Learning Management System (LMS) Market 2022 - Market Size & Forecast, Industry Trends, Manufacturers Analysis, & Opportunities 2030

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A learning management system (LMS) is basically a web-based software platform for the administration, management, automation, and delivery of online educational courses, training programs, or learning and development programs. It provides all the necessary tools and infrastructure for offering online training and facilitates companies and academic institutions to create and manage courses, lessons, and other training materials for various activities.


Learning management system (LMS) offers benefits such as: unlimited reusability, 24x7 remote access, interoperability, tracking of user performance and learner progress, social media integration for better interaction, centralized content, fair evaluation, cost benefits, compliance management for enterprises, maintenance ability and the presence of an effective feedback structure.

The global learning management systems market includes players who offer different learning management system solutions and services for various end-user segments. The global learning management system market is expected to expand at a compounded annual growth rate (CAGR) of 18.2% over the forecast period 2022-2030.

Growth Drivers:

With the growing emphasis on continuous learning practices and productive ways due to the changing business requirements and economic conditions, learning management systems are widely accepted and adopted across enterprises, HEOs (Higher education Organizations), and businesses worldwide. Also, the penetration of smartphones, high-speed internet, and the number of connected devices in IoT is rapidly rising. Both these factors are primarily driving the growth of the global learning management system market.

Additionally, some leading players operating in the global learning management system market have been allocating substantial funds to R&D activities. These activities focus on developing advanced tools involved in the process of learning across the academic and corporate user segments. The incorporation of Artificial Intelligence (AI) and Machine Learning (ML) has enabled the prediction of the learner’s behavior and is also aiding programs in creating personalized learning patterns. Technologies like gamification & virtual reality, which are used for drawing attention and engaging the users, have successfully redefined the entire learning process.  The implementation of LMS over smartphones for integrated employees training and the advent of the Tin Can API technology is also projected to create ample opportunities for the growth of the global learning management system market during the forecast period. For instance, In May 2021, Crystal Delta recently introduced Loree for Blackboard to support educators in enhancing the learning experience through simplified course design and editing.

Moreover, governments across the globe are investing huge sums of money and are also launching various supportive initiatives focused on incorporating modernized learning tools such as LMS in training programs of institutions and enterprises. Additionally, they are also reinforcing the requirement for open educational materials free of cost and legal to ensure literacy and development among the students. These constant efforts made by governments to enhance the accessibility of education to a larger section of the population and improve the education infrastructure across rural and urban areas fuel the adoption of online learning technologies, which, in turn, is driving the growth of the global learning management system market.

Furthermore, the growing bring your own device (BYOD) policy and enterprise mobility among educational institutions, the surging demand for web-based learning platforms among academics, and the increasing trend of micro-learning are further expected to bolster the growth of the global learning management system market during the forecast period.

On the other hand, the dearth of technical support post-implementation of LMS, and the lack of skilled trainers and IT infrastructure in underdeveloped nations, and the low motivation and engagement by organizations for adopting LMS solutions due to less control and potential technology issues are expected to restrict the growth of the global learning management system market during the forecast period of 2022-2030.

Learning Management System (LMS) Market Segmentation:

By Product Offering:

·         Solutions

o    Content Management

o    Performance Management

o    Administration

·         Services

o    Training and Support

o    Implementation

o    Strategy and Consulting

o    Design and Development

 

By Delivery Mode:

·         Distance Learning

·         Instructor Led Training

·         Blended Learning

 

By Deployment Mode:

·         Cloud

·         On-Premises

 

By User Type:

·         Academic

o    K-12

o    Higher Education

·         Corporate

o    Software and Technology

o    Healthcare

o    Retail

o    BFSI

o    Manufacturing

o    Government and Defense

o    Telecom

o    Energy and Utilities

o    Transportation and Logistics

o    Travel and Hospitality

o    Others


By Region:

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East and Africa


Learning Management System (LMS) Market: User Type Review: -

Based on user type, the global learning management system (LMS) market is segmented into academic and corporate. The corporate segment is estimated to amass the highest CAGR in the LMS market during the forecast period of 2022-2030. The corporate segment is further classified into software and technology, healthcare, retail, BFSI, manufacturing, government & defense, telecom, energy & utilities, transportation & logistics, travel & hospitality, and others. The high usage of LMS solutions and services across several end-user industries as per their learning requirements is the major factor driving the growth of this segment.

 

Regional Outlook:

The learning management system (LMS) market research report offers detailed analysis and forecasts for five major regions: North America, Europe, Asia Pacific, and Latin America, and the Middle East & Africa.

 

The North American region acquired the largest share of the global learning management system market in 2021, followed by Europe. The region’s dominance is expected to continue further throughout the forecast period. The region has been an early adopter of eLearning tools and has emphasized increasing learning methodologies advancements. This has led to the region being the largest market for learning management systems globally. The region is also a host for the major learning management system vendors and new start-ups. The developing internet scenario in countries such as the U.S. and Canada and the above-mentioned factors collectively drive the LMS market in the North American region.

On the other hand, the Asia-Pacific region is slated to emerge as the fastest-growing regional market for learning management systems during the forecast period. Due to the presence of emerging nations such as India, Japan, and China, the market players are continuously striving to enhance the overall LMS solution market in the Asia Pacific. The internet rates are also declining in the region. Moreover, the demand for better education and the number of government-funded projects for improving the literacy rate in the region's rural areas is also increasing. These are some of the major factors contributing to the high growth of the LMS market in the region. India, China, Japan, Australia, and South Korea hold major market shares in the learning management system market in the Asia Pacific.

The report also identifies the country market outlook for the learning management system (LMS) market, covering country-wise market size, growth rate, market share, segmentation, leading players, current trends, and opportunities.

 

Key Companies in Learning Management System (LMS) Market:

The research report offers a competitive analysis of prominent companies operating in the global learning management system (LMS) market. Some of the leading players profiled in the market research report include:

·         Brightspace

·         Udemy.com

·         Pearson PLC

·         SumTotal Systems LLC

·         Absorb Software LLC

·         IBM Corporation

·         Xerox corporation

·         Netdimensions Ltd.

·         Adobe Systems

·         CrossKnowledge

·         SAP SE

·         Docebo

·         Cornerstone On-demand Inc.

·         D2L Corporation

·         Automatic Data Processing Inc.

·         Blackboard Learn Inc.

·         Oracle Corporation

·         Canvas

·         SAP ERP

·         Other Players

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