The North America Social Learning Platforms Market is expected to 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 is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $50.24 billion by 2031. The Canada market is experiencing a CAGR of 9.2% during 2024-2031. Additionally, the Mexico market is expected to 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.
The US market dominated the North America Social Learning Platforms Market by country in 2023, and is expected to continue to be a dominant market till 2031; thereby, achieving a market value of $50.24 billion by 2031. The Canada market is experiencing a CAGR of 9.2% during 2024-2031. Additionally, the Mexico market is expected to 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.
List of Key Companies Profiled
- Memrise
- Udemy, Inc.
- Babbel GmbH
- Verbling, Inc.(Busuu Online S.L.)
- Duolingo Inc.
- Coursera, Inc.
- Preply Inc.
- edX, Inc.
- Blackboard, Inc.
- SAP SE
Market Report Segmentation
By Deployment Mode- Cloud-Based
- On-Premises
- Large Enterprises
- Small & Medium-sized Enterprises
- Learning Management System (LMS)
- Learning Experience Platforms (LXP)
- Other Type
- Education
- Corporate
- BFSI
- Retail
- Government
- Healthcare
- Other End User
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 5. North America Social Learning Platforms Market by Deployment Mode
Chapter 6. North America Social Learning Platforms Market by Enterprise Size
Chapter 7. North America Social Learning Platforms Market by Type
Chapter 8. North America Social Learning Platforms Market by End User
Chapter 9. North America Social Learning Platforms Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- Memrise
- Udemy, Inc.
- Babbel GmbH
- Verbling, Inc.(Busuu Online S.L.)
- Duolingo Inc.
- Coursera, Inc.
- Preply Inc.
- edX, Inc.
- Blackboard, Inc.
- SAP SE
Methodology
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