Learning Management System Market Driver, Trends, Applications & Business Strategy Forecast 2025
The Global Learning Management System Market was valued at US$ 5.1 billion in 2015 and is projected to expand at a CAGR of 23% during the forecast period (2016–2025), as highlighted in a new report published by Coherent Market Insights. Learning Management System Market Research Study provide detailed information about the key factors influencing the growth of the industry which include drivers, restraints, opportunities, and industry-specific challenges, strategically profile key players and comprehensively analyze their market share and core competencies.
According to Coherent Market Insights, over 275 million wearable device have been sold up from 232 million devices in 2015 and is estimated to reach 323 million by 2017. Moreover, the increasing adoption of new technologies such as gamification and virtual reality in the learning management systems provide advance features to the LMS products. With the help of virtual technology, the gamification increased the level of enjoyment and engagement by capturing the interest of learners, motivating them for continues learning.
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Learning Management System Market Report provides an analytical assessment of the prime challenges faced by this industry currently and in the coming years, which helps market participants in understanding the problems they may face while operating in this market over a longer period of time. This market research report is a professional and in-depth study on the current along with future state of Learning Management System Industry.
Key takeaways of the learning management system market:
- The global learning management system market is estimated to expand at a CAGR of 23% during the forecast period (2016–2025).
- The cloud deployment model held a dominant position in 2016 and is estimated to grow with the largest CAGR in the forecast period. The increasing high investment in the cloud market and rising adoption of cloud technology by various industries have increased the adoption of cloud technology in the learning management system.
- On the basis of delivery mode, the instructor-led training is estimated to grow at a CAGR of 24% in the global learning management system market and held a dominant position in the year 2016.
- On the basis of user type, the corporate held a dominant position with US$ 3,637 million in 2016, owing to increasing demand for corporate trainings in various industries.
- North America held a dominant position in the global learning management system market at a CAGR of 53% in 2016, owing to the growing trend of bring your own devices in North American countries such as the United States and Canada.
- The Asia Pacific, followed by Europe is estimated to grow at a CAGR of 25.1% over the forecast period.. China and India are the major countries that drive the learning management market in the Asia Pacific region.
- India has the fastest growing market and is estimated to grow at a CAGR of 28.4% over the forecast period.
- Some of the major players involved in the global learning management system market are Cornerstone Ondemand, Inc., Xerox Corporation, IBM Corporation, Netdimensions Ltd., SAP SE, Blackboard, Inc., SABA Software, Inc., Mcgraw-Hill Companies, Pearson PLC, and D2L Corporation.
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