Learning Management Systems Market - Rapid Adoption of Learning Management Systems in Developing Countries of APAC
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Leading five players in the global learning management systems (LMS) market are SkillSoft Limited, SAP SE, Saba Software, Oracle, and Cornerstone OnDemand. They account for around 40.0% share in the market.
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Some of the strategies that have enabled them to steal a march over their rivals are thrust on innovative learning solutions in order to rope in more customers and retain existing ones. They are also seen working towards improving their returns on investments (RoE) through employee training to make them more efficient.
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Learning management systems (LMS) are useful for both educational institutions and corporations. Extended enterprise online training, in which companies deploy online training resources to external sales channels, customers, and franchises, is one of its major applications.
Adds the lead analyst of our report, “Large and small and medium enterprises are increasing supplanting conventional methods of learning with innovative technology-driven ones to improve performance of employees. In the educational sector too, analytical practices are being leveraged extensively to enable students learn more effectively.”
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