The Global Learning Management Systems Market to be Driven by Growing Demand for Digital Platforms During the Forecast Period 2021-2026
Expert Market Research’s new report titled “Global learning management systems market Report and Forecast 2021-2026′, gives an in-depth analysis of the global learning management system market, assessing the market based on its segments such as component, mode of deployment, mode of delivery, size of organization, end use and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-2026): 20%
- Projected market size (2026): 30 billion USD
The growth of the market is increasing significantly as the major players create growing competition and continuously expand their platform. Industry is witnessing a surge in adoption of digital platforms with the onset of the COVID-19 pandemic, universities and educational institutions seek to improve their learning methods and provide access to home education. The many benefits of these digital platforms are gaining popularity as they enhance the growth rate over the forecast period. The easy implementation of these systems helps in the growth of the industry market. Moreover, the market is expanding rapidly with increasing investments in services and solution components.
Industry definition and major segments
Learning management systems are software applications that exist as an online education platform. The system has built-in functionality that can track, evaluate, report, and administer training courses. The main goal of the system is to make educational systems accessible to students, teachers and anyone who wants to learn or teach with ease and tools to do so. The growing popularity of these systems is attributed to the wide range of applications supported by the system, such as visual and audio content, learning materials, assessment components, and documentation, among many others. The system also emphasizes feedback for improvement and encourages students and teachers to continuously develop.
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On the basis of components, the market is split into:
Based on deployment mode, the market is segmented into:
By Delivery Mode, the market is split into:
- Distance learning
- blended learning
- Infrastructure-led learning
With respect to organization size, the market is split into:
- Large companies
- Small and medium-sized enterprises (SMEs)
In terms of end use, the market is categorized as follows:
- Higher Education
Regional markets for the product include the following:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The learning management system market is set to explode as major players use AI tools to enhance their platform. Introducing gamification tools helps platforms keep their user engaged, entertained and interested throughout the process. The growing motivation due to these tools is dramatically increasing the market growth of the industry. The growing emphasis on user-specific platforms to increase the customer base and improve the platform is contributing to the growth rate of the learning management system industry. Specialized platforms that cater to multiple universities and institutions on a single platform are expected to have a favorable impact on the market.
Main market players
Major market players are Sumtotal Systems LLC, TalentLMS, Adobe Inc., Blackboard Inc., SAP SE, Think & Learn Pvt. Ltd, Imc AG, Agylia Group Ltd and Neovation Corporation, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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