Learning Management Systems (LMS) Market

Learning Management Systems (LMS) Market Size (2023 - 2028)

The global LMS market is projected to progress from $17.4 billion in 2022 to reach $32.7 billion in 2028, at an annual expansion rate (CAGR) of 16.0% over the conjecture period.

Learning management systems (LMS) are typically used in the business and education sectors, distance-learning or instructor-led. Partnerships with popular software and messaging platforms are making LMS in the business environment increasingly facilitate the creation, delivery and consumption of course content.

Market growth and trends

According to the 2019 report on trends in online education, 69% of online students identified employment as their main objective to enter a program. Universities also offer a distance learning program to respond to all demographics, regardless of location. As students with more diverse characteristics enter online programs, schools must provide services that meet a greater variety of student needs. Students prefer distance education because they can define their study time and it costs less. The flexibility of learning is the main factor that leads students and companies to opt for distance education, which considerably stimulates the growth of the LMS market.

Drivers and Restraints:

The adoption of BYOD policies by companies stimulates the overall LMS market growth. Globally, organizations are opting for online learning services to educate and train their employees because of the costs of traditional teaching methods. The increased compatibility of the learning management system with mobile devices and social learning has forced companies to adopt the BYOD culture. LMS helps improve performance management, content management, and student management. The growth of new digital learning tools should stimulate the worldwide LMS market in future.

Although online learning software is easy to use, some students find it difficult, especially employees who do not regularly use computers in the workplace. Other potential technical issues include slow internet connection, specific browser requirements, and poor device compatibility. Therefore, low motivation and low commitment to adopt LMS solutions can delay market growth.

LEARNING MANAGEMENT SYSTEMS (LMS) MARKET REPORT COVERAGE:

Learning Management Systems (LMS) Market Segmentation:

Learning Management Systems (LMS) Market - By Component

• Solution
• Services

Learning Management Systems (LMS) Market - By Delivery Mode

• Distance Learning
• Instructor-Led Training
• Blended Learning

Learning Management Systems (LMS) Market - By Deployment Type

• SaaS

• Local

Learning Management Systems (LMS) Market - By End-User

• Academic
• Corporat

Learning Management Systems (LMS) Market - By Region

the global LMS market is studied in the areas of:

1. North America
2. Asia Pacific
3. Middle East and Africa
4. Latin America
5. Europe

Of these, North America is expected to dominate the market due to increased collaboration between organizations and providers of learning management systems in the area during the outlook period. The presence of leading main providers like Oracle, Mcgraw-Hill Education, IBM Corporation, and others is the main aspect promoting the expansion of this market in North America.

Key players in the market:

Some of the prominent players featured in the global LMS market report are Blackboard Inc., CrossKnowledge, JZero Solutions Ltd, Litmos Limited, Mcgraw-Hill Education, IBM Corporation, Oracle Corporation, Paradiso Solutions, Saba Software, Inc., SAP SE, SumTotal Systems, LLC, and TalentLMS. The report analyzes the key strategies adopted by these companies, as well as a detailed analysis of current trends, future opportunities and limitations with detailed information on their impacts.

Recent Developments:

• In April 2020, Blackboard launched a new distance learning solution called Blackboard Unite for K-12. It is a comprehensive set of tools and resources that will provide Kindergarten to Grade 12 districts with the tools and best practices necessary to transform themselves into a virtual learning model.
• In March 2020, Blackboard launched the self-service portal Blackboard Collaborate. The portal allows higher education institutions, school districts and organizations to easily implement the virtual classroom solution. The main objective of this launch is to help academic organizations maintain academic continuity due to COVID-19 and recent campus closings.
• In March 2020, D2L partnered with Bayfield Design, an online content development and creative services company in COVID-19. As part of this partnership, organizations will offer a free COVID-19 online course. This course will help students and educators understand the global pandemic, its risks and how to manage it effectively.
• February 2019: McGraw-Hill intruded its SmartBook 2.0, which is an upgrade to its existing Connect learning platform that helps students achieve higher grades.

Impact of Covid-19 on the Global LMS Market

The COVID-19 pandemic has affected customer behavior and had a substantial impact on global economies and societies. Offices, educational establishments and manufacturing facilities being closed for an indefinite period; major sports and postponed events; Indeed, with policies of social distancing and working from home, companies are increasingly looking for technologies that help them get through these difficult times. Education industry professionals were invited to bring their expertise to help leaders make business decisions on how to respond to the new business challenges brought on by the COVID-19 epidemic. Businesses in the learning management system also face challenges related to lower spending by non-essential items by businesses. For example, only level 1 educational institutions were considered to be adopting new LMS solutions during the COVID-19 period, and smaller institutions are more focused on collaborative teaching tools.