Learning Management System Market - Global Industry Analysis

Learning Management System Market By Component (Solutions and Services), Delivery Mode (Distance Learning, Instructor-led Training, and Blended Learning), Deployment (Cloud and On-Premises), User Type (Academic and Corporate), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 02-Mar-2022 Category: Technology & Media Report Format : PDF Pages: 150 Report Code: ZMR-729 Status : Published

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Description

Industry Prospective:

The global learning management system market was worth around USD 14.9 billion in 2021 and is estimated to grow to about USD 43.6 billion by 2028, with a compound annual growth rate (CAGR) of approximately 18.4 percent over the forecast period. The report analyzes the Learning Management System market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the Learning Management System market.

Learning Management System Market: Overview

A learning management system (LMS) is a software solution used to organize, track, analyze, automate, and provide educational courses, train programmers, and learning & development programmers. The notion of a learning management system arose straight from e-Learning. The largest section of the learning system market is learning management systems. In the late 1990s, the LMS was initially introduced. Due to the emphasis on remote learning during the COVID-19 epidemic, learning management systems have seen a tremendous increase in usage.

COVID-19 Impact:

Due to the COVID-19 outbreak, some governments have implemented stringent lockdowns, shutdowns, and movement restrictions in order to prevent the virus from spreading. Strict lockdowns, border closures, and supply chain worries functioned as barriers to deploying LMS systems on-site. However, such restrictions triggered an urgent need for remote learning, this is why LMS systems gained a high demand in 2020. Also, the commercialization of LMS is projected to result in significant market growth. The pandemic has caused companies to rethink their strategy and place a greater emphasis on solid network connectivity in order to recover consumers' trust.

Learning Management System Market: Growth Drivers

Increasing acceptance of cloud-based LMS solutions is likely to boost the market growth

Businesses and educational institutions are in demand to observe and track their employees' or students' learning progress to improve the overall output. Traditional methods of measuring learners' progress, such as collecting questionnaires manually or using a survey tool, are wasteful and incorrect. Manual surveys have a number of drawbacks, including time consumption, poor response rates, a lack of reference or standards, and the chance of wrong responses. Organizations are unable to adequately track the efficacy of their initiatives due to time constraints and a lack of suitable assessment tools. Due to such drawbacks with traditional tracking systems, companies and institutes are adopting cloud-based LMS solutions, besides additional benefits such as low-cost investments with cloud platforms and accessibility of data at any time period at any location making cloud-based LMS a better choice for investors.

Global Learning Management System Market

Learning Management System Market: Restraints

Dearth of performance tracking and ROI measurement may hamper the market growth

LMS suppliers are continuously seeking to add new technology to improve their products as the popularity of LMS systems grows. With more images & less text, more interesting themes & expressions, a focus on virtual immersion learning, and eventually, gamification to engage E-learners, LMS solutions enable instructors to adapt to declining attention spans. Artificial Intelligence (AI) may be used to build an AI-based mentor that can assist students in understanding ideas, recommending courses, and providing comments to help them better their grades. Other technologies, such as data analysis, assess students' mental processes and learning styles based on their everyday interactions, allowing them to give personalized courses and a personalized learning experience for them.

Report Scope:

Report Attribute	Details
Base Year	2020
Historic Years	2016 - 2020
Forecast Years	2021 - 2028
Segments Covered	By Product Type, By Application, and By End Use
Forecast Units	Value (USD Billion), and Volume (Units)
Quantitative Units	Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered	U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered	10 companies with scope for including additional 15 companies upon request
Report Coverage	Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope	Avail customized purchase options to meet your exact research needs.

Learning Management System Market: Opportunities

Software advancements in LMS technologies likely offer better growth opportunities

The development of 5G technology has wreaked havoc on the cloud computing industry. 5G's low latency connectivity allows for quicker data transfers and smoother conversations. 5G speeds up access to video analytics and artificial intelligence, making the city a safer place. This allows municipal administrators, building owners, and facility managers to make better decisions and deliver better public services. The entire revolutionary potential of 5G has yet to be realized, and this presents a significant growth opportunity for the LMS industry.

Learning Management System Market: Challenges.

Need for technical training for teachers and instructors

Most instructors who are used to traditional lecture delivery methods face obstacles in adopting approaches such as course design, assignment preparation, assessment & evaluation, online material distribution, and collaboration. This is an issue encountered by educational establishments and instructors all over the world, and it is not restricted to any one area or location.

