Learning Management System Market, Impact On The Growth, By Type, By Share, By Application Opportunities Future Restraints, Opportunities, Industry Profit And Forecasts Up To 2027
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Learning Management
System Market Overview:
The
global Learning
Management System Market has been expected to
increase at a CAGR of 21.20%, with a value of USD 42.31 billion over the
forecasted year of 2027.
The
learning management system is a web-based application that assists in
implementing and administering online training and learning programs. It
provides numerous features like a customizable user interface, social learning,
mobile compatibility, automation, pre-built and custom courseware and blended
learning. It also offers a seamless experience on the front and back, improved
efficiency, support for multiple learning methods, and valuable insights. As it
is fast, productive, cost-effective and helps to improve learning, the demand
for the learning management system market is escalating across the world.
The
increase in the adoption of the learning management systems for online learning
and the inline classes to reduce the costs and the increase in convenience act
as major drivers for the market. In addition, the increase in the penetration
of smartphones coupled with the fast internet connectivity, rise in the
preference among the consumers for the learning management systems and massive
adoption of this system among the educational institutes accelerate the
learning management systems market growth. However, the high prices of courses
and unstable internet connections in the remote areas decrease the market's
growth. The demand for smart and interactive learning platforms like electronic
learning, open online courses, mobile education and online tutorials is rising
remarkably with the growing preference for training and learning sessions. The
educational institutes adopt tools to support and enhance the learning process
and teach efficiencies. At the same time, the novel coronavirus pandemic caused
the temporary closure of the entire market sectors around the world. The crisis
has dramatically changed the entire education system, and it has escalated the
demand for online learning platforms.
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Competitive Landscape:
The
global market report discussing the challenges of the learning management
system market includes latest changes initiated by companies like Blackboard,
Inc. (U.S.), Edmodo (California), SAP SE (Germany), IBM Corporation (U.S.),
Oracle Corporation (U.S.), McGraw-Hill Education (U.S.), Xerox Corporation
(U.S.), D2L Corporation (Canada), Cornerstone On demand, Inc. (U.S.), and Saba
Software, Inc. (U.S.). MRFR analysts have included a study of these changes to
understand how the market can proceed further.
Segmentation:
The
global market has been segmented into five basic categories: user-type,
deployment model, delivery mode, application, and regional analysis. With the
user type, the market is divided into two categories: academic & corporate.
According to the deployment model section, the market is further divided into
cloud-based and on-premise. By the delivery mode, it is further classified into
two sections: distance learning and instructor-led training. As per the
application section, the learning management system market is classified into
four parts: administration, content management, performance management, etc.
With the regional analysis part, the global market has been classified into
five parts: Asia-Pacific, Europe, North America, South America and Middle East
& Africa.
Regional Analysis:
The
driving factor for the growth of the learning management system market in North
America is the presence of the learning management system platform pioneers
like Docebo and iSpring, which successfully offer services to big and SMEs. The
mobile learning initiatives and the policy implications in America indicate
that the mobile learning efforts in Canada and the United States are generally
school or district-led. North America is likely to hold the market for the
learning management system due to the rising of high-tech activities across the
entire region. The United States has a large number of colleges and
universities. These factors would create huge opportunities for the players to
expand their businesses in such a region. The Asia-Pacific is likely to
showcase the strongest growth ever in the forecast period. China, India, Japan,
Indonesia, Australia and several other developing regions focus on investing in
the online education sectors.
Industry News:
In
February 2020, the Chinese e-learning leaders like TAL Education Group and GSX
Techedu had raised around USD 3.2 million to promote e-learning technology
across the entire region.
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Table of Content
1. Report Prologue
2. Introduction
2.1 Definition
2.2 Scope of The Study
2.2.1 Research objective
2.2.2 Assumptions
2.2.3 Limitations
2.3 Market Structure
Continued…
List of Tables
Table 1 Global Learning
Management System Market (Usd Billion)
Table 2 Global Learning
Management System Market, By Services
Table 3 Global Content
Management Market, By Region
Table 4 Global
Performance Management Market, By Region
Table 5 Global
Administration Market, By Region
Continued…
List of Figures
Figure 1 Research Process
Figure 2 Drivers of
Global Learning Management System Market
Figure 3 Global Learning
Management System Market: By Services (%)
Figure 4 Global Learning
Management System Market: By Application (%)
Figure 5 Global Learning
Management System Market Share By Region 2020-2027 (%)
Continued…
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