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Learning Management Systems (LMS) Market to Witness Huge Growth by 2030 |Jzero Solutions Ltd., Paradiso Solutions, SABA Software, Inc.

01-25-2023 03:52 AM CET | IT, New Media & Software

Press release from: Allied Market Research

Learning Management Systems (LMS) Market

Learning Management Systems (LMS) Market

According to the report, the global learning management systems industry generated $12.79 billion in 2020, and is expected to reach $81.22 billion by 2030, registering a CAGR of 20.5% from 2021 to 2030.

Rise in adoption for online learning and online classes to lower down costs and increase in convenience and penetration of smartphones coupled with fast internet connectivity drive the growth of the global learning management systems market.

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However, high prices of courses and unstable internet connections in remote areas restrain the market growth. On the other hand, surge in adoption by educational institutes and developments & initiatives toward digitalized education present new opportunities in the coming years.

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.

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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.

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.

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.

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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.

Leading Market Players
• Blackboard Inc.
• Callidus Software Inc.
• Epignosis LLC
• John Wiley & Sons, Inc.
• Oracle Corporation
• Jzero Solutions Ltd.
• Paradiso Solutions
• SABA Software, Inc.
• SAP SE
• Sumtotal Systems, LLC

Access the full summary at: https://www.alliedmarketresearch.com/learning-management-systems-market

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.

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies. This helps us dig out market data that helps us generate accurate research data tables and confirm utmost accuracy in our market forecasting. Every data company in the domain is concerned. Our secondary data procurement methodology includes deep presented in the reports published by us is extracted through primary interviews with top officials from leading online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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