Corporate M-Learning Market to grow at a CAGR of 24.68% during 2024-2028
The Corporate M-Learning Market is expected to grow at a CAGR of 24.68% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 62.8 billion. The corporate m-learning market is witnessing a surge in the adoption of game-based learning initiatives, driven by their ability to enhance learner engagement and improve training quality on a global scale. This trend is leading corporations to integrate various m-learning solutions into their traditional training programs. Notably, governments in major economies such as the US, the UK, and China are actively encouraging this shift. Game-based learning offers several advantages, including fostering a sense of achievement, influencing behavior change, and invoking healthy competition. As a result, partnering with a reputable gamification solution provider is becoming a strategic investment for corporations seeking to optimize their m-learning offerings.
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Technavio analysts predict that the Technical corporate m-learning subsegment will lead the Type segment during 2024 and 2028 The corporate m-learning market represents a significant growth opportunity for businesses seeking to enhance employee training and development. This sector is characterized by the delivery of educational content via mobile devices, enabling flexibility and accessibility for professionals on-the-go. Market projections indicate a robust expansion, driven by the increasing adoption of mobile technologies and the need for continuous learning in today's dynamic business landscape.
Here are the various ways based on which the market is segmented:
There are several factors that are causing the market to flourish reduction in employee training cost for employers
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Corporate learning is evolving, with a shift from traditional in-class methods to more modern, technology-driven approaches. Simulation-based learning and online-on-the-job training are becoming increasingly popular, enabling employees to learn at their own pace and on the go. M-enablement of learning content, through Mobile Content Authoring, is making learning more accessible on tablets, laptops, and mobile devices. Interactive assessments, video lectures, and e-books are essential components of these mobile learning solutions. Machine learning (ML) and artificial intelligence (AI) are revolutionizing corporate learning with personalized, scalable, and cloud-based learning platforms. These platforms offer interactive assessment, game-based learning, and practical training methods to workforces, including remote teams. Mobile app development is a key aspect of m-learning, ensuring learning content is accessible on smartphones. Portable Learning Management Systems (LMS) and examinations are also crucial for effective remote workforce training. Overall, these advances in corporate learning are transforming the way employees acquire new skills and knowledge.
In the corporate m-learning market, key inputs include capital investments, skilled instructors, instructional materials, and advanced technology platforms for delivering on-campus and online learning experiences. Effective pitching and profiling operations are crucial, enabling firms to comprehend clients' business needs and offer superior value propositions. Concurrently, resourcing and communication operations streamline workflows, optimizing resources through project management, resource planning, enhanced client engagement, and communication. These strategies ultimately increase the likelihood of positive value perceptions and client satisfaction.
The Corporate M-Learning Market is experiencing significant growth, fueled by the reduction in employee training cost for employers. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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