Learning Management System (LMS) Market Insights, 2019-2025: Distance Learning to Dominate Market
DUBLIN, Dec. 13, 2019 /PRNewswire/ -- The "Learning Management System (LMS) Market by Product Offering (Solutions, Services), User Group (Education, Corporate), Delivery Mode (Distance Learning, Instructor-led Learning), Deployment Type (Cloud, On-Premise), and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global learning management system market is expected to grow at a CAGR of 20.5% from 2019 to 2025 to reach $28.1 billion by 2025.
A learning management system (LMS) is a software application for the administration, documentation, tracking, reporting, and delivery of educational courses, training programs, or learning and development programs. The growth in the learning management system market is fuelled by several factors, such as increasing adoption & proliferation of e-learning industry, extensive government initiatives towards growth of LMS, and growing inclination towards bringing your own device (BYOD) policy. However, lack of skilled trainers and instructors and high cost of implementation are the major restraining factors hindering the market growth.
An in-depth analysis of the geographical scenario of the market provides detailed qualitative and quantitative insights about the LMS markt across five regions, including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In 2019, North America region is estimated to command the largest share of the global learning management system market, followed by Europe and Asia Pacific. The large share of North America is mainly attributed to technological advancements in the learning methodologies in this region, availability of developed internet infrastructure, high adoption of technology, and presence of majority of established learning management system players and start-ups in the region. The increased usage of smartphones and internet services is further supporting the growth of the LMS market across these regions.
Key players operating in the global learning management system market are Cornerstone OnDemand (U.S.), SAP SE (Germany), McGraw Hill Education (U.S.), Skillsoft (U.S.), D2L Corporation (Canada), MPS Interactive (India), Adobe, Inc. (U.S.), Docebo (Canada), Saba Software (Canada), Blackboard (U.S.), Pearson (U.K), Epignosis (U.S.), IBM (U.S), Oracle Corporation (U.S.), and Absorbs Software LLC (Canada), among others.
Key Topics Covered
For more information about this report visit https://www.researchandmarkets.com/r/100r0j
Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.
Research and Markets
SOURCE Research and Markets
Smarter Strategies for IoT Deployment