US Academic and Corporate Learning Management System (LMS) Market Growth by Application and End-user - Forecast and Analysis 2023-2027

US Academic And Corporate LMS Market Forecast 2023-2027

The academic and corporate LMS market size in US is estimated to grow by USD 11.78 Billion at a CAGR of 20.67% between 2022 and 2027. The report includes historic market data from 2017 to 2021. This report also includes an in-depth analysis of drivers, trends, and challenges.

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 e-learning systems. 

What will be the Size of the Academic And Corporate LMS Market in US During the Forecast Period?

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In such scenarios, learners work under an instructor/mentor associated with an online course. Such teaching methods have led to developments in almost every industry. In traditional classroom environments, work commitments make it difficult for employees to learn and improve their skills. However, in a blended e-learning system, these sessions are supervised by teachers and trainers, and consumers can decide which specific topics to study regardless of their complexity. To support these e-learning systems, the focus on systems such as LMS has increased, which will continue to drive the growth of the US academic and corporate learning management system market.  

Who are the Major Academic and Corporate LMS Market Companies in US?

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 in US also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

• 360Learning SA
• Adrenalin eSystems Ltd.
• Blackboard Inc.
• Classe365
• Cornerstone OnDemand Inc.
• D2L Corp.
• Degreed Inc.
• Docebo Inc.
• Epignosis
• GENTLAB S.R.L
• Instructure Holdings Inc.
• Moodle Pty Ltd.
• Oracle Corp.
• PowerSchool Holdings Inc.
• SAP SE
• Skillsoft Corp.
• Tovuti Inc.
• Violet InfoSystems Pvt. Ltd.
• Workday Inc.
• Xperiencify LLC

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Market Segmentation by Application

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.

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The content management segment was valued at USD 1.57 Billion in 2017 and continued to grow until 2021. 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.  

Market Dynamic

Our researchers analyzed the data with 2022 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Major Trends

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. 

Challenge

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.  

Customer Landscape

The report includes the 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 report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies. 

Global Market Customer Landscape

Segment Overview

The market research report in US forecasts market growth by revenue and provides an analysis of the market growth and trends opportunities from 2017 to 2027. 

• Application Outlook (USD Million, 2017 - 2027)
  • Content management
  • Student management
  • Performance management
  • Others

• End-user Outlook (USD Million, 2017 - 2027)
  • Corporates
  • Higher education institutions
  • K-12 schools

Market Analyst Overview

The market is witnessing significant growth driven by the integration of advanced technologies and the increasing demand for human capital development. Organizations, including universities and corporations, are adopting LMS solutions to enhance employee learning and development, thereby improving organizational competitiveness.

Key factors influencing the market include the need for innovative software solutions, the impact of the pandemic on IT spending, and the war in Ukraine affecting global economic conditions. The market is also influenced by consumer IT spending trends, particularly in regions like Asia Pacific and Latin America.

Leading market players are focusing on revenue growth objectives, particularly in Gulf countries, by offering comprehensive LMS solutions and services. These solutions include AI-powered learning environments, data analysis tools, and cloud deployment options, catering to the diverse needs of academic and corporate users type.

Academic And Corporate LMS Market Scope in US
Report Coverage	Details
Page number	128
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 20.67%
Market growth 2023-2027	USD 11,772.7 million
Market structure	Fragmented
YoY growth 2022-2023(%)	19.21
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	360Learning SA, Adrenalin eSystems Ltd., Blackboard Inc., Classe365, Cornerstone OnDemand Inc., D2L Corp., Degreed Inc., Docebo Inc., Epignosis, GENTLAB S.R.L, Instructure Holdings Inc., Moodle Pty Ltd., Oracle Corp., PowerSchool Holdings Inc., SAP SE, Skillsoft Corp., Tovuti Inc., Violet InfoSystems Pvt. Ltd., Workday Inc., and Xperiencify LLC
Market dynamics	Parent market analysis, Market Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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