A Learning Management System (LMS) is a software application that is used to plan, implement, and assess a specific learning process. The LMS market has grown in recent years as technology has advanced and the need for remote learning has increased due to the COVID-19 pandemic. Major companies in the market include Blackboard, Canvas, D2L, Moodle, and Schoology. The LMS market is expected to continue growing as more educational institutions and businesses adopt online learning methods.
The learning management system (LMS) market is projected to grow at an astounding CAGR of 18.0% between 2022 and 2032. From US$ 18.8 Billion in 2022, the market is projected to grow to US$ 98.5 Billion in 2032.
“A rise in consumer preference for learning management systems and an increase in smartphone adoption with fast internet access are key drivers driving the market expansion throughout the analysed period.”
During the forecast period, the market growth is anticipated to be accelerated by elements such as the expansion of initiatives and developments aimed at digitalizing education, the widespread adoption of learning management systems by educational institutions, an increase in internet penetration, and a rise in smartphone adoption.
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- Increased demand for remote learning: The COVID-19 pandemic has accelerated the need for remote learning, and LMSs have become essential tools for delivering online education.
- Advancements in technology: The integration of new technologies, such as artificial intelligence and gamification, into LMSs has made online learning more engaging and effective.
- Growing popularity of e-learning: E-learning has become increasingly popular, as it offers convenience, flexibility, and cost savings compared to traditional classroom-based education.
- Rising demand from the corporate sector: The demand for LMSs has increased in the corporate sector, as companies seek to train employees and manage their professional development more effectively.
Key Players
- Blackboard Inc.
- Callidus Software Inc.
- Epignosis LLC
- John Wiley & Sons, Inc.
- Oracle Corporation
- Jzero Solutions Ltd.
- Paradiso Solutions
- SABA Software, Inc.
Recently Occurring Event
- PowerSchool declared that it would set the price of its class A common stocks at USD 18 per share on the New York Stock Exchange in July 2021. (NYSE). This would assist the business in paying down remaining IPO-related debt.
- Microsoft and D2L collaborated to integrate Brightspace LMS with Microsoft Teams in December 2020. By giving students access to a private Teams place on the Brightspace platform, this would improve the educational experience.
- Blackboard will introduce Blackboard Reach, a new K–12 product, in October 2020. The goal of the solution was to make it easier for parents and teachers to communicate and have in-person conversations.
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Key Segments Covered In The Learning Management System Market Report
Learning Management System by Component:
- Learning Management Solutions
- Learning Management Services
- Learning Management Consulting
- Learning Management Implementation
- Learning Management Support Services
Learning Management System by Delivery Mode:
- Distance Learning Management Systems
- Instructor-led Training Learning Management Systems
- Blended Learning Management Systems
Learning Management Systems by Deployment Mode:
- Cloud-based Learning Management Systems
- On-Premises Learning Management Systems
Learning Management System by End User:
- Learning Management Systems for Academics
- K-12
- Higher Education
- Learning Management System for Corporates
- Software & Technology
- Healthcare
- Retail
- Banking, Financial, Services and Insurance (BFSI)
- Manufacturing
- Government & Defense
- Telecom
- Other Corporate Users
Learning Management System by Region:
- North America Learning Management System Market
- Latin America Learning Management System Market
- Europe Learning Management System Market
- Asia Pacific Learning Management System Market
- Middle East and Africa Learning Management System Market
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Summary of Statistics
1.3. Key Market Characteristics & Attributes
1.4. FMI Analysis and Recommendations
2. Market Overview
2.1. Market Coverage
2.2. Market Definition
3. Market Risks and Trends Assessment
3.1. Risk Assessment
3.1.1. COVID-19 Crisis and Impact on Demand
3.1.2. COVID-19 Impact Benchmark with Previous Crisis
3.1.3. Impact on Market Value (US$ Mn)
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