Learning Management System Market Size, Share & Trends Analysis Report By Application, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2025

The global learning management system market is expected to show appreciable growth over the forecast period on account of the growing adoption of the e-learning system. Cloud computing has emerged as a low-cost method of delivering online training programs to diverse demographics of employees. Corporate bodies are also implementing LMS to automate certain tasks such as record-keeping and employee registration. This system enables workers to use interactive features such as discussion forums, threaded discussions, online training, and video conferencing. The introduction of open source code has made the learning process affordable for educational as well as corporate organizations that are expected to drive the LMS market in the near future.

learning management systems market vendors have started providing mobile learning functionality to their LMS that can be accessed on smartphones. Additionally, social learning via offering tools such as Facebook is expected to be incorporated by the service providers over the forecast period. Introduction of the Tin Can API technology which is the next generation of SCORM (Sharable Content Object Reference Model) is expected to create significant opportunities in the LMS market. This can be attributed to factors such as the ability to track real-world performance, team-based e-learning, tracking learning plans, and e-learning in native mobile applications. However, customization feasibility and integration support may hamper market growth over the next six years.

The learning management systems market can be segmented by product into administration, collaboration, performance, student, and content management. On the basis of the end-use industry, the market is bifurcated into corporate and education. The corporate user segment further includes retail, healthcare, government, consulting services, and BFSI. Technological advancements observed in recent years have introduced the concept of Software as a Service (SaaS) delivery model, further accelerating LMS adoption within the developing framework. The deployment model segment includes SaaS and on-premise. The growing emphasis on continuous learning practices with changing business requirements and economic conditions is expected to drive the adoption of this technology through the forecast period.

North America is expected to dominate the market owing to increased collaborations between organizations and North American learning management systems providers within the forecast period. Major market vendors include Oracle, Netdimensions Ltd., Mcgraw-Hill Education, IBM Corporation, Cornerstone Ondemand, Inc., Blackboard Inc., and Automatic Data Processing, Inc.