Learning management system is software application which provides infrastructure, tools and context to provide e-learning and training solutions to the organizations and its learners. The learning management system has increase rapidly from the previous years and is estimated to be the growing technology in software industry.
The major factor that drives the growth of learning management system market is increasing e-learning industry, growing cloud computing market, and increasing demand for cost-effective training solution by industries among others.
Globally the market for learning management system market is expected to grow at the rate of more than ~22% from 2016 to 2022.
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Key Players for learning Management System Market:
Some of the major players in Global learning management system Market includes Edmodo (California), Blackboard, Inc. (U.S.), IBM corporation (U.S.), SAP SE (Germany), Xerox corporation (U.S.), Oracle Corporation (U.S.), McGraw-Hill Education (U.S.), Cornerstone On demand, Inc. (U.S.), D2L Corporation (Canada), and Saba Software, Inc. (U.S.) among others.
Learning Management System Market – Segmentation
The Global Learning Management System Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation By Services: Comprises content management, Performance management, administration, communication & collaboration among others.
- Segmentation By Deployment: Comprises Cloud and on-premise.
- Segmentation By Application: Comprises Corporate, and academics among others.
- Segmentation By Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
Regional Analysis of Learning management system Market:
North-America is dominating the global learning management system market with the largest market share due to increasing awareness and growing adoption of learning management system by organizations and therefore is expected to grow with highest revenue by 2022 followed by Europe. Asia-Pacific is the fastest growing region for learning management system market due to increasing demand by organization for cost-effective learning system to train their employees which would give better ROI in the future.
Industry/ Innovation/ Related News:
Jan 21, 2016: Blackboard, Inc. had announced for deploying its flagship learning management system and Software-as-a-Service (SaaS). With this announcement, the company is offering Learn Software-as-a-Service Plus and Blackboard Learn Software-as-a-Service Advantage for the higher education institutions in the United States. The company is availing the learning management system along with zero-downtime upgrades, higher quality through continuous delivery, new services innovation, and increased scalability.
July 13, 2016 – McGraw-Hill Education has announced learning platform with canvas learning management system that makes teaching and learning easier for educators and students. With this platform, it would be easier for the companies to connect with the student digitally and deliver the content and adaptive learning to them. This will improve the learning experience for all students.
September 29, 2016 : Expii, Inc. and Edmodo went into the strategic agreement for providing personalised interactive learning to the students and free application that offers personalized learning recommendations. By this agreement, the companies are making content accessible to the users for their learning experience.
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- Hardware and software service providers
- Education sector
- System administrators
- Network service providers
- Corporate training
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