The global microlearning platforms market is estimated to be valued at USD 2,412.6 million in 2023. With a CAGR of 10.7% projected growth during 2023 to 2033, the market is expected to reach a valuation of USD 6,687.6 million by 2033. The services segment is expected to be the highest revenue generating category in category insights, projected to register a CAGR of 10.4% during 2023 to 2033.
Attributes | Details |
---|---|
Global Microlearning Platforms Market Size (2023) | USD 2,412.6 million |
Global Microlearning Platforms Market Size (2033) | USD 6,687.6 million |
Global Microlearning Platforms Market CAGR (2023 to 2033) | 10.7% |
United States Microlearning Platforms Market Size (2033) | USD 2 billion |
United States Microlearning Platforms Market CAGR (2023 to 2033) | 10.4% |
As per the Microlearning Platforms Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2018 to 2023, market value of the microlearning platforms increased at around 8.6% CAGR. With an absolute dollar opportunity of USD 3.5 billion during 2023 to 2033, the market is projected to reach a valuation of USD 5.5 billion by 2033, at a CAGR of 10.6%.
The market is being driven by the increasing adoption and availability of the cloud, which provides the platform and infrastructure to address the scalability limitations of on-premise microlearning experiences. Microlearning is also becoming more widely used in gamification for customer engagement and value creation. Furthermore, millennials' increasing demand for high flexibility and a variety of jobs has resulted in half of the workforce being made up of freelancers who change jobs frequently and combine different projects at different organizations rather than working long hours. As a result, microlearning solution providers are increasingly targeting these freelancers.
Microlearning platforms are used as corporate learning solutions by HR and learning and development departments. These training solutions provide employees with short bursts of targeted instructional information that fit into a daily workflow and are accessible on any device. Companies can either create their own learning materials or use a pre-existing library of video, animation, and text-based learning materials. Corporate learning management systems (LMS) and learning experience platform (LEP) software are not the same as microlearning platforms. LEPs and micro-learning platforms assist organizations with a variety of challenges, as well as their target audiences. LEPs frequently provide employee-driven, computer- or desk-based instructional content.
Microlearning provides businesses with a centralized solution for providing effective training and education to the stakeholders including employees, workers, and channel partners. The learning methodologies used in corporate training programs are changing.
Traditional classroom training is gradually being surpassed by online learning methods that provide learners with greater flexibility. Businesses are focusing on providing employees with a better learning experience through a variety of engaging learning and development activities. As a result, businesses are eager to adopt training methods that are directly oriented toward a learning objective, such as specific skills or compliance understanding.
In 2022, North America was the largest regional segment of the microlearning market. The significant increase in the adoption of technology by numerous organizations to provide adequate training to their employees is largely responsible for the region's growth. In North America, the United States and Canada are the most important markets for microlearning. The market in the region will grow at a faster rate than the market in Europe.
In North America, the demand for education technologies started with schools and colleges converting traditional classrooms to digital classrooms by investing in basic hardware and software solutions. Advances in information technology have transformed communication and educational practices. Technology is transforming K-12 and higher education by offering teachers the ability to reject distracting educational technologies. Schools use personalized learning and job-embedded professional learning to meet the demands of teaching schedules and to support teachers' learning styles.
The number of smartphone subscribers in North America is expected to reach 328 Million by 2025, according to the GSMA. Furthermore, by 2025, the region's mobile subscribers with 86% and internet penetration rates of 80% may rise to the second highest in the world. The virtual reality market in the region will benefit from increased device penetration. According to an IBM study, 75% of Gen-Zers prefer to use a smartphone over other mobile devices. As a result, a mobile-focused microlearning training strategy will become more popular in the future to keep them interested in learning.
The United States is expected to account for the highest market share of USD 2 billion by the end of 2033 with an absolute dollar growth opportunity of USD 1.3 billion. By 2033, the United States is likely to account for nearly 40% of the global microlearning market. It is rising as a result of many organizations’ rapid technological adoption and failure to provide adequate training to their employees. Microlearning providers in the country will benefit largely from the growth of e-learning.
Gamification's ability to increase engagement and loyalty by an average of 30% in time, on-site, repeat visits, and viral distribution attracted organizations in the United States. Apart from participation, the revenue effects of gamification are also impressive. Autodesk, an American multinational software company, increased trial usage by 40% and conversion rates by 15%, while Extraco Bank increased customer acquisitions by 700%.
