Global Learning Management System Market 2018-2022
About Learning Management System
The global learning management systems market for the corporate sector is expected to witness a steady growth during the forecast period. The increased need for a centralized distribution system along with the requirement of a cost-effective solution to manage the company's operations and support various systems such as the enterprise resource planning (ERP), knowledge management system (KMS), and other support systems have fueled the market growth. Corporate LMS is used by companies to impart corporate training through a range of online training courses and to reduce the operating cost of training an employee. Using LMS, corporates can provide online courses to their employees and also monitor their progress remotely.
Technavio’s analysts forecast the global learning management system market to grow at a CAGR of 27.17% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global learning management system market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Learning Management System Market 2018-2022
Technavio recognizes the following companies as the key players in the global learning management system market: Blackboard, Cornerstone OnDemand, Docebo, Desire2learn, Oracle, and SAP.
Other Prominent Vendors in the market are: Instructure, Pearson, Schoology, and Skillsoft.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing popularity of cloud-based LMS. Due to the advent of advanced technologies, there has been a heavy emphasis on the increased adoption of cloud-based LMS. As a result, many traditional LMS providers are switching to cloud-based LMS. Cloud-based LMS eliminates the need for any servers on the organization's premise and is generally hosted on the LMS providers' servers. The purchase of cloud-based LMS is generally subscription-based, therefore resulting in a low initial cost.”
According to the report, one driver in the market is adoption of NGDLE in the academic sector. One of the primary drivers for the growth of the market is the implementation of cost-effective learning and development programs. As a result, both educational institutions and corporate organizations are increasingly opting for next-generation digital learning environment (NGDLE). NGDLE helps organizations develop effective learning programs resulting in high efficiency in executing tasks and better retention rates of employees. LMS is one of the components in NGDLEs, which not only provides a centralized leaming environment but also helps support the pedagogical model of teaching in schools, colleges, and corporates.
Blackboard, Cornerstone OnDemand, Docebo, Desire2learn, Oracle, SAP, Instructure, Pearson, Schoology, and Skillsoft.