The report highlights the current impact of COVID-19 on the Microlearning Market along with the latest economic scenario and changing dynamics of the market. It analyzes the impact of the pandemic on market growth and remuneration. The pandemic has changed the economic scenario of the world and has affected several sectors of the market. The report estimates the market for Microlearning Market according to the impact of COVID-19.
The global microlearning market size was USD 1.86 Billion in 2021 and is expected to register a revenue CAGR of 13.1% during the forecast period, according to latest analysis by Emergen Research. Increasing adoption of result-oriented and skill-based training among organizations is a key factor driving market revenue growth. Microlearning is a process of learning and acquiring knowledge by utilizing small chunks of relevant information to achieve a specific learning outcome. Microlearning usually implies short and targeted learning, which ranges from 3 to 5 minutes. These courses consist of engaging videos, podcasts, infographics, animations, games, and more engaging content to improve employees’ knowledge retention and engagement. In addition, increasing preference for short-duration and skill-based learning processes is expected to drive demand for microlearning solutions. Most learners face distraction, low attention, and concentration level while learning long- duration courses, and hence they are preferring microlearning as it encompasses short, engaging, focused, and interactive learning content.
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Covid 19 impact analysis:
The market intelligence report offers a complete overview of the Microlearning market, with minute details on the competitive landscape and the profiles of the key companies operating in the business. Our team of analysts has conducted an assessment of the historical market trends, estimated growth rate, revenue generation, production capacity, pricing structure, and numerous other vital aspects of the market, including key market drivers, opportunities, challenges, and restraints. The latest research report delivers a precise study of the Microlearning industry, emphasizing its vital components, such as import and export analysis, production and consumption rates, sales channels, and consumer bases in the leading regions across the global market. The report further examines the crucial facts and figures related to the current market landscape and offers industry-verified databases for businesses that look forward to investing in the market. Furthermore, the report includes actionable insights intended to help readers identify the most prominent opportunities and challenges prevailing in the Microlearning market’s broad competitive landscape.
Major companies profiled in the market report include
IBM Corporation, SwissVBS, Saba Software, Inc., iSpring Solutions, Cornerstone OnDemand, Inc., Qstream, Inc., eduMe Ltd., Neovation Learning Solutions, Gnowbe Pte. Ltd., and 7taps Inc.
Research objectives:
The report contains updated information about the ongoing COVID-19 pandemic and acts as an accurate analysis of the COVID-19 impact on the Microlearning market. The report draws attention to the COVID-19 impact on the market and its crucial segments. As per the report, the current pandemic is one of the major contributing elements for the potential decline of the market in the coming years. The business sector has been drastically affected by the pandemic, which has adversely altered the market dynamics and demand trends. Financial difficulties brought by the pandemic have delayed the progress rate of various businesses and disrupted the global supply chains. The report further provides a future impact assessment of the Microlearning market concerning COVID-19.
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Emergen Research has segmented the global microlearning market based on deployment, organization size, component, end-use, and region:
· Deployment Outlook (Revenue, USD Billion; 2019-2030)
o On-premises
o Cloud
· Organization Size Outlook (Revenue, USD Billion; 2019-2030)
o Large Enterprises
o Small and Medium-Sized Enterprises (SMEs)
· Component Outlook (Revenue, USD Billion; 2019-2030)
o Solution
o Services
· End-Use Outlook (Revenue, USD Billion; 2019-2030)
o Retail
o BFSI
o Manufacturing
o Logistics
o Telecom and IT
o Healthcare and Life Sciences
o Others
Regional Outlook:
· North America (U.S., Canada)
· Europe (U.K., Italy, Germany, France, Rest of EU)
· Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Objectives of the Global Microlearning Market Report:
· Along with a complete overview of the global Microlearning market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
· The report elaborates on the global Microlearning market size and share governed by the major geographies.
· It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
· It further presents a detailed description of the company profiles of the key market contenders.
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About Emergen Research :
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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