Learning Management Systems (LMS) Market Overview, Segment Analysis, Growth Opportunities and Forecast to 2024

The learning management systems market is growing by a significant rate due to growing emphasis on continuous learning, increasing adoption of digital learning, increased collaboration between learners and trainers, and introduction to cloud-based learning management systems. Growing demand for blended learning, evolving potential markets and developing new prospects for traditional educational systems are some of the factors providing ample opportunities to the learning management systems market to grow in the coming years.

The introduction of Tin Can API technology, that is a next generation of sharable content object reference model, is also providing growth opportunity to the learning management systems market. Tin Can API technology provide various advantages such as team-based e-learning, e-learning in native mobile applications, tracking learning plans and ability to track real-world performance.

The North America learning management systems market is expected to dominate in the coming years due to rising collaborations between North American learning management systems providers and various organizations.

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On the basis of products, the learning management systems market can be categorized as learner management, performance management, community engagement, administration, content management, training records management, and communication and collaboration. The learning management systems market can also be categorized on the basis of deployment types, as on-premises and Software as a service (SaaS).
On the basis of applications, the learning management systems market can be categorized as technology training, distance learning and virtual instructor training. On the basis of user type, the learning management systems market can be categorized as healthcare, higher education, large enterprise, manufacturing, consulting, banking, financial services and insurance (BFSI) industry, government, small and medium enterprises (SME), IT and telecom, and retail.

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Some of the factors restraining the growth of the learning management systems market are limited customization feasibility options for end-users, lack of integration and lack of skilled subject matter personnel.

Some of the competitors in the learning management systems market are International Business Machines Corporation, Saba Software, Inc., Cornerstone OnDemand, Inc., Pearson PLC, NetDimensions Ltd., Xerox Corporation, D2L Corporation, Blackboard Inc., and SAP SE.

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