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Learning Management System Market Trend Analysis, Competitive Landscape, Forecast To 2032
Learning Management System Market Analysis
The Business Research Company's Learning Management System Global Market Report 2023 identifies increase in adoption of e-learning as the major driver for the learning management system market's growth in the forecast period. E-learning is a learning approach that is based on formalised instruction but uses digital tools. Due to the COVID-19 pandemic, many schools, colleges, and universities were forced to close in order to contain the virus. As a result, education systems embraced e-learning to assist students study from a distance during the epidemic.
The global learning management system (LMS) market size grew from $15.64 billion in 2022 to $18.09 billion in 2023 at a compound annual growth rate (CAGR) of 15.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The learning management system (LMS) market size is expected to grow to $33.3 billion in 2027 at a CAGR of 16.5%.
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Major competitors in the learning management system market are McGraw Hill Education, D2L, SAP SE, Docebo, Absorb LMS, Blackboard Inc., Cornerstone OnDemand, Oracle Corporation, IBM Corporation.
A key trend in the learning management system market includes use of artificial intelligence. Artificial intelligence provides various advantages to the various learning management systems by facilitating a forward-thinking approach to the team member learning experience. A specific set of algorithms is used by an AI based learning platform to learn and make predictions on data. For instance, in January 2021, Syndicate Learning Group, an India based software company announced the launch of most advanced Artificial Intelligence driven Learning Management System. This LMS has a capability to replace most Legacy LMS by bringing in technology features.
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The learning management system market is segmented -
1) By Component: Solution, Services
2) By Delivery Mode: Distance Learning, Instructure LED Training, Blended Training
3) By Deployment Mode: Cloud, On-Premises
4) By End User: Academic, Corporate
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the learning management system market.
The Business Research Company's "Global Learning Management System Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Learning Management System Market Include:
1. Executive Summary
2. Learning Management System (LMS) Market Characteristics
3. Learning Management System (LMS) Market Trends And Strategies
4. Learning Management System (LMS) Market - Macro Economic Scenario
5. Learning Management System (LMS) Market Size And Growth
…….
26. Africa Learning Management System (LMS) Market
27. Learning Management System (LMS) Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Learning Management System (LMS) Market
29. Learning Management System (LMS) Market Future Outlook and Potential Analysis
30. Appendix
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