What is the global market size of Learning Management Systems Market?

Global Learning Management Systems Market size was valued at USD 21.22 billion in 2021 and is poised to grow from USD 24.7 billion in 2022 to USD 96.89 billion by 2030, growing at a CAGR of 16.4% in the forecast period (2023-2030).

Who are the key vendors in the Global Learning Management Systems Market?

Key players are concentrating on the continuous development of their product portfolios through the use of advanced technologies. They are expanding their product portfolios to meet the demand for industry-specific and custom offerings. For instance, In May 2022, Class Technologies Inc. acquired Blackboard Inc., a well-known EdTech company that serves higher education, government clients, and businesses. With this acquisition, the company hopes to focus on providing creative resources to a variety of businesses while also accelerating innovation in its flagship learning management system. Similarly, strategic alliances, acquisitions, and collaborations would assist key players in increasing their Learning Management Systems Market share. 'Cornerstone OnDemand, Inc.', 'Blackboard Inc.', 'SAP SE', 'Adobe Inc.', 'Docebo Inc.', 'Instructure, Inc.', 'Moodle Pty Ltd', 'Saba Software, Inc.', 'D2L Corporation', 'IBM Corporation', 'Oracle Corporation', 'Edmodo', 'Schoology', 'Absorb LMS', 'TalentLMS', 'Litmos by SAP', 'G-Cube Solutions', 'iSpring Solutions Inc.', 'UpsideLMS', 'Epignosis LLC (eFront)'.

What is the key driver of Global Learning Management Systems Market?

The rise of 5G technology has resulted in significant changes in the cloud computing world. 5G's low latency connectivity allows for smoother communications and faster data transfers. 5G speeds up access to video analytics and artificial intelligence, making cities safer. This enables city managers, building owners, and facility managers to make more informed decisions and provide better public services. These factors are creating a lucrative growth opportunity for the global learning management market over the forecast period.

What is the key market trend for Global Learning Management Systems Market?

Due to the closure of educational institutes and universities around the world, the COVID-19 pandemic has had a positive impact on the learning management systems market, as customers have increased their use and adoption of online and digitalized learning methods. Consumers are increasingly preferring to learn online during the pandemic, which is driving massive growth in learning management systems. Furthermore, educational industries provide customers with learning management system options all over the world, allowing them to continue their educational degrees and improve digitalized learning in the market. As a result, during the global health crisis, this has become one of the major growth factors for the learning management system market.

Which region accounted for the largest share in Global Learning Management Systems Market?

In 2022, North America is expected to dominate the learning management systems market because of the growing ed-tech activities in the region. There are many colleges and universities in the United States. This factor would provide players with a huge opportunity to expand their businesses in this country. According to the EdSurge ed-tech funding database, in 130 deals in 2020, education technology startups in the United States invested USD 2.2 million in venture and private equity funding. The investment is roughly 30% higher than the previous year, USD 1.7 million was invested in year 2019. As a result, North America is a significant contributor to Learning Management Systems Market expansion.

Learning Management Systems Market Size, Share, Growth Analysis, By User Type(Academic, Enterprises), By Delivery Mode(Distance Learning, Instructor-led Learning, and Blended Learning), By Industry Vertical(Government & Education, Retail, Healthcare, IT & Telecom), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45F2111 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 92 | Figures: 76

Learning Management Systems Market Insights

Global Learning Management System Market size was valued at USD 33.47 Billion in 2022 poised to grow from USD 38.95 Billion in 2023 to USD 131.27 Billion by 2031, growing at a CAGR of 16.4% in the forecast period (2024-2031).

The LMS industry is expanding rapidly due to many reasons which are transforming at a global level education and training. The rapid digitization of industries and increasing demand for remote learning solutions have made LMS market an important facilitator for efficient and scalable learning experiences. The primary factor behind this growth in LMS markets is the need for digital learning solutions both in business as well as academic contexts. It utilizes blended learning models, interactive online courses and allows students to choose flexible modes of study in educational institutes across the globe.

In parallel, enterprises employ LMS answers to provide training classes, enhance employee’s skills and ensure compliance to industrial regulations. Moreover, the incorporation of pioneering technologies such as analytics, Machine Learninh and artificial intelligence (AI) has driven LMS sector. These tools supply valuable data on performance and involvement of students, make administrative work automatic and adjust the study environment according to individual needs. With the rising use mobile learning systems, workers can now easily find learning materials. The main players in the LMS arena are consistently innovating and expanding their offerings so as to stay ahead of competition. Their aim is to boost offerings while improving the user experience and platform functionalities through synergy agreements and mergers.

US Learning Management Systems Market is poised to grow at a sustainable CAGR for the next forecast year.

Learning Management Systems Market Report Snapshots

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Large industry players are heavily funding R&D in order to diversify their product offerings, which will encourage the Corporate Learning Management System to grow even more. Among other noteworthy industry trends, market players are attempting to broaden their reach by introducing new items, signing agreements, purchasing businesses, boosting investments, and collaborating with other institutions. Competitive firms in the learning management system market sector need to offer reasonably priced goods in order to survive and expand in a setting where there is intense competition and market expansion. 'Anthology (US) ', 'Moodle (Australia) ', 'Cornerstone OnDemand (US) ', 'D2L Corporation (Canada) ', 'Instructure Inc. (US) ', 'PowerSchool (US) ', 'IBM (US) ', 'Infor (US) ', 'Adobe (US) ', 'LTG (UK) ', 'Google (US) ', 'Oracle (US) ', 'SAP (Germany) ', 'Docebo (Canada) ', 'Learning Pool (UK) ', 'Absorb LMS (Canada)'

The adoption of Learning Management Systems (LMS) has accelerated across numerous sectors due to the growing acknowledgement of the efficiency of online learning methods and the necessity for remote education and training solutions. The fast growth of digital information, eBooks and also multimedia resources as well as the demands for tailor-made and flexible setting in which to learn have made strong learning management systems ever more essential today.

Rise of Mobile Learning Solutions in the LMS Market: A significant trend is the increased focus on mobile learning solutions. The rise of smartphones and tablets make students wish to access study materials faster and on their devices. Hence, LMS vendors are coming up with mobile-friendly platforms that serve as a one-stop shop for all learning needs regardless of the gadget used to access them.

The global learning management system market is dominated by North America for a number of reasons. This territory is acknowledged for its advanced tech framework, high internet access rate and attention to digital learning. Great allocations to EdTech along with massive support from educational bodies, and country initiatives that inspire e-learning have all helped North America attain its first place in this discipline. Its supremacy is also attributed to the existence of significant LMS providers, the region's emphasis on ongoing innovation in AI, personalized learning, and mobile accessibility. North America's dominance in the LMS market is further cemented by the expanding trend of remote and hybrid learning approaches.

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Learning Management Systems Market Insights

Learning Management Systems Market Report Snapshots

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What is the global market size of Learning Management Systems Market?

Who are the key vendors in the Learning Management Systems Market?

What is the key driver of Learning Management Systems Market?

What is the key market trend for Learning Management Systems Market?

Which region accounted for the largest share in Learning Management Systems Market?

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