Learning Management System Market Size, Share | Global Forecast 2028

Learning Management System Market: Industry Perspective

The global learning management system market size was worth around USD 14.9 billion in 2021 and is predicted to grow to around USD 43.6 billion by 2028 with a compound annual growth rate (CAGR) of roughly 18.4% between 2022 and 2028.

The report analyzes the global learning management system market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the learning management system industry.

Request Free Sample

Learning Management System Market: Overview

A learning management system (LMS) is a software solution used to organize, track, analyze, automate, and provide educational courses, train programmers, and learn & development, programmers. The notion of a learning management system arose straight from e-learning. The largest section of the learning system market is learning management systems.

In the late 1990s, the LMS was initially introduced. Due to the emphasis on remote learning during the COVID-19 epidemic, learning management systems have seen a tremendous increase in usage.

COVID-19 Impact Analysis:

Due to the COVID-19 outbreak, some governments have implemented stringent lockdowns, shutdowns, and movement restrictions in order to prevent the virus from spreading. Strict lockdowns, border closures, and supply chain worries functioned as barriers to deploying LMS systems on-site. However, such restrictions triggered an urgent need for remote learning, which is why LMS systems gained a high demand in 2020.

Also, the commercialization of LMS is projected to result in significant market growth. The pandemic has caused companies to rethink their strategy and place a greater emphasis on solid network connectivity to recover consumers' trust.

Learning Management System Market Size: Growth Drivers

Increasing acceptance of cloud-based LMS solutions is likely to boost the market growth

Businesses and educational institutions are in demand to observe and track their employees' or students' learning progress to improve the overall output. Traditional methods of measuring learners' progress, such as collecting questionnaires manually or using a survey tool, are wasteful and incorrect. Manual surveys have several drawbacks, including time consumption, poor response rates, a lack of references or standards, and the chance of wrong responses. Organizations are unable to adequately track the efficacy of their initiatives due to time constraints and a lack of suitable assessment tools. Due to such drawbacks with traditional tracking systems, companies and institutes are adopting cloud-based LMS solutions, besides additional benefits such as low-cost investments with cloud platforms and accessibility of data at any period at any location making cloud-based LMS a better choice for investors.

The major drivers that are impelling the market growth of learning management systems are increasing adoption of digital learning among corporate and academic sector. Another factor like increased compatibility of mobile devices with learning management system will fuel the market growth. Many organizations are adopting an m-learning (mobile learning) system which allows user learning across multiple contexts such as social media and context interaction through personal electronics devices.  However, lack of integration in using LMS functionality is major restraining factor in learning management system market. Nonetheless, technological advancement, continuous innovation in e-learning and delivery methods will propel the growth of learning management system market over the forecast period.

Request Free Sample

Learning Management System Market: Restraints

The dearth of performance tracking and ROI measurement may hamper the market growth

LMS suppliers are continuously seeking to add new technology to improve their products as the popularity of LMS systems grows. With more images & less text, more interesting themes & expressions, a focus on virtual immersion learning, and eventually, gamification to engage E-learners, LMS solutions enable instructors to adapt to declining attention spans.

Artificial Intelligence (AI) may be used to build an AI-based mentor that can assist students in understanding ideas, recommending courses, and providing comments to help them better their grades. Other technologies, such as data analysis, assess students' mental processes and learning styles based on their everyday interactions, allowing them to give personalized courses and a personalized learning experience for them.

Learning Management System Market: Opportunities

Software advancements in LMS technologies likely offer better growth opportunities

The development of 5G technology has wreaked havoc on the cloud computing industry. 5G's low latency connectivity allows for quicker data transfers and smoother conversations. 5G speeds up access to video analytics and artificial intelligence, making the city a safer place.

This allows municipal administrators, building owners, and facility managers to make better decisions and deliver better public services. The entire revolutionary potential of 5G has yet to be realized, and this presents a significant growth opportunity for the LMS industry.

Learning Management System Market: Challenges

Need for technical training for teachers and instructors

Most instructors who are used to traditional lecture delivery methods face obstacles in adopting approaches such as course design, assignment preparation, assessment & evaluation, online material distribution, and collaboration. This is an issue encountered by educational establishments and instructors all over the world, and it is not restricted to any one area or location.

Learning Management System Market: Segmentation

The global learning management system market is segmented based on component, delivery mode, deployment type, user type, and region.

On the basis of components, the global learning management system market is divided into solutions and services. The Solutions segment dominates the learning management system market, fueled by the growing need for cloud-based, AI-powered, and mobile-friendly e-learning platforms. However, the Services segment is expanding as organizations invest in customization, implementation, and ongoing support to enhance their LMS functionality.

By delivery mode, the market is segmented into distance learning, instructor-led training, and blended learning. The Distance Learning segment dominates the LMS market, fueled by the growing demand for flexible, AI-powered, and remote-friendly e-learning solutions. However, Instructor-led Training (ILT) continues to be essential for corporate training, technical education, and compliance programs, while Blended Learning is experiencing significant growth due to its hybrid approach that combines digital and in-person learning experiences.

Based on deployment type, the learning management system is bifurcated into cloud and on-premises.

In terms of User types, the global learning management system market is bifurcated into academic and corporate. The corporate segment dominated the learning management system market across the globe due to the continuous gradation of the corporate sector in terms of technology. Replacing conventional systems with LMS systems to create digital learning such as video-based training and presentation is escalating the market growth of learning management systems.

Learning Management System Market: Report Scope

Learning Management System Market: Regional Analysis

Asia Pacific is expected to dominate the global market

The Asia Pacific LMS market is expected to expand rapidly in the next few years. The use of video conferencing solutions in the area is being driven by government measures to improve digital infrastructure. Increased growth possibilities in the APAC region are due to the fast use of different LMS solutions by several businesses in emerging economies. Countries such as India, China, and Japan are significantly contributing to market development in the region.

Furthermore, the region has the largest student population, and with the advancement of technology, the need for E-learning and distance education is expected to increase. This propels the LMS market to satisfy a wide range of educational needs in the APAC region, comprising China, Australia, New Zealand, Japan, India, and Singapore.

Recent Developments

• In October 2020, Blackboard Reach launched the company's latest solution for K-12 institutions. The goal of the solution was to make it easier for parents to communicate with instructors and have meaningful, in-person conversations.
• Instructure collaborated with Amazon Web Services (AWS) in August 2020 to provide educators with significant cloud computing teaching tools. Users would be able to access materials from AWS Educate in Canvas thanks to the structure.
• Cornerstone purchased Saba in April 2020, a worldwide supplier of talent experience solutions. Cornerstone was able to expedite innovation and expand its capabilities to serve a bigger, more diversified range of clients as a result of this purchase.

Learning Management System Market: Competitive Analysis

The global learning management system market is dominated by players like:

• Blackboard
• Cornerstone OnDemand
• SAP
• Adobe
• PowerSchool
• Instructure
• D2L
• SumTotal
• LTG
• IBM
• Oracle
• Infor
• Docebo

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 the Middle East & Africa