With a 20.5% compound annual growth rate, the learning management systems market is expected to reach $81223.80 million by 2030 from its 2020 valuation of $12793.52 million.

Growth in learning management system (LMS) market is owing to the increased awareness for continuous learning and growing popularity of digital learning among people. Furthermore, the availability of open-source code has made LMS a cost effective solution for people, corporate and educational institutes.

LMS gives educational institutes a digital space for various tasks like storing of documentation, tracking of enquiries, maintain student database and for online training. In recent times, growing demand for blended learning, the new options for probable business opportunities and new ways to identify ways rather than traditional education system are helping the growth of learning management system market size. Corporates are favoring towards the use of LMS to help employees use collaborative features such as online training and discussion forums. LMS also makes video conferencing with various user, track performance and team based e-learning possible.

IT and telecom sector has a greater need for keeping the employees trained on various new technologies. To help save time of employees and to ensure training time doesn’t hamper the work schedule learning management system is effective method. The growing popularity for the concept of Bring your own device (BYOD) has led to companies implement LMS over smart phones for employee training. Furthermore, cloud based distribution model is cost-effective and low maintenance.

With the help of a detailed study of learning management system industry analysis experts have predicted, that soon learning through the various social media mediums would be possible. Most of the key players have already started providing smart phone friendly LMS content. Government initiatives and growth in IoT Technology are reasons contributed towards growth of learning management system market size.

However, lack of customization option for course content and issues faced in integration might be the factors hindering the progress in the future. Also, countries in Latin America, the Middle East which are not developed and don’t have rich IT infrastructure and limited digital content are expected to act hurdle in the growth of learning management system market size.

The Global learning management system market is segmented on the basis of product, end-user, deployment and region. On the basis of product, it is segmented as administration, performance, collaboration, student and content management. Based on end-user industry it is divided as retail, government, consulting services, healthcare, and BFSI. Owing to new technologies the idea of Software as a Service (SaaS) has empowered the growth of LMS industry. Based on region it is divided as North America, Europe, Asia-Pacific, South America, Middle East and Africa. North America is going to be market leaders due to increased partnership between companies and LMS providers of the region.

Key market players of Global learning management system market include Oracle, Cornerstone Ondemand, Inc., Blackboard Inc., IBM Corporation, Netdimensions Ltd., McGraw-Hill Education, and Automatic Data Processing, Inc and many others.

Learning Management System Market Scope

Segments:

The various segments of Global learning management system market are,

By End Users:

• Retail
• Government
• Consulting services
• Healthcare
• BFSI

By Product:

• Administration
• Performance
• Collaboration
• Student
• Content Management

By deployment:

• SaaS
• On premise

By Regions:

• North America
• Europe
• Asia Pacific
• South America
• Middle East
• Africa