Learning Management System Market

Learning Management System Market Insights

The market is expected to grow with a CAGR of 14% during the forecast period (2021-2026). The major factors expected to propel the market growth include the rising adoption of digital learning, rising government initiatives for the growth of LMS, rising adoption of Bring Your Device (BYOD) policy,  thegrowing importance of eLearning in academic and corporate setup due to the increased usage of Artificial Intelligence (AI) and Machine Learning (ML) in LMS.

Additionally, the learning management system is known as a software application that provides tools, infrastructure, and context to provide e-learning as well as training solutions to the organizations with its learners. The increasing usage of LMS is being recorded in the world due to its cost-effective solutions and training to people.

Learning Management System Market: By Component

Based on the component, the market is split into services and solutions. The services segment is estimated to exhibit a high growth rate due to the support of software-as-a-service platforms to the infrastructure of learning management platforms because it reduces the implementation time and complexity of the process. The subsegments of service will be showing growth individually based on their performance due to the scope of the segment.

Learning Management System Market: By Delivery Mode

As per the study based on the delivery mode the market can be segmented into distance learning, instructor-led training, and blended learning. The instructor-led training segment is expected to be the dominating segment in the market because of its flexibility. The instructor-led training is where a trainer takes the lead in the learning process by providing instructions to other learners. The corporate training is very common in instructor-led training delivery mode for better performance of employees.

Learning Management System Market: By Deployment Model

The deployment mode can be divided into cloud and on-premises. The cloud deployment model is very common in small organizations and educational institutes due to flexibility of pricing options, better flexibility to learners as well as trainers, simplicity of service-based architecture. Whereas, the on-premises deployment is mostly preferred by the organizations that already have deployed the solution for their convenience.

Learning Management System Market: By User Type

Based on the user type the market can be divided into academic and corporate. The segment which is estimated to dominate the market is academic. The academic users smoothen the process of learning and teaching through the share of voice, and data on the LMS domain which allows mobility, and interaction. The main driver of this domination would be the increasing use of smart devices by the young generation, and the ease of handling teaching materials on the LMS platforms.

Learning Management System Market: By Region

Based on the region, North America is estimated to be the dominating region as it is an advanced market of technologies. The main drivers of this domination can be the new developments in the technological sector of learning, the increased usage of eLearning tools,  therising adoption of smart devices, and appropriate government regulations. Whereas, the Asia Pacific region is expected to be the emerging hotspot for the market mainly due to the adoption of LMS in the education sector by countries like China, Australia, Japan, Malaysia, and India.

Learning Management System Market Share and Competitor Analysis

Docebo, PowerSchool, IBM,D2L Corporation, Adobe Systems, CrossKnowledge, Inc., Cornerstone OnDemand, Epignosis, Blackboard, Paradiso, Pearson PLC, McGraw Hill,Latitude CG, LLC, UpsideLMS, Oracle, G-Cube, SAP SE, Absorb Software LLC, SumTotal Systems LLC, and iSpring Solutionsamong others are the companies who account for a significant part of market demand.

Please note: This is not an exhaustive list of companies profiled in the report.

In March 2020, D2L Corporation collaborated with Bayfield Design Inc. for offering a free online course on science behind the COVID-19 pandemic to educators and learners.