Global Corporate LMS Market Growth at CAGR of 23.73%, 2017-2021: Key Vendors are Cornerstone OnDemand, Oracle, SAP & Skillsoft - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Corporate LMS Market 2017-2021" report to their offering.

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

Market Dynamics

Market drivers

  • Automating assessment functionalities
  • Implementation of cloud-based LMS
  • Replacement of legacy LMS
  • Improved delivery system

Market challenges

  • Threat from open source LMS
  • Safety and security of user data
  • Technical constraints to implement LMS

Market trends

  • Emergence of mobile learning
  • Social learning inclusion
  • Customized learning environment

Key vendors

  • Cornerstone OnDemand
  • Oracle
  • SAP
  • Skillsoft

Other prominent vendors

  • Aptara
  • Articulate
  • City & Guilds Group
  • Desire2Learn
  • Docebo
  • Saba Software
  • Schoology
  • Tata Interactive Systems

For more information about this report visit http://www.researchandmarkets.com/research/jf6jp7/global_corporate

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Related Topics: Software

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Software