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Singapore Micro-Learning and MOOCs in Education and Training Market 2021 – 2029; Know the Analysis and Trends

Published On 03 Dec 2021 11:54 AM


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Singapore micro-learning and MOOCs in education and training market was valued at US$ 2.44 Mn in 2020 and is projected to grow at a CAGR of 16.9% over the forecast period. Substantial increase in the number of enterprises that are using micro-learning and MOOCs for employee training purposes is expected to propel the market growth over the period of next eight years. MOOCs initially gained popularity due to the government initiatives to promote online learning in Singapore. Platforms such as Alison, Udemy, Coursera, Khan Academy, etc., are globally acclaimed MOOCs platforms which contain micro-learning content as well. Singapore has a strong economy, and the government bodies in Singapore are investing heavily in creating a digital workforce, as the nation is gearing up towards being the first smart country on Earth. Hence, the Singapore government is encouraging the adoption of MOOCs and micro-learning programs for skill development. Another major aspect of the Singaporean economy is the higher investment in MOOCs amongst the corporate sector in Singapore. Companies are investing in skill-development of their employees, and they are providing MOOCs and micro-learning programs at no additional cost to their employees.

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MOOCs programs, based on emerging technologies such as Artificial Intelligence, data science, blockchain, cryptocurrency, medical imaging, internet of things (IoT), etc., are becoming increasingly popular in Singapore. Government bodies are largely focussing on these topics as well, since Singapore is trying to become heavily digitized in the future, due to which they require a digitally skilled workforce which is capable of tackling national issues. On Udemy, for instance, there are around 350 courses based on Artificial Intelligence alone.

Rising Demand for Skill Enhancement

Government bodies in Singapore are increasingly promoting the adoption of MOOCs platforms amongst individuals as well as professionals, which is profusely contributing towards the growth of Singapore micro-learning and MOOCs in education and training market. Certain bodies are also launching their own MOOCs, some of which are provided freely. Singapore’s Infocomm Media Development Authority, for instance, came up with a MOOC initiative which caters to the working individuals in the country, and had massive participation from both public and private sector alike. The course specialized in data science, as the subject is in demand. Studies show that there will be a shortage of data scientists in Singapore, and data science almost has a demand of 17 times as compared to the supply.

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Increasing Penetration of Mobile Devices to Boost Market Growth

The growth of smart devices and the internet played a prominent role in the adoption of MOOCs as well as micro-learning, since the individuals could access the materials from the comfort of their home. The convenience and ease of accessibility provided by mobile devices is furthering adoption of micro-learning programs, especially across the corporate professionals, which is estimated to accelerate the growth of Singapore micro-learning and MOOCs in education and training market over the forecast period. Singapore has been regarded as amongst the nations with highest smartphone penetration. According to a study, more than 90% of adults in Singapore use smartphones. Furthermore, MOOCs and micro-learning providers are increasingly relying on app-based learning, predominantly due to the growth in smartphones amongst individuals. Hence, favourable consumer demographics along with established infrastructure is favouring the growth of micro-learning and MOOCs in education and training market in Singapore.

Impact of Covid-19 on Singapore Micro-Learning and MOOCs in Education and Training Market

The COVID-19 pandemic has impacted the operations of businesses around the globe. The pandemic has considerably affected the ways in which companies operate, and numerous firms had to implement work from home initiatives to cope up with the spread of Coronavirus. The pandemic has accelerated the adoption of digital services in companies. The corporates are largely focussing on skill development, as well as employee re-skilling, as there has been a significant reduction in revenue in sectors such as manufacturing, automotive, travel and hospitality, amongst others. MOOCs and micro-learning helps the employees to gain different skills from the comfort of their home. Also, MOOCs and micro-learning emerged as a go-to option during the pandemic period, as individuals were mostly stuck at home. Artificial intelligence and data science MOOCs and micro-learning programs gained significant attention during the pandemic, especially amongst working professionals.

Some of the players operating in the Singapore Micro-Learning and MOOCs in education and training market 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)
  • Services
    • Training and Consulting
    • Implementation and Maintenance
    • Design and Development
    • Others

By User Type

  • Individuals
  • Private Sector Training Providers
    • Small and Medium Enterprises
    • Large Enterprises
  • Corporates
    • Small and Medium Enterprises
    • Large Enterprises
  • Government

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Press Release Provided By: Absolute Markets Insights