Global Learning Management System (LMS) Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027
MarketResearch.biz, in its upcoming report titled, “Global Learning Management Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”, 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. The 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 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 classroom to online platform by connecting students to their instructors and each other, via web-based sharing of research materials, library resources, and even textbooks and 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 catalogue, 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 majority is purchasing licenses for proprietary platforms. While, many institutions find it easy to start with a commercial LMS, but face challenges such as; linguistic, 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 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 inspirers them to continue learning. In addition, micro learning, mobile learning and video learning are the key driving factors expected to fuel 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 contributing to the high adoption of LMS. The rising investments in the corporate sector for employee development and technological advancement has also supported the growth learning management systems. The market in Asia Pacific is projected to have fastest growth, owing to increasing adoption for learning management system, high mobile phones and internet penetration are expected to boost growth of the global learning management system market.
Segmentation on the basis of type:
- Cloud based
Segmentation on the basis of end-use:
Segmentation on the basis of vertical:
- Banking, Financial Services, and Insurance (BFSI)
- Telecom and IT
Segmentation on the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2017 Estimated Year 2018 Forecast Period 2018–2027 Revenue in US$
- Blackboard, Inc.
- Cornerstone Ondemand, Inc.
- D2L Corporation
- IBM Corporation
- Mcgraw-Hill Education
- Netdimensions Ltd.
- Pearson PLC
- SABA Software, Inc.
- SAP SE
- Xerox Corporation
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