Global corporate LMS market to grow at a CAGR of 23.73% during the period 2017-2021.
Global Corporate LMS Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, the global corporate LMS market is expected to register exponential use of cloud-based LMS. Cost benefits associated with the use of cloud-based LMS is one of the primary factors accounting for this trend. Numerous vendors, including TalentLMS, Haiku Learning, Scholar LMS, and WizIQ, offer cloud-based LMS service. The use of cloud services helps companies reduce cost as they do not require servers to install LMS services. This cloud-based LMS is mainly helpful for the small and mid-size enterprises that lack skilled staff and the expertise in managing the operations.
LMS are software applications that are used to plan, deliver, and manage learning process. They use web-based technology to manage, administer, track, and report on the delivery of content, and evaluate the performance of participants. A large number of corporates are widely adopting these solutions due to the substantial cost benefits and proven results of increased efficiency and productivity of employees.
These benefits have propelled companies worldwide to completely replace traditional forms of learning with LMS solutions. LMS have become important for organizations that do business around the world because it enables them to train their employees despite geographical location.
To calculate the market size, the report considers the revenue generated from the following deployment segments:
- Cloud deployment
- On-premise deployment
- Automating assessment functionalities
- Implementation of cloud-based LMS
- Replacement of legacy LMS
- Improved delivery system
- Threat from open source LMS
- Safety and security of user data
- Technical constraints to implement LMS
- Emergence of mobile learning
- Social learning inclusion
- Customized learning environment
- Cornerstone OnDemand
Other prominent vendors
- City & Guilds Group
- Saba Software
- Tata Interactive Systems
For more information about this report visit http://www.researchandmarkets.com/research/jf6jp7/global_corporate