Market Research Future published a research report on “Learning Management System Market Research Report- Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Learning Management System Market 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 market 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 Market. 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.
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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 market. 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.
The Global Learning Management System Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation By Services: Comprises content management, Performance management, administration, communication & collaboration among others.
- Segmentation By Deployment: Comprises Cloud and on-premise.
- Segmentation By Application: Comprises Corporate, and academics among others.
- Segmentation By Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.
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.
Learning Management System (LMS) Market Global Market - Regional Analysis
The regional analysis of learning management system (LMS) Market is studied for North America, Europe, Asia Pacific and Rest of the World. The educational sector is flourishing in countries such as U.S. and Canada, resulting in the higher adoption of online learning services by universities. This results in the dominance of North America in learning management system (LMS) market. Additionally, higher immigration of students from different developing countries to United States has increased the use of learning management system (LMS) for the purpose of gaining education by online means.
Asia-Pacific is expected to be the fastest growing region for learning management system (LMS) market owing to increased demand by organization for cost-effective learning system to train their employees which would give better ROI in the future. Hence, the key players in the market are constantly innovating and investing in research and development activities in order to create cost-effective product portfolio.
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Table of Contents:
List Of Tables
TABLE 1 GLOBAL LEARNING MANAGEMENT SYSTEM MARKET (USD BILLION)
TABLE 2 GLOBAL LEARNING MANAGEMENT SYSTEM MARKET, BY SERVICES
TABLE 3 GLOBAL CONTENT MANAGEMENT MARKET, BY REGION
TABLE 4 GLOBAL PERFORMANCE MANAGEMENT MARKET, BY REGION
TABLE 5 GLOBAL ADMINISTRATION MARKET, BY REGION
TABLE 6 GLOBAL COMMUNICATION & COLLABORATION MARKET, BY REGION
TABLE 7 GLOBAL OTHERS MARKET, BY REGION
TABLE 8 GLOBAL LEARNING MANAGEMENT SYSTEM MARKET, BY DEPLOYMENT
TABLE 9 GLOBAL ON-PREMISE, BY REGION
TABLE 10 GLOBAL CLOUD MARKET, BY REGION
TABLE 11 GLOBAL LEARNING MANAGEMENT SYSTEM MARKET, BY APPLICATION
TABLE 12 GLOBAL CORPORATE MARKETS, BY REGION
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