Global Learning Management System (LMS) Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

Learning Management System (LMS) Market Report offers in-depth insights, revenue details, and other vital information regarding the global learning management market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027.

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The Learning Management System (LMS) Market report also offers insightful and detailed information regarding the various key players operating in the global learning management market, and their financials, apart from strategies, acquisitions & mergers, and market footprint.

The global learning management market has been segmented on the basis of product type, end-use, vertical, and region.

Learning Management System (LMS) Market Overview:

Learning Management System (LMS) Market was valued at $24 million in 2020 & is projected to reach $34 million by 2030. It is expected to grow at a 5% CAGR between 2021 and 2030.

Learning Management System or LMS is also known by various names such as course management system (CMS), learning content management system (LCMS), virtual learning environment (VLE), and virtual learning system (VLS).

It extends the learning activities beyond the classroom to an online platform by connecting students to their instructors and each other, via web-based sharing of research materials, library resources, and even textbooks, and by integrating learning activities with administrative systems.

Learning Management systems are also used, across multiple different industries and for a variety of different corporate learning use cases. LMS adoption has been on the rise for the past several years all around the world.

There are two key types of LMS users namely Learners and Administrators. Learners are on the receiving end of learning or training such as students or employees.

Learners who have access to the LMS will be able to see their course catalog, complete their assigned courses and any evaluations, and measure their own progress.

Learners can be assigned training on an individual basis, or according to their course, job function, and/or role in a company’s organizational structure.

The other user is Administrators who are responsible for managing the LMS, which involves the combination of a number of tasks such as creating courses and learning plans, assigning learners to courses, and tracking learner progress.

Learning Management System contains features for administration, assessment, and course management. The Learning Management Systems is designed to manage the log-in of registered users, manage course catalogs, record data from learners, and provide reports to management.

Some higher education institutions develop in-house systems or buy into open source alternatives, but the majority are purchasing licenses for proprietary platforms.

While, many institutions find it easy to start with a commercial LMS, but face challenges such as; linguistics, assessment tools, suitability to target groups, and pricing.

However, open-source LMS may have an impact on the future of the LMS market with its cost-effectiveness and advanced features.

Higher education institutions, particularly those with budget constraints, are very attracted to open source LMS because of their cost savings and more control.

Next-generation LMSs offer student information system integration, learning object repositories, branding, content sharing, and an improved user interface.

LMS market is likely to grow in the education and business segment with the key trending drivers such as increasing adoption of gamification, an engagement technique of game-design elements, and game principles in a non-game context as it captures the interest of the learners and inspires them to continue learning.

In addition, microlearning, mobile learning, and video learning are the key driving factors expected to fuel the growth of the global learning management system market over the forecast period.

Currently, the market in North America dominates the global learning management system market in terms of revenue due to the established network facility.

Also, the presence of a large number of universities offering online courses contributes to the high adoption of LMS.

The rising investments in the corporate sector for employee development and technological advancement have also supported the growth of learning management systems.

The market in the Asia Pacific is projected to have the fastest growth, owing to the increasing adoption of learning management systems, high mobile phones, and internet penetration are expected to boost the growth of the global learning management system market.

Global Learning Management Market Segmentation:

Segmentation on the basis of type:

• Proprietary
• Open-source
• Cloud-based

Segmentation on the basis of end-use:

• Academic
• Enterprise

Segmentation on the basis of vertical:

• Banking, Financial Services, and Insurance (BFSI)
• Healthcare
• Education
• Retail
• Government
• Manufacturing
• Telecom and IT
• Consulting

Segmentation on the basis of region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa