Technological Advancements in Learning Management System facilitating the market growth
According to a new report published by Reports Monitor titled, “Global Learning Management System Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the Learning Management System market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Learning Management System (LMS) is derived from the three words, Learning, as it is used to deliver educational courses and training program. Management, because it helps proper management of the courses such as creates, change, assign and analyses System, as it provides the all necessary feature in form of software.
The major factor behind the market growth is the increased adoption of e-learning industry, thereby providing growing cloud service opportunities. It also helps in the efficient management of big data, by storing it in one location. Apart from it also provides advanced encryption features to avoid data breech. Moreover the increasing demand for the cost effective training solutions also result in propelling the market growth. The growing awareness of education in the developing countries and favorable government initiatives and programs for good quality training and education is also one of the significant factors in boosting the market growth.
This report provides a detailed analysis of Learning Management System market, which includes current industry situations such as market size, growth and demands, market outlook, major players with their key strategies such as investment, mergers and acquisitions, value chain analysis and swot analysis. It covers the market canvas and the growth opportunities in the coming years. The report has been made with an in-depth analysis along with important inputs from the various industry experts. The research is carried out with both extensive primary and secondary data sources with bottom-up and top-down approaches.
The LMS market is majorly segmented on the basis of types, pricing models, deployment type, module and end-user. Based on the type, market is bifurcated into: open source, free license, and paid license, while on the basis of pricing models, the market is segmented into: licensing, subscription and freemium. Based on the deployment type, market is classified into: On-premise and cloud based. Depending upon the module used, market is bifurcated into: Administration, Content Delivery and Management, Progress Management, Interaction and Integration Technologies, User Management, and Others. Based on the end-use, market is segmented into education and corporate.
The LMS market is majorly analyzed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Among the regions spanned, North America is anticipated to dominate the market mainly owing to the presence of major players and growing adoption of LMS in the region, while Asia Pacific is expected to grow at a faster growing rate owing to the increased awareness of education in the developing countries and higher demand for cost effective learning for the training purposes.
Some of the major players in Global learning management system Market includes Edmodo (California), Blackboard, Inc. (U.S.), IBM corporation (U.S.), SAP SE (Germany), Xerox corporation (U.S.), Oracle Corporation (U.S.), McGraw-Hill Education (U.S.), Cornerstone On demand, Inc. (U.S.), D2L Corporation (Canada), and Saba Software, Inc. (U.S.) among others.
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