IT & telecom industries dominated the other sub-segments with a CAGR of 10.2% during the forecast period 2023 to 2033. Microlearning's rapid growth is due to an increase in the number of smartphones and mobile devices, which has created a large base for gamification in the microlearning market.
The high recognition of gamification systems as a method to architect human behavior to induce innovation, productivity, or engagement is fueling growth. According to an article published in Harvard Business Review, gamification improves customer retention by 5%, increases profits by 25% to 95%, and can help businesses achieve better results. Scanning codes on products can be provided by brands, and customers can receive a certain number of loyalty points by scanning the code.
During the forecast period, enterprise gamification in training, productivity, and skill enhancement is expected to grow significantly. Collaboration systems, which do not create a competitive environment and are widely considered counterproductive, have shown a strong preference among organizations. Gamification in microlearning solutions also serves as a useful tool for increasing employee overall productivity through a variety of methods, such as rewards for task completion in project management or data contribution or access in knowledge management.
The client organization's server hosts the on-premises microlearning solution, however, the user or buyer must purchase a license to use the microlearning solution, which is also customizable. The buyer's internal IT staff handles the setup and maintenance, and the buyer has complete control over the microlearning solution.
Enterprises can use the on-premises microlearning solution to create, store, and deliver business-critical data while also controlling access to training programs. On-premises microlearning solutions are losing market share as these applications require large upfront investments and long-term developer commitment. Enterprises that rely on the continuous availability of a learning system for the success of their business processes use on-premises microlearning solution.
By deploying an on-premises microlearning solution, businesses gain more control over the infrastructure investments they make, as well as lower overall network costs.
However, cloud-based microlearning is expected to gain traction across industries as the demand for scalable and cost-effective solutions grows. Users log into the service provider's site to access cloud-based microlearning solutions, which are hosted over an internet connection. Trainers can use their web browsers to upload course content, create new courses, and interact with students without having to install any management software.
In a fast-growing education sector, the market is fragmented, with many local and regional players competing with one another. Players in the microlearning market are working to deliver their content in an interactive format that will pique learners' interest in these training platforms. Microlearning platform providers are also focusing on innovation and strategic partnerships with other vendors to expand their service offerings and meet the demands of an expanding customer base. Some of the leading players include Epignosis, Cornerstone OnDemand, Axonify Inc., iSpring Solutions Inc., and Bigtincan.
Some of the recent developments of microlearning platforms market are as follows :
Table 01: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 02: Global Market Value (US$ Million) Forecast by Deployment Mode, 2018 to 2033
Table 03: Global Market Value (US$ Million) Forecast by Components, 2018 to 2033
Table 04: Global Market Value (US$ Million) Forecast by Industry , 2018 to 2033
Table 05: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 06: North America Market Value (US$ Million) Forecast by Deployment Mode, 2018 to 2033
Table 07: North America Market Value (US$ Million) Forecast by Components, 2018 to 2033
Table 08: North America Market Value (US$ Million) Forecast by Industry , 2018 to 2033
Table 09: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 10: Latin America Market Value (US$ Million) Forecast by Deployment Mode, 2018 to 2033
Table 11: Latin America Market Value (US$ Million) Forecast by Components, 2018 to 2033
Table 12: Latin America Market Value (US$ Million) Forecast by Industry , 2018 to 2033
Table 13: Western Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: Western Europe Market Value (US$ Million) Forecast by Deployment Mode, 2018 to 2033
Table 15: Western Europe Market Value (US$ Million) Forecast by Components, 2018 to 2033
Table 16: Western Europe Market Value (US$ Million) Forecast by Industry , 2018 to 2033
