Learning Management System Global Market – Overview
The Global Learning Management System Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of Learning Management System will grow moderately over the forecast period. The market is forecasted to witness slow but steady growth by 2022, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2022).
The Learning Management System Market is driven by the factors such as the growth of learning management system market is increasing e-learning industry, growing cloud computing market, and increasing demand for cost-effective training solution by industries among others. Furthermore, the growing technology in software industry which is boosting the market growth. On the other hand, high speed internet connectivity is one of the major factors likely to pose challenges to the Market Growth. Some predominant trends such as eLearning Management System and smart devices are propelling the Learning Management System market growth to the large extent.
With the adoption of Artificial Intelligence and Business Intelligence which is integrated with the Learning Management System. The cloud based learning is gaining momentum in the forthcoming years which is propelling the market growth to the large extent. The business intelligence are integrated with Learning Management System which is helpful in analysing distance learning such as correspondence, video, satellite broadcasts, or e-Learning. The learning management system via eLearning based can benefit by increases competences of all participants with high effective knowledge transfer, provide training for distributed staff, exchange of e-learning experiences and building knowledge base, simplify the skills-gaps detection and others.
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Industry/ Innovation/ Related News:
Jan 21, 2016: Blackboard, Inc. had announced for deploying its flagship learning management system and Software-as-a-Service (SaaS). With this announcement, the company is offering Learn Software-as-a-Service Plus and Blackboard Learn Software-as-a-Service Advantage for the higher education institutions in the United States. The company is availing the learning management system along with zero-downtime upgrades, higher quality through continuous delivery, new services innovation, and increased scalability.
July 13, 2016 – McGraw-Hill Education has announced learning platform with canvas learning management system that makes teaching and learning easier for educators and students. With this platform, it would be easier for the companies to connect with the student digitally and deliver the content and adaptive learning to them. This will improve the learning experience for all students.
September 29, 2016 : Expii, Inc. and Edmodo went into the strategic agreement for providing personalised interactive learning to the students and free application that offers personalized learning recommendations. By this agreement, the companies are making content accessible to the users for their learning experience.
Key Players for learning Management System Market:
Some of the major players in Global learning management system Market includes Edmodo (California), Blackboard, Inc. (U.S.), IBM corporation (U.S.), SAP SE (Germany), Xerox corporation (U.S.), Oracle Corporation (U.S.), McGraw-Hill Education (U.S.), Cornerstone On demand, Inc. (U.S.), D2L Corporation (Canada), and Saba Software, Inc. (U.S.) among others.
The worldwide learning management system market has been segregated into four equal divisions. They can be listed as services, applications, geographies and deployment methods.
When it comes to services, the industry is further sub-segmented into content management, administration, communication & collaboration and performance management.
On account of applications, the market is bifurcated into academics and corporate.
Geographically, the market is spread across various areas of the world like North America, Asia Pacific Europe and Rest of the World. Out of these North America has an edge over the other regions and holds the largest market share. It is because the individuals in this area are more knowledgeable and open to accepting this concept. Europe comes second after North America. Asia Pacific is growing rapidly and is expected to override other countries in the coming years.
Lastly, based on deployment methods the market has divided into on premise and cloud.
Learning Management System (LMS) Market Global Market – Regional Analysis
The regional analysis of learning management system (LMS) Market is studied for North America, Europe, Asia Pacific and Rest of the World. The educational sector is flourishing in countries such as U.S. and Canada, resulting in the higher adoption of online learning services by universities. This results in the dominance of North America in learning management system (LMS) market. Additionally, higher immigration of students from different developing countries to United States has increased the use of learning management system (LMS) for the purpose of gaining education by online means.
Asia-Pacific is expected to be the fastest growing region for learning management system (LMS) market owing to increased demand by organization for cost-effective learning system to train their employees which would give better ROI in the future. Hence, the key players in the market are constantly innovating and investing in research and development activities in order to create cost-effective product portfolio.
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