LMS Market Size Research Report

 

Growth opportunities in the LMS Market look promising over the next six years. This is mainly due to the rising adoption of internet of things (IoT) and increasing adoption of electronic learning services to train their employees.

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LMS Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

Some of the prominent factors driving the growth of the global LMS market include the augmenting acquisition of e-learning platforms, increasing implementation of the internet of things (IoT), and a surge in demand for bring your own device (BYOD). Also, organizations are largely choosing e-learning services to train and educate their employees owing to the inducing expenditure of traditional teaching methods. Moreover, several companies are providing learning management solutions for various purposes. For example, the rising preference of corporate towards the BYOD culture led by the increase in affinity of the system with mobile devices and social earning will propel the market growth. The widespread outbreak of the COVID-19 pandemic has positively influenced the market demand. This is because the coronavirus resulted in a temporary closure of colleges and schools throughout the world. Additionally, the crisis has transformed the education system, which has bolstered the demand for online learning platforms. Strick lockdown norms have obligated the trainers and faculty to endorse proactive online learning and teaching methods. These factors together have strengthened the market growth.

Delivery Mode Segment Drivers

Based on the delivery mode, instructor-led training is predicted to witness a faster CAGR over the forecast period. This is primarily attributed to the feature of LMS to personalize the content as consumers prefer a learning style to keep trainees as a priority. Additionally, in this training process, one instructor plays a major role by giving instructions to other learners. Moreover, various organizations follow this process to educate their employees where experienced employees play the role of the instructor and less experienced take the role of a learner. All this together will propel the market share.

Regional Drivers

Based on the regional coverage, North America is expected to expand at a higher CAGR over the forecast period. This is because of the increased implementation of eLearning tools and technological expansion in learning methodologies. In addition, the efficient incorporation with organizations and universities between institutions and network arenas has stimulated the educators to be more receptive towards changes in technologies, thereby supplementing the market growth.

LMS Market’s leading Manufacturers:

·        Docebo

·        CrossKnowledge

·        Saba Software

·        McGraw Hill

·        D2L Corporation

·        PowerSchool

·        Xerox Corporation

·        Pearson

·        Cornerstone

·        Blackboard Inc

LMS Market Segmentation:

Segmentation by User Type

·        Higher Education

·        K-12

·        Government

·        Business

Segmentation by Deployment Model

·        Cloud-Based

·        On-Premises

Segmentation by Delivery Mode

·        Distance Learning

·        Instructor-Led Training

Segmentation by Application

·        Administration

·        Content Management

·        Performance Management

·        Others

Segmentation by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

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