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Learning Management System Market

Learning Management System Market

Learning Management System Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

149

Base Year:

2022

Date

Dec - 2023

Format:

PDF XLS PPT

Report Code:

VMR-2353

Segments Covered
  • By Component By Component Solution, Services
  • By Delivery Mode By Delivery Mode Distance Learning, Instructor-led Training, Blended Learning
  • By Deployment Type By Deployment Type Cloud, On-Premises
  • By User Type By User Type Academic Users, Corporate Users
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Base YearBase Year: 2022
Forecast YearsForecast Years: 2023 - 2030
Historical YearsHistorical Years: 2017 - 2021
Revenue 2022Revenue 2022: USD 18.2 Billion
Revenue 2030Revenue 2030: USD 72.2 Billion
Revenue CAGRRevenue CAGR (2023 - 2030): 18.8%
Fastest Growing Region Fastest Growing Region (2023 - 2030) Asia Pacific
Largest Region Largest Region (2022): North America
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Learning Management System Market Share

The global Learning Management System Market is valued at USD 18.2 Billion in 2022 and is projected to reach a value of USD 72.2 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 18.8% between 2023 and 2030.

Premium Insights

A Learning Management System (LMS) is an online interactive and intelligent learning platform. Learning Management System use is predicted to increase due to increased demand for the platform from various educational institutions. Furthermore, the use of tools to improve learning and teaching processes is predicted to increase product uptake. Furthermore, manufacturers' increased focus on the satisfaction of interactive, secure, customizable, and effective learning technologies is predicted to drive acceptance. Furthermore, the growing trend of multichannel learning could boost industry growth. These factors may drive market growth in the following years.

Learning Management System Market Size, 2022 To 2030 (USD Billion)

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  • the growing use of Learning Management System for online and classroom training to reduce costs and improve convenience.
  • In 2022, the cloud deployment category accounted for a greater revenue share.
  • North America demonstrated its market strength in 2022, attaining the greatest revenue share of 36.9%.
  • The Asia Pacific region is primed for exceptional growth, with a significant Compound Annual Growth Rate (CAGR) between 2023 and 2030.

Top Market Trends

  1. Several factors are driving the growth of the Learning Management System market, including consumer preference for Learning Management System, rising smartphone penetration in conjunction with improved internet connectivity, widespread adoption of these systems by educational institutions, and so on.
  2. Education systems around the world have seen substantial alterations in recent years as a result of the introduction of electronic learning platforms and technological breakthroughs. For a better user experience, Learning Management System have been integrated into the Internet and smart devices. The low-cost cloud deployment method of Learning Management System is expected to assist the growth of numerous user groups, including academia and enterprises, in the next years.
  3. Gamification in Learning Management System improves learning, engages users, and solves problems. It attracts people's attention and keeps them captivated, engaged, connected, and included in activities. Workers who use gamification can learn more, change skills more rapidly, and remember information better than agents who learn less naturally. They encourage healthy competition among pupils in order to improve their learning.
  4. Implementing artificial intelligence in Learning Management System will open up new commercial prospects. Integrating artificial intelligence into Learning Management System would enable frequent and gradual performance evaluations to categorize students/users based on their abilities, paving the way for the development of advanced and highly user-friendly training programs. AI's intuitive and predictive development characteristics make it a perfect ally for virtual education via Learning Management System.
  5. To obtain a competitive advantage, institutions are increasingly using online interactive learning methods. With increased internet penetration and cloud use, the learning management model provides user-friendly content development and delivery solutions for websites, mobile devices, and social networks. The software also aids in the administration, reporting, tracking, and automation of online learning courses. The education industry is increasingly accepting of online teaching and learning approaches. As a result, the growing adoption of Learning Management System in higher education institutions is expected to boost market expansion.
  6. Students and teachers gain from educational technology that promotes interactive and collaborative learning. Because of its widespread usage, the internet is currently hastening the development of remote learning. As a result, many corporations are diversifying their portfolios by acquiring or merging with organizations that provide creative material in order to broaden their market reach.

