Online technology that assists in the management, delivery, and evaluation of learning and training content is interpreted as learning management system (or LMS). LMS provides its users an easy access to informative content from anywhere and anytime. Furthermore, these systems are helpful for students pursuing professional course, higher education and more, as the training is imparted through a collaborative learning platform. Today, LMS has encouraged both students and teachers to move out of the classroom environment and effectively utilize the informative content available online.
The world learning management system market today has been influenced by several drivers, restraints and opportunities. The increasing need for quality education and training across various educational and corporate institutes worldwide primarily drives the growth of the market. Additionally, the growing requirement of digital learning and increased collaboration between learners and trainers is supplementing the growth of this market. However, absence of proper integration system and limited customization offerings have hindered market growth to a great extent. New applications as well as innovative solutions, launched by many companies for the process of teaching and learning is anticipated to generate greater opportunities for LMS market. Economic revolution in different countries backed by the need for trained workforce in companies would also generate opportunities.
The market is segmented in terms of deployment models, product types, endusers, application, and geography. The major products of the learning management system include content management, learner management, performance management, collaboration, administration, and others. In terms of application, the LMS system is segmented into technology training, virtual instructor training, distance learning, and others. Popular deployment models used in the learning management system are on premise deployment model and Software-As-A-Service (SaaS). Prominent end-users of the market include academic and corporate. The LMS market is showing tremendous growth in regions such as North America, Europe, Asia Pacific, and LAMEA.
LMS market is gaining traction, which is visible from the recent collaborations and acquisitions of the major enterprises. Brands are also focusing on launching learning management system that provides mediarich content for different subjects. Some of the key market player include IBM Corporation, Saba Software, Blackboard, Pearson, Latitude Learning, and more
KEY BENEFITS FOR STAKEHOLDERS
LEARNING MANAGEMENT SYSTEMS MARKET SEGMENTS
Market By Application
Market By Product type
Market By Deployment Model
Market By End Customers
Market By Geography
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