DUBLIN, August 31, 2016 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Learning Management System Market 2016-2020" report to their offering.
The global learning management system (LMS) market to grow at a CAGR of 23.73% during the period 2016-2020.
The report covers the present scenario and the growth prospects of the global learning management system (LMS) market for 2016-2020. To calculate the market size, the report considers the revenue generated from the end-user segments. The report also includes a discussion of the key vendors operating in this market.
The substantial cost benefits and increased employee efficiency and productivity have prompted leading companies worldwide to replace traditional forms of learning with LMS. Additionally, organizations operating global-scale businesses prefer LMS, as it enables them to train employees irrespective of their geographical location.
According to the report, emphasis on continuous learning will be a key driver for market growth. The emphasis on continuous learning is more prominent in the corporate sector. In the past, companies conducted training and development programs in a physical environment for their employees using traditional methods. With the advent of online learning, the scenario has changed. In an attempt to enhance skills, companies promote continuous learning, which is supported to a great extent by LMS.
Further, the report states that safety and security of user data will be a challenge for the market. The LMS collects, stores, and processes large amounts of data from various online activities of users. The data is related to every aspect of a student's learning process such as personal details and course grades. Since the data collected is very sensitive, data ownership, sharing, and security are of high importance. This has prompted vendors to incorporate proper authorization techniques to ensure that the privacy as well as the security of the information remains intact. Users require assurances of proper security measures to avoid privacy breaches or data theft.
- Cornerstone OnDemand
Other prominent vendors
- City & Guilds
- Haiku Learning
- N2N Services
- Saba Software
- Tata Interactive Systems
For more information about this report visit http://www.researchandmarkets.com/research/8hct3s/global_learning
Related Topics: Software
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SOURCE Research and Markets