DUBLIN, July 21, 2021– (BUSINESS WIRE) – The report “Global Learning Management Systems Market (2021-2026) by Component, Function, Mode of Delivery, Deployment, User Type, Geography, Competitive Analysis and Impact of COVID -19 with Ansoff analysis “” has been added to ResearchAndMarkets.com offer.
The global learning management systems market is estimated to be worth $ 13 billion in 2021 and is expected to reach $ 27 billion by 2026, with a CAGR of 15.8%.
The COVID-19 pandemic has resulted in the closure of schools, colleges and universities across the world. Therefore, the situation is rapidly transforming the education ecosystem. This has increased the demand for LMS software solutions and other online teaching techniques among educational institutions and students. The main features of LMS include artificial intelligence, automated administration tasks, platform consolidation, personalized learning paths, instinctive user interface, course management, certifications and retraining, management of courses and catalogs, etc.
Key market growth drivers are increasing adoption of e-learning platforms, Bring-Your-Own-Devices (BYOD), increasing inclination towards cloud deployment model, increasing use of e-learning AI (artificial intelligence) and ML (machine learning) in LMS. The market is expected to experience development in the coming years due to increased spending on IoT technology by several governments.
However, low motivation and commitment to adopt LMS solutions can hold back the growth of the market. LMS companies face challenges as organizations reduce spending on non-essential items.
The report includes Competitive Quadrant, a proprietary tool to analyze and assess the position of companies based on their Industry Position Score and Market Performance Score. The tool uses various factors to categorize players into four categories. Some of these factors taken into account for the analysis are financial performance over the past 3 years, growth strategies, innovation score, new product launches, investments, market share growth, etc.
Why buy this report?
The report offers a comprehensive assessment of the global learning management systems market.
The report includes in-depth qualitative analysis, verifiable data from authentic sources, and market size projections. Projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The main research is done through interviews, surveys and observations of well-known people in the industry.
The report includes in-depth market analysis using Porter’s 5 Force Model and Ansoff Matrix. The impact of Covid-19 on the market is also presented in the report.
The report also contains competitive analysis using Competitive Quadrant, the analyst’s proprietary competitive positioning tool.
Highlights of the report:
A comprehensive market analysis including parent industry
Important market dynamics and trends
Historical, current and projected market size based on value and volume
Market shares and strategies of the main players
Recommendations for companies to strengthen their presence in the market
Growing adoption of digital learning
Growing inclination towards BYOD policy and enterprise mobility
Extensive government initiatives for the growth of LMSs
Growing use of AI and ML in LMS
Growing importance of online learning in corporate and academic settings
Increased demand for gamification in LMS to provide opportunities for LMS vendors
Increased adoption of the cloud by organizations and institutes to motivate learners to adopt web-based LMS solutions
Rapid application for collaborative learning in LMS to provide opportunities for interns.
For more information on this report, visit https://www.researchandmarkets.com/r/dcvrqu
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210721005432/en/
Laura Wood, Senior Press Director
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