LONDON--(BUSINESS WIRE)--The global self-paced e-learning market 2019-2023 is expected to post a CAGR of more than 2% during the forecast period, according to the latest market research report by Technavio.
A key factor driving the growth of the market is the increased adoption of online learning. The adoption of e-learning across end-users ranging from institutional to individual learners is because of the various benefits offered by the online mode of learning. These benefits include flexibility of timelines and increased accessibility along with the ease of integration with various support solutions such as Learning Management System (LMS), Learning Content Management System (LCMS), Enterprise Resource Planning (ERP), CMS, and others.
This market research report on the global self-paced e-learning market 2019-2023 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the growing popularity of microlearning as one of the key emerging trends in the global self-paced e-learning market:
Global self-paced e-learning market: Growing popularity of microlearning
Microlearning refers to learning that uses the bite-sized content. It is gaining prominence in the corporate training sector owing to its small size and fast completion rate. Microlearning modules are easy to create as they consist of small chunks of information and can include short videos, infographics, and even audio. The growing importance and adoption of mobile devices such as tablets, smartphones, and other devices for learning have also made microlearning the appropriate choice for organizations opting for e-learning solutions.
“Owing to the rising penetration of mobile learning in the education sector, there has been a significant increase in the number of mobile applications that enable self-paced e-learning. One such example of microlearning apps is Google's Primer app. This app enables self-paced completion of its modules and teaches new digital marketing skills to learners within a couple of minutes,” says a senior analyst at Technavio for research on education technology.
Global self-paced e-learning market: Segmentation analysis
This market research report segments the global self-paced e-learning market by product (packaged content and services) and geographical regions (APAC, EMEA, and the Americas).
The Americas led the market in 2017 with a market share of more than 48%, followed by APAC and EMEA respectively. Although APAC held the smallest share of the market, it is expected to witness the maximum increase in its market share over the forecast period.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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