PUNE, India, August 24, 2015 /PRNewswire/ --
According to a new market research report, "Learning Management Systems (LMS) Market Products (Content Management, Performance Management, Communication and Collaboration, Administration, Learner Management, Others), Applications, Deployment Type, User Type, Region - Global Forecast to 2020", published by MarketsandMarkets, Learning Management System (LMS) Market to grow from USD 4.07 Billion in 2015 to USD 11.34 Billion in 2020, at a CAGR of 22.8% during the forecast period.
Browse 74 Tables and 73 Figures spread through 192 Pages and in-depth TOC on "Learning Management Systems (LMS) Market"
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The market report defines and segments the global digital learning market into various subsegments with an in-depth analysis and forecasting of market sizes. The report also identifies the factors driving this market, various restraints, and opportunities impacting it along with the adoption trends
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.LMS allows an organization to efficiently train a large group of entities spread across the organization. With LMS, training and e-learning are managed by software that permits workers and supervisors alike to easily access courses and training reports.
As technology continues to develop, it brings with it latest opportunities and challenges for educators and learners. The biggest challenges for institutions are the difficulties in implementing a safe infrastructure and the lack of digital fluency in institutions towards the latest technological trends.
Consolidated management of the learner's development saves the cost and time required to manage training activities. Information depository of LMS, which is accessible to the individuals and organizations, sometimes creates connectivity difficulties, bandwidth issues, problems in maintaining & modernizing hardware/software, and technological issues. Some operators may also find it challenging to direct through the LMS program due to blurred instructions.
The LMS Market caters to users from both the academic as well as the corporate world. The market consists of various large and niche players who provide proficient software solutions such as content management, performance management, communication and collaboration, administration, and learner management.
Major vendors in the LMS Market are Blackboard, Cornerstone OnDemand, NetDimensions, D2L, BIS Training Solutions, Pearson, McGraw-Hill, IBM, SAP, and Saba Software among various others. The major forces driving this market are the increasing adoption of digital learning and the introduction to cloud-based LMS.
MarketsandMarkets broadly segments the global LMS Market by product: content management, performance management, communication and collaboration, administration, learner management, and others; by application: distance learning, technology training, and virtual instructor training; by deployment type: cloud and on-premises; by user type (Academic (K-12, Higher Education) and Corporate (SMEs, Enterprises, and Verticals); by region: North America, Asia-Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America.
MarketsandMarkets forecasts the global Learning Management System (LMS) Market to grow from USD 4.07 Billion in 2015 to USD 11.34 Billion in 2020, at a CAGR of 22.8% during the forecast period. In terms of regions, North America and Europe are expected to be the largest markets in terms of market size, while APAC and MEA are expected to experience an increase in market traction, during the forecast period.
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