The global LMS market size is expected to grow from USD 13.4 billion in 2020 to USD 25.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 14.0% during the forecast period.
The major growth drivers for the market are increasing the adoption of digital learning, growing inclination towards, Bring Your Own Device (BYOD) policy and enterprise mobility, extensive government initiatives for the growth of LMS, growing usage of Artificial Intelligence (AI) and Machine Learning (ML) in LMS is increasing the significance of eLearning in corporate and academic setups. However, low motivation and engagement by organizations may restrain market growth.
Cloud deployment type segment is estimated to constitute the largest market size during the forecast period
In the cloud-deployed LMS, services are hosted over the internet connection, and users can log into the service provider's site. Teachers or trainers can upload course content, create new courses, and interact with learners via their internet browsers to refrain from the installation of the required management software. Instructional designers can store any information on the cloud, and this can be remotely accessed by approved users in any location. This deployment mode is preferred for its features like better and enhanced security; lower setup costs; easy accessibility; quicker deployment; highly scalable; customizable; more storage space; ease of maintenance; automatic upgrade of course materials; and automatic licensing done by vendors.
In this form, the learning is delivered to the learner, anywhere and anytime via the browser. The adoption of cloud deployment type for LMS in the training and development structure is growing rapidly. Most of the vendors are switching from on-premises deployment mode to cloud-based solution. Cloud-based LMS providers are actively delivering continual innovation with security in priority. Some of the LMS cloud providers include SumTotal Systems, Docebo, SAP, Epignosis, ScholarLMS, and Expertus. The global market for cloud-based LMS solutions is expected to rise at a substantially high rate in the next 5 years.
Corporate user type segment is expected to grow at the highest CAGR during the forecast period
As businesses have become more competitive after the second wave of globalization, the importance of human resources has increased significantly over time and employee training and development has become a new norm. In various corporate organizations, industrial methods used for training and development are different. For instance, the success of a software and technology company largely depends upon the skill/ability of the employees in the organization. Skill and knowledge required in the software and technology companies change at a faster pace compared to other industries. Research and development also play a key role in software and technology companies. To keep improving the skills of the employees, LMS in the software and technology companies is of key importance.
Medical practitioners need to update their knowledge and skills to provide the latest treatment to the customers/patients. Keeping employees updated with new medical devices and pharmaceutical products is another key aspect of the training and development module in the healthcare sector. Advanced eLearning technologies like 3D images of internal organs and live interaction with experts have increased the effectiveness of the eLearning in the medical sector. The key skills training required in the retail industry is sales development, product training, leadership skills, product promotion, assertiveness, customer experience and care, retail recruitment, and communication. LMS in the retail industry usually focuses on areas, such as onboarding, compliance, sales skills, and product knowledge
APAC is estimated to grow at the highest CAGR during the forecast period
APAC is one of the major regions for software providers, as it covers a large terrestrial area and the education industry across the region is expected to flourish. It continues to experience rapid growth in all areas of technology. The LMS adoption has openly been implemented in this region and rapid growth in population and increasing economic development makes this region the fastest-growing market, internationally. Some countries in this region are among the most technologically developed, while others are weak in terms of adopting the latest technology.
The APAC region demonstrates a combination of high growth, emerging economies, and the mass adoption of mobile and internet technology. Many learning solution vendors are expanding their reach and exploring opportunities in the APAC region by offering personalized learning environment and catering to the fluctuating demands of the market. Vendors are offering a wide range of flexible solutions for social learning, mobile learning, and adaptive learning to provide a continuous learning environment.