Next Gen Learning Management System (LMS) Market for Higher Education Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

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%.

This next gen learning management system (LMS) market for higher education research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers next gen learning management system (LMS) market for higher education segmentations by application (blended learning, content management, CBE, and learning analytics) and geography (North America, Europe, APAC, South America, and MEA). The next gen learning management system (LMS) market for higher education report also offers information on several market vendors, including Blackboard Inc., D2L Corp., Docebo Inc., Edmodo, Growth Engineering, Instructure Inc., Jenzabar Inc., N2N Services Inc., PowerSchool Group LLC, and Saba Software Inc. among others.

What will the Next Gen Learning Management System (LMS) Market For Higher Education Size be During the Forecast Period?

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Next Gen Learning Management System (LMS) Market For Higher Education: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The need for cost effective LMS for higher education is notably driving the next gen learning management system (LMS) market for higher education growth, although factors such as lack of operating expertise may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the next gen learning management system (LMS) market for higher education industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Next Gen Learning Management System (LMS) Market For Higher Education Driver

One of the key factors driving the next gen learning management system (LMS) market for higher education growth is the need for cost-effective LMS for higher education. Colleges and universities are facing significant issues with existing LMS installations. They are struggling with outdated features and functionality issues, along with the lack of support and high costs associated with traditional LMS. Institutions are looking to replace traditional LMS with software as a service (SaaS)-based LMS. In developed regions such as the US, most of the LMS implementation cycles within the higher education segment is nearing the end of the contract, resulting in potential demand for new LMS. The need for efficient LMS and the ongoing rise of learning models such as flipped classrooms and CBE have fueled the demand for the next gen LMS. As the US is the pioneer in the global education technology market, lagging regions such as APAC and the Middle East that boast of substantially large learner base and educational institutions will follow suit leading to global opportunities to next gen LMS vendors, which in turn will cater to the growth of the market.

Key Next Gen Learning Management System (LMS) Market For Higher Education Trend

Another key factor driving the next gen learning management system (LMS) market for higher education growth is the increasing learning experiences using SMAC. Institutions across the globe are using social, mobile, analytics, and cloud (SMAC) to deliver a learning experience to students. SMAC employs technologies that are familiar to the students in everyday learning. Institutes are incorporating social media platforms such as Facebook and LinkedIn in their learning environment. This integration enables students to learn through blogs, wikis, and discussion forums. It enables institutions to provide on-the-go productivity and information as students can access the contents of the LMS from anywhere, according to their convenience. The analytics part provides real-time data and future projections of student learning and also can help teachers track the progress of the student and identify the areas that need improvement. Most of the current and next gen LMS are cloud-based LMS. It is inexpensive with less costs involved. The use of SMAC technologies in higher education leads to personalized and engaging learning experiences.

Key Next Gen Learning Management System (LMS) Market For Higher Education Challenge

Lack of operating expertise is one of the key challenges hindering the next gen learning management system (LMS) market for higher education growth. The recent developments in LMS have increased their complexity. Users face issues related to the proper use of LMS. For instance, the next gen LMS comes with social integration abilities. One of the major factors leading to the partial use of such systems is the lack of technical expertise. The majority of the colleges and universities do not have the required amount of IT staff that can handle the technical issues and grievances associated with LMS. In such a scenario, educational institutions either have to train their existing employees or take help from third-party service providers. This, in any case, will increase the total cost of ownership. While large universities have financial strength, most institutions, mainly in emerging countries, are finding it difficult to install LMS. In addition to this, students working on such technologies must have a clear idea regarding the functioning of the system. The absence of such an understanding of the product in the present scenario is leading to low satisfaction and confusion pertaining to the benefits of next-gen LMS.

This next gen learning management system (LMS) market for higher education analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global next gen learning management system (LMS) market for higher education as a part of the global education services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the next gen learning management system (LMS) market for higher education during the forecast period.

Who are the Major Next Gen Learning Management System (LMS) Market For Higher Education Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

• Blackboard Inc.
• D2L Corp.
• Docebo Inc.
• Edmodo
• Growth Engineering
• Instructure Inc.
• Jenzabar Inc.
• N2N Services Inc.
• PowerSchool Group LLC
• Saba Software Inc.

This statistical study of the next gen learning management system (LMS) market for higher education encompasses successful business strategies deployed by the key vendors. The next gen learning management system (LMS) market for higher education is fragmented and the vendors are deploying growth strategies such as adoption of the next gen LMS products and services to compete in the market.

Product Insights and News

• Blackboard Inc. - The company offers Ultra experience, a SaaS-based, feature-rich, and next-generation LMS.
• Blackboard Inc. - In October 2019, the company launched Blackboard Chatbot Powered by Ivy.AI, a live conversation simulation tool offering students, instructors, and staff constant personalized support.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The next gen learning management system (LMS) market for higher education forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Next Gen Learning Management System (LMS) Market For Higher Education Value Chain Analysis

Our report provides extensive information on the value chain analysis for the next gen learning management system (LMS) market for higher education, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Next Gen Learning Management System (LMS) Market For Higher Education?

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56% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for next gen learning management system (LMS) for higher education in North America. Market growth in this region will be slower than the growth of the market in APAC regions.

North America has always been at the forefront of the adoption of new technologies. One of the major reasons for this is the presence of major companies such as SAP, BASF SE, and Bayer AG that strive to stay ahead of the competition. Well-developed network infrastructure in the region facilitates the adoption of emerging technologies, such as AI and blockchain, in the region. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

However, in 2020, the COVID-19 pandemic had a negative impact on the market growth by lowering the adoption of LMS, as most institutes are closed. In 2021, the next generation LMS market in this region will grow gradually due to the reopening of schools and educational institutions. The demand from educational institutions for e-learning courses that are held in a blended learning environment is enabling the adoption of software and tools required for the next generation LMS. Such developments will drive the growth of the market in the region during the forecast period.

What are the Revenue-generating Application Segments in the Next Gen Learning Management System (LMS) Market For Higher Education?

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The next gen learning management system (LMS) market for higher education share growth by the blended learning will be significant during the forecast period. Blended learning, also known as hybrid learning, combines traditional classroom teaching with WBL. With the growing needs of students and academicians, regulators have emphasized blended learning methods in the education industry more than traditional learning methods. This factor has attracted many international investors in the fields of education and technology.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the next gen learning management system (LMS) market for higher education size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Next Gen Learning Management System (LMS) Market For Higher Education Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive next gen learning management system (LMS) market for higher education growth during the next five years
• Precise estimation of the next gen learning management system (LMS) market for higher education size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the next gen learning management system (LMS) market for higher education industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of next gen learning management system (LMS) market for higher education vendors

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