Size of the learning management systems (LMS) market worth $76.18 billion, globally, by 2030 at a CAGR of 19.1%: Verified Market Research®
Rising demand for e-learning, online courses, online tutors and technological development in e-learning platform are some of the factors that will drive the growth of the market for learning management systems (LMS).
JERSEY CITY, NJ, June 8, 2022 /PRNewswire/ — Verified Market Research recently released a report, “Learning Management Systems (LMS) MarketBy deployment (cloud-based, on-premises), by delivery mode (distance learning, instructor), by vendor (service, content), by vertical (healthcare, manufacturing), and by geography. According to research Market Report , Learning Management Systems (LMS) Market Size has been valued at $15.1 billion in 2021 and is expected to reach $76.18 billion by 2030, growing at a CAGR of 19.1% from 2022 to 2030.
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Global Learning Management Systems (LMS) Market Overview
As the need for e-learning and e-learning platforms increases, so does the LMS business. Increasing the range of scholars admitted to various prestigious colleges and schools can boost business expansion. The growing demand for personal and versatile reading from short and relevant content will increase the market demand. LMS recognizes the need for cost-effective programs that bridge the information gap for students. The market is growing owing to the increase in government spending in IoT technology. LMS in effect on associate degree IoT devices provides access and quality. Helps educators send and transfer data and information accessible to students in any learning environment.
Additionally, the need for video learning, gamification, and cloud-based LMS is encouraging the growth of the market. LMS sales are expected to increase market growth at an oversized scale. The outbreak has forced companies to revamp their business practices and focus more on strong network connections to regain customer trust. The manual surveys and feedback assortment module of the standard learning system are getting an antiquated, cloud-based response from the learning management system supports and their adoption is becoming a key market driver.
- In March 2022 – Cornerstone acquired EdCast. This acquisition will disrupt the edtech market and the customer-centric approach of the two leaders should better serve customers.
Major market players include NetDimensions, Blackboard Inc., Saba Software, Inc., SAP SE, Cornerstone OnDemand Inc., McGraw-Hill Education, Inc., Pearson Plc., D2L Corporation, Docebo, PowerSchool, Instructure, SumTotal, LTG , Oracle Corporation, Infor, Adobe and IBM Corporation.
Verified Market Research has segmented the global learning management systems (LMS) market on the basis of deployment, delivery mode, vendor, industry vertical, and geography.
- Learning Management Systems (LMS) Market, By Deployment
- Learning Management Systems (LMS) Market, By Delivery Mode
- Distance learning
- Led by an instructor
- Mixed mode
- Learning Management Systems (LMS) Market, By Vendor
- Learning Management Systems (LMS) Market, By Vertical
- Government and education
- Health care
- Learning Management Systems (LMS) Market, By Geography
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- Latin America
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5 Best Learning Management Systems Improving People’s Knowledge
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