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The academic and corporate learning management system (LMS) market in US size is forecast to increase by USD 20.95 billion at a CAGR of 27.17% between 2023 and 2028. The report includes historic market data from 2018 - 2022. The market is experiencing significant growth due to the increasing emphasis on digitization in the education and corporate sectors. Cloud-based LMS solutions are increasingly being implemented to facilitate remote learning and training, reducing the need for physical infrastructure and hardware. This shift towards digital learning platforms is not only cost-effective but also more efficient and convenient for students and employees. The market growth is further fueled by the need for scalable and customizable LMS solutions that cater to the unique requirements of various educational and corporate institutions. The integration of advanced features such as artificial intelligence, machine learning, and gamification is also driving the adoption of LMS systems in both academic and corporate settings.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
360Learning SA: The company offers a software-as-a-service (SaaS) based learning engagement platform for corporates to connect leaders and learners. It also offers Looop LMS, which is an academic and corporate LMS.
The market report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market research and growth and players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the content management segment will be significant during the forecast period. Content management solutions allow users to manage their content from one place. Content can be edited, added, and viewed depending on the permissions provided to the user. These systems help manage different versions of the same document stored in different locations. The digitization of education has led to the inclusion of various courses in school and university curricula that can improve the employment prospects of graduates. This has significantly increased the demand for online courses. Therefore, many LMS providers offer content development services to their customers.
Get a glance at the market contribution of various segments View PDF Sample
The content management segment was valued at USD 1.82 Billion in 2018. Content is the main component of any online course. An LMS allows clients to efficiently create, store, and manage content based on their course needs. In addition, changing market dynamics in the corporate sector have created a need to update existing content and reduce employee skills gaps. An LMS makes it easy to distribute content to staff and students. It is also compatible with a wide range of mobile devices and can be accessed from smartphones, smart devices personal computers (PCs), laptops, and tablets. Such factors are expected to drive the growth of this segment over the forecast period.
The market encompasses academic institutions and corporate settings, leveraging software platforms to deliver training programs and educational content. Students' progress and teachers' interactions are facilitated through multimedia-rich classes and distance learning segments. In the corporate sector, employee training is a significant focus, with cloud segment solutions enabling enterprise resistance and scalability. The solution segment offers various services, including course materials and examinations, catering to large-scale organizations in the retail vertical segment. E-learning content creators play a crucial role in developing engaging and effective content for these platforms. Cloud-based deployment segments ensure accessibility and flexibility for both academic and corporate users.
In the dynamic world of Academic and Corporate Learning, Learning Management Systems (LMS) have emerged as indispensable tools for training and development programs. The distance learning segment, including eLearning services, has witnessed significant growth in the use of LMS. Bring Your Own Device (BYOD) policies have further expanded the accessibility of these systems. The market caters to various service segments, such as software and technology verticals, and large-scale organizations. Cloud-based deployment is a popular choice due to its flexibility and cost-effectiveness. HR departments in corporations leverage these systems to manage and deliver training courses effectively. Training courses in the corporate sector are increasingly being delivered through LMS platforms. The eLearning services market continues to grow, driven by the demand for flexible, cost-effective, and efficient training solutions. USB drives are still used for offline distribution of course content but are gradually being replaced by cloud-based solutions.
The LMS market in the software and technology vertical segment is expected to grow at a robust pace due to the increasing need for continuous learning and skill development in this sector. The large-scale organization segment also invests heavily in LMS solutions to manage their training and development programs effectively. In conclusion, the Academic and Corporate LMS market is a thriving sector that offers innovative solutions for training and development programs. It caters to various segments, including these services, software and technology verticals, and large-scale organizations, and is driven by the need for flexible, cost-effective, and efficient training solutions. Our researchers analyzed the data with 2023 as the base year, along with the market trends and analysis, drivers, and challenges. A holistic market in US growth analysis and report of drivers, Market forecasting, market analysis and report, will help companies refine their marketing strategies to gain a competitive advantage.
The market is driven by the increased emphasis on the digitization of education. The need for quality education has become a must for students. Current teaching methods emphasize critical thinking, creativity, and innovation. Demand for technology and computational skills is expected to increase during the forecast period. With the advent of digital transformation, the concept of e-learning and blended e-learning has become very important. The rapid adoption of the Internet in emerging markets has also increased the demand for online training in the corporate sector. The availability of online courses in a wide variety of subjects and areas of study has facilitated the adoption of integrated the systems.
