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Learning Management System Market to Surpass US$ 63.27 Billion by 2030 - Coherent Market Insights

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Coherent Market Insights

Nov 10, 2023, 14:30 ET

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BURLINGAME, Calif., Nov. 10, 2023 /PRNewswire/ -- According to Coherent Market Insights, Global Learning Management System Market size was valued at US$ 15.88 Billion in 2022 and is expected to surpass US$ 63.27 Billion by 2030 and is anticipated to witness a compound annual growth rate (CAGR) of 18.9% from 2023 to 2030. The significant driver behind the growth of the global learning management systems market is the increasing adoption of gamification and virtual reality technology across various industries. Furthermore, the widespread embrace of the bring your own device (BYOD) culture in numerous major sectors has played a pivotal role in propelling the global learning management system market forward. The adoption of the BYOD culture among corporate management has surged due to its manifold advantages, including heightened innovation and productivity, enhanced employee satisfaction and retention, as well as cost savings. Consequently, the expansion of the BYOD culture has greatly contributed to the prosperity of the global learning management systems market.

Key Trends and Analysis of the Global Learning Management System Market:

Growing trend of bring your own device (BYOD) is expected to positively shape the learning management systems market growth. According to the Forbes, the BYOD market is on course to hit almost $367 billion by 2022, up from just $30 billion in 2014. Moreover, growing demand for online interactive sessions is again expected to foster the market growth. The global Learning Management System (LMS) market is experiencing a transformative shift driven by using numerous key trends and analyses. Firstly, the adoption of cloud-based Learning Management System (LMS) solutions maintains to upward push, supplying scalability, flexibility, and fee-performance to corporations of all sizes. Secondly, the pandemic-caused shift in the path of far flung and hybrid getting to know fashions has improved the decision for for LMS structures, major to innovations in personalised mastering, AI-driven content material recommendations, and robust analytics.

Request Sample Copy of this Report @ https://www.coherentmarketinsights.com/insight/request-sample/594 

Key Market Takeaways:

Global learning management system market is expected to surpass US$ 63.27 Billion by 2030 and is anticipated to witness a CAGR of 18.9% during the forecast period 2023-2030, owing to the growing demand for online learning, increasing trend of bring your own device (BYOD), and penetration of AI and big data analytics.

On the basis of Deployment Model, On-Premises segment is expected to hold a dominant position, owing to the fact that they have their own features customization, complete control, better integration, and more prolonged deployment.

On the basis of Application, content management segment is expected to hold a dominant position, owing to the high usage of LMS technology for content management.

On the basis of Delivery mode, Distance Learning segment is expected to hold a dominant position, owing to the growing demand for online learning.

On the basis of User Type, Academic segment is expected to hold a dominant position, owing to the increasing use of LMS for improving learning techniques.

On the basis of Vertical, Healthcare segment is expected to hold a dominant position, owing to the growing use of LMS for training medical professionals.

On the basis of region, North America  is expected to hold a dominant position over the forecast period, due to the growing Ed-tech activities in the region. Moreover, growing demand for effective and high-quality education is again expected to propel regional market growth.

Key players operating in the global Learning Management System market include Cornerstone Ondemand Inc., Xerox Corporation, IBM Corporation, Netdimensions Ltd., SAP SE, Blackboard, Inc., SABA Software, Inc., Mcgraw-Hill Companies, Pearson PLC, and D2L Corporation etc.

Global Learning Management System Market Key Developments

  • In January 2022, Docebo acquired Skillslive, an educational consulting agency that offers companies professional services combined with some latest learning technologies.
  • In January 2023, the Steel Erectors Association of America announced the launch of the SteelPros Training Portal, its new learning management system, solely for its members. Built on Industrial Training International's (ITI's) learning hub platform and developed in collaboration with ITI, SEAA members can easily access custom content for ironworkers and other related training materials.

Read complete market research report, "Learning Management System Market, By Deployment Model, By Application, By Delivery mode By User Type By Vertical By Region and Segment Forecast 2023 - 2030", Published by Coherent Market Insights.

Global Learning Management System Market Segmentation:

  • By Deployment Model:
    • Cloud
    • On-Premises
  • By Application:
    • Content Management
    • Performance Management
    • Communication and Collaboration
    • Administration
    • Learner Management
    • Others
  • By Delivery Mode:
    • Distance Learning
    • Instructor-Led Training
    • Others
  • By User Type:
    • Academic
    • Corporate
  • By Vertical:
    • Healthcare
    • Retail
    • Government
    • Banking, Financial Services, and Insurance
    • Manufacturing
    • IT and Telecom
    • Consulting
    • Others
  • By Region:
    • North America
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Country:
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      •  By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East & Africa
      • By Country:
        • GCC Countries
        • Israel
        • South Africa
        • Rest of Middle East & Africa

Buy this Premium Research Report @ https://www.coherentmarketinsights.com/insight/buy-now/594

Find more related trending reports below:

On-demand Learning Management System Market, by Deployment Model (Public and Private Cloud), by Delivery Mode (Distance learning, Instructor-led Training), by User Type (Academic and Corporate), by End User (Banking, Financial Services, and Insurance, Healthcare, Retail, Government, Manufacturing, IT and Telecom, Consulting, and Others), and by Geography - Global Trends, and Forecast to 2025

Machine Learning as a Service (MLaaS) Market, By Deployment (Public Cloud, Private Cloud/Virtual Private Cloud) By End-use Application (Manufacturing, Retail, Healthcare & Life Sciences, Telecom, Banking, Financial services and Insurance (BFSI), Others (Energy & Utilities, Government, Education, etc.), By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 – 2030

Cloud Based Language Learning Market, By Training Type, By Languages, By Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 – 2030

Machine Learning Market, by Application (Banking, Financial services, and Insurance, Education, Energy, Healthcare & Pharmaceuticals, Manufacturing, Public services, Retail, and Transport & Logistics) and by Deployment Model (On-premises and Cloud-based) - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2022-2028

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

Contact Us:

Mr. Shah
Senior Client Partner – Business Development
Coherent Market Insights
Phone:
US: +1-206-701-6702
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Japan: +81-050-5539-1737
India: +91-848-285-0837
Email: [email protected] 
Website: https://www.coherentmarketinsights.com
Follow Us: LinkedIn | Twitter

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SOURCE Coherent Market Insights

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