A corporate learning management system (LMS) refers to a software platform designed to manage and administer training and educational programs within an organization. It serves as a centralized hub for delivering, tracking, and managing various learning and development initiatives. The primary purpose of a corporate LMS is to facilitate the training and skill development of employees, ensuring that they acquire the necessary knowledge and skills to perform their jobs effectively.
Sizing and Forecast
The corporate learning management system (LMS) market size has grown exponentially in recent years. It will grow from $9.92 billion in 2023 to $12.25 billion in 2024 at a compound annual growth rate (CAGR) of 23.4%. The growth in the historic period can be attributed to talent development and employee engagement, rise of blended learning, cost reduction and efficiency , globalization of workforces, e-learning and digital transformation.
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Segmentation & Regional Insights
The corporate learning management system (lms) market covered in this report is segmented –
1) By Component: Solution, Services
2) By Deployment: On-Premise, Cloud
3) By Organization Type: Large Enterprises, Small And Medium Enterprises
4) By Industry Vertical: Software And Technology, Retail, Banking, Financial Services And Insurance (BFSI), Manufacturing, Telecommunication, Government And Defense
North America was the largest region in the corporate learning management system (LMS) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the corporate learning management system (lms) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing demand for skill-based and goal-driven training is expected to propel the growth of the corporate learning management system LMS) market in the coming years. Skill-based and goal-driven training entails focusing on developing specific skills while aligning learning objectives with predetermined goals or outcomes. LMS facilitates skill-based and goal-driven training by providing a structured platform for organizing, delivering, and tracking learning content tailored to specific skills and objectives. For instance, in April 2022, according to a survey of 2,840 respondents by Met Life Inc., a US-based life insurance company, 45% of employees expressed a demand for employers to prioritize employee development, training, and advancement opportunities in the workplace, a significant increase from the 3% reported in 2020. Therefore, the increasing demand for skill-based and goal-driven training is driving the growth of the corporate learning management system LMS) market.
Key Industry Players
Major companies operating in the corporate learning management system (lms) market report are International Business Machines Corporation, Oracle Corporation, SAP SE, Adobe Systems Incorporated, Xerox Corporation, Aptara Inc., Zoho Corporation Pvt. Ltd., Cornerstone OnDemand Inc., Blackboard Inc., PowerSchool, Seismic Software Inc., HealthStream Inc., D2L Corporation, Paylocity Holding Corporation, Docebo Inc., Paycor HCM Inc., Instructure Inc., G-Cube LMS, Moodle, City and Guilds Group, Axonify Inc., Intellum, Tovuti LMS, iSpring Solutions Inc., Thought Industries, Rustici Software (SCORM Cloud), SkyPrep
The corporate learning management system (lms) market report table of contents includes:
1. Executive Summary
2. Corporate Learning Management System (LMS) Market Characteristics
3. Corporate Learning Management System (LMS) Market Trends And Strategies
4. Corporate Learning Management System (LMS) Market – Macro Economic Scenario
5. Global Corporate Learning Management System (LMS) Market Size and Growth
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31. Corporate Learning Management System (LMS) Market Other Major And Innovative Companies
32. Global Corporate Learning Management System (LMS) Market Competitive Benchmarking
33. Global Corporate Learning Management System (LMS) Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Corporate Learning Management System (LMS) Market
35. Corporate Learning Management System (LMS) Market Future Outlook and Potential Analysis
36. Appendix
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