

4.5 Country Segment Analysis 2017 - 2021

Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary

Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

5.2 Bargaining power of buyers

Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

5.3 Bargaining power of suppliers

Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

5.4 Threat of new entrants

Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

5.5 Threat of substitutes

Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

5.6 Threat of rivalry

Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

5.7 Market condition

Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Industry Application

6.1 Market segments

Exhibit 30: Chart on Industry Application - Market share 2022-2027 (%)
Exhibit 31: Data Table on Industry Application - Market share 2022-2027 (%)

6.2 Comparison by Industry Application

Exhibit 32: Chart on Comparison by Industry Application
Exhibit 33: Data Table on Comparison by Industry Application

6.3 Retail - Market size and forecast 2022-2027

Exhibit 34: Chart on Retail - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Retail - Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Retail - Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Retail - Year-over-year growth 2022-2027 (%)

6.4 Manufacturing and logistics - Market size and forecast 2022-2027

Exhibit 38: Chart on Manufacturing and logistics - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Manufacturing and logistics - Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Manufacturing and logistics - Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Manufacturing and logistics - Year-over-year growth 2022-2027 (%)

6.5 BFSI - Market size and forecast 2022-2027

Exhibit 42: Chart on BFSI - Market size and forecast 2022-2027 ($ million)
Exhibit 43: Data Table on BFSI - Market size and forecast 2022-2027 ($ million)
Exhibit 44: Chart on BFSI - Year-over-year growth 2022-2027 (%)
Exhibit 45: Data Table on BFSI - Year-over-year growth 2022-2027 (%)

6.6 Healthcare - Market size and forecast 2022-2027

Exhibit 46: Chart on Healthcare - Market size and forecast 2022-2027 ($ million)
Exhibit 47: Data Table on Healthcare - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Chart on Healthcare - Year-over-year growth 2022-2027 (%)
Exhibit 49: Data Table on Healthcare - Year-over-year growth 2022-2027 (%)

6.7 Others - Market size and forecast 2022-2027

Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)

6.8 Market opportunity by Industry Application

Exhibit 54: Market opportunity by Industry Application ($ million)

7 Market Segmentation by Component

7.1 Market segments

Exhibit 55: Chart on Component - Market share 2022-2027 (%)
Exhibit 56: Data Table on Component - Market share 2022-2027 (%)

7.2 Comparison by Component

Exhibit 57: Chart on Comparison by Component
Exhibit 58: Data Table on Comparison by Component

7.3 Solution - Market size and forecast 2022-2027

Exhibit 59: Chart on Solution - Market size and forecast 2022-2027 ($ million)
Exhibit 60: Data Table on Solution - Market size and forecast 2022-2027 ($ million)
Exhibit 61: Chart on Solution - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Solution - Year-over-year growth 2022-2027 (%)

7.4 Services - Market size and forecast 2022-2027

Exhibit 63: Chart on Services - Market size and forecast 2022-2027 ($ million)
Exhibit 64: Data Table on Services - Market size and forecast 2022-2027 ($ million)
Exhibit 65: Chart on Services - Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on Services - Year-over-year growth 2022-2027 (%)

7.5 Market opportunity by Component

Exhibit 67: Market opportunity by Component ($ million)

8 Customer Landscape

8.1 Customer landscape overview

Exhibit 68: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation

Exhibit 69: Chart on Market share by geography 2022-2027 (%)
Exhibit 70: Data Table on Market share by geography 2022-2027 (%)

9.2 Geographic comparison

Exhibit 71: Chart on Geographic comparison
Exhibit 72: Data Table on Geographic comparison

9.3 North America - Market size and forecast 2022-2027

Exhibit 73: Chart on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on North America - Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on North America - Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on North America - Year-over-year growth 2022-2027 (%)

9.4 APAC - Market size and forecast 2022-2027

Exhibit 77: Chart on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on APAC - Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on APAC - Year-over-year growth 2022-2027 (%)

9.5 Europe - Market size and forecast 2022-2027

Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)

9.6 South America - Market size and forecast 2022-2027

Exhibit 85: Chart on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on South America - Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on South America - Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on South America - Year-over-year growth 2022-2027 (%)

9.7 Middle East and Africa - Market size and forecast 2022-2027

Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

9.8 US - Market size and forecast 2022-2027

Exhibit 93: Chart on US - Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on US - Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on US - Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on US - Year-over-year growth 2022-2027 (%)

9.9 China - Market size and forecast 2022-2027

Exhibit 97: Chart on China - Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on China - Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on China - Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on China - Year-over-year growth 2022-2027 (%)

9.10 UK - Market size and forecast 2022-2027

Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)

9.11 Canada - Market size and forecast 2022-2027

Exhibit 105: Chart on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 106: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
Exhibit 107: Chart on Canada - Year-over-year growth 2022-2027 (%)
Exhibit 108: Data Table on Canada - Year-over-year growth 2022-2027 (%)

9.12 India - Market size and forecast 2022-2027

Exhibit 109: Chart on India - Market size and forecast 2022-2027 ($ million)
Exhibit 110: Data Table on India - Market size and forecast 2022-2027 ($ million)
Exhibit 111: Chart on India - Year-over-year growth 2022-2027 (%)
Exhibit 112: Data Table on India - Year-over-year growth 2022-2027 (%)

