Learning Management System Market Boosted By Adoption of Gamification and Virtual Reality Technology

The Learning Management System market report also explores future trends for supply, demand and market growth rate, market size, prices, trading, competition and value chain as well as Key Players of the industry’s information with forecast from 2018 to 2026. The global learning management system market was valued at US$ 5,100 million in 2016 and is estimated to witness a CAGR of 23% during the forecast period (2016 – 2025).

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Learning Management System Market report analyses the market overview for business growth with the help of market development trends along with Import/Export Market across the globe. The process of Learning Management System Industry is analysed thoroughly with respect three points, viz. raw material and equipment suppliers, various manufacturing associated costs (material cost, labour cost, etc.) and the actual process.

The prominent players in the global Learning Management System Market Cornerstone Ondemand, Inc., Xerox Corporation, IBM Corporation, Netdimensions Ltd., SAP SE, Blackboard, Inc., SABA Software, Inc., Mcgraw-Hill Companies, Pearson PLC, and D2L Corporation

The increasing sales of wearable devices has become one of the key drivers for the growth of the learning management system market globally. According to Coherent Market Insights, over 275 million wearable devices were sold in 2016, from 232 million devices in 2015 and is expected to reach up to the sales of 323 million by 2017. The in-depth training program is one of the major advantages for the use of wearable devices for training purpose.

The learning management system products have integrated with new innovative technologies such as gamification and virtual reality enabling in its wide adoption in the market. Gamification provides a platform to maximize entertainment and engagement of the learners by capturing their interest and motivating them to continue learning.

According to Coherent Market Insights, the learning management system market in North America held the dominant position in 2016 with a CAGR of 52.9%. The United States and Canada are the major countries driving the market of learning management system in North America region. The growing adoption of "bring-your-own-device" culture in various companies and growing presence of LMS companies in the United States have provided a massive growth opportunity to the learning management system market in North America.

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Have a look on segmentation here:

Global Learning Management System Market, By Deployment Model:
-Cloud
-On-Premises

Global Learning Management Market, By Application
-Content Management
-Performance Management
-Communication and Collaboration
-Administration
-Learner Management
-Others

Global Learning Management System Market, By Delivery Mode
-Distance Learning
-Instructor-Led Training
-Others

Global Learning Management System Market, By User Type
-Academic
-Corporate

Global Learning Management System Market, By Vertical
-Healthcare
-Retail
-Government
-Banking, Financial Services, and Insurance
-Manufacturing
-IT and Telecom
-Consulting
-Others

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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