About Next Gen LMS Market in Europe
A next-gen LMS is a software application used to plan, deliver, and manage the learning process. It uses web-based technology to manage, administer, track, report on the delivery, and evaluate the performance of participants. These are widely adopted by corporations and are increasingly popular among educational institutions, especially in the higher education sector. The substantial cost benefits and proven results of increased efficiency and productivity of employees have led many firms worldwide to completely replace traditional forms of learning with these LMSs. Next-gen LMSs have become important for organizations that have businesses in the global market. This is because they need to train their employees across different geographical locations through dynamic learning methods such as gamification.
Technavio’s analysts forecast the next-gen LMS market in Europe to grow at a CAGR of 27.48% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the next-gen LMS market in Europe for 2016-2020. To calculate the market size, the report considers revenue generated through the sales of next-gen LMS and related services for a fee or subscription.
The market is divided into the following segments based on end-user
Technavio Announces the Publication of its Research Report – Next Gen LMS Market in Europe 2016-2020
Technavio recognizes the following companies as the key players in the Next Gen LMS Market in Europe: Adobe Systems, Docebo, Expertus, and Growth Engineering.
Other Prominent Vendors in the market are: City & Guilds, Edmodo, Haiku Learning, Saba Software, and Schoology.
Commenting on the report, an analyst from Technavio’s team said: “As bring your own device (BYOD) policies are gaining popularity in learning environments, the need to access content and the ability to effectively use gadgets to learn and interact is getting stronger. In Europe, at an institution level where BYOD policy and LMS is implemented, close to 70% of students access LMS from their mobile devices. Reliance on LMS from these devices is for both learning and administrative purposes.”
According to the report, users have consistently found it challenging to merge different types of content under one platform. As a result, in most cases, there is a lack of relevant data available and the learning process is incomplete, which deviates the learner from their learning goals. LMS is also used to manage and track the relevant courses instead of content. Learners are seeking options for easy accessibility to updated and large sources of content to support their learning needs.
Further, the report states that some educational institutions lack proper IT infrastructure restricts, which restricts them from adopting evolving technologies and smart ways of learning.
Adobe Systems, Docebo, Expertus, and Growth Engineering, City & Guilds, Edmodo, Haiku Learning, Saba Software, Schoology.