NEW
YORK, May 15, 2024 /PRNewswire/ -- The
global learning management system market size is
estimated to grow by USD 44978.02 mn
from 2023-2027, according to Technavio. The market is estimated to
grow at a CAGR of 20.85% during the forecast period.
For more insights on the forecast market size and
historic data (2017 - 2021) - Download Free sample
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Forecast
period
|
2023-2027
|
Base Year
|
2022
|
Historic
Data
|
2017 - 2021
|
Segment
Covered
|
End-user (Academic and
Corporate), Deployment (On-premise and On-cloud), and Geography
(North America, Europe, APAC, South America, and Middle East and
Africa)
|
Region
Covered
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
Adrenalin eSystems
Ltd., Blackboard Inc., Classe365, Clearlake Capital Group L.P., D2L
Corp., Degreed Inc., Docebo Inc., Epignosis, GENTLAB S.R.L,
Instructure Holdings Inc., Looop Online Ltd., Oracle Corp., Pearson
Plc, PowerSchool Holdings Inc., SAP SE, Skillsoft Corp., Tovuti
Inc., Violet InfoSystems Pvt. Ltd, Workday Inc., and Xperiencify
LLC
|
Key Market Trends Fueling Growth
In today's digital transformation era, cloud-based Learning
Management Systems (LMS) have gained significant traction due to
their cost-effective solutions and flexibility. Eliminating the
need for on-premises servers, these platforms are generally
subscription-based, leading to low initial costs and reduced
implementation expenses. Cloud-based e-learning also offers faster
setup and deployment, making it an attractive choice for
organizations under budget constraints. Furthermore, advanced
features such as AI-driven personalized learning, gamification, and
social learning capabilities enhance learning outcomes and
engagement. Corporate users and educational institutions alike
benefit from real-time interaction, feedback, and versatile
platforms that support digital content like eBooks, multimedia
resources, and interactive tools. Cloud-based LMS platforms
continue to innovate with user-friendly interfaces, AI, and 5G
technology, ensuring high-quality services and network
infrastructure for digital learning solutions.
Market Challenges
The eLearning market encompasses various sectors, including
universities, schools, and industries, which increasingly rely on
Learning Management Systems (LMS) for delivering digital
educational materials. However, interoperability issues persist
during LMS integration due to the lack of standardization and
support for advanced formats like rich media, virtual reality, and
mobile learning. This hinders the reusability of e-learning content
across different vendors and systems. Other trends in the market
include blended learning, student engagement, personalized
instruction, and the expansion of offerings through strategic
partnerships and advanced technologies.
* The LMS industry is experiencing significant competition from
the open-source solutions sector.
* The global LMS market has experienced substantial growth in
open-source LMS solutions.
* Open-source LMS solutions have gained popularity, particularly in
the higher education sector of the academic market.
* Sakai and Moodle are prominent
examples of open-source LMS providers.
* Sakai offers an LMS tailored for
educational institutions, featuring tools like online testing and
Google Docs integration.
* Moodle is another widely-used open-source LMS solution.
* Open-source LMS solutions provide several advantages over
proprietary LMS solutions.
* The most significant advantage is cost reduction, as open-source
LMS solutions do not require licensing fees due to being free from
restrictive copyright laws.
* Development and maintenance costs for open-source LMS solutions
are also lower than those for proprietary LMS solutions.
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impact of trend, driver and challenges - Buy
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Segment Overview
This learning management system market report extensively covers
market segmentation by
- End-user
- 1.1 Academic
- 1.2 Corporate
- Deployment
- 2.1 On-premise
- 2.2 On-cloud
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Academic- In the Learning Management System
(LMS) market, end-users span across various sectors, with the
academic segment leading the charge due to the surge in online
learning and the dominance of higher education. Universities are at
the forefront of this trend, investing in IT staff such as course
designers and app developers to expand their online offerings. The
digital age has given rise to rich media formats like virtual
reality, mobile learning, microlearning, and blended learning
models. Student engagement is paramount, leading to the demand for
personalized instruction and interactive educational materials,
including e-books, interactive modules, videos, assessments,
simulations, and e-learning solutions. Internet penetration and
digitalization of industries have fueled the growth of remote
learning and digital learning, necessitating LMS platforms that
support advanced technologies like mobile learning solutions. User
experience is a critical factor, with expanding offerings and
strategic partnerships essential for meeting the evolving needs of
learners. Content providers play a pivotal role in delivering
engaging educational materials, while assessments and simulations
help measure progress and upskill employees. The LMS market
continues to evolve, with flexible learning options and up-to-date
technologies like virtual reality and augmented reality enhancing
the learning experience.
For more information on market segmentation with geographical
analysis including forecast (2023-2027) and historic data (2017 -
2021) - Download a Sample Report
Research Analysis
In today's digitalized business landscape, the Learning
Management System (LMS) market has experienced significant growth.
Remote learning and digital education have become essential tools
for upskilling and reskilling employees in various industries. LMS
platforms offer flexible learning options through online courses,
blended learning models, and interactive platforms. Smart learning
platforms enable individual learners to access educational content
on smartphones and communication devices, making learning
convenient and accessible. Open online courses and online tutorials
provide cost-effective solutions for upskilling and certifications.
Progress tracking features enable learners to monitor their own
development, making the LMS market an indispensable component of
the modern educational institutions and business landscape.
Market Research Overview
The Learning Management System (LMS) market refers to the
provision of software platforms that enable the administration,
documentation, tracking, reporting, and delivery of educational
courses, training programs, or learning and development programs.
These systems facilitate the creation and management of content,
learners, and assessments, enabling organizations to train their
workforce effectively and efficiently. They offer features such as
automation of administrative tasks, reporting and analytics, and
integration with other systems. LMS solutions cater to various
sectors, including education, healthcare, finance, and
manufacturing, among others. They enable organizations to deliver
training programs in various formats, including instructor-led,
self-paced, and blended learning. The LMS market is driven by the
growing need for continuous learning and development in the
workforce, the increasing adoption of technology in education, and
the need for cost-effective training solutions.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Deployment
-
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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