Learning Management Systems Market Statistics 2030: Major Factors that can Increase the Global Demand

According to the report by Allied Market Research, the global learning management system (LMS) market garnered $5.15 billion in 2017, and is expected to reach $15.39 billion by 2023, growing at a CAGR of 20.0% from 2017 to 2023.

The research offers an extensive analysis of changing market trends, major segments, key winning strategies, and competitive landscape.

Surge in digitized education, increase in demand for customized learning and focus on cloud deployment model drive the market growth.

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However, lack of IT infrastructure in underdeveloped countries restrains market growth. On the other hand, the rise in usage of the internet of things (IoT) presents new opportunities in the industry.

Based on deployment model, the cloud segment contributed to the highest market share in 2020, accounting for more than half of the global learning management systems market, and is projected to continue its leadership status during the forecast period.

Moreover, this segment is estimated to witness the largest CAGR of 22.9% from 2021 to 2030. This is due to increase in the mobile population and distributed workforce that raises the demand for e-learning or online training in the academic and corporate sectors. The research also analyzes the on-premise segment.

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Based on industry vertical, the government & education segment accounted for the largest market share in 2020, holding nearly one-third of the global LMS market, and is projected to maintain its dominance in terms of revenue during the forecast period.

This is attributed to focus of governments on low-cost and high-quality education systems. However, the retail segment is expected to manifest the fastest CAGR of 23.6% from 2021 to 2030, owing to the need to train and educate staff with features and technicality of every newly launched product to offer better customer orientation than before.

Based on region, North America held the highest market share in terms of revenue in 2020, contributing to more than one-third of the global learning management systems market, and is projected to maintain its lead position by 2030.

This is attributed to the deployment of innovative LMS solutions to cater to various operational and e-learning demands among several user types such as academics and enterprises in the region.

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However, Asia-Pacific is estimated to register the fastest CAGR of 24.0% during the forecast period, owing to high demand for LMS solutions and the growth in the education sector, which include web-based and distance learning modules.

Leading market players analyzed in the research include Blackboard Inc., JZero Solutions Ltd., CrossKnowledge, Oracle Corporation, Litmos Limited, Saba Software, Inc., Paradiso Solutions, SumTotal Systems, LLC, SAP SE, and TalentLMS.

These market players have implemented a number of strategies including partnership, expansion, collaboration, joint ventures, and others to heighten their status in the industry.

Covid-19 Scenario

• The trend of online education grew during the Covid-19 pandemic due to lockdown measures implemented by governments of many countries. This led to adoption of increased adoption of learning management systems by educational institutes and training centers.

• Universities and educational institutes began providing options of distance learning and online classes post-pandemic. This raised the demand for effective learning management systems to enable digitized learning.

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