The latest report on “Global Learning Management System (LMS) Market: Growth, Future Prospects, and Competitive Analysis, 2015 – 2027” by Credence Research, Inc. With a healthy CAGR value of over 13.5 %, the global market is expected to reach USD 13.4 billion in 2020 to approximately USD 27.8 billion in 2027 during the forecast period from 2021 to 2027.
Global Learning Management System (LMS) Market, 2020 – 2027 (USD Billion)
Browse the full report at https://www.credenceresearch.com/report/learning-management-system-lms-market
A learning management system (LMS) is a software application for the documentation, administration, tracking, automation, reporting. Also, it can be used for delivery of training programs, educational courses, or learning and development programs. The concept of LMS is basically emerged through e-learning, with the increasing penetration of digital tools, high penetration of IoT, increasing internet users, and rising need for remote leaning demand for learning management system is increasing worldwide.
Key Trends in Global Market
Increasing adoption of digital learning
Many times, working with multiple sites in different location is difficult manage however, digital platforms helping users to access data from any location at any time. Furthermore, with the help of e-learning users can rapidly learn new technologies or tools that are recently launched. This is why many companies are adopting learning management systems to train their employees in better way. With the better understanding of new tools and technologies employees can work more efficiently which can directly benefit for the growth of the company. Similarly, many educational systems are focusing on using LMS for remote learning to enhance the performance of their students by providing digital content. These all factors collectively fueling the growth of learning management system market.
Global Market by Component Insights
Learning management system are primarily categorized as solution and services in this market. Rising adoption of leaning management system in corporate as well as in educational systems demand of LMS services has significantly increased. The high demand is mainly attributed to support and consulting services. increasing demand of LMS amid COVID-19 pandemic is also spur the demand of LMS services
Global Market by Deployment Mode Insights
Deployment mode of learning management system (LMS) are categorized as cloud and On-premises in the global market. Demand for LMS is high for on-premises application is high. However, the current COVID-19 pandemic conditions have spurred the demand of cloud deployment mode. The demand for cloud deployment mode is expected to remain high over the forecast period owing to remote operations in education and corporate sectors.
Global Market by Regional Insights
North America is the largest market for learning management system (LMS). Also, it is expected to remain major revenue contributor for learning management system (LMS) market over the forecast period. Well-developed digital market, mature IT sector, and growing use of digital technologies in corporate and education sector is primarily driving the growth of the market in this region.
Global Market Competitive Landscape
Some of the market players with a large share in the global market include Blackboard, Cornerstone OnDemand, D2L Corporation, Oracle, Adobe Systems, CrossKnowledge, SAP SE, Docebo, PowerSchool, IBM, and Epignosis. The report covers very detailed profiles of these key players.
Global Learning Management System (LMS) Market by Component, 2015 – 2027
Global Learning Management System (LMS) Market by Deployment Mode, 2015 – 2027
Global Learning Management System (LMS) Market by User Type, 2015 – 2027
Global Learning Management System (LMS) Market by Region, 2015 – 2027
· North America
· Asia Pacific
· Latin America
· Middle East and Africa
Global Learning Management System (LMS) Market: Key Players
· Cornerstone OnDemand
· D2L Corporation
· Adobe Systems
· SAP SE