Meticulous Research- leading global market research company published a research report titled “Learning Management System (LMS) Market by Product Offering (Solutions, Services), User Group (Education, Corporate), Delivery Mode (Distance Learning, Instructor-led Learning), Deployment Type (Cloud, On-Premise), and Geography- Global Forecast to 2025″.
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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Substantial growth in the global learning management system market is mainly attributed to the evolution of the e-learning industry, increasing smartphone user base, and increasing penetration of internet services across the globe. Proliferation of e-learning industry is playing a pivotal role in growth of the LMS market. In addition, government initiatives undertaken in order to achieve efficiency in literacy and training programs is propelling market growth. Furthermore, wider proliferation of bring your own device (BYOD) policies in both corporate and education industry verticals is also expected to encourage adoption of LMS among the customers. Increase in demand for gamification in LMS creates high opportunities for vendors and thus, ensures growth of LMS market. However, hesitance in acceptance of novel technology coupled with the high cost of implementation poses some challenges for the market, which may hamper the growth of the learning management systems market growth during the forecast period.
The global learning management system market study presents historical market data in terms of values (2017, 2018), estimated current data (2019), and forecasts for 2025-by product offering (solutions, services), user group (education, corporate), delivery mode (distance learning, instructor-led learning), deployment type (cloud, on premise), and geography. The study also evaluates industry competitors and analyzes the market at a country level.
Check complete table of contents with list of table and figures: https://www.meticulousresearch.com/product/learning-management-system-market-5052/
Scope of the Report:
Market by Product Offering
- Content Management
- Performance Management
- Training and Support
- Strategy and Consulting
- Design and Development
Market by User Group
- Higher Education
- Government & Defense
Market by Delivery Mode
- Distance Learning
- Instructor-led Learning
Market by Deployment Type
Market by Geography
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
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On the basis of geography, the global learning management system market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. With respect to revenue, North America dominated the learning management systems market in 2018, and is expected to maintain its dominance throughout the forecast period as well. The market growth in North America is majorly attributed to the presence of the global key players in the LMS market in the region and increasing adoption of modernized tools in learning and training processes.
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.
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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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