Absolute Markets Insights added recently released new research report on Micro-Learning And MOOCs In Education And Training Market 2022 by Top Manufacturers, Regions, Type and Application, Forecast provides updates and information related to industry coverage, current market competitive status, and market outlook. Micro-Learning And MOOCs In Education And Training market report is a particular investigation of the business which clarifies what the market definition, arrangements, applications, commitment, and worldwide industry patterns are. This market research report serves to be an exceptionally huge segment of business system. Excellent practice models and method of research utilized while generating this industry report reveals the best opportunities to thrive in the market. With the market data of this report, emerging trends along with major drivers, challenges and opportunities in the market for Micro-Learning And MOOCs In Education And Training industry can be identified and analysed. Micro-Learning And MOOCs In Education And Training market report presents market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, their preferences for particular product and market demand and supply scenarios.
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Increasing Penetration of Mobile Devices to Boost Market Growth
The growth of smart devices and the internet played a prominent role in the adoption of MOOCs as well as micro-learning, since the individuals could access the materials from the comfort of their home. The convenience and ease of accessibility provided by mobile devices is furthering adoption of micro-learning programs, especially across the corporate professionals, which is estimated to accelerate the growth of Singapore micro-learning and MOOCs in education and training market over the forecast period. Singapore has been regarded as amongst the nations with highest smartphone penetration. According to a study, more than 90% of adults in Singapore use smartphones. Furthermore, MOOCs and micro-learning providers are increasingly relying on app-based learning, predominantly due to the growth in smartphones amongst individuals. Hence, favourable consumer demographics along with established infrastructure is favouring the growth of micro-learning and MOOCs in education and training market in Singapore.
Impact of Covid-19 on Singapore Micro-Learning and MOOCs in Education and Training Market
The COVID-19 pandemic has impacted the operations of businesses around the globe. The pandemic has considerably affected the ways in which companies operate, and numerous firms had to implement work from home initiatives to cope up with the spread of Coronavirus. The pandemic has accelerated the adoption of digital services in companies. The corporates are largely focussing on skill development, as well as employee re-skilling, as there has been a significant reduction in revenue in sectors such as manufacturing, automotive, travel and hospitality, amongst others. MOOCs and micro-learning helps the employees to gain different skills from the comfort of their home. Also, MOOCs and micro-learning emerged as a go-to option during the pandemic period, as individuals were mostly stuck at home. Artificial intelligence and data science MOOCs and micro-learning programs gained significant attention during the pandemic, especially amongst working professionals.
Some of the players operating in the Singapore Micro-Learning and MOOCs in education and training market are Coursera Inc., Gnowbe Pte. Ltd., Skillsoft, Springer Nature, Udacity, Inc. and Udemy, Inc. amongst other industry participants.
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