The Learning Management System (LMS) market refers to the use of software tools and services to manage and deliver educational and training content to learners. The market includes a range of solutions, such as cloud-based LMS, on-premises LMS, talent management software, and e-learning content creation tools.
The LMS market has been growing rapidly in recent years, driven by the increasing demand for online and remote learning and the need for organizations to provide effective training to their employees. The market is expected to continue to grow as organizations seek to improve their learning and development programs and as individuals seek to acquire new skills and knowledge.
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The learning management system (LMS) market is projected to grow at an astounding CAGR of 18.0% between 2022 and 2032. From US$ 18.8 Billion in 2022, the market is projected to grow to US$ 98.5 Billion in 2032.
“A rise in consumer preference for learning management systems and an increase in smartphone penetration with fast internet connectivity are key factors driving the market growth during the analysis period.”
During the forecast period, the market growth is anticipated to be accelerated by elements such as the expansion of initiatives and developments aimed at digitalizing education, the widespread adoption of learning management systems by educational institutions, an increase in internet penetration, and a rise in smartphone adoption.
Overall, the LMS market is expected to continue to grow in the coming years as organizations and individuals increasingly recognize the value of online and remote learning. However, the market is also likely to become increasingly competitive, as more vendors enter the space and existing vendors continue to expand their offerings to meet the evolving needs of their customers.
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Recent Developments
- 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.
Key Players
- Blackboard Inc.
- Callidus Software Inc.
- Epignosis LLC
- John Wiley & Sons, Inc.
- Oracle Corporation
- Jzero Solutions Ltd.
- Paradiso Solutions
- SABA Software, Inc.
- SAP SE
- Sumtotal Systems, LLC
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
Learning Management System by Region:
- North America Learning Management System Market
- Latin America Learning Management System Market
- Europe Learning Management System Market
- Asia Pacific Learning Management System Market
- Middle East and Africa Learning Management System Market
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