Learning Management System (LMS) Market Size Worth US$ 41.3 Billion Globally by 2027, at 20.3% CAGR

According to the latest report by IMARC Group, titled "Learning Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," The global learning management system (LMS) market reached a value of US$ 13.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 41.3 Billion by 2027, exhibiting at a CAGR of 20.3% during 2022-2027. A learning management system, or LMS, refers to a software application used to implement and administer online learning and training programs. It enables users to host, organize and deliver their learning content and monitor individual progress. It also offers various features like social learning, customizable user interface, mobile compatibility, and pre-built and custom courseware. Nowadays, LMS is gaining traction as it is more cost-effective, productive and easy to use compared to traditional teaching methods.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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Learning Management System Market Trends:

The global learning management system market is primarily driven by the growing popularity of distance learning and e-learning systems. Additionally, the implementation of lockdowns across numerous countries due to the spread of the coronavirus disease (COVID-19) pandemic has led to increased product adoption by businesses and educational institutions. Furthermore, the rising usage of LMS in the healthcare sector for training doctors and nurses about soft skills, such as bedside manners, has augmented the product demand. Other factors, including the introduction of bring-your-own-device (BYOD) policies, several product innovations, and technological advancements, are also anticipated to propel the market growth.

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Competitive Landscape with Key Players:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market:

• Absorb LMS Software Inc.
• Adobe Inc.
• Blackboard Inc.
• Cornerstone OnDemand Inc.
• D2L Corporation, Docebo
• Epignosis LLC
• International Business Machines Corporation
• McGraw Hill
• Oracle Corporation
• Paradiso Solutions
• Pearson
• SAP SE
• Sumtotal Systems LLC (Skillsoft)
• Xerox Corporation

Key Segmentation:

Breakup by Component:

• Solution
• Services

Breakup by User Type:

• Academic
• Corporate

Breakup by Delivery Mode:

• Distance Learning
• Instructor-Led Training
• Blended Learning

Breakup by Application:

• Administration
• Content Management
• Performance Management
• Others

Breakup by End User:

• Government and Education
• Healthcare
• IT and Telecom
• Hospitality
• Retail
• Manufacturing
• Others

Breakup by Region:

• Middle East and Africa
• North America
• Asia-Pacific
• Europe
• Latin America

Key highlights of the Report:

• Market Performance
• Market Outlook
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

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This release was published on openPR.