On-demand Learning Management System Market Dyanamic Innovation 2021: Business Insinghts and Distance Learning Program

Learning management system is a software application for the reporting, tracking, documentation, and administration by e-learning training and educational courses or programs. On-demand Learning Management System is the integration of software-as-a-service platform and key features of traditional learning management system. The adoption of cloud platform in learning management system provides advanced features such as remote location access, reduced maintenance cost, as well as flexibility and scalability. Owing to such benefits, the demand for On-demand Learning Management System has increased, in turn boosting market growth.

Gamification is a concept of implementing a game design and mechanism to non-game applications. Increasing adoption of gamification for use in the learning management system is increasing the interest of the learners, inspiring them to continue learning. Learning management system solutions provide various benefits such as better learning experience, better learning environment, and instant feedback in comparison with other solutions.  Increasing adoption of gamification for education and training purposes is in turn, accelerating growth of the market for On-demand Learning Management System. Several corporate companies are increasingly adopting gamification learning management systems for various applications such as product development, human resources, sales, and marketing, in turn, boosting growth of the On-demand Learning Management System market.

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Which are the prominent learning management system market players across the globe?
Major players operating in the global learning management system market include Cornerstone Ondemand, Inc., Xerox Corporation, IBM Corporation, Netdimensions Ltd., SAP SE, Blackboard, Inc., SABA Software, Inc., Mcgraw-Hill Companies, Pearson PLC, and D2L Corporation.

Which segment based on user type, accounted for the highest demand in the learning management system market?
Among user type, corporate segment held a dominant position in the market, in 2016, owing to increasing demand for corporate trainings in various industries.

What is the Compound Annual Growth Rate (CAGR) of the learning management system market for next 8 years?
The global learning management system market is estimated to exhibit CAGR of 23% over the forecast period.

Which region is dominating the learning management system market growth?
Among regions, North America holds dominant position in the global learning management system market.

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