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Learning Management System Market Recorded a 18.9% Y-O-Y Growth Rate in 2022 | Size, Share, Upcoming Trends, Business Growth, Competitive Landscape and Forecast to 2029
The Global Learning Management System Market is forecast to reach USD 61.91 Billion by 2029 by rising at a compound annual growth rate (CAGR) of 18.9% throughout the forecast period from 2022 To 2029Learning Management System Market Overview
With people preferring training and learning sessions more and more, there is a noticeable increase in the demand for intelligent and interactive learning platforms including electronic learning (e-learning), open online courses, mobile education, and online tutorials. Educational institutions use tools to support and improve the effectiveness of teaching and learning. This element will probably increase demand for learning management systems. Important market firms are likewise focusing solely on meeting the soaring demand for personalised, secure, and interactive learning technologies. For instance, Prepaze introduced Unik, a customisable LMS, in August 2020 to give students an interactive learning experience when they are studying online.
The global Learning Management System market report widely offers the latest information about technological developments and market growth forecasts based on the regional landscape.
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Industry Development
In July 2021, PowerSchool announced that it would price the class A common stocks at USD 18 per share in the New York Stock Exchange (NYSE). This would help the company repay outstanding debt expenses related to the IPO.
In December 2020, D2L partnered with Microsoft to integrate Brightspace LMS with Microsoft Teams. This would enhance the learning experience by allowing to access a private Teams space on Brightspace platform.
Research Methodology:
To calculate the market size, the report considers the revenue generated from the sales of Learning Management System market manufacturers. The revenue created from the sales of Learning Management System Market has been calculated through primary and secondary research.
The market size assessment also considered leading players revenues as part of triangulation the key players considered are Cornerstone OnDemand, Blackboard, PowerSchool, Instructure, D2L , SAP, SumTotal, IBM, LTG, Oracle, Infor, Adobe, Docebo and Others.
The Learning Management System Market has been segmented as below:
Learning Management System Market by Component, 2020-2029, (USD Million)
Solution
Services
Learning Management System Market by Deployment, 2020-2029, (USD Million)
On-Premise
Cloud
Learning Management System Market by End User, 2020-2029, (USD Million)
Academic
Corporate
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Learning Management System Market: Regional Analysis
Geographically, this report is segmented into several key countries, with market size, growth rate, import and export of Learning Management System market in these countries, which covering North America, U.S., Canada, Europe, UK, Germany, France, Spain, Italy, ROE, Asia Pacific, China, India, Japan, Australia, South Korea, RoAPAC, Latin America, Brazil, Mexico and Rest of the World.
Geographically, the market is dominated by APAC, North America and Europe.
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Major Key areas that have been focused on in the report:
Raw material supply analysis
Major trends noticed in the Global Learning Management System Market
Market Geographic limitations, and pricing issues
Distribution, scheduling, performance, and supplier requirements
Growth opportunities that may emerge in the industry in the upcoming years
In-depth value chain analysis
Sustainability trends and environmental concerns
Market Gap and Opportunities
Global Market Growth Drivers, Opportunities, and Constraints.
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