Learning Management System (LMS) Market Size, Share & Industry Analysis, By Component (Solution, Services), By Deployment (On-Premises, Cloud), By Organization Size (SME’s, Large Enterprises), By End User (Academic, Corporate) and Regional forecast, 2019 - 2026

KEY INDUSTRY INSIGHTS

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The global learning management system (LMS) market size was valued at USD 7,206.7 Million in 2018 is projected to reach USD 29,742.0 Million by 2026, exhibiting a CAGR of 19.1% during the forecast period.

Someone has rightly said ‘Learning at all the time.’ Education and Learning, especially amongst today’s young generation, is essential in maintaining competitiveness. The rapid developments in computer and ICT have influenced mankind and have undoubtedly made communication swift and more comfortable. Indeed, the Internet is seamlessly playing the most crucial role in the ability to assist in creating, collaborating, and sharing information.

To fill the gap between the traditional way of delivering knowledge and real-life practical applications, trainers opt to use the enhanced abilities of technological tools to deliver learning through various approaches. From the last decade, there has been a remarkable increase in the adoption of technology incorporated into primary and higher education.

The primary objective of the learning management system is to explore various ways of learning and enhance the learning process. Apart from content delivery, an active learning management system also handles online courses, course administration, skill analysis, assessment tracking, reporting, etc. Learning is the most vital factor of effective change and growth for the organizations which seek to stay updated and get upgraded need to keep upskilling their workforce. 

In the current scenario, E-Learning has become an integral part of the learning system. Educational Organizations integrate E-Learning system to enhance the traditional education system. The blackboards are being replaced with the graphic boards and the chalks with the digital pens. Educational organizations, including schools, colleges, and companies, use them to deliver online courses. Corporates use them to provide online training and maintaining employ records.

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Cloud-based Learning management system (LMS) offer the ability to manage and deliver online content to learners. Most learning management system is software packages which can be accessed anytime from anyplace. This software can also be defined as a web-based technology that can be used to plan, implement, and obtain a specific learning process.

The rise in adoption of multi-channel learnings, switching from learning management systems (LMS) to learning experience platforms (LXPs) and personalized learning paths are some of the recent trends in the global LMS market. On the other hand, social learning is a new trend in LMS. It is proved that social learning offers sharing information, collaboration with others by generating more and more knowledge and experience.

KEY MARKET DRIVERS

"Increasing adoption of E-Learning, the popularity of on-demand content, and an impulse towards BYOD (Bring your own device) policy."

The popularity of on-demand content is one of the significant factors that would drive the global market. Increasing adoption of E-Learning system would fuel the global learning management system market revenue. E-learning enables the users to send data in any format such as videos, slideshows, pdf’s, and documents. There are no boundaries and restrictions to the E-learning systems. For instance, time is one of the main factors that learners and trainers face in learning. E-learning facilitates learning without any planning, wherever and whoever is interested in a specific course can join, which can significantly expand the global learning management system market size.

The emerging trend between corporate employees is using their personal devices like smartphones, laptops, tablets to access any organizational network remotely or to connect the devices to the corporate network. BYOD (bring your own device) is encouraged by many companies across the globe. It also enables the employs to access their emails, drives on their personal smartphone and laptops, and work from anywhere. This boosts productivity, and help companies to enhance the employ moral.

The cluster of connected devices in IoT, rapid adoption of Artificial intelligence, Machine learning and active government initiatives in the E-learning Industry

Internet of things is an important technology which is expected to transform many future aspects. Internet of Things that is connected devices have positively influenced the educational sector. For instance, Quick response (QR) code, which one of the applications of IoT has been launched in the educational textbooks. Additional information, video links, pdfs are easily accessible to students when they scan the QR codes with the smartphone scanner.

Artificial Intelligence and Machine learning plays an essential role in the development of E-learning platforms. The fusion of learning management systems and Artificial Intelligence would enhance the capabilities of data pattern identification by which the systems could collect and analyze data and find more learning opportunities for students and teachers as well. Therefore, the rapid adoption of Artificial Intelligence and Machine learning is expected to augment the global LMS market.

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MARKET SEGMENTATION

"Cloud-based deployment of learning management software would foster the global learning management system market in the forecast period."

Cloud-based software is a secured and encrypted channel for all types of data communication. Cloud-based learning management software offers benefits such as enterprise mobility, active employee engagement, and cost predictability. Cloud-based learning management software also empowers the users to set-up, deliver, and keep a track on the self-learning process. It also provides individuals the ability to create skill-based online learning courses, both of which can enhance the global learning management system market potential.

Cloud-based learning management software offers a stimulating learning experience to the learners that keeps them engaged and helps the educational organizations as well as the corporate sector to maximize their learning impact by integrating learning outcomes with organizational goals. This also helps the educational and corporate organizations to establish a learning culture within the organization where learners are self-motivated to explore themselves. 

Cloud-based deployment of learning management software would gradually reduce the initial cost, including software installations, configuring system network, etc. by a big margin. The user only needs to sign up with the Learning management system (LMS) provider and begin the learning process by accessing the online courses and other content. Irrespective of the Small and large enterprise the cost incurred for this process is most probably the same, making the global market lucrative.

