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LMS Market by Component, Delivery Mode, Deployment Type, User Type, and Region - Global Forecast to 2025
DUBLIN, July 28, 2020 /PRNewswire/ -- The "LMS Market by Component (Solution and Services), Delivery Mode (Distance Learning, Instructor-Led Training and Blended Learning), Deployment Type, User Type (Academic and Corporate), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global LMS market size is expected to grow from USD 13.4 billion in 2020 to USD 25.7 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 14.0% during the forecast period.
The major growth drivers for the market are increasing the adoption of digital learning, growing inclination towards, Bring Your Own Device (BYOD) policy and enterprise mobility, extensive government initiatives for the growth of LMS, growing usage of Artificial Intelligence (AI) and Machine Learning (ML) in LMS is increasing the significance of eLearning in corporate and academic setups. However, low motivation and engagement by organizations may restrain market growth.
Cloud deployment type segment is estimated to constitute the largest market size during the forecast period
In the cloud-deployed LMS, services are hosted over the internet connection, and users can log into the service provider's site. Teachers or trainers can upload course content, create new courses, and interact with learners via their internet browsers to refrain from the installation of the required management software. Instructional designers can store any information on the cloud, and this can be remotely accessed by approved users in any location. This deployment mode is preferred for its features like better and enhanced security; lower setup costs; easy accessibility; quicker deployment; highly scalable; customizable; more storage space; ease of maintenance; automatic upgrade of course materials; and automatic licensing done by vendors.
In this form, the learning is delivered to the learner, anywhere and anytime via the browser. The adoption of cloud deployment type for LMS in the training and development structure is growing rapidly. Most of the vendors are switching from on-premises deployment mode to cloud-based solution. Cloud-based LMS providers are actively delivering continual innovation with security in priority. Some of the LMS cloud providers include SumTotal Systems, Docebo, SAP, Epignosis, ScholarLMS, and Expertus. The global market for cloud-based LMS solutions is expected to rise at a substantially high rate in the next 5 years.
Corporate user type segment is expected to grow at the highest CAGR during the forecast period
As businesses have become more competitive after the second wave of globalization, the importance of human resources has increased significantly over time and employee training and development has become a new norm. In various corporate organizations, industrial methods used for training and development are different. For instance, the success of a software and technology company largely depends upon the skill/ability of the employees in the organization. Skill and knowledge required in the software and technology companies change at a faster pace compared to other industries. Research and development also play a key role in software and technology companies. To keep improving the skills of the employees, LMS in the software and technology companies is of key importance.
Medical practitioners need to update their knowledge and skills to provide the latest treatment to the customers/patients. Keeping employees updated with new medical devices and pharmaceutical products is another key aspect of the training and development module in the healthcare sector. Advanced eLearning technologies like 3D images of internal organs and live interaction with experts have increased the effectiveness of the eLearning in the medical sector. The key skills training required in the retail industry is sales development, product training, leadership skills, product promotion, assertiveness, customer experience and care, retail recruitment, and communication. LMS in the retail industry usually focuses on areas, such as onboarding, compliance, sales skills, an product knowledge
APAC is estimated to grow at the highest CAGR during the forecast period
APAC is one of the major regions for software providers, as it covers a large terrestrial area and the education industry across the region is expected to flourish. It continues to experience rapid growth in all areas of technology. The LMS adoption has openly been implemented in this region and rapid growth in population and increasing economic development makes this region the fastest-growing market, internationally. Some countries in this region are among the most technologically developed, while others are weak in terms of adopting the latest technology.
The APAC region demonstrates a combination of high growth, emerging economies, and the mass adoption of mobile and internet technology. Many learning solution vendors are expanding their reach and exploring opportunities in the APAC region by offering personalized learning environment and catering to the fluctuating demands of the market. Vendors are offering a wide range of flexible solutions for social learning, mobile learning, and adaptive learning to provide a continuous learning environment.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Learning Management System Market
4.2 Learning Management System Market in North America, by User Type and Country
