DUBLIN, Mar. 11, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/3m6wpn/learning) has announced the addition of the "Learning Management System (LMS) Market in the US 2015-2019" report to their offering.
The LMS market in the US to grow at a CAGR of 23.20% over the period 2014-2019
An LMS is a software application that is used to plan, deliver, and manage learning processes. It use web-based technology to create and deliver content and track and evaluate the performance of participants involved in learning activities. LMSs are widely adopted by corporates and educational institutions, especially for higher education. The substantial cost benefits and proven results of increased efficiency and productivity of employees have led many firms worldwide to completely replace traditional forms of learning with LMSs.
This report covers the present scenario and the growth prospects of the LMS market in the US during the period 2015-2019. To calculate the market size, the report takes into account the revenue generated through the sales of LMS and related services for a fee or subscription. The report also considers the demand for LMS from the following end-users: Corporate, Higher Education, K-12, and Pre K-12.
Cloud-based Learning Management System (LMS) usage is a key trend in the market. With growing competition, companies are trying to remain competitive with the help of a skilled workforce and for this, they are using cloud-based LMSs to provide training at a substantially reduced cost.
According to the report, an increase in the adoption of e-learning is a major driver in the market. Many organizations implementing e-learning through online courseware have increased the need for LMSs for content creation, management and delivery to end-users.
Further, the report states that technical barriers to LMS implementation has become a major challenge for the market. Users are facing difficulty while installing an LMS in their organization, as they are unable to customize it as per their requirements.
- Adobe Systems
- Cornerstone OnDemand
Other Prominent Vendors
- Allen Communications Learning Services
- City and Guilds Group
- GP Strategies
- Haiku Learning
- Saba Software
- Tata Interactive Systems
For more information visit http://www.researchandmarkets.com/research/3m6wpn/learning
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SOURCE Research and Markets