The global learning management system (LMS) market size is expected to grow from $13.46 billion in 2021 to $15.77 billion in 2022 at a compound annual growth rate (CAGR) of 17.1%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic. The LMS market is expected to reach $29.35 billion in 2026 at a CAGR of 16.8%.
What is the Global Learning Management System (LMS) Market?
The learning management system market consists of sales of learning management solutions and services by entities (organizations, sole traders, and partnerships) that is a software application or web-based platform which is used to design, execute, and evaluate a learning procedure. LMS is frequently used by businesses of all sizes, national government agencies, local governments, traditional educational institutions and online or eLearning-based institutions.
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What drives the Global Learning Management System (LMS) Market?
The increasing adoption of e-learning is expected to drive the growth of learning management system (LMS) market in the coming years. E-learning is a learning approach that is based on formalized instruction but uses digital tools. Due to COVID-19 pandemic, many schools, colleges, and universities were forced to close in order to contain the virus. As a result, education systems embraced e-learning to assist students’ study from a distance during the epidemic. For instance, according to the Online Learning Statistics report in 2021, mobile e-learning reached $38 billion in 2020 and e-learning platform has been used by 80% of businesses and 50% of institutional students. Therefore, the increasing adoption of e-learning propels the growth of learning management system market.
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Global Learning Management System (LMS) Market Segments
The global learning management system market is segmented:
By Component: Solution, Services
By Delivery Mode: Distance Learning, Instructure LED Training, Blended Training
By Deployment Mode: Cloud, On-Premises
By End User: Academic, Corporate
By Geography: The regions covered in TBRC’s LMS market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global LMS market.
Learning Management System (LMS) Global Market Report 2022provides market size and growth forecasts for the global learning management system market, global LMS market share, LMS market segments and geographies, LMS market competitive landscape including leading competitors’ revenues, profiles and market shares. The learning management system market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Learning Management System (LMS) Industry Playersinclude McGraw Hill Education, D2L, SAP SE, Docebo, Absorb LMS, Blackboard Inc, Cornerstone OnDemand, Oracle corporation, IBM corporation, Pearson, PowerSchool, Epignosis, Skillsoft, Aptara Inc., Articulate, Schoology, Tata Interactive Systems, Netdimensions Ltd., MPS Interactive, Adobe Inc., CrossKnowledge, SumTotal Systems, and TalentLMS. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.
