The Latest research study released by Absolute Markets Insights Micro-Learning And MOOCs In Education And Training Market with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth.In terms of revenue, Singapore micro-learning and MOOCs in education and training market was valued at US$ 2.44 Mn in 2022 growing at a CAGR of 16.9% over the forecast period (2022 – 2030). Some of the Major Companies covered in this Research are: Coursera Inc., Gnowbe Pte. Ltd., Skillsoft, Springer Nature, Udacity, Inc. and Udemy, Inc. amongst other industry participants.
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Singapore Micro-Learning and MOOCs in Education and Training Market:
By Offering
- Solutions
- Micro-Learning
- Massive Open Online Courses (MOOCs)
- Training and Consulting
- Implementation and Maintenance
- Design and Development
- Others
By User Type
- Individuals
- Private Sector Training Providers
- Small and Medium Enterprises
- Large Enterprises
- Small and Medium Enterprises
- Large Enterprises
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Massive open online courses (MOOCs) are a set of online courses which are aimed at increasing learning participation by increasing the availability of the courses through the medium of the internet. Students, individuals, and professionals from any corner of the world can be a part of the course, and gain certification. A typical MOOC will have most of the materials which are provided in regular courses, and they include video lectures, problem sets, quizzes, PDFs, amongst others. However, MOOC courses with interactive sessions with the students are also being developed to enhance student-trainer relationship, along with doubt clearing. Microlearning, on the other hand, is a set of short courses (or videos) which delivers short bursts of information for learners, which can be grasped based on their convenience. Microlearning content can include text, images, videos, audios, tests and quizzes, and even games.
The Southeast Asian countries are on an accelerated track of digitization, and the micro-learning and MOOCs in education and training market has significant growth potential in these countries. In Southeast Asia, companies are largely focussing on providing MOOCs and micro-learning programs in regional languages to attract more individuals. MOOC in Indonesia, for instance, is an online platform that provides MOOCs programs to individuals and corporates in the Indonesian (Bahasa) language. Furthermore, the government bodies in the region are heavily focussing on MOOCs programs. This is because the growth in population in Southeast Asia is creating a digitally skilled workforce, and government bodies are looking towards capitalizing on the same to boost the economy.
Singapore, in particular, is massively investing towards enhancement of their skilled workforce which is aiding the growth of micro-learning and MOOCs in education and training market. In mid-2020, Nanyang Technological University, for instance, with an aim to encourage their students to become independent and self-driven, allowed each of their undergraduate student to use MOOCs to fulfil about 10% of their graduation requirement. Through this initiative, 60 percent of the undergraduates, which include about 14,000 students, were able to complete at least one MOOC each. Market participants, simultaneously, are capitalising on this opportunity and establishing strategic collaborations with educational institutions, to target a larger consumer base.
The Covid-19 pandemic has showcased enormous growth in the e-learning sector, globally. Organizations, specifically, have invested largely towards the development of eLearning materials for their staff’s onboarding and continuous training, since the entire workforce had to operate remotely. In order to optimise their time, organizations have subscribed to platforms, which curate and provide virtual training materials. The platform were regarded as extremely helpful across the healthcare sector. Amidst the Covid-19 pandemic, Tan Tock Seng Hospital (TTSH) hosted micro-learning programs to train their staff to address the pressing challenges concerning the on-going situations.
Micro-Learning And MOOCs In Education And Training Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.
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