Dublin, Jan. 15, 2019 (GLOBE NEWSWIRE) -- The "LMS Market by Component (Solution and Services), Delivery Mode (Distance Learning, Instructor-Led Training and Blended Learning), Deployment Type, User Type (Academic and Corporate), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The global LMS market size is expected to grow from USD 9.2 billion in 2018 to USD 22.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 19.6% during the forecast period during the forecast period.
The major growth drivers for the market are increasing the adoption of digital learning, growing inclination towards, Bring Your Own Device (BYOD) policy and enterprise mobility, extensive government initiatives for the growth of LMS, growing usage of Artificial Intelligence (AI) and Machine Learning (ML) in LMS is increasing the significance of eLearning in corporate and academic setups. However, low motivation and engagement by organizations may restrain the market growth. "Cloud deployment type segment to hold the largest market size during the forecast period" The adoption of cloud deployment type for LMS in the training and development structure is growing rapidly. Most of the vendors are switching from on-premises deployment mode to cloud-based solution. Cloud-based LMS providers are actively delivering continual innovation with security in priority. Some of the LMS cloud providers include SumTotal Systems, Docebo, SAP, Epignosis, ScholarLMS, and Expertus.. The global market for the cloud-based LMS solutions is expected to rise at a substantially high rate in the next 5 years. "The academic user type is expected to hold the largest market size during the forecast period" Based on the user type, the academic sector is expected to hold the largest market size in the LMS market during the forecast period. The academics segment includes all the standard education courses covering education from UKG to higher education. Use of a learning management system is used in academics to improve the efficiency of the learning process, nowadays many universities are also using the learning management system to improve their academic performance. "APAC is estimated to grow at the highest CAGR during the forecast period" APAC is one of the major regions for software providers, as it covers a large terrestrial area and the education industry across the region is expected to flourish. It continues to experience rapid growth in all areas of technology. The LMS adoption has openly been implemented in this region and rapid growth in population and increasing economic development makes this region the fastest-growing market, internationally. Some countries in this region are among the most technologically developed, while others are weak in terms of adopting the latest technology.
The APAC region demonstrates a combination of high growth, emerging economies, and the mass adoption of mobile and internet technology. Some prominent vendors in the APAC LMS market are Pearson PLC, Blackboard INC., D2L Corporation, Cornerstone OnDemand, SumTotal Systems, and Educomp.
Key Topics Covered:
1 Introduction 1.1 Objectives of the Study 1.2 Market Definition 1.3 Market Scope 1.4 Years Considered for the Study 1.5 Stakeholders 2 Research Methodology 2.1 Research Data 2.2 Market Size Estimation 2.3 Market Forecast 2.4 Assumptions for the Study 2.5 Limitations of the Study 3 Executive Summary 4 Premium Insights 4.1 Attractive Market Opportunities in the LMS Market 4.2 Learning Management System Market in North America, By User Type and Country 4.3 Market Investment Scenario 5 Market Overview and Industry Trends 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Increasing Adoption of Digital Learning 5.2.1.2 Growing Inclination Toward Byod Policy and Enterprise Mobility 5.2.1.3 Extensive Government Initiatives for Growth of LMS 5.2.1.4 Growing Use of AI and Ml in LMS 5.2.1.5 Increasing Significance of Elearning in Corporate and Academic Setups 5.2.2 Restraints 5.2.2.1 Low Motivation and Engagement to Adopt LMS Solutions 5.2.3 Opportunities 5.2.3.1 Increase in Demand for Gamification in LMS to Provide Opportunities for LMS Vendors 5.2.3.2 Rise in Cloud Adoption Among Organizations and Institutes to Motivate Learners to Adopt Web-Based LMS Solutions 5.2.3.3 Rapid Demand for Collaborative Learning in LMS to Provide Opportunities for Trainees 5.2.4 Challenges 5.2.4.1 Lack of Technical Support Post Implementation of LMS 5.2.4.2 Lack of Skilled Trainers and Instructors 5.3 Learning Management System Architecture 5.4 Industry Standards and Regulations 5.4.1 Aviation Industry