Cloud-Based Performances and Multichannel Learning Solutions: How Top 10 Learning Management System Companies are Creating Interactive Learning and Training Experiences

Educational institutions implement Learning Management System (LMS) solutions to improve and support teaching and learning efficacies. Increasing internet penetration and cloud adoption are boosting the demand for online teaching and learning. Hence, the growing popularity of online learning and training in higher education is driving the learning management system demand.

As per a report by Fortune Business Insights™, the market for learning management system reached USD 20.33 billion in 2023 and is set to reach USD 82.00 billion in 2032 with a CAGR of 17.0% during 2023-2030. The market size stood at USD 23.35 billion in 2024.

Fortune Business Insights™ Profiles Top 10 Learning Management System Companies in the Market

1. McGraw Hill

A digital learning and teaching solution based in the U.S. and is one of the top 10 learning management systems companies in the market, McGraw-Hill Connect is created for both students and educators in higher education institutes. It is described as a flexible set of tools that assist teachers and students save time and support them in enhancing their learning outcomes. The company’s LMS systems are implemented with Blackboard Learn, D2L Brightspace, Canvas, and Moodle. It offers consistent learning management system integration functionality for McGraw Hill Connect, including gradebook sync, single sign-on (SSO), and assignment-level linking.

2. D2L Corporation

A Canada-based global software company, D2L provides cloud-based learning solutions for kindergarten, higher education institutes, K-12 schools and districts, associations, government, private enterprises, and corporates. D2L Brightspace and D2L Wave offer users with a personalized learning scale with improved content experience, result-based assessments, discussion boards, different courses, easy accessibility, mobile-first design, and other features. In September 2023, FeedbackFruits collaborated with D2L to provide improved learning experiences to customers. This partnership focused on offering D2L Brightspace users streamlined access to collaborative and active learning solutions of FeedbackFruits.

3. SAP SE

Founded in 1972 in Germany, SAP SE offers a learning management solution called ‘SAP SuccessFactors Learning.’ The solution provides corporate learning, training, and decreases compliance risk. The intelligent spend group offers cloud-based collaborative business networks. Also, these segments consists of the sale of subscriptions to cloud offerings regarding education and professional services. In June 2023, 360Learning declared that it had achieved a spotlight status on the SAP Store. By integrating SAP SuccessFactors, 360Learning enables organizations to reskill and upskill employees so their employees always perform at their best and are ready for future challenges.

4. Moodle

An Australian company, Moodle presents open and free access to education technology to create a more impartial world where everybody can pursue a high-quality education. Moodle also provides CIP (Certified Integration Partners) to streamline the picking and integrating tools needed to cover Moodle’s functionality. In April 2023, Moodle launched a new update for its learning management system, Moodle LMS 4.2, with new and enhanced features that create efficiencies for trainers, educators, and systems administrators.

5. Absorb LMS Software, Inc.

Based in Canada, Absorb LMS Software Inc. is a supplier of cloud-based performance and learning management software for higher education institutions and corporations. The company produces a cloud-based LMS that offers, manages, and tracks instructor-led and online training events. Absorb LMS Software Inc. presents both the first Learning Experience Platform (LXP) and Absorb Infuse to offer end-users an easy learning experience.  In May 2023, PDS declared an alliance with Absorb LMS software to expand its Vista HCM (Human Capital Management) solutions.

6. Blackboard, Inc.

Blackboard Inc., an education software solution and learning management system provider, provides communication, mobile, education, and learning software & services to different corporations, government organizations, and higher education providers. Blackboard Inc. learning management system solutions, including Blackboard Unite for K-12 and Blackboard Learn, provide a social and digital learning environment for organizations that enhances personalized learning experiences.

7. Cornerstone OnDemand, Inc.

Situated in the U.S., Cornerstone OnDemand provides talent management, comprehensive cloud-based learning, and talent experience software to organizations. The company presents LMS software applications for providing, tracking, and administrating training and e-learning programs. Educators implement this application to provide online courses and corporate training to their employees. In February 2021, Cornerstone OnDemand collaborated with Microsoft Corporation to offer learning experiences on the Microsoft Employee Experience Platform. The integration assists Microsoft Teams employees in sharing, assigning, or seeking out content based on their requirements.

8. Oracle Corporation

Oracle’s learning management system portfolio comprises Oracle’s PeopleSoft Enterprise LearningManagement (ELM) applications and Oracle Learning Management (OLM). From tracking and generating sustainability goals and targets to collecting data throughout the organization, the company’s sustainability platform presents customers with a 360° view of their sustainability programs. In August 2023, Oracle launched PeopleSoft ELM (Enterprise Learning Management) Image 23 with different new advancements and features to the product.

9. IBM Corporation

IBM LMS portfolio involves an IBM social platform, a learning content management system (LCMS), and innovative analytics capabilities. IBM LMS assists enterprises to easily implement social and formal learning into performance support and comprehensive learning strategy.

In July 2022, IBM delighted its users with a modernized Digital Learning Platform (DLP) to provide an upgraded look and experience. The DLP is the Training LMS of IBM, enabling course developers to create and host enhanced learning experiences for IBM customers, IBMers, and business partners.

10. Docebo

Docebo, a Canada-based company, offers end-to-end learning solutions to organizations to manage any learning challenge and construct an authentic learning ecosystem. Docebo Learning Suite supports enterprises in managing and creating engaging content and training users, employees, and partners. In June 2023, Docebo increased its generative AI capabilities by acquiring learning technology Edugo.AI LMS. Two major purposes of this acquisition of Edugo by Docebo: enhancing its present AI capabilities and integrating advanced abilities into the Docebo platform to serve its customers better.

Introduction of Interactive and Smart Platforms to Enhance Learning and Training Experiences

The increased need for secured learning solutions is encouraging the top 10 learning management system companies to introduce interactive and smart learning platforms. This way, they can enhance learning and training experiences. Multichannel learning management solutions provide a flexible, inclusive, and user-friendly ecosystem. The emergence of customized LMS is all set to offer an interactive experience to students during online learning.