Corporate Learning Management System (LMS) Market Size, Share & Trends Analysis Report By Type, By Application, and Segment Forecasts, 2022 - 2027
The global corporate learning management system (LMS) market size is projected to reach USD 9296 Million by 2026, from USD 2136.9 million in 2019, at a CAGR of 22.8% during 2021-2027. The growing trend of BYOD and business mobility, as well as the increased emphasis on continuous learning, are the major drivers favoring the growth of the corporate learning management system market size.
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What is Corporate LMS Market?
A corporate learning management system is software that allows employees to access online courses and other learning materials. The management system assists in the onboarding of new employees by providing them with the knowledge and skills they need to carry out their responsibilities and, ultimately, advance in their careers. It offers a variety of online documents to help managers and supervisors effectively manage and monitor employee development.
Companies use a corporate learning management system (LMS) to assign courses to employees and external end-users, then track their progress as they complete sessions and exams. These courses can be made with the LMS's built-in features or with third-party course creation software.
As they complete course sessions and exams. These courses can be created using the LMS's built-in capabilities or using external course creation software.
Corporate LMS Market Trends
The corporate LMS market is expected to grow as more companies implement sophisticated learning solutions. Using e-learning and traditional training methodologies, businesses use the corporate learning management framework to educate and train their employees. Corporate learning management aids testing and metrics for determining an employee's success.
The expansion of the corporate LMS industry is likely to be fueled by significant cost savings over legacy learning systems, as well as demonstrated results based on increased productivity and efficiency.
Because of its cloud-based deployment approach, LMS is becoming more popular among businesses because it allows organizations all over the world to train their employees regardless of their physical location. As a result, the corporate LMS market is expected to grow in size.
Furthermore, advanced LMS systems, designed specifically for corporations to help them launch a variety of online courses, such as employee onboarding resources, compliance training, and a variety of workshop courses, will have an impact on the growth of the corporate LMS market. Businesses prefer the new corporate LMS software because it provides a centralized library of learning information for both employees and administrators.
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Corporate LMS Market Share
Market Deployment by Type
Based on Type, Cloud deployment is expected to account for the largest share of the corporate LMS market during the forecast period. Because of its cost-effectiveness and associated benefits, many corporate LMS users prefer cloud implementation. The cloud implementation method is highly scalable, dynamic, and cost-effective, with a pay-per-use model based on end-user needs.
Market by Vertical
Based on vertical, The software and technology vertical are expected to dominate the Corporate Learning Management System market in 2018. Because technology advances at a much faster rate in this vertical than in any other, software and technology companies must provide more training to their employees.
Market by Region
Based on region, North America currently dominates the corporate LMS market in terms of revenue generation and is expected to do so throughout the forecast period. Favorable government policies for sophisticated corporate learning solutions, as well as early adoption of solutions by regional enterprises, could explain the growth.
The Asia-Pacific region's market share is expected to grow the fastest over the forecast period, owing to the rise of international firms and the growing demand for corporate training solutions in the region.
Top Major Players in the Corporate LMS Market
• Cornerstone OnDemand
• City & Guilds Group
• Tata Interactive Systems
• Cornerstone OnDemand
• Saba Software
Corporate LMS Market Data by Type
• Cloud Deployment
• On-Premise Deployment
Corporate LMS Market Data by Application
• Small Enterprises
• Large Enterprises
Corporate LMS Market Data by Regions
• North America
• Southeast Asia
• Central & South America
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1. LMS Market: https://reports.valuates.com/market-reports/QYRE-Auto-33E5783/global-learning-management-system-lms
2. e-Learning Market: https://reports.valuates.com/market-reports/QYRE-Othe-0C243/global-elearning
3. K12 Education Technology Market: https://reports.valuates.com/market-reports/QYRE-Othe-1F324/k12-education-technology
4. eLearning VR Market: https://reports.valuates.com/market-reports/QYRE-Othe-3O250/global-e-learning-virtual-reality
5. Virtual Classroom Market: https://reports.valuates.com/market-reports/QYRE-Auto-16X3486/global-and-united-states-virtual-classroom
6. Private Tutoring Market: https://reports.valuates.com/market-reports/QYRE-Auto-280/global-private-tutoring
7. Education ERP Market: https://reports.valuates.com/market-reports/QYRE-Auto-38T3275/global-and-japan-education-erp
8. Digital Education Market: https://reports.valuates.com/market-reports/INFO-Othe-4I48/digital-education
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