DUBLIN–(BUSINESS WIRE)–The “Global Learning Management System Market (2021-2027) by Component, Function, Delivery Mode, Deployment, User Type, and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis” report has been added to ResearchAndMarkets.com’s offering.
The Global Learning Management System Market is estimated to be USD 13 Bn in 2021 and is expected to reach USD 31.02 Bn by 2027, growing at a CAGR of 15.6%.
The COVID-19 pandemic has resulted in the shutdown of schools, colleges, and universities across the Globe. Hence, the situation is rapidly transforming the education ecosystem. This has surged the demand for LMS software solutions and other online teaching techniques amongst the educational institutions and students. The key features of LMS include Artificial Intelligence, Automated Admin Tasks, Platform Consolidation, Personalized Learning Paths, Instinctive User Interface, Course Management, Certifications and Retraining, Course and Catalog Management, etc.
The major growth drivers for the market are increasing the adoption of e-Learning platforms, Bring-Your-Own-Devices (BYOD), growing inclination towards cloud deployment model, growing usage of AI (Artificial Intelligence) and ML (Machine Learning) in LMS. The market is expected to witness development in the coming years due to an increase in expenditure on IoT technology by several Governments.
However, low motivation and engagement to adopt LMS solutions may restrain the market growth. LMS companies are facing challenges related to less spending on non-essential items by organizations.
Market Dynamics
Drivers
Increasing Adoption of Digital Learning
Growing Inclination Toward BYOD Policy and Enterprise Mobility
Extensive Government Initiatives for Growth of LMS
Growing Use of AI and ML in LMS
Increasing Significance of Elearning in Corporate and Academic Setups
Restraints
Low Motivation and Engagement to Adopt LMS Solutions
Opportunities
Increase in Demand for Gamification in LMS to Provide Opportunities for LMS Vendors
Rise in Cloud Adoption among Organizations and Institutes to Motivate Learners to Adopt Web-Based LMS Solutions
Rapid Demand for Collaborative Learning in LMS to Provide Opportunities for Trainees.
Challenges
Lack of Technical Support Post-Implementation of LMS
Lack of Skilled Trainers and Instructors
Market Segmentation
Global Learning Management System Market, By Component
Introduction
Solutions
Services
Consulting Services
Implementation Services
Support Services
Global Learning Management System Market, By Function
Introduction
Administration
Content Management
Performance Management
Global Learning Management System Market, By Delivery Mode
Introduction
Distance Learning
Instructor-Led Training
Blended Learning
Global Learning Management System Market, By Deployment
Introduction
On-Premises
Cloud
Global Learning Management System Market, By User Type
Introduction
Academic
K-12
Higher Education
Corporate
Software and Technology
Healthcare
Retail
Banking, Financial Services, and Insurance
Manufacturing
Government and Defense
Telecom
Others
Global Learning Management System Market, By Geography
Introduction
North America
South America
Europe
Asia Pacific
Rest of the World
Companies Mentioned
Blackboard Inc.
Callidus Software Inc.
Epignosis LLC (Talentlms)
John Wiley & Sons, Inc.
Oracle Corporation
Jzero Solutions Ltd
Paradiso Solutions
Saba Software, Inc.
SAP SE
Sumtotal Systems, LLC
Crossknowledge
Docebo
Pearson
Ispring Solutions
Lattitude CG
Cypher Learning
Mindscroll LMS
LOOOP
For more information about this report visit https://www.researchandmarkets.com/r/8kgm5l
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