Industry Overview

Global learning management systems market was valued at USD 14.18 Bn in 2020 and is expected to grow at a CAGR of 24.8% during 2021–2030 to reach 55.43 Bn by the year 2030. The market growth is accounted for growing demand from educational institutions to adopt high end-technology and rising inclination towards customized learning systems.

Introduction

A Learning Management System is the software that companies use to deliver, develop, and track training for their employees, partners, clients. When companies use an LMS to deliver training online, learners from anywhere in the world can connect with instructors, whether in real time or through recorded sessions. At the same time, trainees have access to online training material (courses, guides, quizzes, videos, etc.) any time they want.

Learning Management Systems Market Covid-19 Pandemic Impact & Recovery Analysis

The ongoing COVID-19 pandemic has resulted in a countrywide lockdown in major nations, affecting a variety of industries including automotive, aviation, consumer electronics, and medicines. Electronic equipment and instruments are in short supply, and decreasing stock market prices have impacted the healthcare business and are projected to have a negative influence on the worldwide market. Furthermore, financial policies in developing countries are likely to fail to prevent a large increase in unemployment and company closures, which might result in weak recovery following the pandemic.

At the moment, a 3D printer can only produce one item at a time. As a result, the market may have a significant barrier in producing large units. Working on one object at a time, on the other hand, can maximize the product’s customization possibilities. Furthermore, the information gap between several disciplines engaged in the progress of printed electronics is projected to stymie the market’s expansion. The restrictions and obstacles impacting demand for Learning Management Systems are most likely to be solved by increased investments in research and development and expanding breakthroughs in Internet of Things technology. Other factors that are contributing to the growth of the Learning Management Systems market include increased manufacturing efficiency and productivity, as well as the rise of the consumer electronics industry in numerous areas.

Know how Covid-19 pandemic affected market growth: Order Free Sample & Covid-19 pandemics impact & recovery analysis

 Learning Management Systems Market Dynamics

The usage of cloud-based LMS solutions is increasing

Businesses and educational institutions demand to be able to observe and track their employees’ or students’ learning progress. Traditional methods of tracking learners’ progress, such as taking questionnaires manually or using a survey tool, are expensive and inaccurate. Manual surveys have a number of drawbacks, including time consumption, poor response rates, a lack of reference or benchmarks, and the chance of wrong responses. Organizations are unable to adequately track the efficacy of their programmed due to time constraints and a lack of suitable assessment tools.

Insufficient performance tracking KPI’s

LMS suppliers are continuously seeking to add new technology to improve their products as the popularity of LMS systems grows. With more images and less text, more interesting themes and expressions, an emphasis on virtual immersion learning, and, eventually, gamification to engage eLearners, LMS solutions enable instructors adapt to shrinking attention spans. Artificial Intelligence (AI) can be used to build an AI-based mentor that can assist students in understanding ideas, recommending courses, and providing comments to help them better their grades. Other technologies, such as data analysis, assess students’ mental processes and learning styles based on their everyday interactions, allowing them to give personalized courses and a customized learning experience for them.

Know how the market dynamics are projected to shift: Order Free Sample & Competition Landscape Mapping

Learning Management Systems Market Segment Analysis

The Learning Management Systems market is segmented by, component, by user type, by academic users, by deployment & by region.

Insights by Deployment

Based on deployment the market is segmented into cloud and on-premises. In the year 2020, cloud based segment accounted for largest market share owing to increasing technological growth and consumer demand for flexible solutions that can be easily implemented in remote infrastructures.

Insights by Type

Under User Type, the Corporate segment is expected to have the highest growth rate during the forecast period 2021-2030. The corporate segment is further sub-segmented into software and technology, healthcare, retail, BFSI, manufacturing, government & defense, telecom, and others (transportation & logistics, energy & utilities,, and travel & hospitality) LMS is widely used in different industries, as digital learning is highly adopted for training the workforce in major organization. Enterprises across various industries choose to deploy LMS solution suites as per their learning requirements and regulations that need to be complied with.

Insights by End-User Industry

The Higher education sub-segment to have the highest share among the Academic users. The nature of the syllabus for higher education is more complex compared to primary and secondary education. Learners are expected to grasp more knowledge/skill in a short period in the post-secondary course. Hence, the importance of organizing the learning process is significantly higher in higher education. LMS is used in higher education to simplify the learning process

Know how the key market segments are projected to drive overall growth over the forecast period: Order Free Sample Report

Learning Management Systems Market Regional Analysis

The APAC LMS Market is estimated to have strong growth in the future. Government initiatives to promote the digital infrastructure are responsible for driving the adoption of video conferencing solutions in the region. APAC is projected to witness enhanced growth opportunities during the forecast period. Countries in APAC are considerably contributing toward the growth of the market, owing to the rapid adoption of various LMS solutions by enterprises in the region. The region has the highest student population, and with advancing technologies, there is a growing demand for eLearning and distance education. This drives the LMS market to meet diversified educational requirements across various countries in the APAC region, such as Australia and New Zealand (ANZ), Japan, China, Singapore, and India.

Know how MICRO & MACRO factors are impacting the regional growth: Order Free Sample Report

Competitive Insights

The market is highly competitive in nature and key market players are focusing on leveraging R&D, new product development, joint ventures, mergers, acquisitions, and partnerships to gain a competitive edge in the market.

Major companies in the Learning Management Systems market include:

• Cornerstone OnDemand
• Blackboard
• SumTotal
• IBM
• LTG
• Oracle
• Infor
• Adobe
• Docebo
• PowerSchool
• Instructure
• D2L
• SAP
• Others (20+ Companies are profiled in the final report)

Know-how key market developments are projected to impact the future growth: Order Free Competition Landscape Mapping

Learning Management Systems Market Report Coverage

Global Learning Management Systems Market, by Component

• Solutions
• Services
• Support Services
• Consulting
• Implementation

Global Learning Management Systems Market, by Deployment

• Cloud
• On-premise

Global Learning Management Systems Market, by End-User

• Academic
• K-12
• Healthcare
• Retail
• Banking, Financial Services, and Insurance (BFSI)
• Manufacturing
• Higher Education
• Corporate
• Software & Technology
• Government & Defense
• Telecom
• Other Corporate Users

Global Learning Management Systems Market, by Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
• Asia Pacific
  • South Korea
  • Japan
  • India
  • China
  • Australia
  • Malaysia
• Middle East & Africa
  • Saudi Arabia
  • United Arab Emirates
  • South Africa
• South America
  • Brazil
  • Argentina