Global Corporate Learning Management System (LMS) Market : Size, Share, Applications, Technology Trends, Challenges and Forecast to 2023

The corporate LMS market is on the rise due to a large number of corporates widely adopting such advanced learning solutions. Substantial cost benefits as compared to legacy learning systems, and proven results based on increased productivity and efficiency of employees are some of the prime factors backing the adoption of LMS in corporate sector. LMS are a set of software applications that are being rendered to plan, manage and deliver advanced learning processes. Such applications use web based technologies to administer, track, manage, and report the delivery of various content, and also evaluate the performance of learning participants in a structured manner. Various positive impacts of corporate LMS are also leading to the complete replacement of traditional form of corporate learning with advanced LMS solutions. Further, LMS is also becoming more prominent among corporates due to its cloud based releases through which businesses around the world can train their employees irrespective of their geographical location. Therefore, the market for corporate LMS is expected to grow at a good rate in the near future.

Explore Full Report Description At: https://www.psmarketresearch.com/market-analysis/corporate-learning-management-system-market

The corporate LMS market is mainly categorized into employee training, customer training, compliance training, and channel training. The enterprise size category is further bifurcated into small & medium enterprise (SME), and large enterprise. Large enterprise accounted for a larger market than SME in terms of revenue generation, and is also expected to generate higher demand for corporate LMS, during the forecast period. According to deployment type, the market is segmented into cloud and on-premise. In 2016, the on-premise deployment accounted for the larger market share, however, the market for cloud deployment is expected to grow the fastest during the forecast period. On the basis of service, the market is classified as implementation, integration, consulting, and maintenance service. The industry verticals covered in the global market include bio-technology, education, energy, engineering, BFSI, healthcare & pharmaceuticals, legal, retail & manufacturing, IT & telecom, transportation & logistics, digital marketing, and others.

Download Free Report Sample At: https://www.psmarketresearch.com/market-analysis/corporate-learning-management-system-market/report-sample

North America has been the largest corporate LMS market in terms of revenue generation, and is also expected to lead, during the forecast period. The favourable policies of the U.S. government for advanced corporate learning solutions, and early adoption of solutions by regional businesses, is escalating the LMS adoption environment in the region. However, the market in Asia-Pacific is expected to grow the fastest during the forecast period, owing to the rise of multinational companies, and increasing demand for corporate training solutions in the region.

Some of the key players in this industry include Oracle, SAP, IBM Corporation, Agylia, Adobe, Skillsoft, Intellum, and Cornerstone OnDemand.

About P&S Intelligence

P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

Contact:

P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Connect with us: LinkedIn | Twitter | Google + | Facebook

This release was published on openPR.