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in the Learning Management System Market 4.2 Learning Management System Market in North America, by User Type and Country 5 Market Overview and Industry Trends 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 188.8.131.52 Increasing Adoption of Digital Learning 184.108.40.206 Growing Inclination Toward BYOD Policy and Enterprise Mobility 220.127.116.11 Extensive Government Initiatives for Growth of LMS 18.104.22.168 Growing Use of AI and Ml in LMS 22.214.171.124 Increasing Significance of Elearning in Corporate and Academic Setups 5.2.2 Restraints 126.96.36.199 Low Motivation and Engagement to Adopt LMS Solutions 5.2.3 Opportunities 188.8.131.52 Increase in Demand for Gamification in LMS to Provide Opportunities for LMS Vendors 184.108.40.206 Rise in Cloud Adoption Among Organizations and Institutes to Motivate Learners to Adopt Web-Based LMS Solutions 220.127.116.11 Rapid Demand for Collaborative Learning in LMS to Provide Opportunities for Trainees 5.2.4 Challenges 18.104.22.168 Lack of Technical Support Post Implementation of LMS 22.214.171.124 Lack of Skilled Trainers and Instructors 5.3 Learning Management System Architecture 5.4 Industry Standards and Regulations 5.4.1 Aviation Industry Computer-Based Training Committee 5.4.2 Learning Tools Interoperability 5.4.3 Shareable Content Object Reference Model 5.4.4 Australian Education Act 5.4.5 Education Services for Overseas Students Act 5.4.6 Common Cartridge 5.4.7 Experience Application Programming Interface 5.5 Use Cases 5.5.1 Use Case 1: Cornerstone 5.5.2 Use Case 2: Blackboard 5.5.3 Use Case 3: Instrucutre Inc 5.5.4 Use Case 4: Disprz 5.6 Analysis of Covid-19 Impact on LMS Market Dynamics 5.6.1 Drivers and Opportunities 5.6.2 Restraints and Challenges 5.6.3 Cumulative Growth Analysis
6 Learning Management System Market, by Component 6.1 Introduction 6.1.1 Component: Learning Management System Market Drivers 6.1.2 Impact of Covid-19 on Learning Management System Market 6.2 Solution 6.2.1 Continuous Innovation in Elearning Tools 6.3 Services 6.3.1 Consulting Services 126.96.36.199 Rising Pressure on Organizations to Stay Competitive in their Respective Markets 6.3.2 Implementation Services 188.8.131.52 Need to Enable Enterprises to Customize, Implement, and Configure LMS to Match their Business Needs 6.3.3 Support Services 184.108.40.206 Overall Preference for Support Services to Increase
7 Learning Management System Market, by Delivery Mode 7.1 Introduction 7.1.1 Delivery Mode: Learning Management System Market Drivers 7.1.2 Impact of Covid-19 on Learning Management System Market 7.2 Distance Learning 7.2.1 Teachers or Instructors to Reach a Large Number of Students Using Distance Learning and Advanced Communication Media 7.3 Instructor-Led Training 7.3.1 Various Aspects of Instructor-Led Training in Organizations to Be Simplified Using Learning Management System 7.4 Blended Learning 7.4.1 Increased Need to Adopt Blended Learning 8 Learning Management System Market, by Deployment Type 8.1 Introduction 8.1.1 Deployment Type: Learning Management System Market Drivers 8.1.2 Impact of Covid-19 on Learning Management System Market 8.2 Cloud 8.2.1 Increasing Adoption of Cloud-Based Solutions 8.3 On-Premises 8.3.1 Higher Demand for Security
9 Learning Management System Market, by User Type 9.1 Introduction 9.1.1 User Type: Learning Management System Market Drivers 9.1.2 Impact of Covid-19 on Learning Management System Market 9.2 Academic 9.2.1 K-12 220.127.116.11 Increasing Awareness About K-12 9.2.2 Higher Education 18.104.22.168 Need to Simplify the Learning Process in Higher Education 9.3 Corporate 9.3.1 Software and Technology 22.214.171.124 Need to Continuously Improve Employees' Skillsets 9.3.2 Healthcare 126.96.36.199 Need to Keep Healthcare Staff Updated on the Latest Treatments Available and the Upgraded Pharma Products 9.3.3 Retail 188.8.131.52 Increasing Need to Bring Coordination Among Employees Working in Retail Stores 9.3.4 Banking, Financial Services, and Insurance 184.108.40.206 Need to Reduce the Cost of Compliance Management and Keep Employees Updated About New Technologies 9.3.5 Manufacturing 220.127.116.11 Need to Fulfil the Increasing Demand for Skilled Technicians 9.3.6 Government and Defense 18.104.22.168 Need to Provide Training for Employees 9.3.7 Telecom 22.214.171.124 Need to Enhance the Response of the Telecom Staff 9.3.8 Others
10 Learning Management System Market, by Region 10.1 Introduction 10.2 North America 10.3 Europe 10.4 Asia Pacific 10.5 Middle East and Africa 10.6 Latin America 11 Competitive Landscape 11.1 Competitive Leadership Mapping 11.1.1 Visionary Leaders 11.1.2 Innovators 11.1.3 Dynamic Differentiators 11.1.4 Emerging Companies 11.2 Competitive Leadership Mapping (Startups/SMEs) 11.2.1 Progressive Companies 11.2.2 Starting Blocks 11.2.3 Responsive Companies 11.2.4 Dynamic Companies 11.3 Key Developments 11.4 Competitive Scenario 11.4.1 Partnerships 11.4.2 New Product/Service Launches and Product Enhancements 11.4.3 Acquisitions 11.4.4 Business Expansions
12 Company Profiles 12.1 Introduction 12.2 Cornerstone On-demand 12.3 Blackboard 12.4 D2L 12.5 Adobe Systems 12.6 Crossknowledge 12.7 Oracle 12.8 SAP 12.9 Docebo 12.10 Powerschool 12.11 IBM 12.12 Epignosis 12.13 Pearson 12.14 Mcgraw-Hill 12.15 Sumtotal Systems 12.16 Absorb Software 12.17 Ispring Solutions 12.18 G-Cube 12.19 Lattitude Cg 12.20 Upside LMS 12.21 Paradiso 12.22 Skyprep 12.23 Knowledge Anywhere 12.24 Cypher Learning 12.25 Expertus 12.26 Growth Engineering 12.27 Learnupon 12.28 360 Learning 12.29 Mindscroll LMS 12.30 Looop 12.31 Thought Industries 12.32 Learning Pool 12.33 Zeus Learning 12.34 IMC Ag 12.35 Swissteach Ag 12.36 WBT Systems 12.37 Accord LMS 12.38 Infor