Learning Management System (LMS) Market Expected to Reach 15.72 Billion USD by 2021
Learning management systems market report categories the global LMS market by application, by delivery mode as distance learning and instructor-Led training, by deployment as on-premises and cloud, by user type as academic and corporate, by vertical, and by region.
Pune, India -- (SBWire) -- 08/15/2016 --According to a new market research report "Learning Management System Market by Application, Delivery Mode (Distance Learning and Instructor-Led Training), Deployment (On-Premises and Cloud), User Type (Academic and Corporate), Vertical, and Region - Global Forecast to 2021", published by MarketsandMarkets, the LMS market size is expected to grow from USD 5.22 Billion in 2016 to USD 15.72 Billion by 2021, at a CAGR of 24.7%.
Browse 72 market data Tables and 67 Figures spread through 180 Pages and in-depth TOC on "Learning Management System Market - Global Forecast to 2021"
Early buyers will receive 10% customization on this report.
Increasing adoption of digital learning among corporate organizations and academic institutes and Bring Your Own Device (BYOD) trend are some of the major driving factors for the LMS market. Furthermore, the market is expected to be driven by opportunities, such as the growing usage of wearable eLearning devices and emerging technologies, such as gamification and virtual reality.
Learner management is expected to be the largest contributor in the global learning management system market during the forecast period
In the LMS market, the increasing need to keep a track of the learner's usage of training materials, manage course access of learners, create reports, manage course properties, and for various other tasks, the learner management application is expected to contribute the highest to the overall revenue generation of the market during the forecast period.
The telecom and IT industry vertical is expected to show significant growth rate in terms of adoption of learning management system
IT and telecom sector has greater need to train employees as this industry faces rapid technology changes than any other sector and companies have to sustain the competition. The IT and telecom sector is among the most complex industries and usually has global operational presence. This has necessitated the usage of LMS in all parts of this industry.
Asia-Pacific (APAC) is expected to witness the significant growth rate during the forecast period owing to demand for cost effective and improved learning experience
APAC organizations are increasingly opting for LMS to gain better returns on investments made on talent development, employee learning requirements, proper employee training, and receiving quantifiable business outcomes. As many organizations have tight learning budgets, they prefer a technology-enabled learning approach, which is also a cost effective way to offer training and resources to their learners. This enables high growth opportunities in this region.
Ask for Sample Pages @ http://www.marketsandmarkets.com/requestsample.asp?id=1266
Blackboard, Inc. (Washington, U.S.), Cornerstone OnDemand, Inc. (California, U.S.), Xerox Corporation (Connecticut, U.S.), IBM Corporation (New York, U.S.), NetDimensions Ltd. (Hong Kong), SAP SE (Walldorf, Germany), Saba Software (California, U.S.), McGraw-Hill Companies (New York, U.S.), Pearson PLC (London, U.K.), and D2L Corporation (Ontario, Canada) are identified as leaders in the LMS market.
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets
Media Relations Contact
View this press release online at: http://rwire.com/714152