Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for energy industry professionals · Friday, March 29, 2024 · 699,740,995 Articles · 3+ Million Readers

Learning Management System to Cross $10 Billion In Revenues By 2021 With Higher Education Segment Driving Majority Growth

Moodle is the major shareholder in the Brazilian LMS market in education sector with the share of 27.5% in 2015 followed by Santillana and Blackboard.

hyderabad, Oct. 27, 2016 (GLOBE NEWSWIRE) -- According to the new report,"Learning Management System (LMS) Market: Modules (Collaborative Learning, (Content, Talent, Performance) Management) Vertical (Government, Corporate, Education Sector) Services (Hosting, Colocation, Authoring Tool, Payment Gateways, Others)-Forecast(2015-2020)", published by IndustryARC, the market is estimated to cross $10 Billion in revenues by 2021.

Browse 24 Market Tables, 84 Figures spread through 149 pages and an in-depth TOC on “Learning Management System (LMS) Market (2015 - 2021)
http://industryarc.com/Report/1259/learning-management-systems-market-analysis.html

A learning management system (LMS) is a software-based platform provides the necessary framework, infrastructure and tools which helps in providing online training or commonly known as e-Learning. This web-based technology allows the user to create, manage, distribute and track learning materials anywhere on any device. As the adoption of online learning and digital learning technologies increases, learning management systems providers will be at the forefront of this change and looking to capture a fast growing market. Though the conventional learning management systems market is close to maturity, the development of an online learning market, particularly based on social media technology provides new avenues for these companies to explore. LMS solutions such as Litmos, Canvas, Docebo and Latitude have witnessed impressive growth in recent years looking to capture this expanding market.

The global market for Learning management systems has remained dynamic and highly competitive with significant investments, mergers and acquisitions. Skillsoft and Providence Equity acquired leading companies such as SumTotal and Blackboard, respectively, in the last five years resulting in dramatic change in the competitive landscape. The dynamic nature of the market and highly competitive industry has resulted in a regionally varied market with the undercurrents of the market landscape highly evolving over the years. Despite the change in leading companies and lively market, the growing demand in the corporate sector will continue to drive the market forward.

Inquiry Before Buying @ http://www.industryarc.com/inquiry-before-buying.php?id=1259

Despite education being a major focus, the corporate industry will be the major driver behind the growth of the market. The manufacturing, healthcare and IT companies in particular have increasingly looked to utilize learning management systems for staff training as well as improving efficiency of their employees. The majority of the learning management systems market for the corporate sector will be focused on companies in the $1M to $10M revenue range as the ease of usage and improved efficiency offered will allow the companies to enhance their employees abilities and efficiency without focusing on extensive review of their processes or training methods.

As demand for online education escalates, such systems and solutions will be critical to effectively handling the increased demand. The global LMS market was $3.3 billion in 2015 and is projected to grow at a CAGR of 18.5% during 2016-2021, while the LMS market for Education as an end user was $678.7 million and by 2021 is estimated to be $2.02 billion globally with a CAGR of 20.2%. This growth will be derived to some extent from the expansion of the market in the emerging economic countries such as India, China, Brazil along with Eastern Europe.

Check Webinar on LMS Market @ https://www.youtube.com/watch?v=R6dd3qzBCkQ

South America, APAC and Eastern Europe offer strong growth potential for the LMS market with a number of local companies (such as Emeneo and Shezartec) being established to take advantage of this opportunity. The Brazilian LMS market in education sector for 2015 was $21.6 million and is projected to grow at a CAGR of 24.3% to reach $79.2 million by 2021. Cost saving through e-learning and increasing need of training coupled with technological advancements and the continued adoption of cloud technology are driving demand for the LMS in the country. Moodle is the major shareholder in the Brazilian LMS market in education sector with the share of 27.5% in 2015 followed by Santillana and Blackboard. The U.S will maintain its position as a leader in learning management systems driven by increased adoption in the healthcare and manufacturing sectors. With education market heading towards maturation in North America and Western Europe, the corporate market will be the driving factor in these regions. Higher education in emerging countries continues to explore and embrace new learning platforms and elements in the country. The rising adoption of digital learning in such countries is another major factor driving the market. LMS providers in emerging countries have significant opportunities of enhancing their market share by offering LMS in local languages; user based content generation, user-friendly and with social media enabled learning.

At present, the corporate market accounts for the largest share in the learning management system market, driven by its increased usage in technological companies, followed by the education market. The governmental sector accounts for a low share in the market due to low penetration in utilities and transportation sectors.

The growing shift towards online or e-learning has created a rising demand for cloud based learning management systems. A number of companies have entered this competitive market in recent years to satiate the ever-rising need for improved educational tools and services.

Following key players were also covered as part of the market landscape analysis:

  • Moodle
  • Blackboard
  • D2L
  • Instructure
  • SumTotal
  • Docebo and Others

24x7 Learning Pvt. Ltd, ABSC Group Pty. Ltd, Active Mind Solutions, AJ Square Inc, Alchemy Systems, LP, Allantra Learning Technologies Corp, Allion Technologies (Pvt) Ltd, Amida Learning Consulting, Apixel Pty Ltd, Automatic Data Processing Inc, Aziksa, BaseCorp Learning Systems, BIS Training Solutions, BitKea Technologies, Blackboard Inc, Blue Sky Broadcast, BlueVolt, BrainShark, Brightspace, Chamilo Association, Coggno, Connect-i, Cornerstone OnDemand, Inc, CrossKnowledge, Desire2Learn Inc, Docebo NA, Eaglewood Systems Ltd, eCollege, Edmodo, EduBrite Systems, Educadium, Elearning Force, Entrenar, Evolve Technologies, eXact learning solutions, GlobalScholar and others.

The market has also been analyzed for four geographic regions, which include: North America, APAC, Europe and Rest of the World.

For full list of companies cited in report, request PDF sample @ http://www.industryarc.com/pdfdownload.php?id=1259

Why buy this report?

  • Get a detailed picture of the Learning Management Systems (LMS) market landscape and growth markets, opportunities.
  • Pinpoint growth sectors and identify factors driving change.
  • Understand the competitive environment, the market's major players and leading brands.
  • A five-year forecast method is used in order to assess how the market is predicted to develop.
  • More than 100 data tables and figures to assist in strategic decision making plans.

Purchase Report @ http://industryarc.com/purchasereport.php?id=1259

Checkout Webinar

About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 Reports Annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.

Media Contact
Mr. Sanjay Matthews
Sales Manager
Emailsales@industryarc.com
Contact Sales: 1-614-588-8538 (Ext-101)
Connect with us on LinkedInhttps://www.linkedin.com/company/industryarc
ICT Market Research Reportshttp://www.industryarc.com/Domain/7/information-communication-technology-market-research.html

Primary Logo

Powered by EIN News


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release