The emergence of Mobile phones learning is the primary trend in the market growth. As BYOD policies become more prevalent, access to content and the ability to effectively use gadgets to learn and interact will continue to grow. Learners access information through their mobile devices. Therefore, the integration of LMS and BYOD policy is very important. The corporate sector is paving the way for COPE to replace BYOD. This is because IT teams are burdened with the complex task of providing information and managing a large number of devices. In the COPE model, devices are issued by the organization and controlled by the IT department. Therefore, the use of mobile devices in the enterprise sector is expected to continue to provide opportunities for market players to offer more mobile-compatible features.
Vendors producing educational technology content and products are focusing on reaching a wider audience. Most content and course offerings are designed for mobile devices. This indicates a strong demand for blended learning and the incorporation of new forms of learning, such as social learning and gamification. All these developments require new capabilities to be built into the LMS to enable personalized and adaptive learning. Moreover, this should be done without jeopardizing standards and curricula. LMS vendors are focusing on integrating and modifying mobile features such as learning workflows, delivery, and assessment. Such parameters are anticipated to have a positive impact on market growth during the forecast period.
The uncertainty in selecting an LMS is a major challenge to the market growth. The market is highly fragmented, with many local and international players. Hence, there is considerable uncertainty among customers when it comes to choosing the right LMS for their business. The corporate sector often faces this challenge, as most companies do not conduct effective assessments of their learning needs. The assessment request process is critical before deploying the learning platform, which acts as a hub for disseminating information about policy and process changes.
Due to changing internal and external economic conditions, it is important for employees and students to improve their skills. Therefore, a systematic scoring system is required to identify gaps in knowledge and areas that need attention. This not only helps institutions develop plans to meet the learning needs of their staff and students but also helps them remain competitive in the market over the long term. Without a robust system, a company's strategic goal of achieving competencies can be undermined. Such uncertainties are expected to hamper the growth of the US academics and corporate learning management system (LMS) market.
The market development analysis report includes the market growth analysis, adoption lifecycle of the market, from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on market penetration. Furthermore, the market research and growth report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD billion " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
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The market is experiencing significant growth due to the increasing demand for flexible and efficient learning solutions. With the advent of technology, institutions and corporations are embracing digital platforms to deliver training programs and enhance employee skills. Academic LMS enables educational institutions to manage student enrollment, course delivery, and assessment, while Corporate LMS caters to the training needs of businesses, offering features like content authoring, reporting, and analytics. The LMS market is driven by factors such as the shift towards remote learning, increasing focus on employee development, and the integration of artificial intelligence and machine learning. The market is expected to continue its expansion in the coming years, as more organizations recognize the benefits of implementing a comprehensive LMS solution.
In today's digital age, Academic and Corporate Learning Management Systems (LMS) have become indispensable tools for effective knowledge delivery and management. These advanced platforms facilitate online debates, enabling students and professionals to engage in intellectual discourse from the comfort of their homes. LMS also streamline homework submission and grading processes, providing instant feedback and gradebook management. Moreover, LMS cater to diverse instructional approaches, offering business training, development programs, skill development plans, and compliance training modules. Performance monitoring tools integrated into these systems allow for real-time tracking of student progress and performance statistics. HRMS systems, with aidriven features, further enhance employee engagement by providing personalized learning experiences tailored to individual requirements and preferences.
Cutting-edge technologies like virtual reality and augmented reality offer immersive learning experiences, fostering specialized skills development essential for employability in the modern workforce. Career development and job search resources are also integrated into these systems, ensuring a comprehensive learning ecosystem. Digital devices are utilized to access these LMS, making learning more accessible and convenient than ever before. Microlearning through bitesized modules and learning analytics enable continuous skill development and improvement. LMS platforms are essential for workforce development programs and corporate training initiatives, offering a one-stop solution for instruction, assessment, and reporting.
Academic And Corporate Learning Management System Market in US Industry Scope |
|
Report Coverage |
Details |
Page number |
133 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 27.17% |
Market growth 2024-2028 |
USD 20.95 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
20.99 |
Regional analysis |
US |
Performing market contribution |
North America at 100% |
Key countries |
US |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
360Learning SA, Adrenalin eSystems Ltd., Blackboard Inc., Cornerstone OnDemand Inc., D2L Inc., Degreed Inc., Docebo Inc., Epignosis LLC, GENTLAB S.R.L, Instructure Holdings Inc., Moodle Pty Ltd., Oracle Corp., PowerSchool Holdings Inc., SAP SE, Skillsoft Corp., Sprout On Web Pty. Ltd., Tovuti Inc., Violet InfoSystems Pvt. Ltd., Workday Inc., and Xperiencify |
Market dynamics |
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, condition analysis for the market projection period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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