Recent Learning Management System Market Developments, Comprehensive Analysis, Industry Revenue Figures, Outlook, and Study of Top Players until 2029

The LMS market size is expected to grow from USD 18.7 billion in 2022 to USD43.6 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 18.4% during the forecast period. The increasing adoption and proliferation of the e-learning industry and the increasing adoption of cloud-based LMS solutions are a few factors driving the growth of the LMS market.

🔥 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 + 𝐃𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐓𝐎𝐂 ➡️ https://www.reportsnreports.com/contacts/requestsample.aspx?name=6751529

🌟 𝐓𝐨𝐩 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
🟩 Blackboard Inc. (US)
🟩 Cornerstone (US)
🟩 Moodle (Australia)
🟩 D2L Corporation (Canada)
🟩 Instructure Inc. (US)
🟩 PowerSchool (US)
🟩 IBM (US)
🟩 Infor (US)
🟩 Adobe (US)
🟩 LTG (UK)
🟩 Google (US)
🟩 Oracle (US)
🟩 SAP SE (Germany)
🟩 Docebo (Canada)
🟩 LearningPool (UK)

The service providers assist learners in individual professional development for career path planning and professional development

These service providers handle the implementation of solutions tailored to fit the business processes, such as network services. LMS service providers assist and support organizational entities, such as customers, partners, support teams, marketing teams, and employees, with individual development and training.

With apt support, users can upgrade and maintain the deployed solution for a longer duration

Support services are crucial, as they directly deal with customer issues, which, in turn, impacts customer satisfaction. Every solution vendor has a dedicated support team to serve its customers. Support, solution maintenance, customer portals, post-deployment assistance, and client testimonials are a few services provided through the support services segment.

Blended learning enables flexibility for the teachers and students to access learning material through LMS

Companies are creating customized mobile applications that can be used to train new and existing employees. These applications are like in-class learning applications, providing training and instructions using mobile devices. The growing trend of pre-recorded lectures, virtual instructor-led training, and the use of mobile devices has boosted the market growth of the blended learning delivery mode.

Employees in the corporates can access the learning content to learn at their own pace and refresh their knowledge

Enterprises need content management solutions to organize all the new learning content to train employees about the safety and health regulations related to the pandemic. The revenue growth of this segment is expected to be driven by the rapid utilization of LMS in business operations such as sales development, leadership skills training and assessment, product promotion and training, recruitment and communication, corporate meeting, and customer relations. Companies are using learning management system platforms to train their employees better and share information about their products and services.

The introduction of policies to modernize the sector with private player participation and investment has boosted the demand for K12 education

The sudden emergence of the pandemic has forced schools and other educational institutions to shift to online learning platforms. This has boosted the demand for online K12 education. E-learning and software solutions provide well-organized enterprise resource planning systems to build improved courses and efficiently manage classrooms. Online platforms create virtual classrooms that enable teachers to manage a large audience without any budget constraints. Students get to have more one-on-one sessions with their teachers.

Advanced eLearning technologies, such as 3D images of internal organs and live interaction with experts, have increased the effectiveness of eLearning in the medical industry

Technological developments in the healthcare vertical have transformed this industry's functioning and made it important to train healthcare professionals and improve their knowledge and skills. Companies in this vertical normally select a corporate LMS that is compliant with the Joint Commission on Accreditation of Health Care Organizations process (JCAHO), Centers for Disease Control and Prevention (CDC), Occupational Safety and Health Administration (OSHA), Centers for Medicare & Medicaid Services, Health Insurance Portability and Accountability Act (HIPAA), and Good Clinical Practice (GCP). To keep track of the hospital personnel and abide to regulatory standards, it is essential to train administrators to offer on-demand learning and update the records easily. LMS also helps healthcare workers track their learning plans and progress.

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The global LMS market has been segmented based on component, deployment type, delivery mode, user type, and region. By component, the LMS market has been segmented into solutions and services (consulting, implementation, and support). By deployment type, the LMS market has been segmented into cloud and on-premises. The delivery mode has been segmented into instructor-led training, distance learning, and blended learning.

By user type, the LMS market covers academic institutions (K-12 and higher education), and corporates (software and technology, Banking, Financial Services, and Insurance {BFSI}, healthcare, government, retail, manufacturing, and others {energy and utilities, transportation and logistics, and travel and hospitality}). By region, the LMS market has been segmented into North America, Europe, APAC, MEA, and Latin America.

This release was published on openPR.