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.
Pune, India -- (SBWIRE) -- 02/14/2018 -- Learning Management System Global Market – Overview
The Global Learning Management System Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of Learning Management System will grow moderately over the forecast period. The market is forecasted to witness slow but steady growth by 2022, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2022).
The Learning Management System Market is driven by the factors such as the growth of learning management system market is increasing e-learning industry, growing cloud computing market, and increasing demand for cost-effective training solution by industries among others. Furthermore, the growing technology in software industry which is boosting the market growth. On the other hand, high speed internet connectivity is one of the major factors likely to pose challenges to the Market Growth. Some predominant trends such as eLearning Management System and smart devices are propelling the Learning Management System market growth to the large extent.
With the adoption of Artificial Intelligence and Business Intelligence which is integrated with the Learning Management System. The cloud based learning is gaining momentum in the forthcoming years which is propelling the market growth to the large extent. The business intelligence are integrated with Learning Management System which is helpful in analysing distance learning such as correspondence, video, satellite broadcasts, or e-Learning. The learning management system via eLearning based can benefit by increases competences of all participants with high effective knowledge transfer, provide training for distributed staff, exchange of e-learning experiences and building knowledge base, simplify the skills-gaps detection and others.
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Regional Analysis of Learning management system Market:
North-America is the largest market for the global learning management system market riding on increasing awareness, growing adoption and demand of learning management system. U.S. is expected to be the largest market in North America. Europe is expected to be the second largest market due to developed economy, growing demand, excellent infrastructure and others. The European market is expected to be led by Germany, France, and others. However Norway, Finland, Iceland and other Scandinavian regions are expected to be the fastest growing markets due to the highest computer literacy rates.
Asia-Pacific is anticipated to be the fastest growing region due to huge demand created by growing population, increasing standards of education, growing adoption of computer systems and others. China and India are expected to be the leaders in the market due to their sheer population sizes. Japan is expected to be the largest market in the Asia-Pacific region. Vietnam and South Korea are another fast growing markets to watch for due to the fast expanding communication technologies.
The Middle East and African market has the highest unmet needs due to less awareness which needs to be tapped. The Gulf nations are another market that has been not been adequately tapped. The Middle East and African market is expected to be led by the Gulf nations such as Saudi Arabia, UAE, Kuwait and others. Lack of I.T. policies and laws are hampering the market in these regions.
Industry trends and developments
- Gamification – Creating games of the learning process results in greater engagement, learning speed and retention. Thus we expect greater storyline and narrative initiatives, reward-based incentivized behaviors systems
- Interface and portal design developments are expected to be the best strategies for a faster market uptake.
- Enterprise learning systems – growing adoption of enterprise learning systems so as to benefit the organization by productivity increasing behavior, reduce employee turnover, information distribution, better customer satisfaction and others.
- Newer business models - Newer business models such as software-as-a-service (SAAS), open source platforms, and customization are expected to lead. To reduce the cost of development increasing number of players are expected to reduce the total cost of ownership by using user generated content development strategies.
- Personalized social - personalized learning social portals are another trend that is expected to grow in the future
- Growing need for cross functional learning and development of complimentary industries needing blended learning – industries such as oil and gas, pharmaceuticals etc. need cross functional knowledge which is expected to create a huge demand.
- E-learning systems are expected to be dominated by mobile devices, which provide benefits such as portability. Growing use of mobiles for information is another trend to favor the adoption to mobile learning.
Learning Management System Market – Segmentation
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.
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Industry/ Innovation/ Related News:
Jan 21, 2016: Blackboard, Inc. had announced for deploying its flagship learning management system and Software-as-a-Service (SaaS). With this announcement, the company is offering Learn Software-as-a-Service Plus and Blackboard Learn Software-as-a-Service Advantage for the higher education institutions in the United States. The company is availing the learning management system along with zero-downtime upgrades, higher quality through continuous delivery, new services innovation, and increased scalability.
July 13, 2016 - McGraw-Hill Education has announced learning platform with canvas learning management system that makes teaching and learning easier for educators and students. With this platform, it would be easier for the companies to connect with the student digitally and deliver the content and adaptive learning to them. This will improve the learning experience for all students.
September 29, 2016 : Expii, Inc. and Edmodo went into the strategic agreement for providing personalised interactive learning to the students and free application that offers personalized learning recommendations. By this agreement, the companies are making content accessible to the users for their learning experience.
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