MarketResearchReports.biz has recently added a new market study to its repository, titled “Global Learning Management System Market 2016-2020.”
Albany, NY -- (SBWIRE) -- 12/12/2017 -- According to the report, the global learning management system market will expand at a 24% CAGR which is quite impressive, between 2016 and 2020. The main factor behind the growth of this market is the continuous innovation in e-learning tools and delivery methods. Technological advancements are thus, a driving factor. Compatibility of e-learning management system with mobile devices is also seen as a growth factor for the global learning management system market. The growing preference by students for m-learning is helping the market to grow. m-learning helps in delivering online training materials directly to the handheld device of the candidate.
The report identifies the growing need for automated assessment functionalities to be the key factor behind the high demand for learning management system. One of the trends which is gaining traction in the global learning management system market is the growing concentration on third party content creation. On the other hand, the market will be restricted on account of the technical barriers while implementing learning management systems.
On the basis of geography, the global education learning management system market is segmented into Asia Pacific, North America, Europe, and the Rest of the World. North America is currently leading in the market on account of the presence of numerous rnterprises and MNCs in this region which are adopting these services as large companies require corporate training solutions for ensuring the smooth transfer of knowledge as well as job transition in their companies or organizations. North America is anticipated to account for over 59% of the total market by 2020.
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On the basis of end user, the global learning management system market is segmented into K12, higher education, and corporate. Of these, it is expected that the corporate sector will lead during the period from 2016 to 2020. Corporates have a significant demand for training solutions which are cost effective. The lead author of this report predicts that this segment will account for over 71% of the total market by 2020.
The global learning management system market is fragmented. The market players are catering for different segments such as social and collaborative writing and extended enterprise learning. In the near future, it is expected that this market will witness consolidation through mergers and acquisitions. This in turn is expected to allow players in the market to provide solutions which are rich in features. This will help them gain better market visibility. The report profiles leading companies operating in the market for the purpose of study. They are: Oracle, Cornerstone OnDemand, Skillsoft, Aptara, SAP, Articulate, D2L, City & Guilds, Docebo, Haiku Learning, Educomp, N2N Services, Schoology, Saba Software, and Tata Interactive Systems.
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