Table 17: Eastern Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 18: Eastern Europe Market Value (US$ Million) Forecast by Deployment Mode, 2018 to 2033
Table 19: Eastern Europe Market Value (US$ Million) Forecast by Components, 2018 to 2033
Table 20: Eastern Europe Market Value (US$ Million) Forecast by Industry , 2018 to 2033
Table 21: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 22: South Asia and Pacific Market Value (US$ Million) Forecast by Deployment Mode, 2018 to 2033
Table 23: South Asia and Pacific Market Value (US$ Million) Forecast by Components, 2018 to 2033
Table 24: South Asia and Pacific Market Value (US$ Million) Forecast by Industry , 2018 to 2033
Table 25: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 26: East Asia Market Value (US$ Million) Forecast by Deployment Mode, 2018 to 2033
Table 27: East Asia Market Value (US$ Million) Forecast by Components, 2018 to 2033
Table 28: East Asia Market Value (US$ Million) Forecast by Industry , 2018 to 2033
Table 29: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 30: Middle East and Africa Market Value (US$ Million) Forecast by Deployment Mode, 2018 to 2033
Table 31: Middle East and Africa Market Value (US$ Million) Forecast by Components, 2018 to 2033
Table 32: Middle East and Africa Market Value (US$ Million) Forecast by Industry , 2018 to 2033
Figure 01: Global Market Value (US$ Million) by Deployment Mode, 2023 to 2033
Figure 02: Global Market Value (US$ Million) by Components, 2023 to 2033
Figure 03: Global Market Value (US$ Million) by Industry , 2023 to 2033
Figure 04: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 05: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 06: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 07: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 08: Global Market Value (US$ Million) Analysis by Deployment Mode, 2018 to 2033
Figure 09: Global Market Value Share (%) and BPS Analysis by Deployment Mode, 2023 to 2033
Figure 10: Global Market Y-o-Y Growth (%) Projections by Deployment Mode, 2023 to 2033
Figure 11: Global Market Value (US$ Million) Analysis by Components, 2018 to 2033
Figure 12: Global Market Value Share (%) and BPS Analysis by Components, 2023 to 2033
Figure 13: Global Market Y-o-Y Growth (%) Projections by Components, 2023 to 2033
Figure 14: Global Market Value (US$ Million) Analysis by Industry , 2018 to 2033
Figure 15: Global Market Value Share (%) and BPS Analysis by Industry , 2023 to 2033
Figure 16: Global Market Y-o-Y Growth (%) Projections by Industry , 2023 to 2033
Figure 17: Global Market Attractiveness by Deployment Mode, 2023 to 2033
Figure 18: Global Market Attractiveness by Components, 2023 to 2033
Figure 19: Global Market Attractiveness by Industry , 2023 to 2033
Figure 20: Global Market Attractiveness by Region, 2023 to 2033
Figure 21: North America Market Value (US$ Million) by Deployment Mode, 2023 to 2033
Figure 22: North America Market Value (US$ Million) by Components, 2023 to 2033
Figure 23: North America Market Value (US$ Million) by Industry , 2023 to 2033
Figure 24: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 25: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 26: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 27: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 28: North America Market Value (US$ Million) Analysis by Deployment Mode, 2018 to 2033
Figure 29: North America Market Value Share (%) and BPS Analysis by Deployment Mode, 2023 to 2033
Figure 30: North America Market Y-o-Y Growth (%) Projections by Deployment Mode, 2023 to 2033
Figure 31: North America Market Value (US$ Million) Analysis by Components, 2018 to 2033
Figure 32: North America Market Value Share (%) and BPS Analysis by Components, 2023 to 2033
Figure 33: North America Market Y-o-Y Growth (%) Projections by Components, 2023 to 2033
Figure 34: North America Market Value (US$ Million) Analysis by Industry , 2018 to 2033
Figure 35: North America Market Value Share (%) and BPS Analysis by Industry , 2023 to 2033
Figure 36: North America Market Y-o-Y Growth (%) Projections by Industry , 2023 to 2033
Figure 37: North America Market Attractiveness by Deployment Mode, 2023 to 2033
Figure 38: North America Market Attractiveness by Components, 2023 to 2033
Figure 39: North America Market Attractiveness by Industry , 2023 to 2033
Figure 40: North America Market Attractiveness by Country, 2023 to 2033
Figure 41: Latin America Market Value (US$ Million) by Deployment Mode, 2023 to 2033
Figure 42: Latin America Market Value (US$ Million) by Components, 2023 to 2033
Figure 43: Latin America Market Value (US$ Million) by Industry , 2023 to 2033
Figure 44: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 45: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 48: Latin America Market Value (US$ Million) Analysis by Deployment Mode, 2018 to 2033