Report Coverage & Deliverables

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  • Competitor Benchmarking
  • Market Trends Heatmap
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  • Market Sentiment Analysis
  • Demographic and Geographic Insights

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Economic Insights

Economic downturns can put a burden on educational and business budgets, resulting in less investment in Learning Management System systems and e-learning programs. During difficult economic times, educational institutions and corporations may prioritize cost-cutting measures above growing their digital learning infrastructure. Furthermore, those facing financial difficulties may choose less expensive or free learning alternatives, reducing demand for paid Learning Management System solutions. However, economic downturns have historically pushed organizations to embrace low-cost online training and development solutions, potentially creating opportunities for Learning Management System providers who can offer competitive pricing and demonstrate the value of their platforms in improving skills and employability. In conclusion, while economic constraints may impact short-term development prospects, the Learning Management System Market's long-term resilience will be determined by its capacity to adapt to changing economic conditions and growing educational demands.

Market Segmentation

The Global Learning Management System Market is segregated into the segments as mentioned below:

The global Learning Management System market can be categorized into Component, Delivery Mode, Deployment Type, User Type, Region. The Learning Management System market can be categorized into Solution, Services based on Component. The Learning Management System market can be categorized into Distance Learning, Instructor-led Training, Blended Learning based on Delivery Mode. The Learning Management System market can be categorized into Cloud, On-Premises based on Deployment Type. The Learning Management System market can be categorized into Academic Users, Corporate Users based on User Type. The Learning Management System market can be categorized into North America, Europe, Asia Pacific, Latin America, Middle East & Africa based on Region.

Below tree is interactive. You can click the nodes to get more information.

Based on the Deployment Type

Cloud to Lead Maximum Market Share Due to the Low Cost

In 2022, the Cloud segment is poised to dominate the global market for Learning Management System. The majority of vendors are transitioning from on-premise implementation to cloud-based solutions. Market participants produce cloud-based software and partner with enterprises to give unique and premium content to end users. For example, in August 2022, D2L Corporation purchased Bayfield Design, a company that specializes in creating and delivering cloud courses to students and employees. The company hopes to offer premium digital curriculum courses to trainers and students through this acquisition by providing access to premium courses launched by Bayfield Design and providing superior services to students and parents.

Based on User Type

Academic Users segment Expects Dominion Owing to the New technological

In 2022, the Academic Users segment will dominate the Learning Management System market. A learning environment should deliver individualized and flexible training programs that match the needs of each learner. E-learning should employ a holistic and ecological learning strategy to strengthen learning systems and ensure their ability to adapt to future educational and technological advances. New technological breakthroughs, on the other hand, such as mobile learning and AI and ML in academic learning contexts, can provide the education industry with the resources it requires to design a modernized learning module for the future that is heavily focused on digital learning. Many international universities and educational institutes utilize Learning Management System to oversee the delivery of educational or training content and track the progress of individuals, saving the educational institute a significant amount of time and money. These elements are projected to promote this segment's revenue growth.

Based on Region

North America To Dominate Global Sales Owing to Increased Amount Of Ed-Tech Operations Across The Region

In 2022, the North American region emerged as the dominant player in the Learning Management System market due to the increased amount of ed-tech operations across the region. There are numerous colleges and universities in the United States. A large number of educational institutions creates a huge opportunity for players to expand their enterprises in this country. According to the EdSurge ed-tech financing database, in 2020, US education technology businesses received private equity funding in 130 deals and invested USD 2.2 million in venture capital. The investment in 2019 was approximately USD 1.7 million, with a 30% rise in 2020. As a result, North America is the key source of market growth. The growing demand for effective and high-quality education or learning is crucial to the market success of North America. North America has embraced the quick adoption of innovative learning, which has boosted the region's Learning Management System market.

The Learning Management System industry in the Asia Pacific region is rapidly growing in popularity. Rising investment in networks for the advancement of online education, courses, and training is predicted to boost market development in Asia Pacific. Furthermore, increased ed-tech potential is likely to drive market growth. Growing demand for online learning and preference for digital learning techniques, particularly following the COVID lockout, as well as an increase in the number of students in higher classes needing advanced technologies, are driving demand for distance and eLearning education. Such advancements in educational resources and rapid economic development are expected to boost revenue growth in this region's Learning Management System industry.

