Global Next Gen LMS market for Higher Education 2017-2021
About Next Gen LMS for Higher Education
The education technology market can be broadly categorized into two segments, i.e. technological architecture and collaborative tools. Technological architecture comprises hardware, software, and services. The hardware segment consists of interactive whiteboards, interactive displays, educational PCs, and projectors. The software segment constitutes document management systems, classroom management systems, classroom collaboration systems, student information systems, classroom assessment scoring systems, student response systems, learning content management systems (LCMS), and learning management systems (LMS). Software services include digital interactive resources of imparting knowledge to students such as digital text, graphics, and audio-visual aids. Collaborative tools are supporting tools, which help in the enhanced coherent use of technology. Technavio’s analysts forecast the Global Next Gen LMS Market for Higher Education to grow at a CAGR of 31.70% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global next gen LMS market for higher education for 2017-2021. To calculate the market size, the report considers the revenue generated from the next gen LMS for the higher education sector.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Next Gen LMS Market for Higher Education 2017-2021
Technavio recognizes the following companies as the key players in the global next gen LMS market for higher education: D2L, Docebo, Growth Engineering, INSTRUCTURE, and Jenzabar.
Other Prominent Vendors in the market are: Blackboard, Edmodo, PowerSchool Learning, N2N Services, Saba Software, and Schoology.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing learning experiences using SMAC. Institutions across the globe are using social, mobile, analytics, and cloud (SMAC) to deliver a learning experience to students. SMAC employs technologies that are familiar to the students in everyday learning. Institutes are incorporating social media platforms such as Facebook and LinkedIn in their learning environment.”
According to the report, one driver in the market is need for cost-effective LMS for higher education. Colleges and universities are facing significant issues with existing LMS installations. They are struggling with outdated features and functionality issues along with the lack of support and high costs associated with traditional LMS. Institutions are looking to replace traditional LMS with software as a service (SaaS)-based LMS. In SaaS-based LMS, there is less total capital investment required with less implementation time. Although it requires a substantial backstage capital investment, institutions can reap long-term benefits.
Further, the report states that one challenge in the market is lack of operating expertise. The biggest problem associated with any next-gen LMS is the lack of skills and awareness to work with it. The recent developments in LMS have increased their complexity. Users face issues related to the proper use of LMS. For instance, next gen LMS come with social integration abilities. These features further complicate simple tasks such as searching for information in LMS. The majority of the users do not have adequate knowledge on systems’ functionalities. Though LMS are deployed by educational institutions for improving work, and the functionality of the organization, the lack of knowledge restricts them from achieving the desired results.
D2L, Docebo, Growth Engineering, INSTRUCTURE, Jenzabar, Blackboard, Edmodo, PowerSchool Learning, N2N Services, Saba Software, and Schoology.