Learning Management System (LMS) Market - Forecast (2024 - 2030)

Learning Management System Capital investments are pouring into smart learning start-ups as investors are trying to gain a foothold in the emerging e-learning business ecosystem. This is reflecting positively over the concept of learning management system (LMS). Mergers and acquisitions are a prominent trend in the global LMS market currently. According to LMS.org, Germany-based Bertelsmann purchased OnCourse Learning, a digital learning provider for healthcare and finance for $500 million.?Other notable investments include $64m to Coursera in 2017, and funding of $190m for Evarfi, an internet-based educational startup that serves Google, Airbnb, and Oracle. The learning management system market was valued to be $9.4 billion in 2018. With increasing demand, the global learning management system is projected to grow with a CAGR of 18.95% during the forecast period of 2019 to 2025.?

North America was the most dominant region in the learning management system, accounting for a share of 34.25% in 2018. This hefty market share is attributed to the advanced technological innovations in the e-learning services and tools. The presence of a number of enterprises and the ballooning start-up culture in the region are the main factors supporting the learning management system market growth. However, APAC and Europe LMS markets follow close behind, led by an increase in government-funded projects in rural areas catalyzed by the accelerating adoption of e-learning techniques. Additionally, the massive population equipped with the Internet, residing in the region is considered as one of the major reasons to lead the regional learning management system market. ??

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Learning Management Systems Market Outlook:

Over the years, the e-learning concept has significantly increased in the IT sector; with the corporate sector emerging as the key application for the global LMS market. The corporate application of LMS is projected to grow at a CAGR of 21.37% during the forecast period, led mainly by MNCs using these e-learning solutions to provide training to their employees in various fields such as sales, programming, marketing, and business. Integrating this instructor-led training allows companies to keep their workforce updated with the latest programs. The global increase in the number of enterprises are expected to increment the requirements of dedicated learning management systems which further is poised to bolster demands in the global learning management system market.

Learning Management Systems Market Growth Drivers

·Prevalent Smartphones Coupled with Advanced Cloud-Based Software: The extensive use of smartphones and cloud-based learning platforms have propelled growth in the LMS market. The LMS providers are investing significant capital into their R&D activities and are coming up with new mobile and smartphone based learning techniques to address the market shift in the global LMS market. As per the GSMA, around 5.21 billion unique mobile connections were registered as of March 2019.?The global smartphone and mobile demands are expected to grow at a constant rate in the near future, which will encourage the application of LMS on smartphones, further increasing revenues for the global learning management system market.?

·Video-Based Learning: Video-based e-learning is emerging as one of the most functional forms of learning. The integration of videos in the learning process, both uploaded and streamed, is the consequence of advancement in high-speed internet networks. Video-based learning adds various dimensions to learning techniques. For instance, taking notes, providing feedback, clearing doubts, and tracking progress have become easy tasks through integration with video. Additionally, video-based learning gives the user the freedom to watch the video at any point of time and at any location; and students can also rewind, store, and re-watch the content at their convenience. The robust growth in wireless network connectivity is supporting the growth of e-learning software.

Learning Management Systems Market Trends

·Micro-learning: Micro-learning refers to a specific pattern of learning. This pattern involves learning through brief modules that include quizzes, small games, and videos. This pattern has significantly improved the average retention capacity among people. Micro-learning is also trending because it can be implemented on any device, namely smartphones, tablets, laptops, and computer.? ?

·Learning Assistance through Artificial Intelligence: Artificial intelligence is paving its way into learning management systems. Service providers are relying on bots that guide learners through the software. Integrating artificial intelligence with LMS can help predict the learner’s behavior, thereby helping the program generate personalized learning patterns. Voice-guided bots are being employed within the LMS to ensure an interactive learning experience.

·LMS to LXP: The learning management system are transitioning into learning experience platforms (LXPs). This shift in the LMS industry is promoting a learner-driven model which has naturally encouraged users to move from prescriptive learning to subscription-based learning methods. LXP is projected to drive actionable knowledge to students that directly supports the students in business and work performance.

Learning Management Systems Market Key Players Perspective –

The key players in the learning management systems market are SAP Litmos, Blackboard Learn Inc., McGraw-Hill, Docebo, Brightspace, Udemy.com, Schoology, Moodle, Canvas, Edmodo, Desire2Learn Corp., Cornerstone OnDemand Inc., Pearson Plc., and SAP ERP.