Learning Management System (LMS) market in US 2015 to grow at a CAGR of 23.20% by 2019: Market Research Store
Deerfield Beach, FL -- (SBWIRE) -- 09/18/2015 -- Learning Management System (LMS) Market in the US 2015-2019
An LMS is a software application that is used to plan, deliver, and manage learning processes. It use web-based technology to create and deliver content and track and evaluate the performance of participants involved in learning activities. LMS market in the US to grow at a CAGR of 23.20% over the period 2015-2019. LMSs are widely adopted by corporates and educational institutions, especially for higher education. The substantial cost benefits and proven results of increased efficiency and productivity of employees have led many firms worldwide to completely replace traditional forms of learning with LMSs.
About the Report
The latest report emphasizes the growing demand for quick and efficient training and learning techniques. As business scenarios constantly evolve, a majority of organizations have adopted some form of e-learning, as these systems are effective for knowledge retention, and can help improve the learner's productivity, work quality and learning curve.
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"There has been a gradual rise in the enrollment of students in online courses. Therefore, it has become imperative for the organizations to maintain effective systems for managing student records and their performance on a real-time basis,".
Covered in this Report
This report covers the present scenario and the growth prospects of the LMS market in the US during the period 2015-2019. To calculate the market size, the report takes into account the revenue generated through the sales of LMS and related services for a fee or subscription. The report also considers the demand for LMS from the following end-users: Corporate, Higher Education, K-12, and Pre K-12.
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LMS Market in the US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the LMS market landscape in the US and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The new report also emphasizes the exponential growth of cloud-based learning management systems, as it can lead to huge cost benefits to the organizations.
"While using the cloud, users don't need to install the LMS on their servers, which substantially reduces the costs incurred by the company. Cloud-based systems also allow small businesses and institutions that do not have the required expertise and skilled staff to manage LMS implementation,"