Showing posts with label LMS. Show all posts
Showing posts with label LMS. Show all posts

Tuesday 23 January 2018

Learning Management System Market Share has been classified into deployment, end user, and geography. By deployment, Industry Growth, Analysis, 2018 - 2022

The global learning management system market is poised to register a CAGR of 27.17% from 2018 to 2022 (forecast period). With the evolving requirements of students, the demand for effective quality content is witnessing a sharp rise. Implementation of learning management system (LMS) helps educators to create and offer relevant content sourced from an expansive library. Soaring need for centralized learning systems can augment the market.

Continual advancements and innovations in e-learning tools and delivery methods are playing an imperative role in the development of the market. With constant advancements, the compatibility of LMS with mobile devices is increasing. Therefore, proliferation of smartphones is likely to escalate the growth of the market. Over the past few years, preference for m-learning among organizations has increased as it helps them to deliver digitized training materials directly to handheld devices of employees.
Spiraling need for cost-effective solutions to manage operations of a company and support several systems, including knowledge management system (KMS) and enterprise resource planning (ERP) is projected to propel the market. Organizations are acknowledging corporate learning management system for imparting training through a range of online training courses and reducing the per capita cost of training. For instance, in January 2018, GNC came in a partnership with ePath Learning Inc. to conduct the former's new state-of-the-art employee training and development programs through the latter’s LMS platform, ASAP. Using the software, the company can offer online courses to its employees and monitor their progress remotely.

A raft of developers is focusing on developing cloud-based learning management system since it works efficiently. Deployment of the cloud-based software is hassle free and requires low initial cost. The findings of the report indicate that the growing inclination toward cloud-based LMS is estimated to provide a fillip to the market. On the other hand, limited scope of personalization and customization can restrict the market for learning management system from realizing its utmost potential. Nevertheless, growing popularity of augmented and virtual technologies is anticipated to shape the future of the market.

The global learning management system market has been classified into deployment, end user, and geography. By deployment, the market has been bifurcated into on-cloud and on-premise. In terms of end user, the market has been segmented into academic and corporate.

Geographically, the learning management system market has been divided into Europe, Middle East, and Africa (EMEA), Americas, andAsia Pacific (APAC). Americas will account for a substantial share in the market throughout the forecast period. Wide-scale adoption of modern technologies in the education sector and rapid infrastructure improvements are contributing to the growth of the market. Rising need for quality education and training along with growing awareness regarding the benefits of learning management system is supplementing the growth of the regional market.

Presence of a large number of multinational companies and other large enterprises is also expected to escalate the demand for LMS in the region. Moreover, emergence of several online management systems is driving the market in Americas. Drop a comment for purchase this report.

Some of the prominent companies operating in the global arena are Oracle; SAP SE; Pearson PLC; Cornerstone OnDemand, Inc.; and Blackboard, Inc.

Monday 4 September 2017

Next Gen Learning management system (LMS) Market To Witness Enhanced Growth Owing To Rising Demand For Digital Education Till Recent Year

The global next gen learning management systems (LMS) market is expected to expand at a respectable growth rate from 2017 to 2021 (forecast period). It is driven by automated systems that can provide training to employees in organizations. Their achievements can be tracked by their position, performance, and other metrics such as social, behavioral, and emotional aptitude.

Learning Management Systems (LMS) is a software application designed to impart training or educational courses, coupled with tracking, reporting, documenting, and administrative tasks. Bring-Your-Own-Device (BYOD) is a trend that is encouraging the growth of this market with other mobile learning platforms. SMAC (Social, Mobile, Analytics, Cloud) is also playing a major role in supporting this trend. Cloud computing is an economical method of delivering courses to various potential students. Advances in technology are spurring the adoption of LMS by corporations. 

Mobile learning support systems are increasingly gaining prominence in the industry. LMS providers are creating software that would be compatible with latest smartphones to target a particular demographic. INSTRUCTURE, a U.S. LMS provider, has partnered with the Georgia Institute of Technology to implement the company’s LMS (“Canvas”) to offer educational courses for residential and virtual residents. The system can be used to improve their learning experience and increase passing percentage.

The worldwide next gen LMS market is segmented according to application, end user, and region. By application, the market is fragmented into learner management, content management, performance management, administration, communication and collaboration, and others. Learner management is anticipated to generate maximum revenue for the market due to the need to monitor course progress, create reports, and various other tasks. The telecom and IT industry is expected to be the biggest end user due to ever-evolving technologies involved in the sector.

End users include corporate and academic. The corporate segment is sub-divided into small and medium (SME) enterprises and large enterprises. The academic segment is sub-segmented into higher education and K-12. The higher education segment is expected to exhibit a 31.7% CAGR during the forecast period. The corporate segment is touted to be a big market earner in the forthcoming years. Within the academic segment, K-12 holds a smaller market share as compared to higher education. Grovo, Litmus LMS, and Absorb LMS are popular corporate LMS software, while Blackboard and Moodle cater to the higher education segment.

By geography, the market covers North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW). North America may lead the global market during the forecast period due to the adoption of LMS by various corporations. It was driven by job and vocational training courses, particularly in the U.S. It is encouraged by presence of multinational corporations and other large conglomerates.

The APAC market is expected to exhibit a respectable CAGR till 2021 with organizations adopting these solutions to train employees and gain better dividends. India is one of the hottest markets after the U.S. with a high student population. Demand for these systems by working professionals to further their education is expected to influence market growth. The India market may register a double-digit growth rate during the forecast period.

The market is oligopolistic in nature with only few players at the top. Prominent market players encompass INSTRUCTURE, Jenzabar, Docebo, Growth Engineering, and D2L Corporation. INSTRUCTURE’s LMS had a high adoption rate in high schools in the U.S. Players are investing in the Cloud platform and reorganizing their structure to keep their plans feasible. Technologies that can deliver analytics and integration on various platforms are future trends that could define the market.

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