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Technavio’s market research analysts predict the global next gen LMS market to grow steadily during the next four years and post an impressive CAGR of more than 26% by 2020. This industry research report identifies the better content management functionalities offered by these learning management systems to be one of the major factors that will have a positive impact on the growth of this market in the coming years. LMS offers a centralized learning system through which educational institutions can offer a wide variety of learning content to students. Course management systems not only assist in the production of various content that can be aligned with the needs of students but can also be used to manage and track relevant courses. Additionally, LMS systems provide a platform for users to create profiles and share content through posts, tags, ratings, and newsfeeds and also allow instructors to embed YouTube videos and SlideShare presentations while designing course lessons.
The emergence of mobile learning will be one of the major trends that will gain traction in this market in the next four years. The increased adoption of bring-your-own-device (BYOD) policy by educational institutions around the world, compels the integration of LMS and BYOD polices. However, with the task of managing a wide range of individually-owned devices becoming complex, companies will start adopting the corporate-owned, personally enabled (COPE) policy, in which, the devices are provided by the organization. This will result in an exponential increase in the use of mobile devices and vendors will focus more in their R&D to offer more mobile compliant features.
The market is characterized by the presence of several regional and international LMS vendors and appears to be fragmented. The market’s growth potential will induce several new vendors to enter the market, which will intensify the competitive environment among market players. Vendors offering traditional LMS solutions are innovating and adding features to maintain their position in the market. Since the market accommodates a huge number of vendors, no player holds major market shares. To survive the fierce competition, learning management system vendors have the need to offer functionalities that address the unique business needs of their target customers.
The leading vendors in the market are -
The other prominent vendors in the market are City & Guilds, Haiku Learning, Saba Software, and Schoology.
During 2015, the corporate segment accounted for major market shares and dominated the industry. Corporate training programs are flexible, collaborative, and interactive in nature and enable companies to develop and maintain employee training programs without allocating huge funds and resources. Several corporate organizations have started focusing on efficiently archiving employee learning experiences from various sources. This will induce the creation of customized learning programs that provide valuable information to develop appropriate career succession planning strategies. As a result, this segment will continue to dominate the market during the next four years as well.
This market research study predicts that in terms of geographical regions, North America will be the major revenue contributor to the market throughout the next four years. The US will be the major revenue contributor in this region and this is mainly due to the increased investment of corporate industries to train employees in different locations and the rise in focus of educational institutions to incorporate e-learning. Factors such as the availability of proper IT infrastructure to support advanced teaching methodologies and the rise in awareness among end-users will fuel market growth in this region.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by end-user
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Other prominent vendors
PART 16: Appendix
PART 17: Explore Technavio
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