Learning Management System Industry Overview
A learning management system refers to a software application used for administration, tracking, reporting, documentation as well as delivery of educational courses, learning & development of programs, or training programs. The concept of a learning management system has been directly influenced by e-Learning. It offers tools, infrastructure, and context to provide e-learning and training solutions to the organizations. The Learning Management System Industry is estimated to reach a revenue of USD 17 billion by the end of the forecast period, as assessed by Market Research Future (MRFR).
The rapidly upscaling e-learning industry is one of the primary factors contributing to the surging growth witnessed in the Learning Management System Industry. Also, a growth projected by the cloud-computing market is opening up various opportunities for existing and potential players in the learning management system market. Increasing demand for cost-effective training solutions from multiple industries is fueling the market growth for learning management systems.
Furthermore, the growing preference of the bring your own device technology (BYOD) and a surge in the adoption of digital technology, the learning management system is projected to witness a significant implementation. Additionally, increasing penetration of the internet of things (IoT) in many emerging and developed economies across the globe is expected to push the Learning Management System Industry. In contrast, lack of IT infrastructure and technological developments in underdeveloped nations such as the Middle East and Latin America are estimated pose as significant hindrances in the market growth for learning management systems.
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Innovations
The Learning Management System Industry has witnessed many important innovations over the years. Just recently, an LMS software that is compatible with mobile devices was recently. This is one innovation that has stood out and proved its worth. Many organizations have started choosing this software over the traditional one owing to its ease of use and convenience.
Key Players for learning Management System Market:
Some of the major players in Global learning management system Market includes Edmodo (California), Blackboard, Inc. (U.S.), IBM corporation (U.S.), SAP SE (Germany), Xerox corporation (U.S.), Oracle Corporation (U.S.), McGraw-Hill Education (U.S.), Cornerstone On demand, Inc. (U.S.), D2L Corporation (Canada), and Saba Software, Inc. (U.S.) among others.
Market Segmentation
The worldwide learning management system market has been segregated into four equal divisions. They can be listed as services, applications, geographies and deployment methods.
When it comes to services, the industry is further sub-segmented into content management, administration, communication & collaboration and performance management.
On account of applications, the market is bifurcated into academics and corporate.
Geographically, the market is spread across various areas of the world like North America, Asia Pacific Europe and Rest of the World. Out of these North America has an edge over the other regions and holds the largest market share. It is because the individuals in this area are more knowledgeable and open to accepting this concept. Europe comes second after North America. Asia Pacific is growing rapidly and is expected to override other countries in the coming years.
Lastly, based on deployment methods the market has divided into on premise and cloud.
Learning Management System Market: Regional Analysis
Learning management system global market is expected to be dominated by North America with the largest market share due to increasing awareness and growing adoption of learning management system by organizations in the region, and therefore accounting for a huge economy by 2022. Learning Management System Market in Asia-Pacific market is expected to grow at a considerable rate of CAGR. The learning management system market growth is driven due to increasing demand by organization for cost-effective learning system to train their employees which would give better return on investment in the future.
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Table of Contents:
List Of Figures
FIGURE 1 RESEARCH PROCESS
FIGURE 2 DRIVERS OF GLOBAL LEARNING MANAGEMENT SYSTEM MARKET
FIGURE 3 GLOBAL LEARNING MANAGEMENT SYSTEM MARKET: BY SERVICES (%)
FIGURE 4 GLOBAL LEARNING MANAGEMENT SYSTEM MARKET: BY APPLICATION (%)
FIGURE 5 GLOBAL LEARNING MANAGEMENT SYSTEM MARKET SHARE BY REGION (2016 & 2022) (%)
FIGURE 6 NORTH AMERICA LEARNING MANAGEMENT SYSTEM MARKET, BY SERVICES (%)
FIGURE 7 NORTH AMERICA LEARNING MANAGEMENT SYSTEM MARKET, BY APPLICATION (%)
FIGURE 8 NORTH AMERICA LEARNING MANAGEMENT SYSTEM MARKET SHARE BY COUNTRY (2016 & 2022) (%)
FIGURE 9 EUROPE LEARNING MANAGEMENT SYSTEM MARKET, BY SERVICES (%)
FIGURE 10 EUROPE LEARNING MANAGEMENT SYSTEM MARKET, BY APPLICATION (%)
FIGURE 11 EUROPE LEARNING MANAGEMENT SYSTEM MARKET SHARE BY COUNTRY (2016 & 2022) (%)
FIGURE 12 ASIA-PACIFIC LEARNING MANAGEMENT SYSTEM MARKET, BY SERVICES (%)
Continued…
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