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Learning Management System Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast

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Global learning management system market is forecasted to value over USD 23 billion by 2026 end and expand at a CAGR of over 19% during the forecast period of 2019 to 2026.
Learning Management System Market Global Trends, Market Share, Industry Size,
Growth, Opportunities, and Market Forecast 2019 to 2026
Global learning management system market is forecasted to value over USD 23
billion by 2026 end and expand at a CAGR of over 19% during the forecast period of
2019 to 2026.
The e-learning industry is growing at an accelerating rate owing to its rapid adoption
in various industries which is the major driving factor of the market. Furthermore,
the rising emphasis on bring your own device (BYOD) policy and mobility of
enterprises are some other important factors that are responsible for the growth of
the market. Additionally, governments are undertaking extensive initiatives for the
growth of learning management systems (LMS) and its integration with artificial
intelligence and machine learning shall increase the demand for LMS thus boosting
the market growth further.
However, the lack of a skilled workforce who can operate and handle LMS can
impede the market growth. According to the report titled ‘The Future of Jobs 2018’,
the world economic forum (WEF) has mentioned that around 54% of the total
workforce across the world need to be up-skilled or re-skilled in digital and disruptive
technologies and this can decrease the market growth.
Distance Learning Segment to Dominate the Market
Institutions are offering distance learning programs to cater to every demography,
regardless of the location. The major factor that boosts the market growth is the
flexibility of learning that is offered by this method. As the number of students
enrolling for online courses is increasing, the demand for distance learning will also
increase thus assisting the market growth. Additionally, students prefer the method
of distance learning for their education as it helps them to set their pace of study and
most importantly, it is cost-effective, considering it saves commute and other
expenditures significantly.
North America is Projected to Witness Significant Market Growth
Major LMS platform providers like iSpring and Docebo are present in North America
which is the driving factor for the growth of the market. Furthermore, Samsung’s
North America regional head office collaborated with Discovery Education to offer
fourth and fifth-grade girls with an extra-curricular program ‘Empower Tomorrow’
for pursuing STEM education. The program offers an extensive range of electronic
training and hands-on computer programming activities that will encourage girls to
develop an interest in coding, science, technology and engineering. These factors are
the reason North America leads the market.
Key Market Players:
• Blackboard
•
•
•
•
•
•
•
D2L Corp.
iSpring Solutions Inc.
SAP SE
Schoology
IBM Corp.
Pearson PLC
McGraw-Hill
D2L introduced the latest Brightspace learning platform version ‘Indigo’ in May 2019.
This empowers the employees to control their pace of learning in this competitive
global economy.
In March 2019, Blackboard announced that their Blackboard Collaborate is been
implemented by the University of Ferrara (Unife), who are providing around 13
virtual classrooms every day for 70 hours of online lessons in total.
In February 2019, McGraw-Hill launched its second-generation device SmartBook 2.0
to enhance its McGraw-Hill Connect learning platform. SmartBook 2.0 creates a
personalised learning experience by continuously adapting to individual student
needs. This helps students to strengthen their fundamentals and come prepared to
class and achieve good grades and knowledge simultaneously.
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Global Learning Management System Market Segmentation:
1. By Component
• Solution
• Services
2.
•
•
•
By Delivery Mode
Distance Learning
Blended Learning
Instructor-led Learning
3. By Deployment Type
• On-Premises
• Cloud
4.
•
o
o
o
o
By User Type
Corporate
Healthcare
Telecom
Manufacturing
Government and Defense
o Software and Technology
o Banking, Financial Services and Insurance (BFSI)
o Others
• Academic
5.
•
•
•
•
•
By Region
North America
Europe
Asia Pacific
Latin America
Rest of the World
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Competitive Landscape:
• Tier 1 players- established companies in the market with a major market share
• Tier 2 players
• Emerging players which are growing rapidly
• New Entrants
FutureWise Key Takeaways:
• With the corporate sector integrating LMS in their training sessions, this opens
more opportunities for the market to thrive
• A vast number of academic institutions are rapidly adopting LMS method to
expand their market presence and gain more student enrolments shall augment the
market further
Objectives of the Study:
• To provide with an exhaustive analysis on the learning management system
market by component, by delivery mode, by deployment type, by user type and by
region
• To cater comprehensive information on factors impacting market growth (drivers,
restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions (along with countries)— North America,
Europe, Asia Pacific, Latin America and rest of the world
• To record evaluate and competitive landscape mapping- product launches,
technological advancements, mergers and expansions
• Profiling of companies to evaluate their market shares, strategies, financials and
core competencies
Inquire further details about this report at: [email protected]
About FutureWise Research:
We specialise in high-growth niche markets, assuring flexibility, agility and
customised solutions for our clients. Through in-depth market insights and
consultancy, we present our clients with the tools they need to be at the forefront of
their industry – a position secured for far more than the near future.
Contact Us:
Company Name: FutureWise Research
Contact Person: Vinay Thaploo
Email: [email protected]
Phone: +44 141 628 9353 / +1 970 279 4295
City: Leeds
Country: United Kingdom
Website: www.futurewiseresearch.com
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