Learning Management System Market Projected to Surpass US$ 50,995.16 million and Grow at a CAGR of 19.2% During the 2021-2028

The Learning Management System market is expected to grow from US$ 14,895.17 million in 2021 to US$ 50,995.16 million by 2028; it is estimated to grow at a CAGR of 19.2% during 2021 to 2028.

Artificial intelligence (AI) enables computers to communicate with people, understand events, and learn and react to events, as humans do. In addition to the application of AI in industries such as security and surveillance, and information technology, it has been adopted widely in the education sector. The technology is being implemented across schools, colleges, and universities for automating repetitive tasks, such as grading, financial analysis, and admission processes. It can be calibrated to learn and model teachers' actions while grading through advanced computer programs, such as automated grading, for automatic grade assignments.

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The Top key vendors in Learning Management System Market include are:-

• Blackboard Inc.
• Cornerstone
• D2L Corporation
• Docebo
• International Business Machines Corporation
• itslearning AS
• LTGplc
• Hurix
• SAP SE
• Zoho Corporation Pvt. Ltd.

Students' performances have been among the oldest ways to evaluate instructors' performances and their ability to relate to students at various levels. However, most colleges and universities have moved from written questionnaires to online surveys. Chatbots are used to eliminate the intervention of an instructor or other human being to communicate with students in person and collect data. Thus, the rising adoption of AI-powered solutions across the education sector fuels the learning management system market growth. The AI-powered LMS help streamline the process of feeding the information to learners by promoting personalized corporate learning. Artificial intelligence also provides accurate recommendations on how to easily present and curate information based on the needs and preferences of specific learners. Thus, the adoption of AI in education sector, boost the demand for learning management system market.

Learning Management System Market Insights

Rise in Adoption of E-Learning Across Institutions

With e-learning, educational content is delivered to learners through computers, laptops, tablets, or smartphones. It has changed the face of education as learners understand better through the information presented using animation, podcasts, and videos that create a multimodal and realistic learning environment. Further, instead of receiving a passive experience, learners can quickly and easily opt for what they need to learn. In addition, e-learning platforms often allow learners to decide the next courses they want to study.

The increase in the adoption of e-learning has created the demand for learning management software. LMS integration across the learning portals enables content management and file sharing among staff and students. These software solutions are also offered with student progress tracking, student feedback and grading, and assessment creation and management tools. Players that offer LMS include Blackboard, Cornerstone, D2L Corporation, and Docebo. The rise in demand for products facilitating an efficient e-learning experience to staff and students fuels the learning management software market growth.

The learning management system market is segmented based on deployment mode, delivery mode, end-user, and geography. Based on deployment mode, the market is segmented into on-premise and cloud. Based on delivery mode, the learning management system market is segmented into distance learning, instructor-led training, and others. The learning management system market, based on end user, is segmented into K-12, higher education, and corporate. Based on geography, the learning management system market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, North America accounted for a significant share of the learning management system market.

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Learning Management System market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal with regard to different segments. The report predicts the influence of different industry aspects on the Learning Management System market segments and regions.

This report strategically examines the micro-markets and sheds light on the impact of technology upgrades on the performance of the Learning Management System market.

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NOTE: Our team is studying Covid-19 and its impact on various industry verticals and wherever required we will be considering Covid-19 analysis of markets and industries. Cordially get in touch for more details.

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