The Learning Management System (LMS) by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Learning Management System (LMS), The learning management system (lms) market size has grown rapidly in recent years. It will grow from $17.74 billion in 2023 to $20.5 billion in 2024 at a compound annual growth rate (CAGR) of 15.6%. The growth in the historic period can be attributed to corporate training needs, scalability and flexibility, cost savings, rise of blended learning, globalization of education.
The learning management system (lms) market size is expected to see rapid growth in the next few years. It will grow to $37.5 billion in 2028 at a compound annual growth rate (CAGR) of 16.3%. The growth in the forecast period can be attributed to microlearning trends, gamification in learning, lifelong learning initiatives, focus on soft skills training, competency-based learning. Major trends in the forecast period include voice-enabled search and navigation, voice-enhanced content delivery, multimodal learning experiences, language learning support, real-time language translation, podcast-style learning modules, adaptive learning with voice.
The increase in adoption of e-learning is expected to drive the growth of learning management system (LMS) market in the coming years. E-learning is a learning approach that is based on formalised instruction but uses digital tools. Due to the COVID-19 pandemic, many schools, colleges, and universities were forced to close in order to contain the virus. As a result, education systems embraced e-learning to assist students study from a distance during the epidemic. For instance, in September 2023, according to ProsperityForAll, a US-based online learning platforms and course provider company, the penetration rate of online learning platform in 2020 was 6.8%, rising to 9.9% in 2022. Therefore, the increasing adoption of e-learning propels the learning management system (LMS) market growth.
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The learning management system (lms) market covered in this report is segmented –
1) By Component: Solution, Services
2) By Delivery Mode: Distance Learning, Instructure LED Training, Blended Training
3) By Deployment Mode: Cloud, On-Premises
4) By End User: Academic, Corporate
The use of artificial intelligence is a key trend gaining the popularity in the learning management system (LMS) market. Artificial intelligence provides various advantages to the various learning management systems by facilitating a forward-thinking approach to the team member learning experience. A specific set of algorithms is used by an AI based learning platform to learn and make predictions on data. For instance, in January 2021, Syndicate Learning Group, an India based software company announced the launch of most advanced Artificial Intelligence driven Learning Management System. This LMS has a capability to replace most Legacy LMS by bringing in technology features.
The learning management system (lms) market report table of contents includes:
1. Executive Summary
2. Learning Management System (LMS) Market Characteristics
3. Learning Management System (LMS) Market Trends And Strategies
4. Learning Management System (LMS) Market – Macro Economic Scenario
5. Global Learning Management System (LMS) Market Size and Growth
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26. South America Learning Management System (LMS) Market
27. Brazil Learning Management System (LMS) Market
28. Middle East Learning Management System (LMS) Market
29. Africa Learning Management System (LMS) Market
30. Learning Management System (LMS) Market Competitive Landscape And Company Profiles
Top Major Players:
- McGraw-Hill Global Education Holdings LLC,
- Desire2Learn Inc
- SAP SE
- Docebo Inc
- SAP SE
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