Due to increasing expenditure of ICT in the developed and developing regions by the government, the global LMS market is witnessing incredible growth. The global LMS market size stood at $9.23 billion as of 2018, as per the evaluations of a fresh business report from IndustryARC. Moreover, the report projects the opportunities to grow at an impressive compound annual growth rate (CAGR) of 19.65% during the forecast period of 2019 to 2025. Owing to this, most of the third-party vendors and their clients are switching to a cloud-based solution from on-premises deployment.
The IndustryARC report is titled “Corporate Learning Management System Market – Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast (2019 – 2025).” It incorporates that the increasing adoption of digital learning, enterprise mobility, Bring Your Own Device (BYOD), and constantly growing usage of Artificial Intelligence and Machine Learning is continuously increasing its market value. One of the most significant factor which is gaining traction from the academic sector is E-Learning and standard educational courses.
LMS Market: Leading Segments
The key application segment identified by the IndustryARC’s analyst is the corporate users. The e-learning concept has revolutionized corporate employee training. And LMS is very valuable for small and large corporate companies as it keeps the private training document safe. The key application segment was projected to grow at an outstanding CAGR of 22.96% during the aforementioned forecast period.
Geographically, North America is the key region which is primed for growth and accounted for the largest share of 38.05% as of 2018 in the LMS market. The major companies are targeting the region in order to tap into their potential market. Currently, it is observed that the citizens of North America are using e-learning tool in the learning technology which has significantly boosted the LMS market revenue. Another trend followed in North America is the adoption of technological advancement handheld devices such as mobile phones and tablets by most of the people are driving the growth of the LMS market. However, the country is strongly under the surveillance of government standards and regulations.
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LMS Market: Market Trend and Growth Drivers
Cloud Deployment
In the current era, instead of installing the required management software the trainers are now uploading the content and interacting with the learners via the internet. This deployment has various features which have enhanced the security, quicker deployment, and more storage space.
This has certainly increased the demand for the LMS market.
Growing Adoption of e-Learning Platform
Due to technological up gradation in the various sector, the demand for web-based learning platform is favoring growth for the LMS market. The sector highly affected with LMS is the educational institutions and it will nourish this sector fruitfully.
Increasing Demand for BYOD
With the increasing rate of digital technology adoption and growing preference of BYOD, the companies are majorly targeting to implement LMS for the integrated corporate employees over smartphones.
Growth of Internet of Things (IoT)
The government is investing ample money in IoT technology in almost every region of the world. This is a technology that has affected the companies on a corporate level too. Thus, the learning management system (LMS) market is expected to propel the market development.
LMS Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority shares in the global LMS market are McGraw Hill, SumTotal Systems LLC, Absorb Software LLC, Instructure Inc, iSpring Solutions, Inc, G-Cube, Latitude CG, LLC, UpsideLMS, Paradiso, Cornerstone OnDemand, Blackboard, Saba Software, D2L Corporation, Adobe Systems, SkyPrep Inc, and Knowledge Anywhere, CrossKnowledge, Oracle), SAP SE, Docebo, Schoology, IBM, and Epignosis, MPS Interactive.
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Related Reports:
A. Healthcare Learning Management System Market
https://industryarc.com/Report/18045/healthcare-learning-management-systems-market.html
B. Mobile Learning Market
https://industryarc.com/Report/18701/mobile-learning-market.html
What can you expect from the report?
The LMS market is Prepared with the Main Agenda to Cover the following 20 points:
1. LMS market Size by Product Categories & Application
2. LMS market trends & Relevant Market Data
3. Manufacturer Landscape
4. Distributor Landscape
5. Pricing Analysis
6. Top 10 End-user Analysis
7. Product Benchmarking
8. Product Developments
9. Mergers & Acquisition Analysis
10. Patent Analysis
11. LMS liver transplantation market Demand Analysis (Revenue & Volume)
12. Country-level Analysis
13. Competitor Analysis
14. LMS market Shares Analysis
15. Value Chain Analysis
16. Supply Chain Analysis
17. LMS market Strategic Analysis
18. LMS market Current & Future Market Landscape Analysis
19. Opportunity Analysis
20. LMS market Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC publish country or application based reports in LMS market segment?
Answer: Yes, we do have separate reports as mentioned below:
1. Australia Learning Management System
2. Brazil Learning Management System in Education Sector Market
Q. Does IndustryARC provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in the application or end-user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end-use segment.
Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more our consulting services.
About IndustryARC:
IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.
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