$19.05 Bn for Global Learning Management System Market by 2022
Global Learning Management System Market worth to gain $19.05 bn by 2022, according to new statistics released by the Zion Market Research, the market research group.
Learning management system is software which allows the user to plan, access and execute education process. Colleges and companies use them to deliver online training, core corporate sectors them for training purposes as well as for maintaining employee records. Some other online systems are used to support course delivery and provide online learning and blended learning opportunities for students and employees. Another purpose of learning management system is to offer courses that provide students access to education.
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Learning management system is divided into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. Geographically, North America is dominating the learning management system market. Due to rising need of effective and quality education, North America is playing the prominent role in this market. Educational institution and corporate sectors are strongly adopting the learning management system which is helping to impel the market growth of learning management software. However, the major restraining factor of learning management system in North America is the low degree of customization and low desired integration. Several educational institutions fail in effective implementation of learning management system owing to low budget and expertise. Nonetheless, several applications and solution will provide opportunities for growth of learning management system market in North America over the forecast period.
Europe is another leading market in case of learning management system due to an adoption of e-learning, business emphasizes on continuous learning practices and cloud technology for LMS software.Furthermore, the convenience of flexible learning and availability of choices for curriculum creation is expected to increase demand of learning management systems in Europe.
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Asia pacific is also expected to record significant growth in near future due to the increased government funded projects in rural areas about literacy developments.Business sector is also projected to accelerate demand of learning management system market over the forecast period.Brazil learning management system applications have more interactive and personalized learning environment in digital space. Traditional learning management systems are blending with cloud technology and SaaS-based delivery model which helps to focus on training and development practices.Increasing need of higher education and emerging economies are creating growth opportunities in Middle East & Africa.
Major market participants in learning management system areIBM Corporation, Blackboard Inc., SAP SE, ACS Technologies Group, Inc., M cGraw-Hill Education, Oracle Corporation, Cornerstone Ondemand, Inc., IST AB, Saba Software, Inc., Skillsoft Limited and Upside Learning Solutions Pvt. Ltd. among others.
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The report segments global learning management systems market as follows:
Global Learning Management System Market: Delivery Mode Segment Analysis
- Distance Learning
- Instructor-Led Training
Global Learning Management System Market: User Type Segment Analysis
Global Learning Management System Market: Application Segment Analysis
- Content Management
- Performance Management
- Communication and Collaboration
Global Learning Management System Market: Vertical Segment Analysis
- Telecom and IT
Global Learning Management System Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
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