Learning Management System (LMS) Market Size to Grow by USD 44978.02 Million From 2022 to 2027: A Descriptive Analysis of Customer Landscape, Vendor Assessment, & Market Dynamics - Technavio
NEW YORK, Nov. 28, 2022 /PRNewswire/ -- Technavio categorizes the global learning management system (LMS) market as a part of the education services market, the parent market. The consumer electronics market covers products, services, and solutions that are offered to educational institutions, corporate institutions, students, parents, individuals, and teachers. The global learning management system (LMS) market size is estimated to increase by USD44978.02 million from 2022 to 2027. The market's growth momentum will accelerate at a CAGR of 20.85%.
Global Learning Management System (LMS) Market - Customer Landscape
To help companies evaluate and develop growth strategies, the report outlines ?
Key purchase criteria
Adoption rates
Adoption lifecycle
Drivers of price sensitivity
Global Learning Management System (LMS) Market? Vendor Analysis
Vendor Landscape - The global learning management system (LMS) market is fragmented, with the presence of many local and international players. The majority of the vendors in the market are based in North America and Europe. Most of the vendors operating have a strong geographical presence, cater to multiple end-user segments, and provide differentiated features in their product offerings. The vendors are also diversifying portfolios by developing software solutions that can be accessed on-premises or on cloud.
However, vendors are facing stiff competition from open-source LMS solutions such as Moodle. Open-source LMS is increasingly being adopted in various parts of Europe and in certain parts of North America and APAC, especially in the academic sector. Apart from this, the advent of alternative solutions such as Nextgen LMS and AI have compelled vendors to up their game and provide additional features with LMS software or else get substituted. Hence, the competition among the vendors is expected to be moderate during the forecast period.
Vendor Offerings -
Adrenalin eSystems Ltd.: The company offers learning management systems such as Adrenalin Learning Management System.
Blackboard Inc.: The company offers learning management systems such as Blackboard Learn.
Classe365: The company offers learning management systems such as Classe365 LMS.
Clearlake Capital Group L.P.: The company offers learning management systems such as Cornerstone LMS software.
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Global Learning management system (LMS) Market - Segmentation Assessment
Geography Overview
By geography, the global learning management system (LMS) market is segmented into APAC, North America, Europe, Middle East and Africa, and South America. The report provides actionable insights and an accurate estimation of the contribution of all regions to the growth of the global learning management system (LMS) market.
North America held a 34% share of the global learning management system market in 2022. The increasing popularity of continuous learning is encouraging schools and institutions to invest in modern technologies that can be used to provide students with a unique learning experience and enable educators to deliver and access content from anywhere at any given point in time. Also, the increased popularity and growing awareness of eLearning have increased the scope for growth in the learning management system market in North America.
Segment Overview
By end-user, the global learning management system (LMS) market is segmented into academic and corporate.
The market share growth of the academic segment will be higher than the other segments during the forecast period. The segment is driven by the rising popularity of online learning and the increase in the number of universities providing online learning. Further, the growing prominence of m-learning as a mode of teaching in schools and colleges has been fostering the growth of the segment.
Global Learning Management System (LMS) Market? Market Dynamics
Impactful Driver - The adoption of NGDLE in the academic sector is driving the growth of the market. Educational institutions and corporate organizations are increasingly opting for a next-generation digital learning environment (NGDLE) to develop effective learning programs that ensure high efficiency in executing tasks and better retention rates of employees. LMS is part of NGDLEs, which not only provides a centralized learning environment but also helps support the pedagogical model of teaching in schools, colleges, and corporates. Thus, the increasing adoption of NGLDE will drive the growth of the global learning management system market during the forecast period.
Key Trend - The increasing popularity of cloud-based LMS is the key trend in the market. With the advent of technologies, organizations are increasingly embracing cloud-based solutions. To cater to this growing interest, vendors are switching to cloud-based LMS. These solutions eliminate the need for servers on the organization's premises. They are available on a subscription basis and the implementation cost is very less when compared with traditional LMS. Many such benefits associated with the adoption of cloud-based LMS will have a positive impact on the growth of the market in focus.
Major Challenge - An increase in the number of open-source LMS is the major challenge in the market. The adoption of open-source LMS is increasing in the academic sector, especially in the higher education sector. Their increased adoption has resulted in an influx of LMS providers offering open-source platforms for end-users. Besides, open-source LMS solutions do not fall under restrictive copyright laws, which deduct the licensing fee from the cost of ownership. All these factors are reducing the growth potential in the market.
The next gen learning management system (LMS) market for higher education share is expected to increase by USD 4.05 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 30%. The market is segmented by application (blended learning, content management, CBE, and learning analytics) and geography (North America, Europe, APAC, South America, and MEA).
The predicted growth of thee-learning market share from 2021 to 2026 is USD 1.72 trillion at a progressing CAGR of 16.35%. The market is segmented by end-user (higher education, corporate, and K-12) and geography (North America, Europe, APAC, South America, and MEA).
Learning Management System Market Scope
Report Coverage
Details
Page number
160
Base year
2022
Historical year
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 20.85%
Market growth 2023-2027
USD 44978.02 million
Market structure
Fragmented
YoY growth (%)
19.21
Regional analysis
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 34%
Key consumer countries
US, Canada, China, UK, and Germany
Competitive landscape
Leading companies, Competitive Strategies, Consumer engagement scope
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview
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Table of contents:
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary ? Chart on Market Overview
Exhibit 02: Executive Summary ? Data Table on Market Overview
Exhibit 03: Executive Summary ? Chart on Global Market Characteristics
Exhibit 04: Executive Summary ? Chart on Market by Geography
Exhibit 05: Executive Summary ? Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary ? Chart on Market Segmentation by Deployment
Exhibit 07: Executive Summary ? Chart on Incremental Growth
Exhibit 08: Executive Summary ? Data Table on Incremental Growth
Exhibit 09: Executive Summary ? Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global learning management system market 2017 - 2021
Exhibit 18: Historic Market Size ? Data Table on Global learning management system market 2017 - 2021 ($ million)
Exhibit 164: Validation techniques employed for market sizing
Exhibit 165: Information sources
13.5 List of abbreviations
Exhibit 166: List of abbreviations
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