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Learning Management Systems Market by Offering (Solution, Services), Deployment Mode (Cloud-based Deployment, On-premise Deployment), End User (Education, Corporate) and Geography - Global Forecast to 2030
Report ID: MRICT - 104353 Pages: 250 Jun-2024 Formats*: PDF Category: Information and Communications Technology Delivery: 24 to 72 Hours Download Free Sample ReportThe growth of this market is attributed to the rising adoption and proliferation of e-learning, rising government initiatives to promote the use of e-learning solutions and LMS systems, and growing inclination towards the bring your own device policy. However, reluctance among instructors to adapt to modern technologies restrains market growth.
While the increase in demand for gamification and the use of AR & VR in LMS is expected to create significant opportunities for this market. However, a lack of learning management systems with multi-language support and the need for technical training for teachers and instructors pose challenges to market growth. Social learning platforms in LMS are the latest trend in the market.
The global learning management systems market is segmented based on offering, deployment mode, end user and geography. The study also evaluates industry competitors and analyses the regional and country-level markets.
Key Players:
The key players profiled in the learning management systems market study include Blackboard Inc. (U.S.), McGraw Hill LLC (U.S.), Epignosis LLC (U.S.), John Wiley & Sons, Inc. (U.S.), Oracle Corporation (U.S.), JZero Solutions Ltd (U.K.), Paradiso Solutions LLC (U.S.), Cornerstone OnDemand, Inc. (U.S.), SAP SE (Germany), Sumtotal Systems, LLC (U.S.), Pearson plc (U.K.), Docebo S.p.A. (Canada), IBM Corporation (U.S.), D2L Corporation (Canada) and Moodle Pty Ltd. (Australia).
E-learning is one of the most rapidly growing knowledge-based industries across the globe. Advancements in e-learning have simplified training and learning by involving learning management systems across corporate organizations and educational institutes. Various benefits such as flexibility, timely access, strong integration with internet-based services, and cost-effectiveness are attracting more and more customers to adopt modern tools in training employees and students.
To ensure workforce efficiency, an increasing number of organizations across the globe are modernizing their training environment by incorporating e-learning tools. These solutions are further aided by learning management systems that provide all the necessities for successfully managing training practices, including performance management, administration, content management and delivery of distinct and customized courses for employees. With LMS, corporates find it easy to train their employees in a more effective manner, as LMS enables learning delivery in a minimal time while maintaining high employee productivity. Thus, the progress of e-learning platforms, specifically in the corporate segment, is shifting people's focus towards online learning platforms, supporting the growth of the LMS market.
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Based on offering, the services segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the rising demand for installations and technical assistance. Education and learning service providers offer various educational services, including implementation, consultancy, and support. Learners leverage these services with curriculum development and the smooth performance and maintenance of current activities. Integration-as-a-service is a feature of the advanced system that decreases installation time and complexity. Similarly, the consulting services sub-segment is likely to lead this market due to the improved collaborations and communications between trainers and learners.
Based on deployment mode, the cloud-based deployment segment is projected to register the highest CAGR during the forecast period. With a cloud-based learning management system, users face lesser complexity in upgrading or maintaining the software because the solution is developed, hosted, and supported by LMS providers. Training administrators easily upload new courses, set up learning paths or access completion data at any time. Users access the service online using a cloud-based learning management system.
Based on end user, the corporate segment is projected to register the highest CAGR during the forecast period. The corporate sector requires skilled professionals to work with updated technologies due to consistent technological advancements. This generates demand for modernized learning tools among corporate organizations to educate and train their employees. In addition, growing competition in various industry sectors is increasingly forcing corporate organizations to prepare their employees for the toughest tasks to make it through the competition. This is one of the key factors driving the adoption of learning management solutions among corporate organizations. Further, the benefits of learning management systems in assessing and monitoring employee performance and ensuring employee career growth by providing suitable learning platforms increase enterprises' interest in installing LMS.
Based on geography, the learning management systems market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is projected to register the highest CAGR during the forecast period. The growth of this market is driven by rapidly developing economies, the presence of a young and tech-savvy population, and growing investments in learning technologies in this region. The education system in Asia-Pacific is witnessing some dynamic, positive changes owing to the introduction of e-learning and learning management systems. Furthermore, encouragement from governments in human resource skill development programs and incorporation of LMS in small and medium-scale industries are also contributing towards the growth of the LMS market in Asia-Pacific.
Key Questions Answered in the Report:
The global learning management systems market is segmented based on offering, deployment mode, end user and geography. The study also evaluates industry competitors and analyses the regional and country-level markets.
The global learning management systems market is projected to reach $ 64.96 billion by 2030, at a CAGR of 18.3% from 2024 to 2030.
In 2024, the solution segment is expected to account for the largest share of the learning management systems market.
Based on end-user, in 2024, the corporate segment is expected to account for the largest share of the learning management systems market.
The growth of this market is attributed to the rising adoption and proliferation of e-learning, rising government initiatives to promote the use of e-learning solutions and LMS systems and growing inclination towards the bring your own device policy. Furthermore, the increase in demand for gamification and the use of AR & VR in LMS is expected to create significant opportunities for this market.
The key players profiled in the learning management systems market study include Blackboard Inc. (U.S.), McGraw Hill LLC (U.S.), Epignosis LLC (U.S.), John Wiley & Sons, Inc. (U.S.), Oracle Corporation (U.S.), JZero Solutions Ltd (U.K.), Paradiso Solutions LLC (U.S.), Cornerstone OnDemand, Inc. (U.S.), SAP SE (Germany), Sumtotal Systems, LLC (U.S.), Pearson plc (U.K.), Docebo S.p.A. (Canada), IBM Corporation (U.S.), D2L Corporation (Canada) and Moodle Pty Ltd. (Australia).
Asia-Pacific is projected to register the highest CAGR during the forecast period. The growth of this market is driven by rapidly developing economies, the presence of a young and tech-savvy population, and growing investments in learning technologies in this region. The education system in Asia-Pacific is witnessing some dynamic, positive changes owing to the introduction of e-learning and learning management systems. Furthermore, encouragement from governments in human resource skill development programs and incorporation of LMS in small and medium-scale industries also contributes to the growth of the LMS market in Asia-Pacific.
Published Date: Jul-2024
Published Date: Jul-2024
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Published Date: Sep-2022
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