LMS Market is Projected to Reach USD 33,456 Million in 2027
LMS
Market
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Recurring
expenses of traditional teaching methods has drifted organizations towards to
e-leaning services to train and educate their employees. Thus, the growing
adoption of e-learning platform and rising trend of bring your own devices are
the major factors bolstering the global Learning Management Systems Market.
Moreover, the increasing compatibility of LMS with social learning and mobile
devices has inclined corporates to deploy BYOD culture has bolstered the market
growth. However, the outbreak of coronavirus resulted in a temporary closure of
schools and colleges, thereby, obligating trainers and faculty to adopt online
teaching solutions. Changes in educational system has bolstered the LMS market share.
As per the LMS
market analysis, by deployment
model, the cloud-based segment is anticipated to witness a faster CAGR over the
forecast period, owing to the better flexibility offered trainers and learners
with cost-efficient service infrastructure.
By region, North America is projected to witness a
remarkable growing, due to the growing adoption of eLearning tools and
technological improvements in learning methodologies. Also, the incorporation
of organizations and universities has made organizations more responsive towards
changing technologies, thereby driving the LMS market growth.
Leading players in the market include D2L Corporation, Blackboard
Inc., Cornerstone, McGraw Hill, Pearson, Saba Software, CrossKnowledge, Xerox
Corporation, PowerSchool, Docebo, among others.
Key Developments:
In 2020, Cornerstone procured Saba, a leading vendor of
talent experience solutions. This acquisition intends to facilitate Cornerstone
to encourage the innovation and ability of the company to help a larger and
diverse group of clients.
In 2020, Blackboard Inc. innovated its new remote learning
solution, called Blackboard Unite for K-12. This new solution offers a set of
resources and tools to help K-12 districts with best practices needed to transform
to a virtual learning model.
LMS Market Segmentation:
LMS
Market by User Type
·
Higher Education
·
K-12
·
Government
·
Business
LMS
Market by Deployment Model
·
Cloud-Based
·
On-Premises
LMS
Market by Delivery Mode
·
Distance Learning
·
Instructor-Led Training
LMS
Market by Application
·
Administration
·
Content Management
·
Performance Management
·
Others
LMS
Market by Region:
·
Asia Pacific
o
China
o
Japan
o
India
o
Rest of APAC
·
North America
o
United States of America
o
Canada
·
Europe
o
United Kingdom
o
Germany
o
France
o
Spain
o
Rest of Europe
·
RoW
o
Brazil
o
South Africa
o
Saudi Arabia
o
UAE
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