Learning Management System (LMS) is a term used to describe a software platform that facilitates an organization to manage and deliver e-learning programs to its employees. These systems can be deployed in the field of education where they can enable remote learning for students who cannot access conventional educational infrastructure. Thus, the main objective of LMS solutions is to enhance learning and strengthen existing capacities of individuals and organizations.
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- D2L Corporation
- IBM Corporation
- McGraw-Hill Education
- Saba Software Inc.
- Upside Learning Solutions
- Oracle Corporation.
The global learning management system market is projected to attain USD 29,742.0 mn in terms of market valuation by 2028, a four-fold jump from its current valuation at USD 7206.7 mn in 2018. Fortune Business Insights has come out with a report, titled Learning Management System (LMS) Market Size, Share and Global Trend By Component (Solution, Services), By Deployment (On-Premises, Cloud),By Organization Size (SME’s, Large Enterprises), By End User (Academic, Corporate) and Geography forecast till 2028”, in which a detailed analysis of trends and factors that will develop and influence the market is contained. The report predicts the learning management system market to exhibit an impressive 19.1% CAGR during the forecast period.
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1. By Component
- Consulting Services
- Implementation Services
- Support Services
2. By Deployment
3. By Organization Size
- Large Enterprises
4. By End-User
- Higher Education
- IT and Telecom
- Energy and Utilities
5. By Region
- North America (U.S. and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
- Latin America (Brazil, Mexico and Rest of Latin America)
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August 2019: Absorb Software Inc., a learning management system provider has acquired eLogic Learning a company based in Tampa, Florida. eLogic Learning says that its learning management tools could reach 5 million users across the globe every month. As per this, acquisition Absorb Software Inc. claims to serve more than 1,000 active customers with 225 employees across eight offices.
May 2019: D2L launched ‘Indigo’ the updated version of Brightspace a cloud-based learning platform that motivates employees to drive their own learning experiences.
March 2019: Cornerstone launched Express Class a tool that allows managers to quickly create and administer informal and prompt training under the Cornerstone Learning Management System.
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Table of Content
5. Key Insights
5.1. Macro and Micro Economic Indicators
5.2. Consolidated SWOT Analysis of Key Players
6. Global Learning Management System Market Analysis, Insights and Forecast, 2015-2028
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecasts
6.2.1. By Component (Value)
18.104.22.168.1. Consulting Services
22.214.171.124.2. Implementation Services
126.96.36.199.3. Support Services
6.2.2. By Deployment Type (Value)
6.2.3. By Organization Size (Value)
188.8.131.52. Large Enterprises
6.2.4. By End-User (Value)
184.108.40.206.2. Higher Education
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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