Global Learning Management System Market Size, Trends & Analysis - Forecasts to 2026 By Type of Component (Solutions and Services [Support Services, Implementation Services, and Consulting Services]), By Type of Delivery Mode (Distance Learning, Instructure Led Training, and Blended Learning), By Type of Deployment Mode (Cloud and On-Premises), By Type of User (Academic [K-12 and Higher Education] and Corporate [Software & Technology, Healthcare, Retail, BFSI, Manufacturing, Government & Defense, Telecom, and Others]), By Type of Region (NA [North America], Europe, APAC [Asia Pacific], MEA [the Middle East & Africa], and CSA [Central & South America]), End-User Landscape, Vendor Landscape, Company Market Share Analysis & Competitor Analysis
Learning Management System Market Insights
The learning management system market is accounted for by identifying a stupendous amplification in CAGR over 13.5% during the forecast period (2020-2026). The learning management system software is a cloud-based software used to manage record documentation, monitoring, broadcasting, computerization, delivery of development programs. The concept of LMS had developed straight from e-Learning. Due to the COVID-19 pandemic, all educational institutions had to shut down that hampered the process of learning and knowledge gaining for students. With the implementation of social distancing norms and work-from-home, many training experts were compelled to adopt LMS solutions for uninterrupted sessions that aided the constant operation of the global market. An accretion in digitization, BYOD Culture, the surge in the usage of electronic devices, and low-cost cloud deployment solutions are the streamers voyaging the global market.
Learning Management System Market: By Type of Component
The market fragmentation based on components can be viewed as solutions and services. Support services, implementation services, and consulting services are the elements of the service segment, out of which service segment will dominate the global market. The prevalence of the market can be linked with representatives such as an increase in digitization, adaption of software training solutions, and ease in data operation convenience assisting the plunge of the market.
Learning Management System Market: By Type of Delivery Mode
The distinct delivery modes in the LMS market are distance learning, instructor-led training, and blended learning. Distance learning is education rendered to the students who are not physically present at the institutions, instructor-led training is the practice of learning between lecturer and pupils either in groups or individuals, and blend training is the education administered through electronic devices virtually through online mode.
Instructor-led learning will grow phenomenally during the forecast period. An increase in e-learning business in developing nations, demand for cost-effective coaching explications, and administration schemes to revise the conventional education system are the determinants directing the escalation of the market.
Learning Management System Market: By Type of Deployment Mode
Cloud and on-premises are deployment modes in the learning management system. Cloud technology is accounted to hold the largest market size compared to on-premises deployment mode due to the accelerators such as high-speed internet availability. The surge in demand for online worker commitment plans, and an increase in web-based learning portals that cruise the expedition of the market.
Learning Management System Market: By Type of User
On the basis of users, the market breakdown can be pictured as Academic and corporate. K-12 and higher education are the distinct academic users in the market whereas software & technology, healthcare, retail, BFSI, manufacturing, government & defense, telecom, and others are the various corporate users in the domain. The academic sector will record have the largest share in the subsequent years due to the constituents such as an increase in the production of electronic devices, effortless accessibility to the internet, and faster dependence over the e-learning platform.
Learning Management System Market: By Region
APAC will exhibit a high growth rate between the forecast period. Adoption of digital technologies such as IoT, staggering growth of e-learning industries in economically growing nations like India, China, and overseas collaboration of universities and other educational institutions are a few of the influential inferences pointing towards a wondrous jolt in the global market.
Learning Management System Market Share and Competitor Analysis
Cornerstone OnDemand Inc., Blackboard Inc., D2L Corporation, Adobe Systems Inc., CrossKnowledge, Oracle Corporation, SAP SE, Docebo, PowerSchool, IBM Corporation, Epignosis, Pearson PLC, McGraw Hill, SumTotal Systems LLC, Absorb Software LLC, iSpring Solutions Inc., G-Cube LMS, Latitude CG LLC, UpsideLMS, and Paradiso LMS among others are the major players in the global learning management system market.
Please note: This is not an exhaustive list of companies profiled in the report.
In April 2020, Cornerstone OnDemand Inc., acquired Saba Software, a global provider of talent experience solutions for USD 1.4 Million.
In April 2020, Blackboard Inc. introduced a unique distant learning solution called the Blackboard Unite for K-12. This launch will aid the transformation of e-learning into a virtual learning model.
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The Global Learning Management System Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Learning Management System Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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