Learning Management Systems (LMS) Market - Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 - 2025
Global Learning Management Systems Market: Snapshot
A learning management system is a software application to create, document, track, and report a specific learning process. Typically used for educational courses or training programs, a learning management system (LMS) helps instructors deliver content, administer tests, monitor student participation, track student progress, evaluate student performance, and manage records. It may also equip students to use interactive features such as video conferencing, threaded discussions, and discussion forums.
A LMS is largely used in educational institutions. It has been used for many years to deliver course material in schools and to encourage e-learning practices. A learning management system supports physical classroom settings, fully online training programs as well as hybrid learning programs.
Over the past few decades, learning management system is increasingly being used by companies to deliver training to their employees as well as to train customers for products and services. The LMS is emerging as a powerful instrument for consulting companies that are mainly into staffing and training and for any corporation that is looking to provide continued education to its workforce. Nevertheless, LMSs are mostly used by regulated industries such as biopharma and financial services for compliance training. Some LMS systems also include ‘performance management systems’ to carry out employee appraisals, skills-gap analysis, multi-rate assessments, and succession planning. Some LMSs also support competency-based learning.
LMSs are almost of 600 types that are available for purchase. Each possesses unique features to meet the needs of a number of educational and training programs. Most LMSs are web-based that not only facilitate access but also allow easy streaming and tracking of data.
Global Learning Management Systems (LMS) Market: Overview
As technological advances increasingly make inroads in the field of education, students and educators are gaining an unprecedented access to data, content, and information in a more readily available manner than ever before. This has presented the need for a systematic and comprehensive integration of learning management systems with modern-day education systems, which essentially serve as web-enabled relational databases tying together contemporary education reforms with creative and effective digital technologies. In the near future, learning management systems will emerge as one of the cornerstones of education systems, linking instructional resources, curriculum, student data, assessment strategies, staff proficiencies, and other elements of a digitally advanced leaning models.
Global Learning Management Systems (LMS) Market: Trends and Opportunities
The rising numbers of universities and other learning platforms offering e-learning courses, the increased demand for such courses, and the rapidly rising proliferation of mobile devices such as laptops, tablet computers, and smartphones among global consumers are the key factors driving the adoption of learning management systems. Advancements in networking technologies and the availability of high-speed data communication networks across remote corners of the world are also driving the adoption of online courses, thus driving the need for the implementation of effective learning management systems.
Global Learning Management Systems (LMS) Market: Market Potential
Realizing the vast potentials of integrating online education solutions and services with efficient learning management systems, several notable education services and solutions providers are entering into strategic collaborations or are acquiring niche learning management system providers. The recent acquisition of Solomon Learning Management System from Mersoft Corporation by ACS Technologies is a good instance. Solomon Learning Management System is a cloud-based platform for management of teaching and learning solutions. The acquisition is a way for ACS Technologies to leverage its potential to better suit the needs of its clients, which are mostly churches, organizational offices, and schools.
Global Learning Management Systems (LMS) Market: Regional Overview
From a geographical perspective, the market for learning management systems in North America presently leads, accounting for the bulk of share in the global market. The U.S., owing to the established e-learning industry and excellent networking infrastructure, is the most significant contributor to the North America learning management systems market. Presence of some of the world’s leading learning management system companies in the region has also leveraged its role in the global market.
In the next few years, Asia Pacific is expected to emerge as one of the most promising destinations for the learning management systems market. The region will present growth opportunities for the learning management systems market owing to ongoing network infrastructure development activities in developing economies such as Philippines, India, and China and the easy availability of online courses. Rising investments with the aim of leveraging the digital quotient of corporate training and product data distribution models have also fared well for the learning management systems market in the region in the past few years.
Global Learning Management Systems (LMS) Market: Competitive Dynamics
The global market for learning management systems features a highly fragmented vendor landscape, with some of the leading vendors accounting for relatively low shares in the overall market. In a bid to overcome the stiff competition that a fragmented marketplace invariably bears, companies in the market are retorting to acquisitions and strategic collaborations. Some of the leading vendors operating in the market are Cornerstone Ondemand, Inc., ACS Technologies Group, Inc., Oracle Corporation, Instructure, Inc., McGraw-Hill Education, SAP SE, Skillsoft Limited, Saba Software, Inc., IST AB, Upside Learning Solutions Pvt. Ltd., IBM Corporation, and Blackboard Inc.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
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Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
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This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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