Press release
LMS Market Size. Share, Growth, Industry Analysis, Forecast 2025
The Global Learning Management System Market size to grow from USD 9.464 Billion in 2019 to USD 29.901 Billion by 2025, at a Compound Annual Growth Rate (CAGR) of 21.13%.Organizations use LMS to streamline processes, methodologies, tools, and systems to improve learning, productivity and ROI. Due to the growing benefits and hassle-free training provided by LMS, there is growing adoption among various sectors such as healthcare, education, manufacturing, retail, and many other industries.
The factors attributing to the growth of the market are the Need for mobile delivery of the content, Learning culture within organizations of evolving, Increasing importance of personalized learning, and Need for customer support and training. However, some factors such as Lack of visual appeal, quality, and sharing capability to the content and High degree of integration may hinder the market growth.
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The Global LMS Market is expected to showcase the opportunities such as Monetization and productize training courses, Next-generation learning management systems, and Stakeholder and matrix analysis data. In the near future market may face the possible challenges in the growth due to Complex implementation and roll-out processes and Budget constraints and pricing differentiation. However, the key players in the market are putting regressive efforts to provide innovative offerings and benchmark strategies in the Global Learning Management System Market.
North America is expected to hold the largest LMS market share during the forecast period. Organizations in the North American region are now turning to mLearning for better results and convenience. Both corporate users and academic institutes use LMS, and most vendors provide user-centric product creations. North America has shown the rapid adoption of new learning pedagogies, and this has further increased the region's LMS market share.
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As countries such as China, India, Japan, and Australia offer lucrative opportunities for market players, the Asia-Pacific LMS market is expected to register the highest CAGR during the forecast period. International vendors spend high capital in the industry to boost the overall portfolio of LMS products to ensure low-cost and customized training modules and products for employees.
COMPONENT
o Services
o Consulting Services
o Implementation Services
o Support Services
o Training & Education Services
o Solution
FUNCTION
o Administration
o Content Management
o Performance Management
DEPLOYMENT
o On-Cloud
o On-Premise
DELIVERY MODE
o Blended Learning
o Distance Learning
o Instructor-Led Training
END-USER
o Academic
o Corporate
COMPANY
o Adobe
o Callidus Software, Inc.
o Cornerstone OnDemand
o Docebo
o Edmodo
o Google LLC
o Instructure
o International Business Machines Corporation
o LearnDash
o Moodle
o Saba Software
o SAP SE
o Schoology
o SkyPrep, Inc.
o TalentLMS
"SkyPrep, Inc. the potential growing player for the Global LMS Market"
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