PUBLISHER: KBV Research | PRODUCT CODE: 1616551
PUBLISHER: KBV Research | PRODUCT CODE: 1616551
The North America Social Learning Platforms Market would witness market growth of 7.0% CAGR during the forecast period (2024-2031).
The US market dominated the North America Social Learning Platforms Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $50,241.6 million by 2031. The Canada market is experiencing a CAGR of 9.2% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 8.4% during (2024 - 2031).
This market is rapidly expanding, driven by the increasing demand for interactive, collaborative, and flexible learning solutions across various sectors. As digital transformation redefines how individuals and organizations approach education and training, social learning platforms have become pivotal in bridging gaps and enhancing the learning experience.
One of the key drivers of this market is the shift toward remote and hybrid work models, accelerated by the COVID-19 pandemic. During this period, traditional learning methodologies faced significant disruptions, highlighting the limitations of conventional online education. These platforms filled this void by offering tools replicating classroom-like experiences in virtual spaces.
Mexico is witnessing increasing demand for these platforms as it seeks to modernize its education and workforce development systems. The government's focus on improving digital literacy through initiatives like Digital Mexico has laid a foundation for adopting e-learning tools. A notable trend in Mexico is the rising use of mobile-first learning solutions as smartphone penetration grows nationwide. These platforms are being utilized to address skill gaps in industries such as manufacturing and telecommunications, with localized content playing a critical role in engaging learners from diverse linguistic and cultural backgrounds. Thus, North America is a powerhouse in this market.
Based on Deployment Mode, the market is segmented into Cloud-Based, and On-Premises. Based on Enterprise Size, the market is segmented into Large Enterprises, and Small & Medium-sized Enterprises. Based on Type, the market is segmented into Learning Management System (LMS), Learning Experience Platforms (LXP), and Other Type. Based on End User, the market is segmented into Education, Corporate, BFSI, Retail, Government, Healthcare, and Other End User. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
North America Social Learning Platforms Market Report Segmentation
By Deployment Mode
By Enterprise Size
By Type
By End User
By Country