Global Learning Management Systems Market Report 2023: Sector is Expected to Reach $98.69 Billion by 2030 at a CAGR of 16.4% - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Learning Management Systems Market Size, Share, Growth Analysis, By User Type, By Deployment Model, By Industry Vertical - Industry Forecast 2022-2028" report has been added to ResearchAndMarkets.com's offering.

The Global Learning Management Systems Market size was valued at USD 21.22 billion in 2021 and is poised to grow from USD 24.7 billion in 2022 to USD 96.89 billion by 2030, growing at a CAGR of 16.4% in the forecast period (2023-2030).

Companies Mentioned

• Cornerstone OnDemand, Inc.
• Blackboard Inc.
• SAP SE
• Adobe Inc.
• Docebo Inc.
• Instructure, Inc.
• Moodle Pty Ltd
• Saba Software, Inc.
• D2L Corporation
• IBM Corporation
• Oracle Corporation
• Edmodo
• Schoology
• Absorb LMS
• TalentLMS
• Litmos by SAP
• G-Cube Solutions
• iSpring Solutions Inc.
• UpsideLMS
• Epignosis LLC (eFront)

The global Learning Management Systems (LMS) market is expected to grow significantly over the next few years due to increasing demand for e-learning solutions in various industries. LMS platforms offer various features, including online courses, certification tracking, and training program management, making them a popular choice for organizations of all sizes.

The market is also being driven by the need for cost-effective and efficient training solutions that can be accessed remotely from anywhere in the world.

Segments covered in this report

The Global Learning Management Systems Market is segmented based on user type, deployment type, industry verticals, and region. Based on User Type it is categorized into Academic and Enterprises, Based on Deployment Model it is categorized into On-Premise and Cloud, and Based on Industry Vertical it is categorized into Government & Education, Retail, Healthcare, IT & Telecom, Manufacturing, Hospitality, and Others. Based on the region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.

Driver

The advent of 5G technology has brought about considerable transformations in the realm of cloud computing. With its low latency connectivity, 5G facilitates seamless communication and expedites data transfers. Moreover, 5G's enhanced speeds enable quicker access to video analytics and artificial intelligence, which is instrumental in enhancing urban safety.

As a result, city managers, building owners, and facility managers can now make better-informed decisions and provide improved public services. Consequently, these developments are presenting a profitable growth prospect for the worldwide learning management market during the projected timeframe.

Restrain

LMS providers are continuously incorporating advanced technologies to enhance their services as the use of LMS solutions expands. To accommodate shorter attention spans, LMS solutions are now featuring more visuals and fewer texts, captivating themes, and immersive virtual learning experiences.

Eventually, gamification will be integrated to further engage e-Learners. AI technology can also be utilized to create an AI-based mentor that can assist students in comprehending concepts, suggesting courses, and offering feedback to boost their grades.

Additionally, data analysis tools can assess students' thinking processes and learning styles based on their daily interactions, leading to custom-tailored courses and personalized learning experiences.

Trend

The COVID-19 pandemic has caused the closure of educational institutions worldwide, resulting in a rise in the usage and adoption of online and digital learning methods. This has had a positive impact on the learning management systems market as consumers prefer to learn online during the pandemic.

The educational industry has responded by providing customers with learning management system options globally, enabling them to continue their education and enhance digitalized learning. Consequently, the learning management system market has experienced significant growth due to this trend, which has become one of the major growth drivers during the global health crisis.

For more information about this report visit https://www.researchandmarkets.com/r/x27giu

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