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Corporate Learning Management System (LMS) Global Market Analysis, Trends, Growth, Research And Forecast 2033
Corporate Learning Management System (LMS) Global Market
The Business Research Company presents an extensive market research report on the Corporate Learning Management System (LMS) Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The corporate learning management system (LMS) market size has grown exponentially in recent years. It will grow from $9.92 billion in 2023 to $12.25 billion in 2024 at a compound annual growth rate (CAGR) of 23.4%. The growth in the historic period can be attributed to talent development and employee engagement, rise of blended learning, cost reduction and efficiency , globalization of workforces, e-learning and digital transformation.
The corporate learning management system (LMS) market size is expected to see exponential growth in the next few years. It will grow to $28.21 billion in 2028 at a compound annual growth rate (CAGR) of 23.1%. The growth in the forecast period can be attributed to vendor consolidation and platform evolution, globalization and multilingual support, integration with HR and talent management, continuous learning culture, focus on employee well-being. Major trends in the forecast period include ai and personalization, immersive technologies, data privacy and security, automation and chatbots, integration with HR tech.
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Key Market Players:
Major companies operating in the corporate learning management system (lms) market report are International Business Machines Corporation, Oracle Corporation, SAP SE, Adobe Systems Incorporated, Xerox Corporation, Aptara Inc., Zoho Corporation Pvt. Ltd., Cornerstone OnDemand Inc., Blackboard Inc., PowerSchool, Seismic Software Inc., HealthStream Inc., D2L Corporation, Paylocity Holding Corporation, Docebo Inc., Paycor HCM Inc., Instructure Inc., G-Cube LMS, Moodle, City and Guilds Group, Axonify Inc., Intellum, Tovuti LMS, iSpring Solutions Inc., Thought Industries, Rustici Software (SCORM Cloud), SkyPrep
Market Drivers:
The increasing demand for skill-based and goal-driven training is expected to propel the growth of the corporate learning management system LMS) market in the coming years. Skill-based and goal-driven training entails focusing on developing specific skills while aligning learning objectives with predetermined goals or outcomes. LMS facilitates skill-based and goal-driven training by providing a structured platform for organizing, delivering, and tracking learning content tailored to specific skills and objectives. For instance, in April 2022, according to a survey of 2,840 respondents by Met Life Inc., a US-based life insurance company, 45% of employees expressed a demand for employers to prioritize employee development, training, and advancement opportunities in the workplace, a significant increase from the 3% reported in 2020. Therefore, the increasing demand for skill-based and goal-driven training is driving the growth of the corporate learning management system LMS) market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/corporate-learning-management-system-lms-global-market-report
The corporate learning management system (lms) market covered in this report is segmented -
1) By Component: Solution, Services
2) By Deployment: On-Premise, Cloud
3) By Organization Type: Large Enterprises, Small And Medium Enterprises
4) By Industry Vertical: Software And Technology, Retail, Banking, Financial Services And Insurance (BFSI), Manufacturing, Telecommunication, Government And Defense
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