NANO LEARNING SOFTWARE MARKET (2023 - 2030)

The Nano Learning Software Market is growing at a considerably faster pace with substantial growth rates over the past few years and is anticipated to grow significantly in the next few years.In 2022, the Global Nano Learning Software Market was valued at $0.96 billion and is projected to reach a market size of $2.66 billion by 2030. Over the forecast period of 2023-2030, the market is projected to grow at a CAGR of 13.6%.

Market Overview:

Nano learning is a series of short streams of learning material, lasting no longer than 2-3 minutes. Nano learning usually addresses a single objective. The programs can be streamed through different models such as short e-learning video tutorials with text, images, and audio for creating onboarding programs or sales training programs. They are usually short video-based learning solutions from 20 seconds to two minutes, for quick learning, or insights. The major focus nano learning puts on are: They are goal-oriented and it leads to instant learning. It applies the “Less is More” approach. Content is introduced in easy-to-digest chunks involving less time to learn and easy-to-grasp things. The increasing internet penetration worldwide will drive industry growth. The growing telecom & broadband sector has increased making economical internet connectivity plans more accessible. According to a report by the International Telecommunication Union (ITU) in 2021, around 4.9 billion individuals used the internet globally compared to 4.1 billion in 2019. With the rising number of internet users, more people will be able to access digital platforms for learning courses or completing formal degree programs.

Covid-19 Impact on the Nano Learning Software Market:

The COVID-19 pandemic had a positive impact on the nano-learning software market. The increasing employee safety concerns have inspired corporates to implement work-from-home culture to continue their daily operational activities. This has initiated limitations for companies in terms of training, communication, monitoring progress, and upskilling, augmenting the demand for these software platforms among large enterprises and SMEs. To aid in the surging demand, several companies are aiming on developing customized nano-learning solutions. For example, in April 2021, LinkedIn Corporation introduced its plans for an online portal designed to provide its staff with short training videos & materials on subjects on management strategy and machine learning.

Market Drivers:

Growing adoption of Learning Management System technology is boosting the demand for Nano Learning Software augmenting the market growth:

The learning management systems will project a growth rate of about 22% through 2028 owing to the rising technology utilization in the education sector. The user-friendly and interactive user interface of the software allows users to manage and arrange the content and has fueled its deployment across the globe. For example, in February 2021, the Berlin Senate Department for Education entered into an agreement to provide LMS platforms to schools in Berlin. In the first phase, the software was made accessible to around 50,000 users and to 400,000 teachers & students. The contract consists of a Big Blue Button video conferencing tool, user licenses, training, integrations, and project management.

The rising investment in the R&D sector for the academic and corporate end-users is boosting the market size for nano-learning software:

With the penetration of the internet and the increase in the number of smartphone devices driven by profit and the rising focus of enterprises on expanding their product and service portfolios, large investments are made in the research and development of new methods and technologies to revolutionize the idea of education along with digitization. Also, with the sudden outbreak of the pandemic and the complete shutdown of the economy including schools and colleges, these software platforms really benefitted from the situation and encourages companies to launch more innovative solutions catering to the surging demand for it.

Market Restraints:

High cost of technology and lack of skilled experts may hamper the global market size growth:

The high cost of technology along with the scarcity of digital knowledge and affordable economic data plans are together restricting the overall market growth of nano-learning software market.

Underdeveloped information and communication technology infrastructure in the less developed and developing nations hinder the growth of global market size:

Developed countries have undoubtedly facilitated the infinite potential of the internet and ICT in every stratum of society. This had resulted in significant cost reduction and increased standard of living for their citizens. However, many underdeveloped and developing nations are yet to gain all the potential of ICT due to reasons such as poor technical infrastructure, legal deficiencies, social barriers, or lack of skilled human resources.

NANO LEARNING SOFTWARE  MARKET REPORT COVERAGE:

This research report on the Nano Learning Software Market has been segmented and sub-segmented based on the Technology, Provider, Application, Region, and Companies.

Nano Learning Software Market – By Technology.

• Online e-learning

• Learning Management System (LMS)

• Mobile e-learning

• Rapid e-learning

• Virtual classroom

• Others

Online e-learning stands as the largest segment in the Nano Learning Software market. Online e-learning provides learners with the convenience of accessing learning content via the internet. With the increasing popularity of online education and remote learning, the demand for Online e-learning solutions has surged significantly. The flexibility to learn at one's own pace and the availability of a diverse range of courses contribute to the widespread adoption of this technology are the factors that have asserted it dominance in the market.

The Learning Management System (LMS) technology is projected to be the fastest-growing segment in the Nano Learning Software market. LMS solutions are gaining traction due to their ability to manage, deliver, and track learning content effectively. Organizations are increasingly adopting LMS to streamline their training and development initiatives, making it easier for employees to access nano-learning modules and track their progress.

Nano Learning Software Market – By Provider

• Service

• Content

The Content segment dominates the Nano Learning Software market in terms of revenue share. This dominance stems from its vital role in creating and delivering captivating nano-learning modules to learners. The quality and pertinence of the content have a substantial influence on the success of nano-learning experiences as they have addressed and provided the varied learning requirements of both individuals and organizations.

The Service segment is anticipated to be the fastest-growing segment and is estimated to hold a substantial market share during the forecast period. Service providers in the Nano Learning Software market offer a range of support services, including customization, implementation, and technical support. As the demand for nano-learning solutions increases, organizations seek professional services to ensure seamless integration and optimal utilization of these software platforms.

Nano Learning Software Market – By Application.

• Academic

  • K-12

  • Higher education

  • Vocational training

• Corporate

  • SMBs

  • Large enterprises

• Government

Based on application, the nano learning software market has been segmented into 3 major segments – Academic, Corporate, and Government.

Nano Learning Software Market – By Region.

• North America

• Europe

• Asia-Pacific

• South America

• Middle-East and Africa

The Academic sector holds the largest share of the Nano Learning Software market. Educational institutions, from schools to universities, are increasingly adopting nano-learning solutions to enhance the learning experience for students. Nano Learning Software enables educators to deliver engaging and bite-sized content, making learning more accessible and effective. With the rising demand for remote and personalized learning, the Academic sector drives the growth of nano-learning adoption.

The Corporate sector is projected to be the fastest-growing segment in the Nano Learning Software market. Corporate organizations recognize the importance of continuous learning and upskilling to stay competitive in the evolving business landscape. Nano Learning Software caters to the specific learning needs of employees, offering quick and targeted training modules. As organizations embrace nano-learning for workforce development, the Corporate sector is anticipated to experience significant growth.

Nano Learning Software Market – By Companies.

1. Apollo Education Group

2. Blackboard

3. Oracle

4. Pearson

5. Aptara

6. Adobe

7. Skillsoft

8. Niit

9. Cisco

The nano-learning software market is highly competitive, owing to the existence of some high-end international players in the market. Key major manufacturers performing in the global market are focusing on developing new technology and products in the international market to help them expand their business on a global scale as well as strengthen their product portfolio.