The learning management system (LMS) market is expected to grow at an astounding 18.0% CAGR between 2022 and 2032. The market is expected to grow from US$ 18.8 billion in 2022 to US$ 98.5 billion in 2032.
The primary factors driving market expansion throughout the analysis period include an increase in smartphone adoption, fast internet access, and a rise in customer preference for learning management systems.
Educational institutions use tools to support and improve the effectiveness of teaching and learning.
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Also, a rise in consumer desire for learning management systems, fast 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. Due to variables like the automation of procedures that currently require human intervention, integrating artificial intelligence (AI) also presents considerable opportunity for learning management system firms to increase their product offerings.
Key Takeaways from the Learning Management Systems Market Study
- Global learning management system (LMS) market was valued at US$ 18.8 Billion by 2022-end
- The US to account for the highest value share of US$ 31.9 Billion of global market demand for learning management systems in 2032
- From 2015 to 2021, Learning Management System (LMS) demand expanded at a CAGR of 19.6%
- By Component, the solutions category constitutes the bulk of learning management system with a CAGR of 17.2%.
“An increase in penetration of smartphones coupled with fast internet connectivity, and rise in preference among consumers for learning management systems are essential factors propelling the market growth during the analysis period,” remarks an FMI analyst.
Learning Management Systems Market Competitive Landscape–
Blackboard Inc., Callidus Software Inc., Epignosis LLC, John Wiley & Sons, Inc., Oracle Corporation, Jzero Solutions Ltd., Paradiso Solutions, SABA Software, Inc., SAP SE, and Sumtotal Systems, LLC, among others are the top companies in the global learning management system (LMS) market.
Players in the global Learning Management System (LMS) Market focus on expanding their global reach through various strategies, such as; partnerships, collaborations, and partnerships. The players are also making a significant investment in R&D to add innovations to their products, which would help them in strengthening their position in the global market.
Some of the recent developments among the key players are:
In July 2021, PowerSchool announced that it would price the class A common stocks at USD 18 per share in the New York Stock Exchange (NYSE). This would help the company repay outstanding debt expenses related to the IPO.
In December 2020, D2L partnered with Microsoft to integrate Brightspace LMS with Microsoft Teams. This would enhance the learning experience by allowing to access a private Teams space on Brightspace platform.
In October 2020, Blackboard launched Blackboard Reach, its new solution for K-12 institutes. The solution was aimed to help parents to connect with teachers and have meaningful and real-time discussions.
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Key Segments Covered in the Learning Management System Market Report
Learning Management System by Component:
- Learning Management Solutions
- Learning Management Services
- Learning Management Consulting
- Learning Management Implementation
- Learning Management Support Services
Learning Management System by Delivery Mode:
- Distance Learning Management Systems
- Instructor-led Training Learning Management Systems
- Blended Learning Management Systems
Learning Management Systems by Deployment Mode:
- Cloud-based Learning Management Systems
- On-Premises Learning Management Systems
Learning Management System by End User:
Learning Management Systems for Academics
- K-12
- Higher Education
Learning Management System for Corporates
- Software & Technology
- Healthcare
- Retail
- Banking, Financial, Services and Insurance (BFSI)
- Manufacturing
- Government & Defense
- Telecom
- Other Corporate Users
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