Asia-pacific Learning Management System Market Forecast 2021-2028
The Asia-Pacific learning management system market is anticipated to register a CAGR of 19.17% over the forecasting years of 2021 to 2028. The region’s market growth is reinforced by key drivers, including the increasing investments in learning technology, the cultural importance given to education, the surging penetration of web-based learning modules and mobile e-learning platforms, and the rapid adoption of learning management systems for developing workforces across organizations.
The Asia-Pacific learning management system market growth assessment includes the analysis of South Korea, Indonesia, Japan, Singapore, Thailand, Australia & New Zealand, India, China, and the rest of the Asia-Pacific. South Korea continues to encourage technological innovation and involvement, relatively more than other counties. The online education scenario is highly favorable in South Korea since it presents one of the highest internet speeds globally, with nearly all regions, except rural areas, having internet connectivity. The country also witnesses significant enrollment numbers annually, with more students opting for online learning than securing admissions in regular educational facilities.
Thailand has a long-standing tradition of valuing education, with a high literacy rate, 12 years of free schooling, and a government that substantially invests within the industry. However, the educational system does not function as well as it must and lacks the resources allocated to achieving the desired outcomes. Furthermore, the rapidly aging population and the political instability across the nation greatly impact Thailand’s economy and educational system. Hence, these factors are set to propel the market growth in the Asia-Pacific over the forecast years.
Some of the chief players operating in the market are SAP SE, Blackboard, Oracle Corporation, etc.
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