Learning Management System Market: Segmentation

The global learning management system market is bifurcated based on components, delivery mode, deployment, user type, and region. By component, the market is categorized into solutions and services. The delivery mode segment of the market is bifurcated into distance learning, blended learning, and instructor-led training. Among these, the distance learning segment accounts for a large share in the overall market. By deployment, the market is split into cloud and on-premises. The user type segment of the global learning management system is divided into corporate and academic.

Recent Developments

In October 2020, Blackboard Reach, launched the company's latest solution for K-12 institutions. The goal of the solution was to make it easier for parents to communicate with instructors and have meaningful, in-person conversations.
Instructure collaborated with Amazon Web Services (AWS) in August 2020 to provide educators with significant cloud computing teaching tools. Users would be able to access materials from AWS Educate in Canvas thanks to Instructure.
Cornerstone purchased Saba in April 2020, a worldwide supplier of talent experience solutions. Cornerstone was able to expedite innovation and expand its capabilities to serve a bigger, more diversified range of clients as a result of this purchase.

Regional Landscape

Asia Pacific LMS market is expected to expand rapidly in the next years. The use of video conferencing solutions in the area is being driven by government measures to improve digital infrastructure. Increased growth possibilities in the APAC region are due to the fast use of different LMS solutions by several businesses in emerging economies. Countries such as India, China, and Japan are significantly contributing to market development in the region. Furthermore, the region has the largest student population, and with the advancement of technology, the need for E-learning and distance education is expected to increase. This propels the LMS market to satisfy a wide range of educational needs in the APAC region, comprising China, Australia, New Zealand, Japan, India, and Singapore.

Competitive Landscape

Key players operating in the global learning management system market include Blackboard, Cornerstone OnDemand, SAP, Adobe, PowerSchool, Instructure, D2L, SumTotal, LTG, IBM, Oracle, Infor, and Docebo.

Global learning management system market is segmented as follows:

By Component

Solutions
Services

By Delivery Mode

Distance Learning
Instructor-led Training
Blended Learning

By Deployment Type

Cloud
On-premises

By User Type

Academic
Corporate

By Region

North America
- The U.S.
- Canada
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa

Table Of Content

Chapter 1. Preface
- 1.1. Report description and scope
- 1.2. Research scope
- 1.3. Research methodology
  - 1.3.1. Market research process
  - 1.3.2. Market research methodology
Chapter 2. Executive Summary
- 2.1. Global learning management system market, 2016 - 2022, (USD Billion)
- 2.2. Learning management system market: Market snapshot
Chapter 3. Global Learning Management System Market – Industry Analysis
- 3.1. Learning management system market: Market dynamics
- 3.2. Market Drivers
  - 3.2.1. Increasing adoption of digital learning among corporate and academic sector.
- 3.3. Restraints
  - 3.3.1. Lack of integration in using LMS functionality
- 3.4. Opportunity
  - 3.4.1. Technological development and continuous innovation in e-learning
- 3.5. Porter’s Five Forces Analysis
- 3.6. Market Attractiveness Analysis
  - 3.6.1. Market attractiveness analysis by delivery mode segment
  - 3.6.2. Market attractiveness analysis by user type segment
  - 3.6.3. Market attractiveness analysis by application segment
  - 3.6.4. Market attractiveness analysis by regional segment
Chapter 4. Global Learning Management System Market - Competitive Landscape
- 4.1. Company market share analysis, 2016 (Subject to data availability)
Chapter 5. Global Learning management system market –Delivery Segment Analysis
- 5.1. Global learning management system market revenue share, by delivery, 2016 & 2022
- 5.2. Global learning management system market by distance learning, 2016-2022(USD Billion)
- 5.3. Global learning management system market by instructor-led training, 2016-2022(USD Billion)
- 5.4. Global learning management system market by others, 2016-2022 (USD Billion)
Chapter 6. Global Learning management system market –Deployment Segment Analysis
- 6.1. Global learning management system market revenue share, by deployment, 2016 & 2022
- 6.2. Global learning management system market by academic, 2016-2022(USD Billion)
- 6.3. Global learning management system market by corporate, 2016-2022(USD Billion)
Chapter 7. Global Learning management system market – Vertical Segment Analysis
- 7.1. Global learning management system market revenue share, by deployment, 2016 & 2022
- 7.2. Global learning management system market by BFSI,2016-2022(USD Billion)
- 7.3. Global learning management system market by healthcare, 2016-2022(USD Billion)
- 7.4. Global learning management system market by retail, 2016-2022(USD Billion)
- 7.5. Global learning management system market by government, 2016-2022(USD Billion)
- 7.6. Global learning management system market by telecom& IT, 2016-2022(USD Billion)
- 7.7. Global learning management system market by others, 2016-2022(USD Billion)
Chapter 8. Global Learning management system market – Application Segment Analysis
- 8.1. Global learning management system market revenue share, by application, 2016 & 2022
- 8.2. Global learning management system market for content management, 2016-2022(USD Billion)
- 8.3. Global learning management system market for performance management, 2016-2022(USD Billion)
- 8.4. Global learning management system market for communication and collaboration, 2016-2022(USD Billion)
- 8.5. Global learning management system market for others, 2016-2022(USD Billion)
Chapter 9. Global Learning Management System Market - Regional Analysis
- 9.1. Global learning management system market: Regional overview
  - 9.1.1. Global learning management system market revenue share, by region, 2016 and 2022
- 9.2. North America
  - 9.2.1. Learning management system market revenue, by delivery mode, 2016 – 2022 (USD Billion)
  - 9.2.2. North America learning management system market revenue, by user type, 2016 – 2022 (USD Billion)
  - 9.2.3. North America learning management system market revenue, by vertical, 2016 – 2022 (USD Billion)
  - 9.2.4. North America learning management system market revenue, by application, 2016 – 2022 (USD Billion)
- 9.3. Europe
  - 9.3.1. Europe learning management system market revenue, by delivery mode, 2016 – 2022 (USD Billion)
  - 9.3.2. Europe learning management system market revenue, by user type, 2016 – 2022 (USD Billion)
  - 9.3.3. Europe learning management system market revenue, by vertical, 2016 – 2022 (USD Billion)
  - 9.3.4. Europe learning management system market revenue, by application, 2016 – 2022 (USD Billion)
- 9.4. Asia Pacific
  - 9.4.1. Asia Pacific learning management system market revenue, by delivery mode, 2016 – 2022 (USD Billion)
  - 9.4.2. Asia Pacific learning management system market revenue, by user type, 2016 – 2022 (USD Billion)
  - 9.4.3. Asia Pacific learning management system market revenue, by vertical, 2016 – 2022 (USD Billion)
  - 9.4.4. Asia Pacific learning management system market revenue, by application, 2016 – 2022 (USD Billion)
- 9.5. Latin America
  - 9.5.1. Latin America learning management system market revenue, by delivery mode, 2016 – 2022 (USD Billion)
  - 9.5.2. Latin America learning management system market revenue, by user type, 2016 – 2022 (USD Billion)
  - 9.5.3. Latin America learning management system market revenue, by vertical, 2016 – 2022 (USD Billion)
  - 9.5.4. Latin America learning management system market revenue, by application, 2016 – 2022 (USD Billion)
- 9.6. Middle East & Africa
  - 9.6.1. Middle East & Africa learning management system market revenue, by delivery mode, 2016 – 2022 (USD Billion)
  - 9.6.2. Middle East & Africa learning management system market revenue, by user type, 2016 – 2022 (USD Billion)
  - 9.6.3. Middle East & Africa learning management system market revenue, by vertical, 2016 – 2022 (USD Billion)
  - 9.6.4. Middle East & Africa learning management system market revenue, by application, 2016 – 2022 (USD Billion)
Chapter 10. Company Profiles
- 10.1. Blackboard Inc.
  - 10.1.1. Overview
  - 10.1.2. Financials
  - 10.1.3. Product portfolio
  - 10.1.4. Business strategy
  - 10.1.5. Recent developments
- 10.2. IBM Corporation
  - 10.2.1. Overview
  - 10.2.2. Financials
  - 10.2.3. Product portfolio
  - 10.2.4. Business strategy
  - 10.2.5. Recent developments
- 10.3. Cornerstone Ondemand, Inc.
  - 10.3.1. Overview
  - 10.3.2. Financials
  - 10.3.3. Product portfolio
  - 10.3.4. Business strategy
  - 10.3.5. Recent developments
- 10.4. IST AB
  - 10.4.1. Overview
  - 10.4.2. Financials
  - 10.4.3. Product portfolio
  - 10.4.4. Business strategy
  - 10.4.5. Recent developments
- 10.5. ACS Technologies Group, Inc.
  - 10.5.1. Overview
  - 10.5.2. Financials
  - 10.5.3. Product portfolio
  - 10.5.4. Business strategy
  - 10.5.5. Recent developments
- 10.6. McGraw-Hill Education
  - 10.6.1. Overview
  - 10.6.2. Financials
  - 10.6.3. Product portfolio
  - 10.6.4. Business strategy
  - 10.6.5. Recent developments
- 10.7. Oracle Corporation
  - 10.7.1. Overview
  - 10.7.2. Financials
  - 10.7.3. Product portfolio
  - 10.7.4. Business strategy
  - 10.7.5. Recent developments
- 10.8. Saba Software, Inc.
  - 10.8.1. Overview
  - 10.8.2. Financials
  - 10.8.3. Product portfolio
  - 10.8.4. Business strategy
  - 10.8.5. Recent developments
- 10.9. SAP SE
  - 10.9.1. Overview
  - 10.9.2. Financials
  - 10.9.3. Product portfolio
  - 10.9.4. Business strategy
  - 10.9.5. Recent developments
- 10.10. Upside Learning Solutions Pvt. Ltd.
  - 10.10.1. Overview
  - 10.10.2. Financials
  - 10.10.3. Product portfolio
  - 10.10.4. Business strategy
  - 10.10.5. Recent developments
- 10.11. Skillsoft Limited
  - 10.11.1. Overview
  - 10.11.2. Financials
  - 10.11.3. Product portfolio
  - 10.11.4. Business strategy
  - 10.11.5. Recent developments
- 10.12. Instructure, Inc.
  - 10.12.1. Overview
  - 10.12.2. Financials
  - 10.12.3. Product portfolio
  - 10.12.4. Business strategy
  - 10.12.5. Recent developments