Figure 49: Latin America Market Value Share (%) and BPS Analysis by Deployment Mode, 2023 to 2033
Figure 50: Latin America Market Y-o-Y Growth (%) Projections by Deployment Mode, 2023 to 2033
Figure 51: Latin America Market Value (US$ Million) Analysis by Components, 2018 to 2033
Figure 52: Latin America Market Value Share (%) and BPS Analysis by Components, 2023 to 2033
Figure 53: Latin America Market Y-o-Y Growth (%) Projections by Components, 2023 to 2033
Figure 54: Latin America Market Value (US$ Million) Analysis by Industry , 2018 to 2033
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Industry , 2023 to 2033
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Industry , 2023 to 2033
Figure 57: Latin America Market Attractiveness by Deployment Mode, 2023 to 2033
Figure 58: Latin America Market Attractiveness by Components, 2023 to 2033
Figure 59: Latin America Market Attractiveness by Industry , 2023 to 2033
Figure 60: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 61: Western Europe Market Value (US$ Million) by Deployment Mode, 2023 to 2033
Figure 62: Western Europe Market Value (US$ Million) by Components, 2023 to 2033
Figure 63: Western Europe Market Value (US$ Million) by Industry , 2023 to 2033
Figure 64: Western Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 65: Western Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 66: Western Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 67: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 68: Western Europe Market Value (US$ Million) Analysis by Deployment Mode, 2018 to 2033
Figure 69: Western Europe Market Value Share (%) and BPS Analysis by Deployment Mode, 2023 to 2033
Figure 70: Western Europe Market Y-o-Y Growth (%) Projections by Deployment Mode, 2023 to 2033
Figure 71: Western Europe Market Value (US$ Million) Analysis by Components, 2018 to 2033
Figure 72: Western Europe Market Value Share (%) and BPS Analysis by Components, 2023 to 2033
Figure 73: Western Europe Market Y-o-Y Growth (%) Projections by Components, 2023 to 2033
Figure 74: Western Europe Market Value (US$ Million) Analysis by Industry , 2018 to 2033
Figure 75: Western Europe Market Value Share (%) and BPS Analysis by Industry , 2023 to 2033
Figure 76: Western Europe Market Y-o-Y Growth (%) Projections by Industry , 2023 to 2033
Figure 77: Western Europe Market Attractiveness by Deployment Mode, 2023 to 2033
Figure 78: Western Europe Market Attractiveness by Components, 2023 to 2033
Figure 79: Western Europe Market Attractiveness by Industry , 2023 to 2033
Figure 80: Western Europe Market Attractiveness by Country, 2023 to 2033
Figure 81: Eastern Europe Market Value (US$ Million) by Deployment Mode, 2023 to 2033
Figure 82: Eastern Europe Market Value (US$ Million) by Components, 2023 to 2033
Figure 83: Eastern Europe Market Value (US$ Million) by Industry , 2023 to 2033
Figure 84: Eastern Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 85: Eastern Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 88: Eastern Europe Market Value (US$ Million) Analysis by Deployment Mode, 2018 to 2033
Figure 89: Eastern Europe Market Value Share (%) and BPS Analysis by Deployment Mode, 2023 to 2033
Figure 90: Eastern Europe Market Y-o-Y Growth (%) Projections by Deployment Mode, 2023 to 2033
Figure 91: Eastern Europe Market Value (US$ Million) Analysis by Components, 2018 to 2033
Figure 92: Eastern Europe Market Value Share (%) and BPS Analysis by Components, 2023 to 2033
Figure 93: Eastern Europe Market Y-o-Y Growth (%) Projections by Components, 2023 to 2033
Figure 94: Eastern Europe Market Value (US$ Million) Analysis by Industry , 2018 to 2033
Figure 95: Eastern Europe Market Value Share (%) and BPS Analysis by Industry , 2023 to 2033
Figure 96: Eastern Europe Market Y-o-Y Growth (%) Projections by Industry , 2023 to 2033
Figure 97: Eastern Europe Market Attractiveness by Deployment Mode, 2023 to 2033
Figure 98: Eastern Europe Market Attractiveness by Components, 2023 to 2033
Figure 99: Eastern Europe Market Attractiveness by Industry , 2023 to 2033
Figure 100: Eastern Europe Market Attractiveness by Country, 2023 to 2033
Figure 101: South Asia and Pacific Market Value (US$ Million) by Deployment Mode, 2023 to 2033
Figure 102: South Asia and Pacific Market Value (US$ Million) by Components, 2023 to 2033
Figure 103: South Asia and Pacific Market Value (US$ Million) by Industry , 2023 to 2033
Figure 104: South Asia and Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 105: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 106: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 107: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 108: South Asia and Pacific Market Value (US$ Million) Analysis by Deployment Mode, 2018 to 2033
