Albany, NY -- (SBWIRE) -- 01/05/2017 -- An LMS is a software application used to plan, deliver, and manage online courses. It uses web-based technology to manage, administer, track, and evaluate the performance of participants. LMS is widely adopted by corporations and educational institutions, especially in the higher education sector. The substantial cost benefits and increased employee efficiency and productivity have prompted leading companies worldwide to replace traditional forms of learning with LMS. Additionally, organizations operating global-scale businesses prefer LMS, as it enables them to train employees irrespective of their geographical location.

The global learning management system (LMS) market to grow at a CAGR of 23.73% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global learning management system (LMS) market for 2016-2020. To calculate the market size, the report considers the revenue generated from the end-user segments.

The market is divided into the following segments based on geography:
- APAC
- Europe
- North America
- ROW

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Technavio's report, Global Learning Management System (LMS) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Cornerstone OnDemand
- Oracle
- SAP
- Skillsoft

Other prominent vendors
- Aptara
- Articulate
- City & Guilds
- D2L
- Docebo
- Educomp
- Haiku Learning
- N2N Services
- Saba Software
- Schoology
- Tata Interactive Systems

Market driver
- Need to automate assessment functionalities
- For a full, detailed list, view our report

Market challenge
- Technical barriers in LMS implementation
- For a full, detailed list, view our report

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Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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