“Global Social Learning Platforms Market to reach a market value of 191.4 Billion by 2031 growing at a CAGR of 7.5%”
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 North America segment witnessed 38% revenue share in the social learning platforms market in 2023. The region’s advanced technological infrastructure and widespread adoption of digital tools in education and corporate training drive the regional market. The presence of major players like Coursera, LinkedIn Learning, and Udemy, combined with significant investments in e-learning platforms by enterprises and educational institutions, has fueled market growth.
The COVID-19 pandemic drastically reshaped how people work and learn, bringing remote learning and online education to the forefront. Schools and workplaces transitioned to virtual environments, which resulted in a surge in demand for interactive and collaborative learning tools. These platforms became essential in replicating classroom-like experiences online, fostering engagement and collaboration among users. Platforms like Zoom, integrated with Google Classroom or Moodle, enabled breakout rooms for discussions, live quizzes, and shared projects, transforming traditional e-learning into an engaging experience. Hence, these cases illustrate the growing adoption of these platforms.
Additionally, Artificial Intelligence (AI) and Machine Learning (ML) are at the forefront of these innovations, driving personalized learning experiences. AI-powered tools analyze user behavior, learning preferences, and progress to deliver tailored content recommendations, ensuring learners receive the most relevant material for their needs. For instance, platforms like Edmodo use AI to suggest resources based on a learner’s performance and interests. Thus, these advancements ensure that these platforms continue to evolve.
However, these platforms thrive on user interaction, collaboration, and the exchange of information. These platforms often require participants to share personal or organizational details, ranging from contact information to proprietary business insights. While this open exchange is a cornerstone of social learning, it raises significant privacy and security concerns. These platforms are vulnerable to cyber threats, including data intrusions, phishing, and hacking, due to their digital nature. Hence, the adoption of these platforms may face significant roadblocks, especially in industries where data confidentiality is critical.
Based on deployment mode, the social learning platforms market is bifurcated into cloud-based and on-premises. The on-premises segment procured 32% revenue share in this market in 2023. Industries handling confidential information, such as healthcare, finance, and government, frequently prefer on-premises social learning platforms to mitigate risks associated with third-party data management and ensure data privacy.
On the basis of enterprise size, the social learning platforms market is classified into large enterprises and small & medium-sized enterprises. The small & medium-sized enterprises segment recorded 31% revenue share in this market in 2023. SMEs are leveraging these platforms to upskill employees, enhance team collaboration, and improve overall efficiency, often choosing cloud-based solutions for their affordability and ease of implementation. As digital transformation accelerates, SMEs embrace these platforms to remain competitive.
By type, the social learning platforms market is divided into learning management system (LMS), learning experience platforms (LXP), and others. The learning experience platforms (LXP) segment garnered 34% revenue share in this market in 2023. LXPs leverage advanced technologies like artificial intelligence and machine learning to curate tailored learning content, enabling users to explore relevant resources at their own pace. The platforms’ focus on user engagement, collaborative learning, and social sharing makes them particularly appealing to organizations prioritizing workforce upskilling and innovation.
Based on end user, the social learning platforms market is segmented into education, corporate, BFSI, retail, government, healthcare, and others. The corporate segment acquired 27% revenue share in this market in 2023. Organizations increasingly leverage these platforms to upskill their workforce, foster innovation, and drive employee engagement. These platforms are indispensable for businesses that operate in competitive and dynamic environments, as they facilitate the seamless exchange of knowledge among teams, particularly in geographically dispersed organizations.
Free Valuable Insights: Global Social Learning Platforms Market size to reach USD 191.4 Billion by 2031
Region-wise, the social learning platforms market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Europe segment garnered 30% revenue share in this market in 2023. Governments and educational bodies in Europe, such as the European Commission’s Digital Education Action Plan, have prioritized the integration of collaborative e-learning tools to enhance accessibility and skill development.
Report Attribute | Details |
---|---|
Market size value in 2023 | USD 108.7 Billion |
Market size forecast in 2031 | USD 191.4 Billion |
Base Year | 2023 |
Historical Period | 2020 to 2022 |
Forecast Period | 2024 to 2031 |
Revenue Growth Rate | CAGR of 7.5% from 2024 to 2031 |
Number of Pages | 282 |
Number of Tables | 460 |
Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
Segments covered | Deployment Mode, Enterprise Size, Type, End User, Region |
Country scope |
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Companies Included | Memrise, Udemy, Inc., Babbel GmbH, Verbling, Inc.(Busuu Online S.L.), Duolingo Inc., Coursera, Inc., Preply Inc., edX, Inc., Blackboard, Inc., and SAP SE |
By Deployment Mode
By Enterprise Size
By Type
By End User
By Geography
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