Due to increasing expenditure of ICT in the developed and developing regions by the government, the global LMS market is witnessing incredible growth. The global LMS market size stood at $9.23 billion as of 2018, as per the evaluations of a fresh business report from IndustryARC. Moreover, the report projects the opportunities to grow at an impressive compound annual growth rate (CAGR) of 19.65% during the forecast period of 2019 to 2025. Owing to this, most of the third-party vendors and their clients are switching to a cloud-based solution from on-premises deployment.
The IndustryARC report is titled “Corporate
Learning Management System Market – Industry Analysis, Market Size, Share,
Trends, Application Analysis, Growth and Forecast (2019 – 2025).” It incorporates
that the increasing adoption of digital learning, enterprise mobility, Bring
Your Own Device (BYOD), and constantly growing usage of Artificial Intelligence
and Machine Learning is continuously increasing its market value. One of the
most significant factor which is gaining traction from the academic sector is E-Learning and standard educational courses.
LMS Market: Leading Segments
The key application segment identified by the IndustryARC’s analyst is the corporate users. The e-learning concept has revolutionized corporate employee training. And LMS is very valuable for small and large corporate companies as it keeps the private training document safe. The key application segment was projected to grow at an outstanding CAGR of 22.96% during the aforementioned forecast period.
Geographically, North America is the key
region which is primed for growth and accounted for the largest share of 38.05%
as of 2018 in the LMS market. The major companies are targeting the region in
order to tap into their potential market. Currently, it is observed that the
citizens of North America are using e-learning tool in the learning technology
which has significantly boosted the LMS market revenue. Another trend followed
in North America is the adoption of technological advancement handheld devices
such as mobile phones and tablets by most of the people are driving the growth
of the LMS market. However, the country is strongly under the surveillance of government
standards and regulations.
Market: Market Trend and Growth Drivers
· Cloud Deployment
In the current era, instead of installing the required management software the trainers are now uploading the content and interacting with the learners via the internet. This deployment has various features which have enhanced the security, quicker deployment, and more storage space.
This has certainly increased the demand for the LMS market.
· Growing Adoption
of e-Learning Platform
Due to technological up gradation in the various sector, the demand for web-based learning platform is favoring growth for the LMS market. The sector highly affected with LMS is the educational institutions and it will nourish this sector fruitfully.
· Increasing Demand for BYOD
With the increasing rate of digital technology adoption and growing preference of BYOD, the companies are majorly targeting to implement LMS for the integrated corporate employees over smartphones.
· Growth of Internet of Things (IoT)
The government is investing ample money in IoT technology in almost every region of the world. This is a technology that has affected the companies on a corporate level too. Thus, the learning management system (LMS) market is expected to propel the market development.
Market: Competitive Landscape
Some of the key companies identified in the report that are currently holding majority shares in the global LMS market are McGraw Hill, SumTotal Systems LLC, Absorb Software LLC, Instructure Inc, iSpring Solutions, Inc, G-Cube, Latitude CG, LLC, UpsideLMS, Paradiso, Cornerstone OnDemand, Blackboard, Saba Software, D2L Corporation, Adobe Systems, SkyPrep Inc, and Knowledge Anywhere, CrossKnowledge, Oracle), SAP SE, Docebo, Schoology, IBM, and Epignosis, MPS Interactive.
Talk to one of our sales representative
about the full report by providing your details in the link below:
Healthcare Learning Management
Mobile Learning Market
What can you expect from the
The LMS market is prepared with the main agenda to cover the following 20 points:
1. Market Size by Product Categories
& Application 11. Demand
Analysis (Revenue & Volume)
2. Market trends & Relevant Market Data 12. Country level Analysis
3. Manufacturer Landscape 13. Competitor Analysis
4. Distributor Landscape 14. Market Shares Analysis
5. Pricing Analysis 15. Value Chain Analysis
6. Top 10 End user Analysis 16. Supply Chain Analysis
7. Product Benchmarking 17. Strategic Analysis
8. Product Developments 18. Current & Future Market Landscape Analysis
9. Mergers & Acquisition Analysis 19. Opportunity Analysis
10. Patent Analysis 20. Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC publish country or application based reports in LMS market segment?
Answer: Yes, we do have separate reports as mentioned below:
1. Australia Learning Management System
2. Brazil Learning Management System in Education Sector Market
Q. Does IndustryARC provide customized reports and charge additionally for limited customization?
Response: Yes, we can customize the report by extracting data from our database of reports and annual subscription databases. We can provide the following free customization:
1. Increase the level of data in application or end user industry.
2. Increase the number of countries in geography chapter.
3. Find out market shares for other smaller companies or companies which are of interest to you.
4. Company profiles can be requested based on your interest.
5. Patent analysis, pricing, product analysis, product benchmarking, value and supply chain analysis can be requested for a country or end use segment.
Any other custom requirements can be
discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting
To request for a proposal, provide your
details in the below link:
Mr. Venkat Reddy
Email 1: [email protected]
Or Email 2: [email protected]
Contact Sales: +1-614-588-8538 (Ext-101)
About IndustryARC: IndustryARC is a Research and
Consulting Firm that publishes more than 500 reports annually, in various
industries such as Agriculture, Automotive, Automation & Instrumentation,
Chemicals and Materials, Energy and Power, Electronics, Food and Beverages,
Information Technology, and Life sciences and Healthcare.