India Learning Management System (LMS) Market Introduction
With India poised as the fastest growing economy in the world, talent development has listed on the top priority of the country. Further, the emergence of ICT trends such as mobility and industry 4.0 trend has put an expiry date on existing skills and demands talented staff for operations. The rise in the need for advanced learning infrastructure in the educational institution and corporate sector owing to rise in awareness among enterprises to avoid the risk of being out-thought and out-maneuvered by competitors is anticipated to accelerate the adoption of advanced tracking and reporting systems. Further, the government of India has introduced several supportive initiatives to drive digitization across end-user verticals which is attributed to create significant growth opportunities for key vendors. A learning management system enables end user to track, monitor, control, report, and deliver educational courses and corporate training.
The significant increase in student population, rise in Internet and mobile penetration, increase in budget allocation for the advancement of the educational system in India, growing prevalence of eLearning across the country is anticipated to boost the market growth at a considerable rate. Further, availability of advanced cloud-based learning management solutions and various online subscription plans are encouraging end users to invest in LMS. However, lack of digitization, awareness, system integration and aftermarket support are anticipated to hamper the market growth to a certain extent over the forecast period.
The India LMS market is analyzed across various segments such as delivery mode, deployment model, end users, vertical, and region. By delivery mode, the market is bifurcated into web-based, instructor-led, simulation-based course segments. Based on deployment model, the market is segmented into on-premise and cloud. End users include corporate users (small-medium enterprises and large enterprises) and educational institutions (K-12 and higher education). Based on vertical, the India learning management system market is segmented into the public sector, manufacturing, healthcare, BFSI, retail sector, IT & telecom, and others. Key regions analyzed in the market are tier I cities, tier II cities, and tier III cities.
India Learning Management System Market Competitive Landscape
At present, the India learning management system market is fragmented in nature owing to large number of corporate training and educational courses solutions providers in the market. In addition, to meet niche end user’s specific needs many new players have entered the market with advanced learning management systems equipped with enhanced features. Moreover, rising competition in the market has encouraged key vendors to new and add advanced features in their offering to improve customer experience to gain advantages in the market. Key players analyzed in the market are Epignosis, MindScroll, Thinkific, Moodle, Adobe, Firstventure, Oracle, WizIQ, IBM, SAP SE, Edmodo, Xerox Corporation, and D2L Corporation.
This research report on India learning management system market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.