The global learning management system (LMS) market is expected to grow at a CAGR of more than 27% during the period 2018-2022, according to a new market research study by Technavio.
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Technavio has published a new market research report on the global learning management system market 2018-2022 under their education library. (Graphic: Business Wire)
The report categorizes the global learning management system market by deployment (on-premises and on-cloud), and by end-user (corporate and academic). The report also determines the geographic breakdown of the market in terms of detailed analysis and impact, which includes key geographies such as APAC, the Americas, and EMEA.
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Market driver: upgrade in learning processes
Continuous improvements in learning management systems have made educational institutions and corporate organizations reevaluate their teaching processes and consider replacing legacy systems with advanced LMS. LMS can be easily integrated into the existing system thus providing organizations with an easier way to update their teaching processes. Moreover, LMS provide a modern and up-to-date user interface to the learners throughout the learning process, and with the integration of cloud technologies, it offers a significant reduction in deployment costs.
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Market trend: increasing popularity of cloud-based LMS
Cloud-based LMS eliminates the need for any servers on the client’s premises which thus helps to reduce the cost of deployment. The purchase of cloud-based LMS is based on a subscription, thus resulting in low investments. Additionally, cloud-based LMS is faster to set up and can be deployed in very little time.
According to a senior analyst at Technavio for education technology research, “The presence of numerous vendors in the cloud-based LMS market is helping to reduce the cost further thus making it more accessible and affordable for tier 2 and tier 3 schools. This will lead to increased penetration of LMS which augurs well for the growth of the market during the forecast period.”
Geographical segmentation: Americas to dominate the market
In 2017, the LMS market was dominated by the Americas with a market share of over 51%, followed by EMEA and APAC with a market share of around 28% and 21% respectively. The market is expected to gain prominence in APAC and MEA during the forecast period owing to government initiatives and the growing emphasis on the digitization of education in these regions. These regions seek to improve the quality of education and mainstream the adoption of LMS solutions.
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Key companies in the market
- Blackboard
- Cornerstone OnDemand
- Desire2Learn
- Docebo
- Oracle
- SAP
The global learning management system market is highly fragmented owing to the presence of numerous established international and regional players. To remain competitive in the LMS platform market, the players focus extensively on the adoption of technology, and investment in R&D. Moreover, the players also focus on distinguishing their products based on price, quality, innovation, and regulatory compliance.
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