LMS Market Foraying into Emerging Economies 2029

LMS Market:
The LMS Market Report is anticipated to grow with a CAGR of, during the forecast period (2020-2029). It considers the major factors accountable for driving the growth of the LMS Industry, in addition to the key hindrances and challenges. Starting from industry chain analysis to cost structure analysis, the report analyzes multiple aspects, including the production and end-use segments of the LMS market products. The latest trends in the pharmaceutical industry have been detailed in the report to measure their impact on the production of LMS market products.

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Industry Participants: IBM Corporation, Cornerstone OnDemand, Inc., SAP SE, Docebo, Peoplefluent (Learning Technologies Group), SABA Software, Inc., Blackboard Inc., McGraw-Hill Education, Moodle, and D2L Corporation & more...

By Deployment, On-Premise, Cloud-Based, By Loan Type,, Private Money Loans, Hard Money Loans, By Lender Type, Local Bank, Government-Sponsored Enterprise (GSE), Private Organization

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for LMS in the APAC Region:
Asia-Pacific region is anticipated to hold the largest market share in the global LMS market during the forecast period 2021-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of LMS and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of LMS. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Impact of COVID-19 on the Global LMS Market:
The COVID-19 has resulted in the shutdown of schools and institutions all across the world. As a result, education has changed dramatically, with the distinctive rise of e-learning, whereby teaching is undertaken remotely and on digital platforms. Industry experts suggest that online learning has been shown to increase the exchange of information, and take less time, thereby bolstering the overall market growth.

Recent Development:
In November 2018, Cornerstone OnDemand acquired Grovo Learning Inc. in a USD 24million cash deal to improve its learning suite and expand its Content Anytime subscription offerings.
In October 2018, NetDimensions merged into PeopleFluent to integrate the PeopleFluent Learning suite with NetDimensions’ LMS to create a new learning suite for LTG and improve its services by offering enhanced global support.

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This release was published on openPR.