New York, According to a new market research report published by Global Insight Services “Learning Management System (LMS) Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A learning management system (LMS) is a software application or web-based technology used to plan, implement, and assess a specific learning process. Typically, LMSs are used in education and corporate training to deliver course content and track employee progress.
LMSs can be used to deliver content in a variety of formats, including text, audio, video, and interactive games. They can also be used to track learner progress, providing data that can be used to improve the learning process.
Most LMSs include a range of features, such as the ability to create and manage courses, assign and track assignments, and provide reports on learner progress. Some LMSs also include social features, such as forums and blogs, that allow learners to interact with each other and with the instructors.
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Key Players
- 360Learning
- Absorb LMS Software Inc.
- Adobe LMS
- Articulate Global
- Blackboard Inc.
- Braincert
Key Trends and Drivers
The key trends in the LMS market are:
- Increasing demand for mobile learning: The demand for mobile learning is increasing as employees are increasingly using their smartphones and tablets for work. Mobile learning allows employees to access training content anytime, anywhere.
- Increasing demand for cloud-based solutions: Cloud-based LMS solutions are growing in popularity as they are easier to deploy and manage than on-premise solutions. Cloud-based solutions are also more scalable and offer pay-as-you-go pricing.
- Increasing adoption of social learning: Social learning is an effective way to engage employees in learning. Social learning platforms such as Yammer and Chatter allow employees to share knowledge and best practices.
- Increasing adoption of gamification: Gamification is a popular trend in eLearning. Gamification techniques such as points, badges, and leaderboards can motivate employees to complete training courses.
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Market Segments
By Deployment
- Cloud-based
- On-Premise
By Delivery Mode
- Distance Learning
- Blended Mode
- Instructor-led
By End-User
- Corporates
- Academic institutes
- Government
By Provider
- Content
- Services
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