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Adoption of Digital Learning
5.2.1.2 Growing Inclination Toward BYOD Policy and Enterprise Mobility
5.2.1.3 Extensive Government Initiatives for Growth of LMS
5.2.1.4 Growing Use of AI and Ml in LMS
5.2.1.5 Increasing Significance of Elearning in Corporate and Academic Setups
5.2.2 Restraints
5.2.2.1 Low Motivation and Engagement to Adopt LMS Solutions
5.2.3 Opportunities
5.2.3.1 Increase in Demand for Gamification in LMS to Provide Opportunities for LMS Vendors
5.2.3.2 Rise in Cloud Adoption Among Organizations and Institutes to Motivate Learners to Adopt Web-Based LMS Solutions
5.2.3.3 Rapid Demand for Collaborative Learning in LMS to Provide Opportunities for Trainees
5.2.4 Challenges
5.2.4.1 Lack of Technical Support Post Implementation of LMS
5.2.4.2 Lack of Skilled Trainers and Instructors
5.3 Learning Management System Architecture
5.4 Industry Standards and Regulations
5.4.1 Aviation Industry Computer-Based Training Committee
5.4.2 Learning Tools Interoperability
5.4.3 Shareable Content Object Reference Model
5.4.4 Australian Education Act
5.4.5 Education Services for Overseas Students Act
5.4.6 Common Cartridge
5.4.7 Experience Application Programming Interface
5.5 Use Cases
5.5.1 Use Case 1: Cornerstone
5.5.2 Use Case 2: Blackboard
5.5.3 Use Case 3: Instrucutre Inc
5.5.4 Use Case 4: Disprz
5.6 Analysis of Covid-19 Impact on LMS Market Dynamics
5.6.1 Drivers and Opportunities
5.6.2 Restraints and Challenges
5.6.3 Cumulative Growth Analysis
6 Learning Management System Market, by Component
6.1 Introduction
6.1.1 Component: Learning Management System Market Drivers
6.1.2 Impact of Covid-19 on Learning Management System Market
6.2 Solution
6.2.1 Continuous Innovation in Elearning Tools
6.3 Services
6.3.1 Consulting Services
6.3.1.1 Rising Pressure on Organizations to Stay Competitive in their Respective Markets
6.3.2 Implementation Services
6.3.2.1 Need to Enable Enterprises to Customize, Implement, and Configure LMS to Match their Business Needs
6.3.3 Support Services
6.3.3.1 Overall Preference for Support Services to Increase
7 Learning Management System Market, by Delivery Mode
7.1 Introduction
7.1.1 Delivery Mode: Learning Management System Market Drivers
7.1.2 Impact of Covid-19 on Learning Management System Market
7.2 Distance Learning
7.2.1 Teachers or Instructors to Reach a Large Number of Students Using Distance Learning and Advanced Communication Media
7.3 Instructor-Led Training
7.3.1 Various Aspects of Instructor-Led Training in Organizations to Be Simplified Using Learning Management System
7.4 Blended Learning
7.4.1 Increased Need to Adopt Blended Learning
8 Learning Management System Market, by Deployment Type
8.1 Introduction
8.1.1 Deployment Type: Learning Management System Market Drivers
8.1.2 Impact of Covid-19 on Learning Management System Market
8.2 Cloud
8.2.1 Increasing Adoption of Cloud-Based Solutions
8.3 On-Premises
8.3.1 Higher Demand for Security
9 Learning Management System Market, by User Type
9.1 Introduction
9.1.1 User Type: Learning Management System Market Drivers
9.1.2 Impact of Covid-19 on Learning Management System Market
9.2 Academic
9.2.1 K-12
9.2.1.1 Increasing Awareness About K-12
9.2.2 Higher Education
9.2.2.1 Need to Simplify the Learning Process in Higher Education
9.3 Corporate
9.3.1 Software and Technology
9.3.1.1 Need to Continuously Improve Employees' Skillsets
9.3.2 Healthcare
9.3.2.1 Need to Keep Healthcare Staff Updated on the Latest Treatments Available and the Upgraded Pharma Products
9.3.3 Retail
9.3.3.1 Increasing Need to Bring Coordination Among Employees Working in Retail Stores
9.3.4 Banking, Financial Services, and Insurance
9.3.4.1 Need to Reduce the Cost of Compliance Management and Keep Employees Updated About New Technologies
9.3.5 Manufacturing
9.3.5.1 Need to Fulfil the Increasing Demand for Skilled Technicians
9.3.6 Government and Defense
9.3.6.1 Need to Provide Training for Employees
9.3.7 Telecom
9.3.7.1 Need to Enhance the Response of the Telecom Staff
9.3.8 Others
10 Learning Management System Market, by Region
10.1 Introduction
10.2 North America
10.3 Europe
10.4 Asia Pacific
10.5 Middle East and Africa
10.6 Latin America
11 Competitive Landscape
11.1 Competitive Leadership Mapping
11.1.1 Visionary Leaders
11.1.2 Innovators
11.1.3 Dynamic Differentiators
11.1.4 Emerging Companies
11.2 Competitive Leadership Mapping (Startups/SMEs)
11.2.1 Progressive Companies
11.2.2 Starting Blocks
11.2.3 Responsive Companies
11.2.4 Dynamic Companies
11.3 Key Developments
11.4 Competitive Scenario
11.4.1 Partnerships
11.4.2 New Product/Service Launches and Product Enhancements
11.4.3 Acquisitions
11.4.4 Business Expansions
12 Company Profiles
12.1 Introduction
12.2 Cornerstone On-demand
12.3 Blackboard
12.4 D2L
12.5 Adobe Systems
12.6 Crossknowledge
12.7 Oracle
12.8 SAP
12.9 Docebo
12.10 Powerschool
12.11 IBM
12.12 Epignosis
12.13 Pearson
12.14 Mcgraw-Hill
12.15 Sumtotal Systems
12.16 Absorb Software
12.17 Ispring Solutions
12.18 G-Cube
12.19 Lattitude Cg
12.20 Upside LMS
12.21 Paradiso
12.22 Skyprep
12.23 Knowledge Anywhere
12.24 Cypher Learning
12.25 Expertus
12.26 Growth Engineering
12.27 Learnupon
12.28 360 Learning
12.29 Mindscroll LMS
12.30 Looop
12.31 Thought Industries
12.32 Learning Pool
12.33 Zeus Learning
12.34 IMC Ag
12.35 Swissteach Ag
12.36 WBT Systems
12.37 Accord LMS
12.38 Infor
13 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/6f05t2
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