In the present day scenario, people have moved from traditional classroom learning methods to online courses which can be taken anywhere at any given time with the help of interactive learning sessions like video conferencing and discussions, without compromising with the quality of training. With the booming educational and learning sector, the demand for LMS has grown tenfold over the past few years. Learning management system (LMS) is a software technology based on web or Internet that helps in managing, planning, and delivering content for educational courses as well as corporate trainings, providing a dynamic learning environment. It also saves time and cost that is required to manage training. Thus, with the rising need for efficient learning and training tools, the market for LMS is expected to witness a significant growth over the coming years.
Drivers and Opportunities
The growth of the global market for learning management systems is primarily attributed to the following factors:
- Rising adoption rate of digital learning or e-learning
- Increasing demand for cloud-based LMS
- Increased focus on continuous learning
Moreover, it is also likely to offer new opportunities in the potential markets due to the increasing demand for blended learning and new developments and innovations in the educational sector. However, lack of skilled subject trainers may hamper the growth of this market.
Market Scenario
The global learning management systems market has been projected to grow at a CAGR of 22.8% during the forecast period, reaching USD 11.34 Billion from USD 4.07 Billion by 2020. Among regions, North America and Europe are expected to hold the largest market shares, whereas Asia-Pacific and MEA are expected to witness fast growth ahead. The organizations in the U.S. and Canada are increasingly adopting digital products in order to provide efficient services to their customers.
The key players participating in the global LMS market are Blackboard, Cornerstone OnDemand, NetDimensions, D2L, BIS Training Solutions, Pearson, McGraw-Hill, IBM, SAP, and Saba Software, among others.
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Research Scope
The global market for learning management systems has been analyzed and predicted on the basis of following segmentation:
- Products: Content Management, Performance Management, Communication and Collaboration, Administration, Learner Management, Others
- Applications: Distance Learning, Technology Training, Virtual Instructor Training
- Deployment Types: SaaS, On-Premises
- User Type: Academic, Corporate, Verticals
- Geography: North America, Europe, Asia-Pacific, Middle East & Africa, Latin America
