Learning Management System Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Component (Solutions and Services), By Deployment (On-Premises and Cloud), By End User Industry (Education, Oil & Gas energy, BFSI, Government & Defense, IT & Telecom, Transportation and Others), By Region
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationLearning Management System Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Component (Solutions and Services), By Deployment (On-Premises and Cloud), By End User Industry (Education, Oil & Gas energy, BFSI, Government & Defense, IT & Telecom, Transportation and Others), By Region
Global Learning Management System market is predicted to develop at a rapid pace throughout the forecast period. Learning Management Systems (LMS) are a software application used for the administration, documentation, tracking, reporting, and delivery of educational courses, training programs, or learning and development programs. The global LMS market has experienced steady growth over the past few years, driven by the increasing demand for e-learning, the growing need for continuous learning and development, and the increasing use of technology in education. This report will examine the current state of the Learning Management System market, including trends, challenges, and opportunities.
With people favoring training and learning sessions more and more, there is a noticeable increase in the need for intelligent and interactive learning platforms including electronic learning (eLearning), open online courses, mobile education, and online tutorials. Educational institutions use tools to assist and improve the effectiveness of teaching and learning. This element will probably increase demand for learning management systems. Important industry firms are likewise focusing solely on meeting the soaring need for personalized, secure, and interactive learning technologies.
The availability of learning modules on electronic platforms via the internet and technical developments have recently revolutionized the educational system all over the world. For an improved user experience with the learning environment, the internet and smart devices have integrated learning management systems. Owing to the low-cost cloud deployment approach, several user types, including academics and businesses, are embracing LMS at a quick rate, which is likely to enhance growth in the upcoming years.
One of the main factors driving the market is the rising usage of learning management systems for online and classroom instruction to save costs and improve convenience. Also, rising consumer desire for learning management systems, rapid internet access, and widespread use of these systems by educational institutions are all factors that are accelerating the growth of the learning management systems market. High course costs and erratic internet connectivity in outlying places, however, restrain industry expansion. Contrarily, because of things such as the automation of procedures that require human intervention, the integration of artificial intelligence (AI) presents huge opportunity for learning management system firms to extend their products. The market growth is attributed to the rising demand for e-learning solutions across various industries, the growing adoption of cloud-based solutions, and the increasing use of artificial intelligence and machine learning in LMS.
Increasing Demand for E-Learning Solutions
One of the primary drivers of the LMS market is the increasing usage of e-learning solutions across various sectors. The COVID-19 epidemic has exacerbated the need for remote and online learning solutions, resulting in a boom in demand for digital learning systems.
The increasing popularity of online learning and training in higher education
Institutions are increasingly using online interactive learning approaches to achieve a competitive advantage. With increasing internet penetration and cloud use, the learning management model provides user-friendly content development and delivery options across websites, mobile devices, and social networks. The software also assists in the administration, reporting, tracking, and automation of online learning courses. As a result, many educational institutions are transitioning toward interactive online learning approaches. In the education business, internet teaching and learning approaches are becoming more popular. Hence, the growing adoption of learning management systems in higher education institutions is expected to boost market growth.
Download Free Sample ReportIncrease in Adoption of Learning Management Systems
The increased usage of learning management systems for online learning and in-person classes to cut costs and boost convenience are important market drivers. Moreover, increased smartphone prevalence along with fast internet access, customer desire for learning management systems, and widespread acceptance of these systems among educational institutions all contribute to the learning management systems market's development. Yet, exorbitant course fees and inconsistent internet connectivity in distant places restrain industry expansion. However, variables such as automation of human-intervened procedures and the incorporation of artificial intelligence (AI) presents considerable opportunity for learning management system firms to extend their products. Moreover, rise in technologies and activities toward digitalized education is expected to provide potential growth opportunity for the market.
Conventional Training Has A Significant Impact On Market Growth
A learning management system supports teachers and educators during the learning session. It supplements the classroom that helps in delivering and recording content. Many organizations are using tools for instruction delivery in the traditional classroom. However, as per various surveys, the impact and the end result of traditional teaching are observed to be more impactful. Experts in the industry suggest that although virtual reality technology can be utilized to improve the learning experience, it is not suitable for hands-on training and practical sessions. Consequently, this could put a constraint on the growth of this market.
The global Learning Management System market is experiencing several trends that are shaping the future of the industry. These trends include blended learning, social learning, microlearning, personalized learning, gamification, mobile learning, and cloud-based solutions. LMS providers need to keep up with these trends to remain competitive and meet the evolving needs of organizations and learners.
Challenges faced in the Market
There is a scarcity of LMS solutions that handle several languages. For pupils whose first language is not English, language might be a hurdle. Research found that around 75% of the world's population does not speak English at all. LMS suppliers must provide multiple-language support for diverse areas in situations like these. Some students' limited vocabulary and language abilities may make it difficult for them to fully engage in class, communicate with peers, and study to their full potential. As a result, LMS suppliers must overcome this obstacle to assist students relax and empower them to have an efficient learning experience. The following market tends to increase the usage of Learning Management System solutions throughout the forecast period.
Recent Developments
- In January 2023,Blackboard Inc. hasannounced that Cire Services Inc. has chosen to utilize its cloud-basedlearning management system, Blackboard Learn, and its virtual classroomsolution, Blackboard Collaborate, to assist students in their academicpursuits. Following an extensive evaluation of the most pertinent onlinelearning solutions available (such as Learn, Canvas, Moodle, etc.), CireServices Inc. decided that Blackboard's integrated solutions are best suited tothe organization's plans to migrate to an online delivery model.
- In December 2022, McGrawHill announced the acquisition of Ryan Medical Education LLC, d/b/a Boards& Beyond, a supplier of on-demand video libraries and extensive onlineresources that assist medical students in learning the principles of medicalbasic sciences and clinical medicine. McGraw Hill's digital capabilities anddeep presence in the medical education sector are expanded by the acquisition,which supplements the company's authoritative, trusted content and powerfuldigital platforms with Boards & Beyond's dynamic, video-driven instruction andhigh-quality assessment content.
- Throughout theireducational and professional lives, medical students and professionals haverelied on McGraw Hill for learning information. Millions of physiciansworldwide rely on McGraw Hill resources such as Harrison's Principles ofInternal Medicine and its access medicine digital subscription services.
Market Segmentation
Company Profiles
McGraw Hill, Blackboard Inc, John Wiley & Sons, Inc, Saba Software, Callidus Software Inc, Paradiso Solutions, Oracle Corporation, Emerson Network Power, Jzero Solutions Ltd, Epignosis LLC,
| Attribute | Details |
| Base Year | 2022 |
| Historical Years | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Billion and CAGR for 2018-2022 and 2023E-2028F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | By Component By Deployment By End User Industry By Region |
| Regional Scope | Asia-Pacific, North America, Europe, Middle East & Africa and South America |
| Country Scope | China, Japan, India, Australia, South Korea, United States, Canada, Mexico, United Kingdom, Germany, France, Spain, Italy, Israel, Turkey, Saudi Arabia, UAE, Brazil, Argentina, Colombia |
| McGraw Hill, Blackboard Inc, John Wiley & Sons, Inc, Saba Software, Callidus Software Inc, Paradiso Solutions, Oracle Corporation, Emerson Network Power, Jzero Solutions Ltd, Epignosis LLC. | |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail of customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
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