The market for learning management systems is projected to amount to US$18.8 bn by 2024, rising from a valuation of US$3.4 bn in 2015 at an impressive CAGR of 19.9% therein.
Albany, NY -- (SBWIRE) -- 01/16/2018 -- In recent years, the increased efficiency of the Internet has promoted e-teaching and e-learning practices worldwide. This, coupled with advancements in networking technologies has enabled improved communication and integration, thereby resulting in flawless online learning and training sessions. This has had a significant impact on the emergence as well as development of learning management systems (LMS).
The global LMS market is projected to witness steady growth over the forecast period. This can be attributed to factors such as the increasing preference for distance learning, developing network infrastructure in developing regions, the adoption of cloud-based LMS by SMEs, and corporate sectors offering online trainings to its employees.
Companies are increasingly adopting learning management systems to up their returns on the investments made on employee training and development and to receive measureable business outcomes.
Learning Management Systems Market: Scope and Methodology
The learning management system (LMS) market report provides analysis for the period 2014–2024, wherein the period from 2016 to 2024 is the forecast and 2015 is the base year. The report covers all the major trends and technologies playing a key role in the LMS market's growth over the forecast period. It also highlights the drivers, restraints, and opportunities expected to influence the market's growth during the said period in terms of revenue (in US$ Mn), across the geographies including North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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North America comprises of the U.S., Canada and rest of North America, while the Europe region covers the Scandinavia, Germany, and rest of Europe. The report further provides the in-depth analysis for countries in Scandinavia that include Denmark, Sweden, and Norway. Furthermore, the Asia Pacific region is divided into China, India, and rest of Asia Pacific. While the Middle East and Africa region includes Gulf Cooperation Council (GCC), South Africa, and rest of Middle East and Africa. South America region provides the market size for Brazil, Argentina, and rest of South America.
The report provides key market indicators that have a strong impact on LMS market. The market overview section of the report outlines the drivers, restraints, and opportunities that influence the current nature and future standing of this market. The report represents the market attractiveness for segments that include deployment type, user group, and module depending of various factor that influence the adoption of LMS. Moreover, the report provides an overview of the various strategies of key players in the market.
Learning Management Systems Market: Segmentation
The report segments the global LMS market on the basis of deployment into on-premise and hosted. Furthermore, on the basis of modules the LMS market is divided into administration, content delivery and management, progress management, interaction and integration technologies, user management, and others (access management and reporting). Depending on the user group, the LMS market is dived into education and corporate sector. Furthermore, the education user group is further segmented into kindergarten, K-12, and higher education.
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The report provides industry evolution to understand the development of LMS over the years. Considering the competition in the market, supply-demand ratio, and macro and micro economic factors the prices are estimated for the forecast period. Thus, the report provides in-depth cross-segment analysis of the LMS market and classifies it at various levels, providing valuable insights at the macro and micro levels. Moreover, the report analyses potential opportunities for LMS in different regions and countries considering the macro and micro factors expected to aid the LMS market.
"Hosted Deployment of LMS to Surpass On-premise Deployment by 2024"
"Rapid Adoption of Learning Management Systems in Developing Countries of APAC"
Learning Management Systems Market: Competitive Landscape
The report also highlights the competitive landscape of the LMS market, positioning all the major players according to their geographic presence, solutions/services offered, focus on research and development, and key recent developments. Furthermore, global market share of the major players are estimated depending on the revenue generated from LMS in 2015. The comprehensive LMS market estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the LMS market's growth.
The major companies profiled in LMS market study include ACS Technologies Group, Inc., Blackboard Inc., Cornerstone Ondemand, Inc., IST AB, IBM Corporation, McGraw-Hill Education, Oracle Corporation, Saba Software, Inc., SAP SE, Skillsoft Limited, Upside Learning Solutions Pvt. Ltd., and Instructure, Inc. Details such as financials, business strategies, recent developments, and other such strategic information pertaining to these players have been duly provided as part of company profiling.
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The Learning Management System market is segmented as below:
Learning Management Systems Market
Content Delivery and Management
Interaction and Integration Technologies
By User Group
Rest of North America
Rest of Europe
Rest of Asia Pacific
Middle East and Africa
Rest of Middle East and Africa
Rest of South America