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Learning Management Systems (LMS) Market Trends and Forecast by 2024

04-14-2017 12:10 AM CET | IT, New Media & Software

Press release from: TMR - Research Reports

Learning Management Systems, Learning Management Systems Market, Learning Management Systems Industry

Learning Management Systems, Learning Management Systems Market, Learning Management Systems Industry

In recent years, the increased efficiency of the Internet has promoted e-teaching and e-learning practices worldwide. This, coupled with advancements in networking technologies has enabled improved communication and integration, thereby resulting in flawless online learning and training sessions. This has had a significant impact on the emergence as well as development of learning management systems (LMS).

The global LMS market is projected to witness steady growth over the forecast period. This can be attributed to factors such as the increasing preference for distance learning, developing network infrastructure in developing regions, the adoption of cloud-based LMS by SMEs, and corporate sectors offering online trainings to its employees.

The market for learning management systems is projected to amount to US$18.8 bn by 2024, rising from a valuation of US$3.4 bn in 2015. If these values hold true, the market is expected to develop at an impressive CAGR of 19.9% therein.

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On the basis of deployment, on-premise deployment dominated the market in 2015, especially in the Middle East and Africa and South America. This can be primarily attributed to the adoption of learning management systems by large enterprises. However, analysts predict that hosted deployment is expected to lead the market in the coming years, with the increasing adoption of LMS by small and medium enterprises due to its cost benefits over on-premise deployment.

By user group, the education and corporate sectors account for nearly the same share in the global LMS market and are likely to witness high growth during the forecast period. In recent years, corporate sectors have been emphasizing on online corporate trainings and orientation programs for employees. On the other hand, growing educational awareness in developing countries and government initiatives to provide quality education is expected to benefit the education segment of the global LMS market.

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The Asia Pacific market for LMS is projected to present high scope for growth during the forecast period. Developed countries such as Japan are the leading contributors in terms of the adoption of learning management systems in the region. Ongoing network infrastructure developments in India and Philippines and growing investments in the commercial sector are also anticipated to favor the LMS market in Asia Pacific. Government initiatives to promote digital education is another factor expected to create potential opportunities for LMS vendors in the coming years.

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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We have an experienced team of Analysts, Researchers, and Consultants, who us e proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR Syndicated Research report covers a different sector – such as pharmaceuticals, chemical, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, our syndicated reports thrive to provide clients to serve their overall research requirement.

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