BANGALORE, India, April 14, 2020 /PRNewswire/ -- The global learning management system (LMS) market is expected to increase from USD 9.464 billion in 2019 to USD 29.901 billion by 2025, at a CAGR of 21.13 percent.
Organizations use LMS to streamline processes, methodologies, tools, and systems to improve learning, productivity and ROI. Due to the growing benefits and hassle-free training provided by LMS, there is growing adoption among various sectors such as healthcare, education, manufacturing, retail, and many other industries.
TRENDS INFLUENCING THE LEARNING MANAGEMENT SYSTEM MARKET (LMS) SIZE:
Advanced eLearning innovations such as 3D images of internal organs and live engagement with experts have improved the medical and clinical eLearning performance. In addition, LMS is used in retail for sales development skills training, product promotion, product training, leadership skills, assertiveness, recruitment & communication, and customer experience & care. This wide adoption is expected to increase the market size.
The growing acceptance of digital learning, growing tendency towards BYOD regulation, and business versatility thus increased the importance of LMS in both the corporate and academic world. With the growth in the adoption of digital technologies and BYOD increased choice, businesses are focusing on adopting LMS over mobile phones for streamlined training of employees. This, in turn, is expected to drive the LMS market size.
REGION WISE LEARNING MANAGEMENT SYSTEM MARKET (LMS) SHARE ANALYSIS
North America is expected to hold the largest LMS market share during the forecast period. Organizations in the North American region are now turning to mLearning for better results and convenience. Both corporate users and academic institutes use LMS, and most vendors provide user-centric product creations. North America has shown the rapid adoption of new learning pedagogies, and this has further increased the region's LMS market share.
As countries such as China, India, Japan, and Australia offer lucrative opportunities for market players, the Asia-Pacific LMS market is expected to register the highest CAGR during the forecast period. International vendors spend high capital in the industry to boost the overall portfolio of LMS products to ensure low-cost and customized training modules and products for employees.
"SkyPrep, Inc. the potential growing player for the Global Learning Management System Market"
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The Asia-Pacific learning management systems (LMS) market size is expected to generate USD 2.884 million by 2022, growing by 34.2 percent at a CAGR.
Many factors, constraints, and opportunities affect the LMS market in the Asia-Pacific region. Growth in e-learning adoption and the "on-the-go learning habits" are driving the LMS industry. Furthermore, economic development in developed countries and the enhancement of educational facilities are anticipated to generate growth opportunities.
However, the lack of e-learning infrastructure and cultural barriers are hampering market development. Because of inadequate funds and lack of qualified workers, numerous educational institutions in emerging economies have struggled to implement such technologies.
The corporate LMS market is on the rise due to the widespread adoption of these advanced learning solutions by many businesses. Compared to traditional learning systems, significant cost savings and demonstrated outcomes based on improved employee productivity and performance are some of the key factors promoting the adoption of LMS in the corporate sector.
This report focuses on the status, future outlook, growth potential, key market and key players of the global corporate Learning Management System(LMS). The objective of this study is to present the growth of the Corporate Learning Management System(LMS) in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
● K-12 Education Learning Management Systems Market
K-12 Education Learning Management Systems (LMS) are the cornerstone of the ecosystem of teaching and learning technology, offering access to a range of resources and services inside and outside the LMS.
In K-12, a variety of vendors merged SIS (Student Information System) and LMS into one common commodity. The LMS is used by instructors to provide access to learning resources and other content, tools to develop and track assignments and evaluations, and some reporting and analytics capabilities.
This report focuses on the status, future outlook, growth potential, key market and key players of the K-12 Education Learning Management Systems Market.
● Higher Education Learning Management Systems Market
This report studies the market size of the Higher Education Learning Management Systems by participants, countries, product types and end industries, historical data 2014-2018 and forecast data 2019-2025. Furthermore, this study also analyses the global competitive environment, market drivers and patterns, opportunities and threats, risks and barriers to entry, distribution channels, distributors and Porter's Five Forces Analysis.
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