Increasing adoption of digital learning among corporate organizations and academic institutes and Bring Your Own Device (BYOD) trend are some of the major driving factors for the LMS market. Furthermore, the market is expected to be driven by opportunities, such as the growing usage of wearable eLearning devices and emerging technologies, such as gamification and virtual reality.
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Learning management systems (LMS) is a software application used for planning, managing, delivering and appraising a learning process. Learning management system solutions use web-based technology to create and deliver content, track and evaluate the performance of users involved in learning the process.
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By LMS solutions, users can access the learning content and administration anytime and anywhere. Learning management system plays a vital role and acts as a central hub of learning for distributed learners enabling training and information sharing in the complicated process of imparting knowledge.
Increasing need of high-quality education are the major factors which are driving the growth of learning management system. In addition, constant need of continuous learning along with cost effective and efficient manner is growing the demand of learning management system market.
However, lack of integration and degree of customization are hampering the growth of LMS market.
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The increased compatibility of LMS with mobile devices is the key driver for the growth of this market. Recently, it has been observed that many organizations prefer m-learning as it helps them to deliver online training materials directly to the employees’ handheld devices.
This gives users the freedom to learn from anywhere and anytime.
The global learning management system market is expected to grow from $4.27 billion in 2015 to $17.08 billion by 2022 at a CAGR of 21.9%. The factors that are favoring the market growth are growing adoption of digital learning, improved collaboration between trainers and learners.
Additionally, learning management system provides flexible and continuous learning platform for self-improvement. However, technical hurdle in LMS implementation, restricted customization feasibility options for end users are hindering the market growth.
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The corporate sector is the major market segment during the forecasted period. The increasing demand for cost-efficient training solutions among enterprises is a considerable factor that results in this segment?s notable market share of more than 65% by 2020.
North America and Europe are projected to be the leading markets in terms of market size, during the forecast period.
Some of the key players in global learning Management System market include Automatic Data Processing Inc, Blackboard Inc, Cornerstone OnDemand, Inc, Desire2Learn Inc, eCollege, Edmodo, GlobalScholar, IBM Corporation, Instructure, Jenzabar, Mcgraw-Hill Companies, Moodle, Netdimensions Ltd, Oracle, Pearson Plc, Saba Software, SAP AG, Sumtotal Systems, Sungard and Xerox Corporation.
Table of Content:-
1 Executive Summary
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
3 Market Trend Analysis
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