Product ID: SQMIG45F2111
Report ID:
SQMIG45F2111 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
92 |
Figures:
76
Global Learning Management Systems Market size was valued at USD 21.22 billion in 2019 and is poised to grow from USD 24.7 billion in 2023 to USD 96.89 billion by 2031, growing at a CAGR of 16.4% in the forecast period (2024-2031).
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.
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REQUEST FREE CUSTOMIZATIONGlobal Learning Management Systems Market size was valued at USD 21.22 billion in 2019 and is poised to grow from USD 24.7 billion in 2023 to USD 96.89 billion by 2031, growing at a CAGR of 16.4% in the forecast period (2024-2031).
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Product ID: SQMIG45F2111