Learning Management System (LMS)
Market 2022 - Market Size & Forecast, Industry Trends, Manufacturers
Analysis, & Opportunities 2030
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A learning management system (LMS)
is basically a web-based software platform for the administration,
management, automation, and delivery of online educational courses,
training programs, or learning and development programs. It provides all the necessary
tools and infrastructure for offering online training and facilitates companies
and academic institutions to create and manage courses, lessons, and other
training materials for various activities.
Learning
management system (LMS) offers benefits such as: unlimited reusability, 24x7
remote access, interoperability, tracking of user performance and learner
progress, social media integration for better interaction, centralized content,
fair evaluation, cost benefits, compliance management for enterprises, maintenance
ability and the presence of an effective feedback structure.
The
global learning management systems market includes players who offer different
learning management system solutions and services for various end-user
segments. The global learning management system market is expected to expand at
a compounded annual growth rate (CAGR) of 18.2% over the forecast period
2022-2030.
Growth Drivers:
With the growing emphasis on continuous learning practices and productive ways due to the changing business requirements and economic conditions, learning management systems are widely accepted and adopted across enterprises, HEOs (Higher education Organizations), and businesses worldwide. Also, the penetration of smartphones, high-speed internet, and the number of connected devices in IoT is rapidly rising. Both these factors are primarily driving the growth of the global learning management system market.
Additionally, some leading players operating in the global learning management system market have been allocating substantial funds to R&D activities. These activities focus on developing advanced tools involved in the process of learning across the academic and corporate user segments. The incorporation of Artificial Intelligence (AI) and Machine Learning (ML) has enabled the prediction of the learner’s behavior and is also aiding programs in creating personalized learning patterns. Technologies like gamification & virtual reality, which are used for drawing attention and engaging the users, have successfully redefined the entire learning process.
The
implementation of LMS over smartphones for integrated employees training and
the advent of the Tin Can API technology is also projected to create ample
opportunities for the growth of the global learning management system market during
the forecast period. For instance, In May 2021, Crystal Delta recently introduced
Loree for Blackboard to support educators in enhancing the learning experience
through simplified course design and editing.
Moreover, governments across the globe are investing
huge sums of money and are also launching various supportive initiatives focused
on incorporating modernized learning tools such as LMS in training programs of
institutions and enterprises. Additionally, they are also reinforcing the requirement
for open educational materials free of cost and legal to ensure literacy and development
among the students. These constant efforts made by governments to enhance the
accessibility of education to a larger section of the population and improve
the education infrastructure across rural and urban areas fuel the adoption of
online learning technologies, which, in turn, is driving the growth of the global
learning management system market.
Furthermore, the growing bring your own device
(BYOD) policy and enterprise mobility among educational institutions, the surging
demand for web-based learning platforms among academics, and the increasing
trend of micro-learning are further expected to bolster the growth of the
global learning management system market during the forecast period.
On the other hand, the dearth of technical support
post-implementation of LMS, and the lack of skilled trainers and IT
infrastructure in underdeveloped nations, and the low motivation and engagement
by organizations for adopting LMS solutions due to less control and potential
technology issues are expected to restrict the growth of the global learning
management system market during the forecast period of 2022-2030.
Learning
Management System (LMS) Market Segmentation:
By Product
Offering:
·
Solutions
o Content Management
o Performance Management
o Administration
·
Services
o Training and Support
o Implementation
o Strategy and Consulting
o Design and Development
By Delivery
Mode:
·
Distance Learning
·
Instructor Led Training
·
Blended Learning
By Deployment
Mode:
·
Cloud
·
On-Premises
By User Type:
·
Academic
o
K-12
o
Higher Education
·
Corporate
o
Software and Technology
o
Healthcare
o
Retail
o
BFSI
o
Manufacturing
o
Government and Defense
o
Telecom
o
Energy and Utilities
o
Transportation and Logistics
o
Travel and Hospitality
o Others
By Region:
·
North America
·
Europe
·
Asia Pacific
·
Latin America
· Middle East and Africa
Learning
Management System (LMS) Market: User Type Review: -
Based on user type,
the global learning management system (LMS) market is segmented into academic
and corporate. The corporate segment is estimated to amass the highest CAGR in
the LMS market during the forecast period of 2022-2030. The corporate segment
is further classified into software and technology, healthcare, retail, BFSI,
manufacturing, government & defense, telecom, energy & utilities,
transportation & logistics, travel & hospitality, and others. The high
usage of LMS solutions and services across several end-user industries as per
their learning requirements is the major factor driving the growth of this
segment.
Regional Outlook:
The learning
management system (LMS) market research report offers detailed analysis and
forecasts for five major regions: North America, Europe, Asia Pacific, and Latin
America, and the Middle East & Africa.
The
North American region acquired the largest share of the global learning
management system market in 2021, followed by Europe. The region’s dominance is
expected to continue further throughout the forecast period. The region
has been an early adopter of eLearning tools and has emphasized increasing
learning methodologies advancements. This has led to the region being the
largest market for learning management systems globally. The region is also a
host for the major learning management system vendors and new start-ups. The
developing internet scenario in countries such as the U.S. and Canada and the
above-mentioned factors collectively drive the LMS market in the North American
region.
On the
other hand, the Asia-Pacific region is slated to emerge as the fastest-growing regional
market for learning management systems during the forecast period. Due to the
presence of emerging nations such as India, Japan, and China, the market
players are continuously striving to enhance the overall LMS solution market in
the Asia Pacific. The internet rates are also declining in the region.
Moreover, the demand for better education and the number of government-funded
projects for improving the literacy rate in the region's rural areas is also
increasing. These are some of the major factors contributing to the high growth
of the LMS market in the region. India, China, Japan, Australia, and South
Korea hold major market shares in the learning management system market in the
Asia Pacific.
The report also
identifies the country market outlook for the learning management system (LMS)
market, covering country-wise market size, growth rate, market share, segmentation,
leading players, current trends, and opportunities.
Key Companies in
Learning Management System (LMS) Market:
The research
report offers a competitive analysis of prominent companies operating in the
global learning management system (LMS) market. Some of the leading players
profiled in the market research report include:
·
Udemy.com
·
Pearson PLC
·
SumTotal Systems LLC
·
Absorb Software LLC
·
IBM Corporation
·
Xerox corporation
·
Netdimensions Ltd.
·
Adobe Systems
·
CrossKnowledge
·
SAP SE
·
Docebo
·
Cornerstone On-demand Inc.
·
D2L Corporation
·
Automatic Data Processing Inc.
·
Blackboard Learn Inc.
·
Oracle Corporation
·
Canvas
·
SAP ERP
· Other Players