Global Learning Management System (LMS) Market Report, published by Variant Market Research, forecast that the global market is expected to reach $23.1 billion by 2025 from $5.5 billion in 2017; growing at a CAGR of 19.8% from 2017 to 2025. By geography, Asia-Pacific, and Europe are expected to grow at a CAGR of 22.3% and 20.0%, respectively, during the forecast period. Learning Management Systems (LMS) are widely used software applications intended to develop, manage, as well as track the report of training programs, and educational courses. Its end user includes academic users as well as corporate users.
Learning Management System (LMS) Market (By Deployment: SaaS and On-Premise Deployment Model; By End User: Academic Users, and Corporate Users;By Geography: North America, Europe, Asia-Pacific and RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2016 – 2025
High adoption of digital learningto drive the growth of the global market
The factors supporting growth of the global learning management system (LMS) market are high adoption of digital learning, bring your own device policies, and improved association between learners & trainers. However, absence of LMS integration with user’s system & compliance norms may act as a restraint for the growth of the market. Moreover, growing cloud acceptance among organizations would provide several growth opportunities for the market in the future years.
Deployment, end user, and geography are the segments considered in the global learning management system (LMS) market. By deployment, the market is bifurcated into SaaS and on-premise deployment model. By end user, the market is categorized into academic users, and corporate users. By geography, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW). North America covers the U.S., Canada, and Mexico. UK, Russia, Germany, France, Italy, and Rest of Europe are analyzed under the European market. India, China, Japan, South Korea, and Rest of Asia-Pacific are included under the Asia-Pacific Market While RoW is bifurcated into South America, Middle East, and Africa.
SaaSaccounted for the largest market share in thedeployment segment
SaaS accounted for the largest market share in 2017, in the deployment segment, and are expected to continue its dominance during the forecast period 2017 – 2025. The growth is attributed to access portability as well as low installation cost.
Academic users accounted for the largest market share in theend usersegment
Academic users accounted for the largest market share in 2017, in the end user segment, and are expected to continue its dominance during the forecast period 2017 – 2025. Constant advancements in LMS have made educational institutes to reconsider their teaching processes and consider exchanging legacy systems with advanced LMS. Moreover, LMS offer a modern and advanced user interface to the learners in the learning process, and with the incorporation of cloud technologies, it provides a decrease in deployment costs. These factors are driving the growth of this segment.
North America dominated the global market with highest market share over the forecast period
North Americadominated the global market with largest market share of 47.0% in 2017 and expected to continue its dominance during the forecasted period. The growth is attributed to advanced internet infrastructure as well as high acceptance of technology.
The major players operating in the market are SAP SE, Blackboard Inc., Educomp Solutions Ltd., Cornerstone OnDemand Inc., D2L Corporation, Oracle Corporation, Moodle, SumTotal Systems, Inc., IBM Corporation, and Pearson, among others.