Competitive Landscape

The global Learning Management System market is highly competitive, with various key players operating in the industry. Some of the major companies in the market include Blackboard Inc. (U.S.), McGraw Hill LLC (U.S.), Epignosis LLC (U.S.), John Wiley & Sons Inc. (U.S.), and Oracle Corporation (U.S.) to name a few. These businesses are concentrating their efforts on developing and conducting research in order to create unique and long-lasting products. Partnerships, mergers, and acquisitions are also common in this sector as companies seek to extend their product offerings and market presence.

The key players in the global Learning Management System market include - Blackboard Inc. (U.S.), McGraw Hill LLC (U.S.), Epignosis LLC (U.S.), John Wiley & Sons Inc. (U.S.), Oracle Corporation (U.S.), JZero Solutions Ltd (UK), Paradiso Solutions LLC (U.S.), Cornerstone OnDemand Inc. (U.S.), SAP SE (Germany), Sumtotal Systems LLC (U.S.), Pearson PLC (U.K.), Docebo S.P.A. (Canada), IBM Corporation (U.S.), D2L Corporation (Canada), Moodle Pty Ltd. (Australia) among others.

Recent Market Developments

  • In January 2023, The Steel Erectors Association of America launched the SteelPros Training Portal, a new Learning Management System designed exclusively for its members. Built on the learning hub platform of Industrial Training International (ITI) and created in conjunction with ITI, SEAA members can quickly access unique content for ironworkers and other related training materials.
  • In November 2022, The D2L Brightspace Creator+package was introduced by D2L Corporation. This package allows users to produce engaging digital course content utilizing Brightspace-integrated workflows, saving time, effort, and money for course developers.
  • In October 2022, Cornerstone OnDemand, Inc. announced the launch of its new Talent Experience Platform (TXP), which is meant to assist talent leaders in unlocking the boundless potential of their workforce while streamlining the process. The Cornerstone TXP brings together the company's expanding portfolio of growth-centric learning and talent solutions, as well as human-centered experiences, deep talent intelligence, and an open and flexible architecture.

Segmentation of the Global Learning Management System Market

Parameter Details
Segments Covered

By Component

  • Solution
  • Services

By Delivery Mode

  • Distance Learning
  • Instructor-led Training
  • Blended Learning

By Deployment Type

  • Cloud
  • On-Premises

By User Type

  • Academic Users
  • Corporate Users

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • Blackboard Inc. (U.S.)
  • McGraw Hill LLC (U.S.)
  • Epignosis LLC (U.S.)
  • John Wiley & Sons Inc. (U.S.)
  • Oracle Corporation (U.S.)
  • JZero Solutions Ltd (UK)
  • Paradiso Solutions LLC (U.S.)
  • Cornerstone OnDemand Inc. (U.S.)
  • SAP SE (Germany)
  • Sumtotal Systems LLC (U.S.)
  • Pearson PLC (U.K.)
  • Docebo S.P.A. (Canada)
  • IBM Corporation (U.S.)
  • D2L Corporation (Canada)
  • Moodle Pty Ltd. (Australia)
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis
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FAQ
Frequently Asked Question
  • The global Learning Management System valued at USD 18.2 Billion in 2022 and is expected to reach USD 72.2 Billion in 2030 growing at a CAGR of 18.8%.

  • The prominent players in the market are Blackboard Inc. (U.S.), McGraw Hill LLC (U.S.), Epignosis LLC (U.S.), John Wiley & Sons Inc. (U.S.), Oracle Corporation (U.S.), JZero Solutions Ltd (UK), Paradiso Solutions LLC (U.S.), Cornerstone OnDemand Inc. (U.S.), SAP SE (Germany), Sumtotal Systems LLC (U.S.), Pearson PLC (U.K.), Docebo S.P.A. (Canada), IBM Corporation (U.S.), D2L Corporation (Canada), Moodle Pty Ltd. (Australia).

  • The market is project to grow at a CAGR of 18.8% between 2023 and 2030.

  • The driving factors of the Learning Management System include

    • Rising Adoption and Proliferation of E-Learning

  • North America was the leading regional segment of the Learning Management System in 2022.