The Global Corporate LMS market experienced to grow at CAGR of around 3% during the forecast period 2020-2025. As per the studies, the global marketplace is anticipated to reach US$ 493 Mn by the end of the year 2025.
The market growth is majorly supported by increasing trend of BYOD and enterprise mobility, continuous innovation in eLearning tools and increasing focus on continuous learning. Wide adoption of advanced learning solutions amongst several corporates with aide of conventional and e-learning training techniques used by businesses to train and educate staff. Organizations generally prefer new corporate LMS software to integrate with their centralized repository of learning content for both administrators as well as employees.
Corporate LMS software offer substantial cost benefits in comparison to legacy learning systems and proven results that are based upon increased efficiency and productivity that further aids to the overall market growth. Owing to the cloud-based deployment model, corporate LMS are highly popular among companies through which corporates can train their employees around the world. Owing to cost effectiveness and related advantages such as scalable, versatile, variety in payment models, various corporate LMS users prefer cloud deployment type. Hence, contributing majorly in the cloud deployment segment over the forecast period.
Aptara, Articulate, City & Guilds Group, Cornerstone OnDemand, Desire2Learn, Docebo, Oracle, SAP, Saba Software, Schoology, Skillsoft and Tata Interactive Systems are some of the key companies included in the global marketplace. Companies are adopting various key strategies to hold significant position in the global marketplace. Some of the key strategies are product advancements, partnerships, mergers and acquisitions, collaboration, and others.
Asia-Pacific is witnessing fastest growth in the Global Corporate LMS Market
As per the studies, the North America corporate LMS market dominates the global marketplace in terms of revenue generation and is anticipated to maintain the dominance during the forecast period. The regional market growth is attributed to early adoption of solutions by regional businesses and favorable policies of the U.S. government for advanced corporate learning solutions.
The Asia-Pacific corporate LMS market share is anticipated to witness a fastest growth during the forecast period due to continuous growth of multinational companies and rising demand for corporate training solutions in the region.
Segmentation Overview of the Corporate LMS Market
The corporate LMS industry is categorized on the basis of various segments such as type, industry and channel. These market segments are further segmented as:
Based on Type, the global market is segmented into:
- Cloud deployment
- On-premises deployment
Based on Industry, the global market is segmented into:
- Large enterprises
- Small and medium-sized enterprises
Based on Channel, the global market is segmented into:
- Direct Sales
Based on region, the global market is segmented into:
- North America
- The U.S.
- The U.K.
- Rest of Europe
- Asia Pacific
- South Korea
- Australia & NZ
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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