Learning Management System Market: Current Analysis and Forecast (2022-2028)

The global Learning Management System Market is expected to grow at a growth rate of around 18% during the forecast period. A learning management system is a software application or web-based technology used to plan, implement, and evaluate a specific learning process. It is used in e-learning practices and in its most common form consists of two elements: a server that performs basic functions and a user interface that is operated by instructors, students, and administrators. Learning management systems are commonly used by businesses of all sizes, central government agencies, local governments, traditional educational institutions, and online/e-learning based institutions. The system can improve traditional teaching methods while saving organizations time and money. The global learning management system market is growing rapidly on the account of the growing need for efficient and accessible learning, efficient management of learning content, the growing adoption of cloud-based learning management system solutions, and the rising demand for smart and interactive learning platforms. Moreover, factors such as the rising number of enrollments for online courses and the growing trend for online education are also contributing to the growth of the market. For instance, according to the US Census Bureau, in households with incomes of USD 100,000 or more, 85.8% of people with children reported using online resources for distance learning.

Some of the major players operating in the market include: Cornerstone OnDemand Inc., International Business Machines Corporation, Blackboard Inc., SAP SE, Powerschool Holdings Inc., Oracle Corporation, Instructure, Inc., Infor Global Solutions, Adobe Inc., and Docebo S.p.A. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst deployment, on-premises deployment segment to witness robust CAGR during the forecast period"

Based on deployment, the market is divided into on-premises and cloud. The on-premises segment catered to a prominent share of the global learning management system market mainly due to the in-house safety and security capabilities of the on-premises deployment. However, small organizations and educational institutes are moving toward cloud-based deployment due to its flexible pricing options. The ease of operation while connecting various applications and services is further impacting the growth of the cloud-based learning management system.

"Amongst user-type, the academic segment to hold a significant share in the market in 2020"

On the basis of user-type, the market is bifurcated into academic and corporate. The growing need for effective learning tools for training students is helping the academic segment to grow, making it a quickly growing segment. The learning management system helps academic institutions maintain the integrity of their educational programs, enabling educators to develop courses, conduct instruction, facilitate communication, facilitate collaboration, and assess students effectively and efficiently.

"Asia-Pacific to hold a significant share in the market"

Asia-Pacific is expected to grow at a strong growth rate during the forecast period. The government initiatives to promote digital infrastructure are responsible for promoting the adoption of learning management system solutions in the region. Countries in APAC are considerably contributing toward the growth of the market, owing to the rapid adoption of various learning management system solutions by enterprises in the region. Furthermore, the region has the highest number of students, and as technology advances, the demand for e-learning and distance learning is increasing. This will make the learning management system market meet the diverse educational needs of different countries in the APAC region, such as Australia and New Zealand (ANZ), Japan, China, Singapore, and India.

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• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.

• The report presents a quick review of overall industry performance at one glance.

• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.

• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

• The study comprehensively covers the market across different segments.

• Deep dive regional level analysis of the industry.

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