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According to a new report, published by KBV research, The Global Social Learning Platforms Market size is expected to reach $191.4 billion by 2031, rising at a market growth of 7.5% CAGR during the forecast period.
The Cloud-Based segment captured the maximum revenue in the Global Social Learning Platforms Market by Deployment Mode in 2023, thereby, achieving a market value of $125.5 billion by 2031. Organizations increasingly prefer cloud-based social learning platforms due to their remote accessibility, enabling seamless collaboration among geographically dispersed teams. These platforms eliminate the need for significant upfront investments in infrastructure and maintenance as providers handle updates and technical support.
The Large Enterprises segment is experiencing a CAGR of 7.2 % during the forecast period. These organizations often prioritize continuous employee development to maintain competitiveness and ensure alignment with business objectives. Social learning platforms help large enterprises foster collaboration, innovation, and knowledge sharing across teams, enhancing productivity and performance. Additionally, their ability to customize platforms, integrate them with existing systems, and access advanced analytics further drives adoption.
The Learning Management System (LMS) segment led the maximum revenue in the Global Social Learning Platforms Market by Type in 2023, thereby, achieving a market value of $101.5 billion by 2031. LMS platforms offer structured learning pathways, easy course administration, and comprehensive learner progress tracking, making them indispensable for organizations and educational institutions. Their ability to centralize training materials, ensure compliance, and provide certifications enhances their appeal, particularly in corporate and academic settings.
The Education segment is growing at a CAGR of 6.6 % during the forecast period. The shift to remote and hybrid learning models during and after the COVID-19 pandemic has accelerated the adoption of social learning platforms, enabling educators to facilitate collaborative and interactive learning experiences. These platforms help institutions enhance student engagement through discussion forums, peer-to-peer collaboration, and gamified content.
Full Report: https://www.kbvresearch.com/social-learning-platforms-market/
The North America region dominated the Global Social Learning Platforms Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $70 billion by 2031. The Europe region is anticipated to grow at a CAGR of 7.2% during (2024 - 2031). Additionally, The Asia Pacific region would witness a CAGR of 8.1% during (2024 - 2031).
By Deployment Mode
By Enterprise Size
By Type
By End User
By Geography
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