LMS Market in APAC 2018-2022
Learning management system (LMS) is a software application that facilitates documentation, administration, tracking, reporting, and delivering ofeducational courses or training programs.
Technavio’s analysts forecast the LMS market in APAC to grow at a CAGR of 29.35% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the LMS market in APAC for 2018-2022. To calculate the market size, the report considers the revenue generated by the type of LMS deployment, including on-premise and cloud-based, in different countries in APAC.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – LMS Market in APAC 2018-2022
Technavio recognizes the following companies as the key players in the LMS market in APAC: Blackboard, Cornerstone OnDemand, D2L (Desire2Learn), Docebo, Oracle, and SAP
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the integration of gamification in the learning management software. The integration of gamification in LMSs motivates individuals in the academic and corporate sectors to engage and actively participate in the learning process. The adoption of learning games benefit global companies by ensuring an increased employee retention. Learners greatly profited from gamification as it helps them in real-world circumstances to make quick informed decisions.”
According to the report, one of the major drivers for this market is the cost-effectiveness of the LMS solution. The learning management system (LMS) is gaining popularity in both academic and corporate end-user segments because they are considered as a cost-effective one-stop solution. LMS system minimizes the operating costs associated with centralized learning. MNCs are increasingly adopting cost-effective LMS solutions because it enables them to manage their employee training programs efficiently by training their resources through a web-based environment, that saves time.
Further, the report states that one of the major factors hindering the growth of this market is Rising budgetary concerns. Many organizations and educational institutions across APAC allocate significant budgets for implementing advancing technology with the existing system for better productivity. Corporations with significant economies of scales encourage heavy investments in installing LMSs in existing systems. However, companies with limited budgets may not be able to invest heavily in the implementation as well as maintenance of LMSs, causing hindrance to the market growth. In addition, there are many hidden costs associated with implementing LMSs. This results in organizations continuing to prefer conventional systems over the new LMSs.
Blackboard, Cornerstone OnDemand, D2L (Desire2Learn), Docebo, Oracle, and SAP
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook