Analysts forecast LMS market in APAC to grow at a CAGR of 29.35% during the period 2018-2022. The latest trend gaining momentum in the market is the integration of gamification in the learning management software.
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The integration of gamification in LMSs motivates individuals in the academic and corporate sectors to engage and actively participate in the learning process.
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The adoption of learning games benefit global companies by ensuring an increased employee retention. Learners greatly profited from gamification as it helps them in real-world circumstances to make quick informed decisions.
Major key players in the LMS market in APAC: Blackboard, Cornerstone OnDemand, D2L (Desire2Learn), Docebo, Oracle, and SAP
According to the LMS market report, one of the major drivers for this market is the cost-effectiveness of the LMS solution. The learning management system (LMS) is gaining popularity in both academic and corporate end-user segments because they are considered as a cost-effective one-stop solution.
LMS system minimizes the operating costs associated with centralized learning. MNCs are increasingly adopting cost-effective LMS solutions because it enables them to manage their employee training programs efficiently by training their resources through a web-based environment, that saves time.
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Further, the LMS market report states that one of the major factors hindering the growth of this market is Rising budgetary concerns. Many organizations and educational institutions across APAC allocate significant budgets for implementing advancing technology with the existing system for better productivity.
Corporations with significant economies of scales encourage heavy investments in installing LMSs in existing systems. However, companies with limited budgets may not be able to invest heavily in the implementation as well as maintenance of LMSs, causing hindrance to the market growth.
In addition, there are many hidden costs associated with implementing LMSs. This results in organizations continuing to prefer conventional systems over the new LMSs.
Few Points from List of Exhibits Provided in LMS Market (www.rnrmarketresearch.com/lms-mark…arket-report.html):
Exhibit 01: Edtech Impact
Exhibit 02: Parent Market
Exhibit 03: Global Education Technology Market
Exhibit 04: Market Characteristics
Exhibit 05: Market Segments
Exhibit 06: Market Definition - Inclusions and Exclusions Checklist
Exhibit 07: Market Size 2017
Exhibit 08: Validation Techniques Employed For Market Sizing 2017
Exhibit 09: Market Size and Forecast 2017-2022 ($ Mn)
Exhibit 10: Year-Over-Year Growth 2018-2022 (%)
Exhibit 11: Five Forces Analysis 2017
Exhibit 12: Five Forces Analysis 2022
Exhibit 13: Bargaining Power of Buyers
Exhibit 14: Bargaining Power of Suppliers
Exhibit 15: Threat of New Entrants
Exhibit 16: Threat of Substitutes
Exhibit 17: Threat of Rivalry
Exhibit 18: Market Condition - Five Forces 2017
Exhibit 19: Lms Market In Apac by Deployment - Market Share 2017-2022 (%)
Exhibit 20: Comparison by Deployment
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