Global Learning Management System Market Revenue Estimated Around USD 43.6 Billion By 2028

According to the report, the global learning management system market size was valued at approximately USD 14.9 billion in 2021 and is predicted to reach around USD 43.6 billion by the end of 2028, expanding at a CAGR of around 18.4% from 2022 to 2028. The report analyzes the Learning Management System market’s drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the Learning Management System market.

Learning management systems were created to detect training and learning gaps. LMSs are mostly used for online learning using analytical data and reporting, but they can also be used for a variety of other purposes, such as serving as a platform for online content, like asynchronous and synchronous courses. An LMS may provide classroom management for instructor-led instruction or a flipped classroom in higher education. Today, intelligent algorithms are used in modern LMSs to produce automatic course suggestions based on a user's ability profile, as well as extract information from learning materials to improve the accuracy of such recommendations.

The global learning management system market is growing at a rapid rate. Major factors such as the increase in the necessity for training & education among professionals, growing acceptance of digital learning, as well as cloud services, are fostering the growth of the global market. Further, the increase in the incorporation of e-learning tools by industries especially, healthcare, BFSI as well as government sectors to enhance the efficiency of the workforce is adding up to the growth of the market. The growing demand for learning management systems from the education sector is also on the rise with the emergence of the Covid-19 pandemic which in turn is also driving the market growth.

The rise in the adoption of smartphone devices, growing internet penetration, and the growing trend of bringing your own devices (BYOD) are also some of the key factors that are fueling the market growth. Furthermore, the rise in technological advancements including artificial intelligence and the Internet of Things is likely to create several opportunities for market growth during the forecast period. However, the lack of skilled professionals and low penetration of the market in underdeveloped countries may hinder market growth.

The global learning management system market is segregated based on components, delivery mode, deployment, user type, and region. The component segment of the market is bifurcated into solutions and services. Based on the delivery mode, the market is categorized into distance learning, blended learning, and instructor-led training. Among these,the distance learning segment accounts for a large share of the overall market. By deployment, the market is split into cloud and on-premises. The user type segment of the global market is divided into corporate and academic.

North America contributes more than 35 percent of the share of the global learning management system market. This is attributed to increasing EdTech activities in major countries such as the US and Canada. The number of educational institutes and universities is more in the United States that support LMS market expansion at a significant rate. Asia Pacific is projected to provide ample growth opportunities. Also, the LMS market in the region is expected to expand at a rapid rate over the forecast period. Key factors such as the availability of E-learning platforms, large student population, increasing inclination of universities & schools towards digitalization, and the growing importance of LMS platforms in several industries are likely to boost the regional market growth.

Browse the full “Learning Management System Market - By Component (Solutions and Services), By Delivery Mode (Distance Learning, Instructor-led Training, and Blended Learning), By Deployment Type (Cloud and on-premises), By User Type (Academic and Corporate), and By Region: Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 - 2028” Report at https://www.zionmarketresearch.com/report/learning-management-system-market

Major players functioning in the global learning management system market include Blackboard, Cornerstone OnDemand, SAP, Adobe, PowerSchool, Instructure, D2L, SumTotal, LTG, IBM, Oracle, Infor, and Docebo.

Recent Developments

• PowerSchool announced in July 2021 that its class A common stocks will be priced at USD 18 per share on the New York Stock Exchange (NYSE). This would assist the corporation in repaying outstanding debt associated with the IPO.
• D2L and Microsoft teamed up in December 2020 to integrate Brightspace LMS with Microsoft Teams. Enabling access to a private Teams space on the Brightspace platform would improve the learning experience.

The global learning management system market is segmented as follows:

By Component

• Solutions
• Services

By Delivery Mode

• Distance Learning
• Instructor-led Training
• Blended Learning

By Deployment Type

• Cloud
• On-premises

By User Type

• Academic
• Corporate

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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