Learning Management System (LMS) Market Overview:
Learning Management System (LMS) Market was valued at $4,396 million in 2016, and is estimated to reach $15,391 million by 2023, growing at a CAGR of 20.0% from 2017 to 2023. LMS including cloud and on-premise deployment models, is offered by prominent LMS solution providers, such as Litmos Limited, Oracle Corporation, Paradiso Solutions, Saba Software, Inc., and others, to enhance learning management solutions among the users. The global LMS market is expected to witness significant growth, due to the rise in ICT expenditure by governments of various developed and the developing regions, including North America, Europe, and Asia-Pacific.
The Asia-Pacific LMS market is expected to register the highest CAGR in the near future, as countries such as China, India, Japan, and Australia offer lucrative opportunities for market players. Global vendors are investing high capital in the market to improve the overall LMS solution offering to ensure low-cost and optimized employee training modules and solutions. Moreover, increase in demand for low cost cloud deployment and surge in bring your own devices (BYOD) are key drivers of the European LMS market.
Growth in number of connected devices in IoT and surge in demand for on-line employee engagement programs contribute to the market growth in North America and Europe. LAMEA is expected to account less market share as compared to other regions, due to slow ICT spending and slow adoption of e-learning solutions. Furthermore, Latin America and Middle East are expected to gain traction, but the growth is expected to be stable during the forecast period.
Learning Management System (LMS) Market Segmentation
The global LMS market is segmented based on deployment model, user type, industry vertical, and geography. Based on deployment model, it is categorized into cloud and on-premise deployment models. By user type, it is divided into academic and enterprises. The industry vertical segment includes government & education, retail, healthcare, it & telecom, manufacturing, hospitality, and others.
The key players profiled in the report are Blackboard Inc., CrossKnowledge, JZero Solutions Ltd, Litmos Limited, Oracle Corporation, Paradiso Solutions, Saba Software, Inc., SAP SE, SumTotal Systems, LLC, and TalentLMS. The report discusses the key strategies adopted by these companies along with the detailed analysis of the current trends, upcoming opportunities, and restraints with detailed information about their impacts.
Top Impacting Factors
Growth in Adoption of e-Learning Platform
Increase in demand for web-based learning platform among academics institutes including schools and universities are expected to favor market growth during the forecast period.
Surge in Demand for Bring Your Own Device (BYOD)
With surge in adoption of digital technology and increased preference of BYOD, enterprises are focused on implementing LMS over smart phones for integrated employees training.
Increase in Inclination Toward Cloud Deployment Model
The cloud-based deployment model does not involve capital cost and is low on maintenance requirements. Hence, it is most preferred by various enterprises including SMEs and large enterprises.
Lack of IT Infrastructure in The Underdeveloped Nations
Countries in Latin America, the Middle East, and Africa are not yet technologically advanced hubs with rich IT infrastructure and digital content, which in turn is expected to hinder the global market in the near future.
Growth in Internet of Things (IoT)
The learning management system (LMS) market is expected to witness market development in the coming years, due to increase in expenditure on IoT technology by several governments in regions such as North America, Europe, and Asia-Pacific.
- In-depth analysis of the global LMS market and its dynamics are provided to understand the market scenario.
- Quantitative analysis of the current trends and future estimations from 2017 to 2023 is provided to assist strategists and stakeholders to capitalize on the prevailing opportunities.
- Porter’s Five Forces analysis examines the competitive structure of the market, and provides a clear understanding of factors that influence the LMS market entry and expansion.
- A detailed analysis of the geographical segments enables the identification of profitable segments for key players in the LMS market.
- Comprehensive analysis of the trends, sub segments, and key revenue pockets is provided in the report.
Learning Management System (LMS) Market Key Segments:
By Deployment Model
By User Type
By Industry Vertical
- Government & education
- IT & telecom
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East