Learning Management Systems Market in Asia-Pacific - Opportunity Analysis and Industry Forecast, 2014-2022 With Key Players Such as SumTotal Systems, Inc., Cornerstone OnDemand Inc., Blackboard, SAP SE & More.

Learning Management Systems Market by Deployment Model, Industry Vertical, and End User: Asia-Pacific Opportunity Analysis and Industry Forecast, 2014 - 2022,"projects that the Asia-Pacific learning management systems market is expected to reach $2,884 billion by 2022, growing at a CAGR of 34.2% from 2016 to 2022.

The learning management systems market is driven by advantages provided by these systems such as centralized learning platform, easy tracking & reporting, and easy upgradation of product. However, lack of awareness and e-learning infrastructure hinder the market growth. In addition, several educational institutions have failed to adopt these systems, owing to financial issues and lack of trained staff. Moreover, economic progress in several developing countries in Asia-Pacific is anticipated to increase the global market growth.

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On-premise LMS accounted for about 54% market share in 2014, thus dominating the market owing to high customization opportunities and data security offered by this model. However, SaaS LMS segment is expected to grow significantly at a CAGR of 36.1% during the forecast period, attributed to the fact that it does not require any extra infrastructure or human resource for installation and management of the software. Moreover, China has contributed significantly in the on-premise LMS segment.

Among various countries, China contributed the maximum revenue share in 2014 and is also expected to lead the market over the forecast period. This is due to varied factors including presence of medium-sized business organizations along with large-sized organizations, and increased government initiatives. Moreover, adoption of the technology at a notable rate owing to its cost efficiency has boosted the growth of LMS in Asian countries, particularly in Australia, Japan, and India.

Key players operating in this market aim to expand their business operations in the emerging countries with acquisition and product launch as their preferred growth strategies. Major players profiled in this report include SumTotal Systems, Inc., Cornerstone OnDemand Inc., Blackboard, Oracle Corporation, and SAP SE.

Top Factors Impacting APAC Learning Management Systems Market :

Growth in adoption of e-learning

Significant investments in IT infrastructure and rise in preference for digital learning, due to its several advantages, have led to wide adoption of LMS in academic and business learning/training programs across Asia-Pacific. In addition, the education industry, in these countries, has witnessed rapid growth, and is anticipated to continue the trend in the future. At present, a large number of online education companies are entering in the market, which has significantly increased the growth of the LMS market in the Asia-Pacific region. For instance, online education companies operating in China have increased from 100 in 2012 to over 8,000 in 2016.

Increase in trend of bring-your-own device (BYOD) and reduction in costs of learning and development

Rise in BYOD trend in various organizations has boosted the adoption of LMS. The implementation of BYOD has increased in organizations due to their proactive measures to promote digital learning and reduce cost & time incurred in learning & development. Several colleges and universities have focused on developing remote laboratories that can be operated by Internet-enabled smart devices using various LMS software. The upsurge in the use of smartphones and affordable handsets coupled with high-speed internet services drives the LMS market.

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Increase in adoption of cloud services

With the advancement in technology, organizations intend to shift their business practices to the cloud and reduce reliance on in-house expertise. Cloud-based development and learning processes are deployed at organizations to decrease large upfront investment and deliver scalability & flexibility as well as comply with the changing business requirements. The organization that are keen on automating and streamlining their learning processes to enable anytime, anywhere, and just-in-time access to learning content prefer using LMS software. The SaaS delivery model simplifies the customization and integration of LMS and reduces capital expenditures and operating costs.

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