Learning Management System Market Worth $28.1 billion by 2025 at a CAGR of 20.5% |Impact of COVID-19 on this market

According to this latest publication from Meticulous Research®, the global learning management system (LMS) market is expected to grow at a CAGR of 20.5% from 2019 to reach $28.1 billion by 2025.

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Learning management system (LMS) is a web-based technology that allows managing, planning, evaluating, and delivering content for educational courses. This is a software-based platform that provides the necessary framework, infrastructure, and tools that help in providing online training. The global learning management system market is witnessing a consistent growth owing to increasing adoption and proliferation of e-learning industry. Furthermore, extensive government initiatives for growth of LMS and growing inclination towards bringing your own device (BYOD) policy is also contributing to the overall growth of learning management system market. However, lack of skilled trainers & instructors and high cost of implementation are restraining the upsurge of the global learning management system market to a certain extent.

The global learning management system market is majorly segmented by product offering, user group, delivery mode, deployment type, and geography. Based on user group, the overall learning management system market is majorly segmented into education and corporate. Based on the user group, the corporate LMS segment is estimated to command the largest share of the global learning management system market and is expected to fuel the growth of the LMS market during the forecast period.

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The LMS applications are being accepted across verticals by organizations of all sizes as they provide robust features of training, analytics, and reporting. The corporate users implement LMS solutions as a tool for training and assessment of employees as well as to establish a better communication channel to broadcast instructions and suggestions effectively. Consequently, the corporate users segment holds the largest share of the global learning management system market.

Scope of the Report:

Market by Product Offering

  • Solutions
    • Content Management
    • Performance Management
    • Administration
  • Services
    • Training and Support
    • Implementation
    • Strategy and Consulting
    • Design and Development

Market by User Group

  • Education
    • K-12
    • Higher Education
  • Corporate
    • ICT
    • Retail
    • BFSI
    • Hospitality
    • Healthcare
    • Manufacturing
    • Government &Defence

Market by Delivery Mode

  • Distance Learning
  • Instructor-led Learning

Market by Deployment Type

  • Cloud
  • On-premise

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Market by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Rest of Asia-Pacific
  • Latin America
  • Middle East & Africa

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However, Asia Pacific region is expected to grow at the fastest CAGR during the forecast period. Increase in government-funded literacy development projects in the rural areas is driving the LMS market in the APAC region. Also, the adoption of modernized e-learning tools by enterprises is rapidly increasing in Asia Pacific region. This ensures high growth opportunities for LMS market.

Asia Pacific: The Fastest Growing Market

Asia Pacific is one of the major regions for software providers, owing to growing population in the region and increasing demand for various learning management solutions to improve accessibility of various educational programs for the population residing in rural areas. Furthermore, the demand for LMS solutions from the corporate sectors in the region is also on the rise, mainly due to increasing need of corporates to continuously update their workforce with new technologies in order to maintain their industry relevance.

Top-10-companies-in-learning-management-system-lms-market
https://meticulousblog.org/top-10-companies-in-learning-management-system-lms-market/

Key Players:

The key players operating in global learning management system market are Cornerstone OnDemand (U.S), SAP SE (Germany), McGraw Hill Education (U.S), Skillsoft (U.S.), D2L Corporation (Canada), MPS Interactive (India), Adobe, Inc. (U.S.), Docebo (Canada), Saba Software (Canada), Blackboard (U.S), Pearson (U.K), Epignosis (U.S), IBM (U.S), Oracle Corporation (U.S), and Absorbs Software LLC (Canada), among others.

Key questions answered in the report-

Which are the high growth market segments in terms of product offering, user group, and delivery mode and deployment type?
What are the major drivers, restraints, opportunities, and challenges in the global LMS market?
Who are the major players in the global learning management system market?
How is the competitive landscape in the global learning management system market?
What are the recent developments in the global learning management system market?
What are the different strategies adopted by the major players in the global learning management system market?

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