Table Of Figures

List of Figures

1. Global learning management system market segmentation by delivery mode, user type, vertical, application and geography
2. Global learning management system market, 2016 - 2022 (USD Billion)
3. Porter’s five forces analysis: Learning management system market
4. Global learning management system market attractiveness, by delivery mode, 2016
5. Global learning management system market attractiveness, by user type, 2016
6. Global learning management system market attractiveness, by vertical, 2016
7. Global learning management system market attractiveness, by application, 2016
8. Global learning management system market attractiveness, by region, 2016
9. Global learning management system market revenue share, by delivery mode,2016&2022
10. Global learning management system market distance learning, 2016-2022(USD Billion)
11. Global learning management system market by instructor-led training, 2016-2022(USD Billion)
12. Global learning management system market revenue share, by delivery mode,2016&2022
13. Global learning management system market by academic, 2016-2022(USD Billion)
14. Global learning management system market by corporate, 2016-2022(USD Billion)
15. Global learning management system market revenue share, by vertical, 2016&2022
16. Global learning management system market by BFSI, 2016-2022(USD Billion)
17. Global learning management system market by retail, 2016-2022(USD Billion)
18. Global learning management system market by telecom & IT, 2016-2022(USD Billion)
19. Global learning management system market by healthcare, 2016-2022(USD Billion)
20. Global learning management system market by others, 2016-2022(USD Billion)
21. Global learning management system market revenue share, by application2016&2022
22. Global learning management system market for content management,2016-2022(USD Billion)
23. Global learning management system market for performance management, 2016 – 2022 (USD Billion)
24. Global learning management system market for communication and collaboration,2016 – 2022 (USD Billion)
25. Global learning management system market for others,2016 – 2022 (USD Billion)
26. Global learning management system market revenue share, by region, 2016 - 2022
27. North America learning management system market, 2016 - 2022, (USD Billion)
28. Europe learning management system market, 2016 - 2022, (USD Billion)
29. Asia Pacific learning management system market, 2016 - 2022(USD Billion)
30. Latin America learning management system market, 2016-2022(USD Billion)
31. Middle East & Africa learning management system market, 2016–2022, (USD Billion)

Table Of Tables

List of Tables
?
1. Global learning management system market snapshot
2. Drivers for learning management system market: Impact analysis
3. Restraints of learning management system market: Impact analysis
4. North America learning management system market revenue, by delivery mode, 2016 – 2022 (USD Billion)
5. North America learning management system market revenue, by user type, 2016 – 2022 (USD Billion)
6. North America learning management system market revenue, by vertical, 2016 – 2022 (USD Billion)
7. North America learning management system market revenue, by application, 2016 – 2022 (USD Billion)
8. Europe learning management system market revenues, by delivery mode, 2016 – 2022 (USD Billion)
9. Europe learning management system market revenue, by user type, 2016 – 2022 (USD Billion)
10. Europe learning management system market revenue, by vertical, 2016 – 2022 (USD Billion)
11. Europe learning management system market revenue, by application, 2016 – 2022 (USD Billion)
12. Asia-Pacific learning management system market revenue, by delivery mode, 2016 – 2022 (USD Billion)
13. Asia-Pacific learning management system market revenue, by user type, 2016 – 2022 (USD Billion)
14. Asia-Pacific learning management system market revenue, by vertical, 2016 – 2022 (USD Billion)
15. Asia-Pacific learning management system market revenue, by application, 2016 – 2022 (USD Billion)
16. Latin America learning management system market revenue, by delivery mode, 2016 – 2022 (USD Billion)
17. Latin America learning management system market revenue, by user type, 2016 – 2022 (USD Billion)
18. Latin America learning management system market revenue, by vertical, 2016 – 2022 (USD Billion)
19. Latin America learning management system market revenue, by application, 2016 – 2022 (USD Billion)
20. Middle East & Africa learning management system market revenue, by delivery mode, 2016 – 2022 (USD Billion)
21. Middle East & Africa learning management system market revenue, by delivery mode, 2016 – 2022 (USD Billion)
22. Middle East & Africa learning management system market revenue, by user type, 2016 – 2022 (USD Billion)
23. Middle East & Africa learning management system market revenue, by vertical, 2016 – 2022 (USD Billion)
24. Middle East & Africa learning management system market revenue, by application, 2016 – 2022 (USD Billion)

