What is Online Learning Management System Market?
A Learning Management System is a cloud-based software package that facilitates enterprises and educational institutions to deliver learning content and resources to their employees or students. A learning management system is often web-and cloud-based to facilitate access to e-learning courses and relevant education 24/7. A learning management system is considered to be the missing channel between current education developments and effective uses of technology. Usually, E-learning Management Systems inspire instructors to guide and manage employee achievement more effectively by contextualizing the learning understanding itself in a consistent and creative way.
Highlights from Online Learning Management System Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | OnDemand (United States), Blackboard (United States), Saba Software (Canada), D2L Corporation (Canada), Adobe Systems (United States), CrossKnowledge (United States), Oracle (United States), SAP SE (Germany), Docebo (Canada), Schoology (United States), IBM (United States) and Epignosis (United States) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Online Learning Management System market throughout the forecasted period.
OnDemand (United States), Blackboard (United States), Saba Software (Canada), D2L Corporation (Canada), Adobe Systems (United States), CrossKnowledge (United States), Oracle (United States), SAP SE (Germany), Docebo (Canada), Schoology (United States), IBM (United States) and Epignosis (United States) are some of the key players profiled in the study. Online Learning Management System Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Academic and Corporate |
Type | Distance Learning, Instructor-Led Training and Blended Learning |
Components | Solution,Services |
Deployment Mode | On-Premises,Cloud-Based |
On the basis of geography, the market of Online Learning Management System has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Implication of E-learning in Corporate and Academic Setups
Market Growth Drivers:
Growing Adoption of Digital Learning, Initiative taken by the government for using the Learning Management System and Increasing Use of AI and Ml in LMS
Challenges:
Absence of Technical Support Post Implementation of LMS
Restraints:
The dearth of Skilled Trainers and Instructors
Opportunities:
Rising Demand for Gamification in LMS to Provide Opportunities for LMS Vendors and Increasing Cloud Adoption Among Organizations and Institutes to Motivate Learners to Adopt Web-Based LMS Solutions
Key Target Audience
Online Learning Providers, Government Regulatory Bodies, Private Research Organizations, Government research Organizations and Others
Market Leaders & Development Strategies
In April 2021, K16 Solutions, EdTech's industry leader in LMS course migration, course design, and course archiving, announced a significant partnership agreement with another LMS company, D2L. This partnership enables K16 Solutions and D2L to provide state-of-the-art migration and archiving solutions for institutions transitioning to D2L's Brightspace learning management platform.