Each year, companies spend over 370 billion dollars on L&D globally. That’s 370 billion, with a “B.” For context, that’s more money than the net worth of 119 countries around the world.
With this large of an investment, L&D professionals feel the pressure to use training methods that provide a clear ROI. That’s why many have turned to microlearning: learning in small, targeted bursts with achievable outcomes to increase the retention of information.
Microlearning has become somewhat of a buzzword in the eLearning industry. The question is: does it work? Is microlearning revolutionizing L&D?
Let’s dig into the data to find out.
Global microlearning trends and statisticsMicrolearning is trending upward worldwide. It is projected that companies across the globe will spend more and more on this solution in the future. The industry “is expected to grow from USD 1.5 billion in 2019 to USD 2.7 billion by 2024” (source).
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