Computer-Based Training Committee 5.4.2 Learning Tools Interoperability 5.4.3 Shareable Content Object Reference Model 5.4.4 Australian Education Act 5.4.5 Education Services for Overseas Students Act 5.4.6 Common Cartridge 5.4.7 Experience API 5.5 Use Cases 5.5.1 Use Case 1: Cornerstone 5.5.2 Use Case 2: Blackboard 5.5.3 Use Case 3: Instrucutre Inc 5.5.4 Use Case 4: Disprz 6 LMS Market By Component 6.1 Introduction 6.2 Solution 6.2.1 Continuous Innovation in Elearning Tools 6.3 Services 6.3.1 Consulting Services 6.3.1.1 Rising Pressure on Organizations to Stay Competitive in Their Respective Markets 6.3.2 Implementation Services 6.3.2.1 The Need to Enable Enterprises to Customize, Implement, and Configure LMS to Match Their Business Needs 6.3.3 Support Services 6.3.3.1 Overall Preference for Support Services to Increase 7 LMS Market By Delivery Mode 7.1 Introduction 7.2 Distance Learning 7.2.1 Teachers Or Instructors to Reach A Large Number of Students Using Distance Learning and Advanced Communication Media 7.3 Instructor-Led Training 7.3.1 Various Aspects of Instructor-Led Training in Organizations Can Be Simplified Using LMS 7.4 Blended Learning 7.4.1 Increased Need to Adopt Blended Learning 8 LMS Market By Deployment Type 8.1 Introduction 8.2 Cloud 8.2.1 Increasing Adoption of Cloud-Based Solutions 8.3 On-Premises 8.3.1 Higher Demand for Security 9 LMS Market By User Type 9.1 Introduction 9.2 Academic 9.2.1 K-12 9.2.1.1 Increasing Awareness About K-12 9.2.2 Higher Education 9.2.2.1 Need to Simplify the Learning Process in Higher Education 9.3 Corporate 9.3.1 Software and Technology 9.3.1.1 Need to Continuously Improve Employees' Skillsets 9.3.2 Healthcare 9.3.2.1 Need to Keep Healthcare Staff Updated on the Latest Treatments Available and the Upgraded Pharma Products 9.3.3 Retail 9.3.3.1 Increasing Need to Bring Coordination Among Employees Working in Retail Stores 9.3.4 Banking, Financial Services and Insurance 9.3.4.1 The Need to Reduce the Cost of Compliance Management and Keep Employees Updated About New Technologies 9.3.5 Manufacturing 9.3.5.1 The Need to Fulfil the Increasing Demand for Skilled Technicians 9.3.6 Government and Defense 9.3.6.1 to the Need to Provide Training for Employees 9.3.7 Telecom 9.3.7.1 The Need to Enhance the Response of the Telecom Staff 9.3.8 Others 10 LMS Market, By Region 10.1 Introduction 10.2 North America 10.2.1 United States 10.2.1.1 Increasing Adoption of Elearning Platforms 10.2.2 Canada 10.2.2.1 Increasing Awareness of Cloud and Its Benefits 10.3 Europe 10.3.1 United Kingdom 10.3.1.1 The Presence of Well-Established Academic Institutions and Their Adoption of LMS 10.3.2 Germany 10.3.2.1 Existing Cloud Infrastructure to Lead to Easy and Cost-Effective Operations in Online Education 10.3.3 France 10.3.3.1 Increasing Investments in Higher Education 10.3.4 Rest of Europe 10.4 Asia Pacific 10.4.1 China 10.4.1.1 Increasing Number of Government Initiatives to Develop the Training and Development Industry 10.4.2 Japan 10.4.2.1 Early Adoption Trend of It for Corporate Learning 10.4.3 India 10.4.3.1 The Increasing Need to Promote the Use of Technology in Various Verticals 10.4.4 Rest of Asia Pacific 10.5 Middle East and Africa 10.5.1 Middle East 10.5.1.1 The Need to Gain A Positive Outlook Toward Regulatory Compliances 10.5.2 Africa 10.5.2.1 Increasing Government Initiatives to Boost the Use of LMS Solutions Across the Region 10.6 Latin America 10.6.1 Brazil 10.6.1.1 One of the Fastest-Growing Economies in the Education Industry 10.6.2 Mexico 10.6.2.1 The Need to Become Digitally Advanced and Technically Well-Established 10.6.3 Rest of Latin America 11 Competitive Landscape 11.1 Microquadrant Overview 11.1.1 Visionaries 11.1.2 Innovators 11.1.3 Dynamic Differentiators 11.1.4 Emerging Companies 11.2 Start-Up Microquadrant Overview 11.2.1 Progressive Companies 11.2.2 Starting Blocks 11.2.3 Responsive Companies 11.2.4 Dynamic Companies 11.3 Key Developments 11.4 Competitive Scenario 11.4.1 Partnerships 11.4.2 New Product Launches 11.4.3 Acquisitions 11.4.4 Business Expansions 12 Company Profiles 12.1 Cornerstone Ondemand, Inc. 12.2 Blackboard 12.3 Saba Software 12.4 D2l Corporation 12.5 Adobe Systems 12.6 Crossknowledge 12.7 Oracle 12.8 SAP 12.9 Docebo 12.10 Schoology 12.11 IBM 12.12 Epignosis 12.13 MPS 12.14 Pearson 12.15 Mcgraw-Hill 12.16 Sumtotal Systems 12.17 Absorb Software 12.18 Instructure 12.19 Ispring Solutions 12.20 (G-Cube) 12.21 Lattitude CG 12.22 Upside LMS 12.23 Paradiso 12.24 Skyprep Inc 12.25 Knowledge Anywhere
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