USD 21.22 billion
Report ID: SQSG45F2004 | Region: Global | Published Date: April, 2023 | Pages: 165 | Tables: 92 | Figures: 76
Global Learning Management Systems Market size was valued at USD 21.22 billion in 2021 and is poised to grow from USD 24.7 billion in 2022 to USD 96.89 billion by 2030, growing at a CAGR of 16.4% in the forecast period (2023-2030).
Learning Management Systems (LMSs) are primarily used for online learning, but they can also be used for other purposes, such as serving as a platform for online content such as asynchronous and synchronous courses. Furthermore, LMS software, also known as computer-based training software, assists educational institutions and businesses in better managing their online learning programs, which can be a very effective way to improve employee engagement and retention while also improving skill levels.
The Learning Management Systems Market is being driven by an increase in the adoption of learning management systems for online learning and inline classes in order to reduce costs and improve convenience. Furthermore, the growth of the learning management systems Learning Management Systems Market is accelerated by an increase in smartphone penetration combined with fast internet connectivity, a rise in consumer preference for learning management systems, and widespread adoption of these systems by educational institutions. However, the market's growth is hampered by high course prices and unreliable internet connections in rural areas. On the contrary, due to factors such as automation of human-intervened operations, the integration of artificial intelligence (AI) offers significant opportunities for learning management system companies to expand their offerings. Furthermore, there is expected to be an increase in the number of developments and initiatives aimed at digitalizing education.
US Learning Management Systems Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 21.22 billion
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The Global Learning Management Systems Market is segmented based on user type, deployment type, industry verticals, and region. Based on User Type it is categorized into Academic and Enterprises, Based on Deployment Model it is categorized into On-Premise and Cloud, and Based on Industry Vertical it is categorized into Government & Education, Retail, Healthcare, IT & Telecom, Manufacturing, Hospitality, and Others. Based on the region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Learning Management Systems Market Analysis by Industry vertical
Due to the growing demand for effective learning tools for training students, the academic segment is expected to account for the majority of Learning Management Systems Market share during the forecast period. K-12 and higher education are the two sub-segments of this category, with the K-12 subsegment surpassing the higher education subsegment. According to the SQ Analysis, LMS will be used by 64% of K-12 schools and 36% of higher education colleges and universities.
The market is expected to be driven by the rapid adoption of LMS across K-12. Its growing popularity in the corporate sector is expected to accelerate, as it allows businesses to conduct meetings, training, and entrepreneurship programs efficiently regardless of distance. Flexible learning environments for online training are becoming increasingly popular in the healthcare industry. E-learning is being used by the retail industry to provide sales training and product information to their employees. For example, to improve staff, brand, and product knowledge, Gekko launched a digital learning solution for the retail industry. The demand for learning management systems is expected to rise as a result of such initiatives.
Learning Management Systems Market Analysis by Deployment type
During the forecast period, the On-Cloud segment is expected to have a dominant Learning Management Systems Market share. Based on our analysis we found that, earlier, due to its in-house safety and security capabilities, the on-premises segment dominated the market. Small businesses and educational institutions are increasingly moving toward cloud-based deployment models because of the pricing flexibility. On the other hand, the demand for the software as a service (SaaS) model is increasing due to the ease of use when connecting various applications and services. Cloud deployment creates a stable, flexible, scalable, and secure infrastructure, which is expected to boost learning management system market growth.
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In 2022, North America is expected to dominate the learning management systems market because of the growing ed-tech activities in the region. There are many colleges and universities in the United States. This factor would provide players with a huge opportunity to expand their businesses in this country. According to the EdSurge ed-tech funding database, in 130 deals in 2020, education technology startups in the United States invested USD 2.2 million in venture and private equity funding. The investment is roughly 30% higher than the previous year, USD 1.7 million was invested in year 2019. As a result, North America is a significant contributor to Learning Management Systems Market expansion.
Similarly, the use of open-source learning management systems (LMS) has grown in Europe. According to Brighteye Advisors' European Ed-Tech Funding Report, 2021, EdTech funding in Europe increased to USD 711 million in 2020, up from USD 651 million in 2019. The demand for online learning is growing in Europe's educational and corporate sectors.
Over the forecast period, Asia Pacific is expected to have the fastest growth. China, Australia, India, Japan, Malaysia, Singapore, and other Asian Pacific developing economies are making an investment into platforms that promote online education, training, and courses. For instance, Chinese e-learning leaders such as TAL Education Group and GSX Techedu raised approximately USD 3.2 million in February 2020 to promote e-learning technology across the country. Similarly, Australia's ed-tech industry is the country's second-largest start-up community, and it is creating significant Learning Management Systems Market opportunities. As a result, the market in Asia Pacific is expected to grow rapidly.
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Key players are concentrating on the continuous development of their product portfolios through the use of advanced technologies. They are expanding their product portfolios to meet the demand for industry-specific and custom offerings. For instance, In May 2022, Class Technologies Inc. acquired Blackboard Inc., a well-known EdTech company that serves higher education, government clients, and businesses. With this acquisition, the company hopes to focus on providing creative resources to a variety of businesses while also accelerating innovation in its flagship learning management system. Similarly, strategic alliances, acquisitions, and collaborations would assist key players in increasing their Learning Management Systems Market share.
Learning Management Systems Market Top Players Company Profiles
Learning Management Systems Market Recent Developments
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According to our analysis, the rising number of smartphone users, rising internet penetration, and rising uses of digital media have resulted in a significant increase in online users. This creates a whole new avenue for dynamic e-learning solutions, which will expand the Learning Management Systems market over the forecast period.
The rise of 5G technology has resulted in advanced changes in the cloud computing industry. 5G's low latency connectivity allows for faster data transfers and smoother communications. 5G speeds up access to video analytics and artificial intelligence, making the city a safer place. This allows city managers, building owners, and facility managers to make better decisions and provide better public services. The full transformational potential of 5G is yet to be realized, and this presents a significant growth opportunity for the LMS market.
|Market size value in 2021||USD 21.22 billion|
|Market size value in 2030||USD 24.7 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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For the Global Learning Management Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Learning Management Systems Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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