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Learning Management System (LMS) Market Size, Growth Analysis, Share, Key Trends And Forecast To 2033
Learning Management System (LMS) Market
Learning Management System (LMS) Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $37.5 billion In 2028 At A CAGR Of 16.3% :
The learning management system (lms) market size has grown rapidly in recent years. It will grow from $17.74 billion in 2023 to $20.5 billion in 2024 at a compound annual growth rate (CAGR) of 15.6%. The growth in the historic period can be attributed to corporate training needs, scalability and flexibility, cost savings, rise of blended learning, globalization of education.
The learning management system (lms) market size is expected to see rapid growth in the next few years. It will grow to $37.5 billion in 2028 at a compound annual growth rate (CAGR) of 16.3%. The growth in the forecast period can be attributed to microlearning trends, gamification in learning, lifelong learning initiatives, focus on soft skills training, competency-based learning. Major trends in the forecast period include voice-enabled search and navigation, voice-enhanced content delivery, multimodal learning experiences, language learning support, real-time language translation, podcast-style learning modules, adaptive learning with voice..
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Learning Management System (LMS) Market Major Segments
The learning management system (lms) market covered in this report 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
Key Driver - Rapid Growth Of E-Learning Drives The Learning Management System (LMS) Market
The increase in adoption of e-learning is expected to drive the growth of learning management system (LMS) market in the coming years. 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. For instance, in September 2023, according to ProsperityForAll, a US-based online learning platforms and course provider company, the penetration rate of online learning platform in 2020 was 6.8%, rising to 9.9% in 2022. Therefore, the increasing adoption of e-learning propels the learning management system (LMS) market growth.
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Prominent Trend - Artificial Intelligence Transforming The Learning Management Systems (LMS) Market
The use of artificial intelligence is a key trend gaining the popularity in the learning management system (LMS) market. 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.
Learning Management System (LMS) Market Players
Major companies operating in the learning management system (lms) market report are McGraw-Hill Global Education Holdings LLC, Desire2Learn Inc., SAP SE, Docebo Inc., Absorb Software Inc., Blackboard Inc., Cornerstone OnDemand Inc., Oracle Corporation, Internation Business Machines Corporation, Pearson plc, PowerSchool Group LLC, Epignosis LLC, Skillsoft Corporation, Aptara Inc., Articulate Global Inc., Schoology Inc., MPS Interactive Systems Limited, NetDimensions Holdings Limited, Adobe Inc., CrossKnowledge Group Ltd., SumTotal Systems LLC, Instructure Inc., Tovuti Inc., iSpring Solutions Inc., Callidus Software Inc., John Wiley & Sons Inc., Jzero Solutions Ltd., Paradiso Solutions Inc., Saba Software Inc., Moodle Pty Ltd., Edmodo Inc., Google LLC, Litmos Limited, LearnUpon Limited, Atrixware LLC, G-Cube Webwide Software Private Limited
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Largest And Fastest Growing Region In The Market
North America was the largest region in the learning management system market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the learning management system (lms) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Learning Management System (LMS) Market Report Structure
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
…..
27. Learning Management System (LMS) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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