Corporate LMS Market Overview:
A learning management system (LMS) is a software application for the administration, documentation, tracking, summarizing, and delivery of educational programs or training programs. Learning management system is a concept arising directly from e-Learning.
Learning management systems help the tutor deliver material to the students, administer quizzes and other assignments, track student progress, and maintain record-keeping. They are focused on online learning offering but support a range of uses, acting as a program for fully online courses, as well as several hybrid forms, such as blended education and flipped classrooms. LMSs can be complemented by other training technologies such as a training management system to manage instructor-led training or a Learning Record Store to stock and track learning data.
Corporate LMS Market Size:
Corporate LMS Market was valued at USD xx million in 2015 and estimated to generate revenue of USD xx million by 2023 growing at a healthy CAGR of xx% during 2015 to 2023.
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Corporate LMS Market Drivers and Restraints:
Continuous innovation in eLearning tools, a rising trend of BYOD and enterprise mobility, and the growing importance on continuous learning are expected to drive the global market. However, low motivation and commitment by organizations may hamper the market growth and act as a restraining factor that can hinder the adoption rate of the corporate LMS. Growth in the number of associated devices in IoT and surge in market for online employee engagement programs contribute to the LMS market growth.
With a rise in the appropriation of digital technology and increased preference of BYOD, enterprises are focused on implementing LMS over smartphones for combined employees training. Increase in demand for web-based learning program among academic institutes including schools and universities are supposed to favor market growth during the forecast period.
Corporate LMS Market Geographical Segmentation:
North America is expected to rule the corporate learning management system market during the forecast period. Technical advancements in learning methods and increasing appropriation of e-learning tools are expected to feed the corporate learning management system market in North America. Latin America and the Middle East & Africa (LMEA) are expected to grow steadily due to the increasing trends of enterprise mobility and BYOD.
Europe is anticipated to grow at a steady rate during the forecast period. Presence of large car manufacturing sector drives the corporate learning management system market in Europe. Asia-Pacific is anticipated to grow at a faster rate during the forecast period.
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Major Players of Corporate LMS Market:
The major players Of the market include Edmodo (California), Blackboard, Inc. (U.S.), Cornerstone On-demand, Inc. (U.S.), IBM Corporation (U.S.), SAP SE (Germany), Xerox Corporation (U.S.), Oracle Corporation (U.S.), McGraw-Hill Education (U.S.), D2L Corporation (Canada), and Saba Software, Inc. (U.S.)
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