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Learning Management System (LMS) Market Expected to Grow $37.9 billion by 2026

admin by admin
February 4, 2022
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(EMAILWIRE.COM, February 04, 2022 ) According to a research report “Learning Management System (LMS) Market by Component (Solutions and Services), Delivery Mode (Distance Learning, Instructor-led Training, and Blended Learning), Deployment, User Type (Academic and Corporate), and Region – Global Forecast to 2026” published by MarketsandMarkets, the global LMS Market size to grow from USD 15.8 billion in 2021 to USD 37.9 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 19.1% during the forecast period.

The LMS Market is fuelled by enterprises focusing more on human capital development. Effective employee learning and development brings a positive impact on employee performance and organizational competitiveness. Training also helps employees develop a positive attitude toward learning and improving proficiency, which results in enhanced productivity and competitiveness in the workplace and the organization.

Browse 334 market data Tables and 55 Figures spread through 282 Pages and in-depth TOC on “Learning Management System (LMS) Market – Global Forecast to 2026”

Download PDF Brochure : https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1266

By User Type, the Academic segment to hold the larger market size during the forecast period

The Academic segment of the LMS Market is projected to hold the largest market size in 2021. The Academic is further divided into K-12 and Higher education. LMS is used in academics to improve the efficiency of the learning process. This helps streamline the education process by enabling mobility, interaction, and real-time teaching. LMS solutions in the academic sector open up new doors for sharing knowledge without boundaries of time and distance.

By Corporate users, the Retail subsegment to grow at the highest CAGR during the forecast period

Among the Corporate users, the Corporate sub-segment is expected to grow at the highest CAGR during the forecast period. Employees in retail must coordinate with multiple parties to ensure the right product delivery at the right time and the right place. Training and development play a key role in the skill development of employees. LMS in the retail industry focuses on areas, such as onboarding, compliance, sales skills, and product knowledge.

Request Sample Pages : https://www.marketsandmarkets.com/requestsampleNew.asp?id=1266

By region, North America to account for the largest market size during the forecast period

North America holds a strong position in the global LMS Market, due to the presence of most of the top LMS vendors such as Blackboard, Cornerstone OnDemand, D2L, Instructure, and PowerSchool. The region is well-connected with advanced infrastructure, which helps LMS vendors offer quality services to their clients. It offers the most innovative and fastest services available in the world through its network infrastructure. North America has also witnessed the earliest adoption of cloud and mobile technologies, which has been a significant booster for adopting LMS solutions to improve employee efficiency and productivity.

Market Players

Major vendors in the LMS Market include Cornerstone OnDemand (US), Blackboard (US), PowerSchool (US), Instructure (US), D2L (Canada), SAP (Germany), SumTotal (US), IBM (US), LTG (UK), Oracle (US), Infor (US), Adobe (US), and Docebo (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com



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