Learning Management System Market Scope
Learning management system basically a software application for the administration, documentation, tracking, reporting, and delivery of educational courses, training programs, and many others. The learning management system highly emerges from e-Learning.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Cornerstone Ondemand, Inc. (United States), Xerox Corporation (United States), IBM Corporation (United States), Net dimensions Ltd. (United States), SAP Se (Germany), Blackboard, Inc. (United States), Saba Software, Inc. (United States), Mcgraw-Hill Companies (United States), Pearson Plc (United Kingdom) and D2L Corporation (Canada) |
CAGR | % |
Learning management system market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products and solutions to improve quality, enhances and promotes performance, The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Learning Management System market throughout the predicted period.
Cornerstone Ondemand, Inc. (United States), Xerox Corporation (United States), IBM Corporation (United States), Net dimensions Ltd. (United States), SAP Se (Germany), Blackboard, Inc. (United States), Saba Software, Inc. (United States), Mcgraw-Hill Companies (United States), Pearson Plc (United Kingdom) and D2L Corporation (Canada) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Upside LMS (India), Paradiso (India) and Skyprep Inc. (Canada).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Learning Management System market by Type , by Application (Banking, Financial Services, and Insurance, Healthcare, Retail, Government, Manufacturing and Others) and Region with country level break-up.
On the basis of geography, the market of 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).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In May 2019, Absorb Software announced the acquisition of the Torch LMS. Through this acquisition, the company is highly focusing on its organic growth and revealed they will be doing many more strategic investments. The company is trying to cater to the growing demand for best-class learning technology.
In May 2019, Skooler revealed the partnership, through which they can sell their platform known, Aros Cloud in Denmark. It is a solution which is a cloud-based solution utilized across various industry verticals. This company is highly focused on becoming more competitive in the education market.
Influencing Trend:
Increasing Competition Among Market Players and High Adoption of Cloud-Based Solutions
Market Growth Drivers:
Growing Awareness Towards the Adoption of Digital Learning, Rapid Inclination to BYOD Policy and Enterprise Mobility, Widespread of Government Initiatives for Growth Of LMS and Growing Implication Of E-Learning in Corporates
Challenges:
Scarcity of Technical Support Post Implementation Of LMS and Lack of Skilled Professionals
Restraints:
Lack of Awareness to Adopt LMS Solutions
Opportunities:
Growing Demand for Gamification in LMS Delivers Strong Opportunities for LMS Providers and High Surge in Demand for Collaborative Learning in LMS to Provide High Potentials for Trainees
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analyst and Strategic Business Planners, Learning Management System Providers, Government Regulatory and Research Organizations and End-Use Industries