9.13 Market opportunity by geography

Exhibit 113: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers

10.2 Market challenges

10.3 Impact of drivers and challenges

Exhibit 114: Impact of drivers and challenges in 2022 and 2027

10.4 Market trends

11 Vendor Landscape

11.1 Overview

11.2 Vendor landscape

Exhibit 115: Overview on Criticality of inputs and Factors of differentiation

11.3 Landscape disruption

Exhibit 116: Overview on factors of disruption

11.4 Industry risks

Exhibit 117: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered

Exhibit 118: Vendors covered

12.2 Market positioning of vendors

Exhibit 119: Matrix on vendor position and classification

12.3 Axonify Inc.

Exhibit 120: Axonify Inc. - Overview
Exhibit 121: Axonify Inc. - Product / Service
Exhibit 122: Axonify Inc. - Key offerings

12.4 Bigtincan Holdings Ltd.

Exhibit 123: Bigtincan Holdings Ltd. - Overview
Exhibit 124: Bigtincan Holdings Ltd. - Business segments
Exhibit 125: Bigtincan Holdings Ltd. - Key news
Exhibit 126: Bigtincan Holdings Ltd. - Key offerings
Exhibit 127: Bigtincan Holdings Ltd. - Segment focus

12.5 BTS Group AB

Exhibit 128: BTS Group AB - Overview
Exhibit 129: BTS Group AB - Business segments
Exhibit 130: BTS Group AB - Key offerings
Exhibit 131: BTS Group AB - Segment focus

12.6 Cornerstone OnDemand Inc.

Exhibit 132: Cornerstone OnDemand Inc. - Overview
Exhibit 133: Cornerstone OnDemand Inc. - Product / Service
Exhibit 134: Cornerstone OnDemand Inc. - Key offerings

12.7 CrossKnowledge

Exhibit 135: CrossKnowledge - Overview
Exhibit 136: CrossKnowledge - Product / Service
Exhibit 137: CrossKnowledge - Key offerings

12.8 ELB Learning

Exhibit 138: ELB Learning - Overview
Exhibit 139: ELB Learning - Product / Service
Exhibit 140: ELB Learning - Key offerings

12.9 Epignosis

Exhibit 141: Epignosis - Overview
Exhibit 142: Epignosis - Product / Service
Exhibit 143: Epignosis - Key offerings

12.10 Gnowbe Group Ltd.

Exhibit 144: Gnowbe Group Ltd. - Overview
Exhibit 145: Gnowbe Group Ltd. - Product / Service
Exhibit 146: Gnowbe Group Ltd. - Key offerings

12.11 GoSkills Ltd.

Exhibit 147: GoSkills Ltd. - Overview
Exhibit 148: GoSkills Ltd. - Product / Service
Exhibit 149: GoSkills Ltd. - Key offerings

12.12 International Business Machines Corp.

Exhibit 150: International Business Machines Corp. - Overview
Exhibit 151: International Business Machines Corp. - Business segments
Exhibit 152: International Business Machines Corp. - Key news
Exhibit 153: International Business Machines Corp. - Key offerings
Exhibit 154: International Business Machines Corp. - Segment focus

12.13 iSpring Solutions Inc.

Exhibit 155: iSpring Solutions Inc. - Overview
Exhibit 156: iSpring Solutions Inc. - Product / Service
Exhibit 157: iSpring Solutions Inc. - Key offerings

12.14 Larsen and Toubro Ltd.

Exhibit 158: Larsen and Toubro Ltd. - Overview
Exhibit 159: Larsen and Toubro Ltd. - Business segments
Exhibit 160: Larsen and Toubro Ltd. - Key news
Exhibit 161: Larsen and Toubro Ltd. - Key offerings
Exhibit 162: Larsen and Toubro Ltd. - Segment focus

12.15 Multiversity Pvt. Ltd.

Exhibit 163: Multiversity Pvt. Ltd. - Overview
Exhibit 164: Multiversity Pvt. Ltd. - Product / Service
Exhibit 165: Multiversity Pvt. Ltd. - Key offerings

12.16 Neovation Corp.

Exhibit 166: Neovation Corp. - Overview
Exhibit 167: Neovation Corp. - Product / Service
Exhibit 168: Neovation Corp. - Key offerings

12.17 Qstream Inc.

Exhibit 169: Qstream Inc. - Overview
Exhibit 170: Qstream Inc. - Product / Service
Exhibit 171: Qstream Inc. - Key news
Exhibit 172: Qstream Inc. - Key offerings

13 Appendix

13.1 Scope of the report

13.2 Inclusions and exclusions checklist

Exhibit 173: Inclusions checklist
Exhibit 174: Exclusions checklist

13.3 Currency conversion rates for US$

Exhibit 175: Currency conversion rates for US$

13.4 Research methodology

Exhibit 176: Research methodology
Exhibit 177: Validation techniques employed for market sizing
Exhibit 178: Information sources

13.5 List of abbreviations

Exhibit 179: List of abbreviations

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