Technology News, Search Engine

Technology News & Search Engine

Technology News and Search Engine - Computers and Software,
Internet, Personal and Enterprise Technogy News. Website Builder.
Press release distribution service
Home | Technology News Search Engine:                                     

Home: Technology News:

LMS Market Growth Prospects And Outlook 2018-2023

(IT-NEWSWIRE.COM, May 22, 2020 ) The major growth drivers for the market include increasing adoption of digital learning, growing inclination towards, Bring Your Own Device (BYOD) policy and enterprise mobility, extensive government initiatives for growth of LMS, growing usage of Artificial Intelligence (AI), and Machine Learning (ML) in LMS is increasing significance of eLearning in corporate and academic setups



As per report "LMS Market by Component (Solution and Services), Delivery Mode (Distance Learning, Instructor-Led Training and Blended Learning), Deployment Type, User Type (Academic and Corporate), and Region - Global Forecast to 2023", The global LMS market size is expected to grow from USD 9.2 billion in 2018 to USD 22.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 19.6% during the forecast period.



Browse 75 market data Tables and 39 Figures spread through 159 Pages and in-depth TOC on "LMS Market"

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/learning-management-systems-market-1266.html



The cloud deployment type is expected to show the highest growth rate during the forecast period



In the cloud deployed LMS, services are hosted over internet connection and users can log in into the service provider’s site. Instead of installing the required management software, the teachers or trainers can upload course content, create new courses, and interact with the learners via their internet browsers. The instructional designers can store any information on the cloud and this can be remotely accessed by approved users in any location. This deployment mode is preferred for its features like better and enhanced security, lower setup costs, easy accessibility, quicker deployment, highly scalable, customizable, more storage space, ease of maintenance, automatic upgrade of course materials, and automatic licensing done by vendors. In this form, the learning is delivered to the learner, anywhere and anytime via the browser. The LMS market has undergone a great shift from on-premises to cloud LMS solutions due to advantages of easy deployment, easy integration, minimum cost, and no requirement of preliminary capital outlay for purchasing the software. Due to these aforementioned advantages, most of the vendors are switching from on-premises deployment mode to cloud-based solution. Cloud-based LMS providers are actively delivering continual innovation with security in priority.



The corporate user type segment is estimated to grow at the highest CAGR during the forecast period



As businesses have become more competitive after the second wave of globalization, the importance of human resources has increased significantly over the time and employee training and development has become a new norm in various corporate organizations, in many industries different methods used for training and development are used. Based on corporate industry type, the global LMS market has been segmented into, software and technology, healthcare, retail, BFSI, manufacturing, government and defense, and Telecom. The LMS applications are accepted across verticals by organizations of all sizes as they provide robust features of training, analytics, and reporting. The corporate users implement LMS solutions as a tool for training and assessment of employees as well as to provide various instructions and suggestions. Instantaneous mass notification solutions help the management for faster communication about new policies and other instructions among the employees. In various corporate organizations, industrial methods used for training and development are different. For instance, the success of a software and technology company largely depends upon the skill/ability of the employees in the organization. Skill and knowledge required in the software and technology companies change at a faster pace compared to other industries. Research and development also play a key role in software and technology companies. To keep improving the skills of the employees, LMS in the software and technology companies is of key importance. Medical practitioners need to update their knowledge and skills to provide the latest treatment to the customers/patients. Keeping employees updated with new medical devices and pharmaceutical products is another key aspect of the training and development module in the healthcare sector.



North America is expected to hold the largest market size during the forecast period



North America has is a mature market when it comes to technology. The increase in the usage of eLearning tools and technological advancement in learning methodologies have boosted the overall LMS market for the North American region. The increased adoption of handheld devices, such as tablets and mobile phones, is also driving the LMS adoption trend in North America. This region is strongly controlled by government standards and regulations. Effective collaboration with universities and organizations between network arenas and institutions has helped the educators in this region to be more receptive towards technological change. LMS is expected to be the next step in the evolution of a more interactive learning experience and this is being deployed by several organizations in the North American region. The LMS market in North America is highly progressive, since several organizations are implementing this to enable improved learning and participation with the educators. North America, especially the U.S. and Canada, is expected to integrate LMS solutions to increase collaboration in the learning environment and taking initiatives to renovate the ineffectiveness of conventional learning methods. Moreover, the implementation rate in North America is considerably much higher as compared to other regions, as enterprises here are more open and receptive to the implementation of LMS solutions.



Key players in the global LMS market include Cornerstone OnDemand (US), Blackboard (US), Saba Software (Canada), D2L Corporation (Canada), Adobe Systems US), CrossKnowledge (US), Oracle (US),SAP SE (Germany), Docebo (Canada), Schoology (US), IBM (US), Epignosis (US), MPS Interactive (India), Pearson PLC (UK), McGraw Hill (US), SumTotal Systems LLC (US), Absorb Software LLC (Canada), Instructure Inc (US), iSpring Solutions, Inc. (US), G-Cube (India), Latitude CG, LLC (US), UpsideLMS (India), Paradiso (US), SkyPrep Inc (Canada), and Knowledge Anywhere (US).



Request For Special Pricing !



MarketsandMarkets™

Mr. Aashish Mehra

1-888-600-6441

raviraj.tak@marketsandmarkets.com

Source: EmailWire.Com

Source: EmailWire.com


Sponsored Links

EmailWire Business Directory
EmailWire Business Directory about Legal, Stocks, Investment, Markets, Stocks


Submit website to Business Directory

Listen to GroupWeb Radio

Technology News Headlines
  • Computer Security
  • Digital Music
  • Digital Video/TV
  • Enterprise
  • Linux/Open Source
  • Microsoft
  • Mobil Phones
  • Internet
  • Personal Technology
  • Portals & Search Engines
  • RSS and Blogging
  • Software
  • Technology News
  • GroupWeb Market Place
    Website Builder - Blog Builder
    Build your website in 5 minutes. One month free. No setup fee! Blog Included.
    WebSiteBuilder.GroupWeb.Com

    Your text Ads here!
    Ads are only $50 per month.Please contac us and state ou want to place advertisement on GroupWeb.com.

    Emailwire.com/contact.php

    Technology Business Video Feed

    More Technology Video Feeds
  • Computers
  • Computers & Software
  • Home Theater
  • Personal Technology
  • TechBiz
  • TechBytes
  • Technology Publications

    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    Search Engine Optimization for E-commerce Sites: The Seven Most Common Pitfalls
    Website Magazine
    Business Activity Monitoring: Smart Decisions with Real-time Visibility

    No credit cards, coupons, or promo codes required. Try it today!

    Press release distribution service

    :: Home: :: Submit Press Release :: Subscribe to News :: Contact Us :: Help

    For unlimited press release distribution for $59 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.
    Copyright 2008 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    GroupWeb.com - a Technology News and Resource of GroupWeb Media LLC