Figure 109: South Asia and Pacific Market Value Share (%) and BPS Analysis by Deployment Mode, 2023 to 2033
Figure 110: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Deployment Mode, 2023 to 2033
Figure 111: South Asia and Pacific Market Value (US$ Million) Analysis by Components, 2018 to 2033
Figure 112: South Asia and Pacific Market Value Share (%) and BPS Analysis by Components, 2023 to 2033
Figure 113: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Components, 2023 to 2033
Figure 114: South Asia and Pacific Market Value (US$ Million) Analysis by Industry , 2018 to 2033
Figure 115: South Asia and Pacific Market Value Share (%) and BPS Analysis by Industry , 2023 to 2033
Figure 116: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Industry , 2023 to 2033
Figure 117: South Asia and Pacific Market Attractiveness by Deployment Mode, 2023 to 2033
Figure 118: South Asia and Pacific Market Attractiveness by Components, 2023 to 2033
Figure 119: South Asia and Pacific Market Attractiveness by Industry , 2023 to 2033
Figure 120: South Asia and Pacific Market Attractiveness by Country, 2023 to 2033
Figure 121: East Asia Market Value (US$ Million) by Deployment Mode, 2023 to 2033
Figure 122: East Asia Market Value (US$ Million) by Components, 2023 to 2033
Figure 123: East Asia Market Value (US$ Million) by Industry , 2023 to 2033
Figure 124: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 125: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 126: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 127: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 128: East Asia Market Value (US$ Million) Analysis by Deployment Mode, 2018 to 2033
Figure 129: East Asia Market Value Share (%) and BPS Analysis by Deployment Mode, 2023 to 2033
Figure 130: East Asia Market Y-o-Y Growth (%) Projections by Deployment Mode, 2023 to 2033
Figure 131: East Asia Market Value (US$ Million) Analysis by Components, 2018 to 2033
Figure 132: East Asia Market Value Share (%) and BPS Analysis by Components, 2023 to 2033
Figure 133: East Asia Market Y-o-Y Growth (%) Projections by Components, 2023 to 2033
Figure 134: East Asia Market Value (US$ Million) Analysis by Industry , 2018 to 2033
Figure 135: East Asia Market Value Share (%) and BPS Analysis by Industry , 2023 to 2033
Figure 136: East Asia Market Y-o-Y Growth (%) Projections by Industry , 2023 to 2033
Figure 137: East Asia Market Attractiveness by Deployment Mode, 2023 to 2033
Figure 138: East Asia Market Attractiveness by Components, 2023 to 2033
Figure 139: East Asia Market Attractiveness by Industry , 2023 to 2033
Figure 140: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 141: Middle East and Africa Market Value (US$ Million) by Deployment Mode, 2023 to 2033
Figure 142: Middle East and Africa Market Value (US$ Million) by Components, 2023 to 2033
Figure 143: Middle East and Africa Market Value (US$ Million) by Industry , 2023 to 2033
Figure 144: Middle East and Africa Market Value (US$ Million) by Country, 2023 to 2033
Figure 145: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 146: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 147: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 148: Middle East and Africa Market Value (US$ Million) Analysis by Deployment Mode, 2018 to 2033
Figure 149: Middle East and Africa Market Value Share (%) and BPS Analysis by Deployment Mode, 2023 to 2033
Figure 150: Middle East and Africa Market Y-o-Y Growth (%) Projections by Deployment Mode, 2023 to 2033
Figure 151: Middle East and Africa Market Value (US$ Million) Analysis by Components, 2018 to 2033
Figure 152: Middle East and Africa Market Value Share (%) and BPS Analysis by Components, 2023 to 2033
Figure 153: Middle East and Africa Market Y-o-Y Growth (%) Projections by Components, 2023 to 2033
Figure 154: Middle East and Africa Market Value (US$ Million) Analysis by Industry , 2018 to 2033
Figure 155: Middle East and Africa Market Value Share (%) and BPS Analysis by Industry , 2023 to 2033
Figure 156: Middle East and Africa Market Y-o-Y Growth (%) Projections by Industry , 2023 to 2033
Figure 157: Middle East and Africa Market Attractiveness by Deployment Mode, 2023 to 2033
Figure 158: Middle East and Africa Market Attractiveness by Components, 2023 to 2033
Figure 159: Middle East and Africa Market Attractiveness by Industry , 2023 to 2033
Figure 160: Middle East and Africa Market Attractiveness by Country, 2023 to 2033
The market is valued at USD 2.4 billion in 2023.
Epignosis, Cornerstone OnDemand, Axonify Inc.,are key market players.
The market is forecast to register a CAGR of 10.7% through 2033.
From 2018 to 2022, the market registered a CAGR of 8.6%.
The United States to hold a market share of 40% in 2033.
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