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
