Microlearning Platforms Market growing at 13.01% CAGR to surpass US$2297.65 mn by 2025| Qy Research, Inc

In 2018, the global Microlearning Platforms market size was 990.27 million US$ and it is expected to reach 2297.65 million US$ by the end of 2025, with a CAGR of 13.01% during 2019-2025.

Los Angeles, United States - September 20, 2019 /MarketersMedia/ —

QY Research announced the publication of a new report, titled, “Global Microlearning Platforms Market Size, Status and Forecast 2019-2025”. The report is an in-depth analysis on the global microlearning platforms market. It is a collation of historic data and forecast figures to provide the readers a comprehensive understanding of the market. The report uses primary and secondary methodology to analyse the microlearning platforms market. It studies various aspects if the market separately to give detailed information.

In 2018, the global microlearning platforms market size was US$990.27 mn and it is expected to reach US$2297.65 mn by the end of 2025. During the forecast period of 2019 and 2025, the global market for microlearning platforms is projected to register a CAGR of 13.01%.

Global Microlearning Platforms Market: Market Drivers

The major driver for the global microlearning platforms market is the ability to acquire information in short and compact form through its mediums. The average human attention span is very low due the new way of receiving information through blogs, social media, videos, podcasts, and infographics. Microlearning platforms understanding this changing dynamic and deliver specific learner content. The concise content enables quick learning and higher retention without demanding much. Microlearning has various benefits such quick and easy-to-digest nuggets of informative content pieces which require low commitment. Thus, it is convenient in many ways as compared to traditional learning as it does not require instructor, classroom, and learning material.

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Global Microlearning Platforms Market: Regions Outlook

The report covers different regions of the global microlearning platforms market which are expected to play a major role in the future growth of the market. Geographically the global microlearning platforms market is segmented into Europe, Asia Pacific (China, and Japan), Southeast Asia (India), North, Central, and South America and others. The fast-paced development of technology in Asia is expected to contribute majorly towards the global microlearning platforms market.

Global Microlearning Platforms Market: Market Segment

The global microlearning platforms market includes two segment, type, and application. The type segment include cloud based and web based. The application segment includes retail, manufacturing and logistics, finance and insurance, automotive retail, and others.

Global Microlearning Platforms Market: Key Players

The major shareholder in the global microlearning platforms market are Saba Software, Mindtree, Bigtincan, BrainStorm, Axonify, Ispring, Sponge, SwissVBS, Epignosis, Whatfix, Gameffective, Qstream, Allen Interactions, Grovo, Trivantis, Fivel, EdApp, Gnowbe, Verb, EduMe, Float, HandyTrain, MLevel, and ExpandShare.

Global Microlearning Platforms Market: Competitive Landscape

Bigtincan Holdings Limited has signed a contract with Eaton Corporation to provide their internal team and network partner’s right knowledge, materials, and content. This platform has been designed to make learning better and effective. Both Bigtincan learning and Bigtincan Hub will be responsible for client’s customer relationship management. The team is will be managing Europe, then the first stage U.S.A. and the move to Africa, Asia, and the Middle East.

This strategy is expected to boost their client base and increase competition in the market. Other companies are also engaging in strategies similar product development, innovative technologies, and joint ventures to boost their global footprint. This competition among companies is expected to boost the global microlearning platforms market.

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