Learning Management System (LMS) Market Outlook to 2026 Detail Study focusing on Key Players like IBM, Oracle, SAP, Pearson, Mcgraw-Hill, Adobe Systems, Blackboard, MPS, SumTotal Systems, Schoology
Global Learning Management System (LMS) market is accounted for $7.65 billion in 2017 and is expected to reach $40.36 billion by 2026 growing at a CAGR of 20.3% during the forecast period. Some of the key factors such as growing consequence of e-learning in commercial and academic setups, wide administration initiative for expansion of LMS, and rising implementation of digital learning which is propelling the growth of the market. However, less incentive and commitment to accept LMS solutions which are hampering the growth of the market.
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Learning management system is software appliances which provide infrastructure, tools, and context to provide e-learning and guidance solution to the organization and its learner. The learning management system has risen rapidly since the previous years and is estimated to be the rising technology in the software business. Mainly academy these days is providing internet access to their students, and frequently there are internet cafes within an on foot distance from the university campus, so that the student can make use of learning management system.
Based on the Deployment Model, The cloud-based deployment model is likely to lead the market over the forecast period. The company is switching to cloud-based model so that they can focus more on their core competencies and worry less about their resources becoming outdated with quick-growing technology. Furthermore, cost-effectiveness is another motivation that adds importance to cloud-based deployment model.
By Geography, North America has shown quick recognition of the latest learning pedagogies and this has additionally pressed the LMS market for this region. In this region, an enterprise is now changing to mLearning for enhanced results and expediency of use. Due to the superior technology there in the region, students are digitally more associated and responsive of eLearning and interactive course contented.
Some of the key players profiled in the Learning Management System (LMS) Market include IBM, Oracle, SAP, Pearson, Mcgraw-Hill, Adobe Systems, Blackboard, MPS, SumTotal Systems, Schoology, Saba Software, Ispring Solutions, Instructure, Epignosis, Docebo, D2l Corporation, Crossknowledge, Cornerstone Ondemand, Inc., Absorb Software, and (G-Cube).
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