Global LMS Market
The GMI Research report asserts that the LMS Market will witness a rising demand over the forecast period. This is because of the mounting endorsement of digital learning and the increasing application of machine learning and artificial intelligence in LMS to stimulate eLearning across academic institutions and corporate offices.
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Introduction of the LMS Market
Learning management systems (LMS) are majorly implemented in education and business industries in the form of instructor-based or remote learning. Mergers with messaging platforms and prominent software are fabricating LMS in the corporate sector. It streamlines things for trainers and learners by establishing easy delivery, creation, and consumption of course content.
Key Players of Market:
- Pearson
- Blackboard Inc.
- Cornerstone
- D2L Corporation
- McGraw Hill
- Saba Software
- CrossKnowledge
- PowerSchool
- Xerox Corporation
- Docebo
LMS Market Dynamics
The aggravating endorsement of online learning and increasing incorporation of the internet of things are the prime reasons compounding the growth of the global LMS market. In addition, the evolving trend of bring your own device (BYOD) has supplemented the market growth. Further, the rising inclination of organizations towards e-learning to train and educate their employees as a result of the recurring expenditure on traditional teaching methods is another factor impelling the market growth. For example, Blackboard Inc, in 2020, published a new feature in LMS, Blackboard Learn, a major cloud learning management system. This feature associates students right away to support services from their institution. Furthermore, the communion of LMS with mobile devices and social learning has drifted enterprises towards implementing BYOD culture. Thus, all these factors have strengthened the market growth.
Besides this, the outburst of the coronavirus crisis positively influenced the market growth. This is because the pandemic resulted in the temporary closure of various schools and colleges. The crisis completely transformed the educations system, which fuelled the market growth. The rigorous norms enforced obligated trainers to embrace online teaching solutions. Thus, the Learning Management System Market report states that these factors are fuelling the market growth.
Deployment Model Segment Drivers
The cloud-based segment is predicted to expand at a faster rate during the forecast period. Cloud infrastructure offers enhanced adaptability to trainers and learners with economical service infrastructure. Furthermore, the SaaS model offered by the cloud-based deployment model provides facile service-based architecture. Moreover, the coherence in linking different applications and services serves a major role in proliferating Learning Management System Market Share.
Regional Drivers
The North American region, based on the regional analysis, will perceive a faster growth during the forecast period. The escalating application of eLearning methods and ongoing technological improvements in learning methodologies is fuelling the market share. In addition, the efficient incorporation of organizations with institutions and network arenas has assisted educators to be more responsive to the changes in technologies. These factors are responsible for the enlargement in Learning Management System Market Size.
LMS Market Segmentation:
Segmentation by User Type
- Higher Education
- K-12
- Government
- Business
Segmentation by Deployment Model
- Cloud-Based
- On-Premises
Segmentation by Delivery Mode
- Distance Learning
- Instructor-Led Training
Segmentation by Application
- Administration
- Content Management
- Performance Management
- Others
Segmentation by Region:
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- RoW
- UAE
- Brazil
- South Africa
- Saudi Arabia
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