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Global Learning Management System Market Insights & Forecast Report 2020: Market is Expected to Reach US$26.04 Billion in 2019, Growing at a CAGR of 20.31%, 2020-2024
Dublin, Nov. 25, 2020 (GLOBE NEWSWIRE) — The “Global Learning Management System Market (by Component, Deployment Model, User-Group and Region): Insights & Forecast with Potential Impact of COVID-19 (2020-2024)” report has been added to ResearchAndMarkets.com’s offering. The global learning management system market is expected to reach US$26.04 billion in 2019, growing at a CAGR of 20.31%, for the duration spanning 2020-2024. The factors such as the proliferation of e-learning, an increasing number of smartphone users, expansion of public cloud computing, rising usage of internet and demand for Bring Your Own device (BROD) would drive the growth of the market. However, the market growth would be challenged by low motivation and engagement to adopt LMS, lack of support post-implementation of LMS and lack of IT infrastructure in underdeveloped nations. A few notable trends may include rising investment in Artificial Intelligence (AI) startups, incorporation of Augmented Reality (AR) in LMS, increasing demand for gamification in LMS and adoption of digital learning. The global learning management system market is growing at a fast pace as the rate of its application is growing rapidly due to the increasing demand for digital learning. On the basis of user-groups, LMS is highly applied across corporate as well as academic sectors. The increasing trend of BYOD and enterprise mobility, as well as the growing emphasis on continuous learning, are aiding the growth of LMS in the corporate sector. While, the increased and proven results of e-learning among students, owing to the presence of various technical advantages, are resulting in the growth of LMS in the academic sector. The fastest-growing regional market was North America, due to the presence of the well established IT infrastructure, which persistently helped in creating new innovative products. Europe and Asia Pacific also held significant shares in the global market, owing to the high adoption rates of digital learning for various applications. Scope of the report: The report provides a comprehensive analysis of the global learning management market.The major regional markets (North America, Asia Pacific, Europe and ROW) have been analyzed.The market dynamics such as growth drivers, market trends and challenges are analyzed in-depth.The competitive landscape of the market, along with the company profiles of leading players (International Business Machines, SAP SE, Adobe, Pearson, Cornerstone OnDemand and Docebo) are also presented in detail. Key Target Audience: Hardware and Software Service ProvidersEducation SectorSystem AdministratorsNetwork Service ProvidersCorporate TrainingGovernment and Legal Bodies Key Topics Covered: 1. Overview1.1 Introduction1.2 Advantages of Learning Management Systems1.3 User Groups of Learning Management Systems1.4 Structure of Learning Management Systems 1.5 Major Aspects of Learning Management Systems 1.6 Future of Learning Management Systems 2. Impact of COVID-192.1 Rise in Adoption of Internet of Thing (IoT)2.2 Growth in Use of Social Media Platforms2.3 Increase in Expenditures on Education Technology2.4 Strategies by Digital Learning Companies 3. Global Market Analysis3.1 Global Learning Management System Market by Value3.2 Global Learning Management System Market Forecast by Value3.3 Global Learning Management System Market by Component3.3.1 Global Learning Management System Solution Market by Value 3.3.2 Global Learning Management System Solution Market Forecast by Value 3.3.3 Global Learning Management System Service Market by Value 3.3.4 Global Learning Management System Service Market Forecast by Value 3.4 Global Learning Management System Market by Deployment Model3.4.1 Global Cloud Learning Management System Market by Value 3.4.2 Global Cloud Learning Management System Market Forecast by Value 3.4.3 Global On-Premise Learning Management System Market by Value 3.4.4 Global On-Premise Learning Management System Market Forecast by Value 3.5 Global Learning Management System Market by User-Group3.5.1 Global Corporate Learning Management System Market by Value 3.5.2 Global Corporate Learning Management System Market Forecast by Value 3.5.3 Global Academic Learning Management System Market by Value 3.5.4 Global Academic Learning Management System Market Forecast by Value 3.6 Global Learning Management System Market by Region 4. Regional Market Analysis4.1 North America4.1.1 North America Learning Management System Market by Value 4.1.2 North America Learning Management System Market Forecast by Value 4.1.3 North America Learning Management System Market Value by Region4.1.4 The U.S. Learning Management System Market by Value 4.1.5 The U.S. Learning Management System Market Forecast by Value4.1.6 Canada Learning Management System Market by Value4.1.7 Canada Learning Management System Market Forecast by Value 4.1.8 Mexico Learning Management System Market by Value 4.1.9 Mexico Learning Management System Market Forecast by Value 4.1.10 North America Learning Management System Market Value by User-Group4.1.11 North America Corporate Learning Management System Market by Value 4.1.12 North America Corporate Learning Management System Market Forecast by Value4.1.13 North America Academic Learning Management System Market by Value4.1.14 North America Academic Learning Management System Market Forecast by Value 4.2 Europe4.3 Asia Pacific 4.4 ROW 5. Market Dynamics5.1 Growth Drivers5.1.1 Proliferation of E-Learning5.1.2 Increasing Number of Smartphone Users 5.1.3 Expansion of Public Cloud Computing5.1.4 Rising Usage of the Internet5.1.5 Demand for Bring Your Own Device(BYOD)5.2 Key Trends and Developments5.2.1 Rising Investment in Artificial Intelligence (AI) Startups5.2.2 Incorporation of Augmented Reality (AR) in LMS5.2.3 Increase in Demand for Gamification in LMS5.2.4 Adoption of Digital Learning5.3 Challenges5.3.1 Low Motivation and Engagement to Adopt LMS5.3.2 Lack of Technical Support Post Implementation of LMS5.3.3 Lack of IT Infrastructure in the Underdeveloped Nations 6. Competitive Landscape6.1 Global Market 6.1.1 Key Players – Revenue Comparison 6.1.2 Key Players – Research & Development (R&D) Expenditures6.1.3 Key Players – Market Cap Comparison 7. Company Profiles7.1 International Business Machines7.1.1 Business Overview7.1.2 Financial Overview7.1.3 Business Strategies7.2 SAP SE7.3 Adobe7.4 Pearson7.5 Cornerstone OnDemand7.6 Docebo For more information about this report visit https://www.researchandmarkets.com/r/gb1mb8 Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT:
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