DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/v45r9m/learning) has announced the addition of the "Learning Management Systems (LMS) Market by Products, Applications, Deployment Type, User Type and Region - Global Forecast to 2020" report to their offering.
LMS refers to a software application used for planning, delivering, managing, and assessing a learning process. The total Learning Management Systems market is expected to grow from USD 4.07 Billion in 2015 to USD 11.34 billion by 2020 at a CAGR of 22.8% during the forecast period. LMS is experiencing a rapid adoption pace as it addresses the needs of flexible and holistic learning. LMS supports in managing a huge pool of information and allowing trainers to create content for the course and design, thus, generating a dynamic learning environment. These solutions are graded to be receptive and scalable to suit the organization's requirements. These applications focus on supporting the learning activities to suit the pace of the user and facilitate just-in-time learning. The LMS applications assist in creating a more engaging and personalized learning environment in a digitized life.
The overall market size of the LMS market is the summation of revenues generated by academic and corporate users by the implementation of LMS products.
The SaaS delivery of LMS applications, designed by blending cloud technology with customary learning management solutions, has empowered the organizations to focus on the delivery of effective training and development practices by offloading the burden of the maintenance of LMS to the vendors. Proprietary or open source, fundamentally, the LMS applications help in improved training administration and efficient management of learning activities.
The adoption of LMS educational products is expansive among the corporate sector, as they require these products for better learning and training of employees. Moreover, North America in general, and the U.S. and Canada in particular, are rapidly adopting digital products as there is substantial coverage of mobile devices and varied channels of delivery across organizations for offering services to its customers.
The Learning Management Systems market is rapidly gaining traction, which is evident with the acquisitions of Schoolwires by Blackboard, Requestec by Blackboard, Evolv,Inc., by Cornerstone OnDemand, and CPAS Systems by Xerox Corporation. The major players involved in this ecosystem include Blackboard, Cornerstone OnDemand, NetDimensions, IBM, Xerox Corporation, Saba Software, and Ellucian among various others. However, it is anticipated that the major vendors would face tough competition from the local vendors from diverse regions, especially in the field of learning technology.
Key Topics Covered
- Research Methodology
- Executive Summary
- Premium Insights
- Market Overview
- Industry Trends
- Learning Management System Market Analysis, By Product
- Learning Management System Market Analysis, By Application
- Learning Management System Market Analysis, By Deployment Type
- Learning Management System Market Analysis, By User Type
- Geographic Analysis
- Competitive Landscape
- Company Profiles
- Key Innovators
- Cornerstone Ondemand
- D2l Incorporated
- IBM Corporation
- Mcgraw-Hill Companies
- Saba Software
- Tata Interactive Systems
- Upside Learning
- Xerox Corporation
For more information visit http://www.researchandmarkets.com/research/v45r9m/learning