Learning Management System (LMS) Market Introduction
Nowadays, enterprises are inclined towards investing considerable amount on employee’s training to avoid the risk of being out-thought and out-maneuvered by competitors. In addition, to monitor and manage training initiatives organizations are focused towards deploying advanced tracking system i.e. learning management system. Moreover, increase in need for advanced infrastructure in educational institutions and supportive government policies are encouraging the adoption of learning management systems in educational institutes across worldwide. A learning management system (LMS) is a software application that for the tracking, delivery, administration, and reporting of corporate training and educational courses.
Increase in budget allocation for eLearning programs and growing prevalence of eLearning across the globe have boosted the learning management system market growth. Further, a significant increase in student population and increase in demand for advanced eLearning systems across educational institutions have raised the need for deployment of enhanced learning management systems. In addition, improved user experience, administrative experience, mobile delivery, enhanced reporting, and availability of various online subscription plans are some of the key factors that are anticipated to fuel the market growth over the forecast period. However, lack of integration and aftermarket support are anticipated to hamper the market growth.
The market is analysed across various segments such as delivery mode, end users, deployment model, vertical, and region. By delivery mode, the market is segmented into instructor led, web-based, simulation-based course. Based on end users, the market is analysed across educational institutions (K-12 and higher education) and corporate users (small-medium enterprises and large enterprises). By deployment model, the market is bifurcated into cloud and on-premise segments. Based on vertical, the market is segmented into healthcare, BFSI, retail sector, public sector, manufacturing, IT & telecom, and others. Key regions analyzed in the market are North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, and Middle East and Africa.
Learning Management System (LMS) Market Competitive Landscape
The high presence of several corporate training solutions providers and professionals have made the market very fragmented. Further, the LMS market has witnessed emergence new niche companies offering industry-specific corporate training solutions. Prominent players providing learning management system are inclined towards introducing advanced learning management software that enables end users to develop and deliver stunning courses on their websites. Further, key players have incorporated enhanced features—such as content sharing, communication & management tools, and real-time feedbacks—in LMS which have improved end user’s experience. Some of the key vendors analyzed in the market are Adobe, Firstventure, Epignosis, Moodle, Oracle, WizIQ, Edmodo, Xerox Corporation, IBM, SAP SE, MindScroll, Thinkific, and D2L Corporation.
Major Regions/Countries include:
- North America
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on learning management system (LMS) 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.