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Learning Management System market. Zion Research has collected and analyzed key data belong to the global Learning Management System market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Learning Management System across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Learning Management System industry. Primary research makes up the major source of data collection and validation.

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
Helps in validating and strengthening the secondary research findings
Further, develops the analysis team’s expertise and market understanding
Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
Purchasing managers, technical personnel, distributors and resellers
Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
IDC and other relevant magazines
Internal and external proprietary databases, and relevant patent and regulatory databases
National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Learning Management System market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

Demographic data: Population split by segments
Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
Data is then cross-checked by an expert panel.

Free Analysis

Learning management system (LMS)is a software application for the administration, tracking, documentation, reporting, and delivery of electronic educational technology courses or training programs. Software used in e-Learning programs helps in administration, documentation, and recording. Learning management systems also help to maintain online collaboration over the internet.By learning management solutions, users can access the learning content and administration from remote locations at any time. Learning management system acts as a central hub of learning for distributed learners enabling training and information sharing in the complicated process of imparting knowledge.

The major drivers which are impelling the market growth of learning management systems are increasing adoption of digital learning among corporate and academic sector. Another factor like increased compatibility of mobile devices with learning management system will fuel the market growth. Many organizations are adopting an m-learning (mobile learning) system which allows user learning across multiple contexts such as social media and context interaction through personal electronics devices. However, lack of integration in using LMS functionality is major restraining factor of learning management system market. Nonetheless, technological advancement, continuous innovation in e-learning and delivery methods will propel the growth of learning management system market over the forecast period.

Global-Learning-Management-System-Market ?

Learning management system market is segmented by delivery mode, user type, vertical, application, and region. By delivery mode the market is segmented into distance learning, instructor- led training and others. User types of learning management systems market are academic and corporate. Corporate segment dominated the learning management system market across the globe due to continuous up gradation of the corporate sector in terms of technology. Replacing conventional system with LMS system to create digital learning such as video-based training and presentation is escalating the market growth of learning management system. By vertical, learning management system is bifurcated into BFSI, healthcare, telecom and IT, retail and others. Application wise the learning management system is segmented into performance management, communication, and collaboration, administration, and others.

North America is leading the learning management system market due to increased emphasis on digitalization in school and cost reduction policy adopted by a business organization to provide training to their employee. Europe and Asia Pacific are also anticipated to show significant growth due to the adoption of e-learning technology.

Major participants in learning management system market are Technologies Group, Inc., Blackboard Inc., Cornerstone Ondemand, Inc., ACS Oracle Corporation, IST AB, SAP SE, IBM Corporation, McGraw-Hill Education, Saba Software, Inc., Skillsoft Limited and Upside Learning Solutions Pvt. Ltd., among others.

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FrequentlyAsked Questions

Which key factors will influence learning management system market growth over 2022-2028?

Major factors increase in the necessity for training & education among professionals, growing acceptance of digital learning, as well as cloud services, are fostering the growth of the global market. Further, the increase in the incorporation of e-learning tools by industries especially, healthcare, BFSI as well as government sectors in order to enhance the efficiency of the workforce is adding up to the growth of the market.

What will be the value of the learning management system market during 2022-2028?

According to the Zion Market Research report, the global learning management system market was worth about 14.9 (USD billion) in 2021 and is predicted to grow to around 43.6 (USD billion) by 2028, with a compound annual growth rate (CAGR) of around 18.4 percent.

Which region will contribute notably towards the learning management system market value?

Asia Pacific LMS Market is expected to expand rapidly in the next years. The use of video conferencing solutions in the area is being driven by government measures to improve digital infrastructure. Increased growth possibilities in the APAC region are due to the fast use of different LMS solutions by several businesses in emerging economies. Countries such as India, China, and Japan are significantly contributing to market development in the region.