Overview of the benefits of cloud-based learning management software lower start-up cost, enhanced data security, improved accessibility, faster deployment, cost predictability, up-to-date with technologies, more storage space, and fully customizable and scalable. On the contrary, the global learning management system market growth may be hindered owing to some of the challenges faced by cloud-based learning management software are risks related to data protection and security, speed/lack of internet can affect work methods, and lack of standards & confidence.

"In the global LMS market by end-user, the academic segment is anticipated to grow at a significant CAGR during the forecast period"

The academic segment in the global market is forecasted to grow at a significant CAGR during the forecast period. Learning management systems help to improve the traditional educational process. A well-managed and effective learning management system in an academic organization would lead to the enhancement of academic standards and can ensure greater equality. 

With the introduction of Learning management system in academic sector knowledge-seeking activities and access to information have become much feasible, faster, and cost-effective for the community. Besides, the primary expectation from this system is to help students and trainers to access information and to engage in academic communication, signaling good news for the global learning management system market.

Learning Management system is very useful in organizing and presenting digital content. Deploying the system in K-12 or higher education would offer the key benefits including real-time messaging, videoconferencing, e-mail, and discussion forums would foster the communication between the parents, students, and the teacher.

At high school and Middle school levels, learning management system enables the students to access their assessments, tests, and courses from home. Furthermore, it also promotes a global, open, and flexible learning environment. Learning management also supports various learning modes, such as audio, video, animation, and others, thus creating diverse opportunities in the global LMS market in the education field.

Followed by the Academic segment, Corporate sector is expected to augment the global learning management system market in the forecast period. Today many corporate organizations opt for E-Learning technology for professional development, which helps employees to expand their knowledge base by offering online training courses.

The Learning management system is a software application that exhibits like a virtual classroom and helps to keep track of the administration, documentation, and delivery of online courses. When incorporated with the corporate sector, it would provide personalized, real-time, and effective employee development and training.

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REGIONAL ANALYSIS

North America generated a revenue of US$ 3306.6 in 2018 and is anticipated to augment the global LMS market during the forecast period. Rising demand for online employee engagement programs and the rapid growth in the number of connected IoT devices is expected to drive the global learning management system market growth in North America.

Many organizations have realized the need for continuous learning, and many corporates have become conscious about using their technologies to effectively deliver information and access to the information from anywhere and anytime. This change of attitude and focus towards continuous learning would drive the global market in the region.

Likewise, Asia Pacific generated a revenue of US$ 1437.4 Mn in 2018 and is expected to witness an increase in global market traction during the forecast period. Due to the increasing adoption of cloud-based technologies in India and China Asia, pacific is anticipated to experience substantial growth in the global learning management system market.

For instance, China’s population is rising day by day, and people are willing to pay for online exams and courses owing to the increasing competition for jobs. This situation would drive the market in the region to cater to the growing demands.

UK and Germany are expected to contribute a significant share in the global market in Europe. The market growth in the region can be subjected to increased adoption of the technology by medium and small-sized businesses.

The Middle East and Africa are witnessing the digital revolution since the last decade. Vocational programs are gaining importance throughout the region. Country-wise Turkey, Egypt would contribute a significant share in the global learning management system market in the region.

KEY PLAYERS

"Cornerstone, D2L Corporation, Absorb Software Inc. would ensure to strengthen the LMS market position owing to the innovations and developments in the learning management system"

Cornerstone has developed a workforce learning software. This software tracks employees progress and performance. It is a centralized system which delivers virtual learning, online courses, exams, and certifications.

D2L Corporation is a cloud software company. D2L Corporation has developed Brightspace learning management system, which is a cloud-based software which is used by many educational organizations, including schools, universities, and businesses for online classroom learning.

REPORT COVERAGE

Learning management system (LMS) is a centralized software application which is used to integrate pedagogical features with the enhanced virtual learning environments, consisting of a central server which manages the core functionality like authenticating users, delivering online courses, reporting, assessment, and others. It empowers multiple students to access online courses and receive instructions at the same time. Also, offer opportunities to improve and customize the learning process in the future.

The report provides qualitative and quantitative insights on the global learning management system market and detailed analysis of market size & growth rate for all possible segments in the market. The market is segmented by component, deployment, organization size, end-user, and geography. Based on the component, the market is classified into solution and services. By services, the market is bifurcated into consulting services, implementation services, and support services. Based on the deployment, the market is segmented into the cloud and on-premise. By organization size, the market is divided into SME’S and large enterprises. By end-user, the market is classified as academic (K-12, higher education) and corporate  (BFSI, IT and telecom, healthcare, retail, manufacturing, government, energy and utilities, transportation, and others). Geographically, the global LMS market has been surveyed across five major regions, which are North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America this region is further categorized into countries.

Along with this, the report provides an elaborative analysis of the dynamics and competitive landscape of the global learning management system market. Various key insights presented in the report are the price trend analysis, recent industry developments such as mergers & acquisitions, the regulatory scenario in crucial countries, macro, and microeconomic factors, SWOT analysis, and key industry trends, competitive landscape and company profiles.

SEGMENTATION

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SOME OF THE KEY COMPANIES PROFILED IN THE REPORT

• McGraw-Hill Education


• D2L Corporation


• SAP SE


• Saba Software, Inc.


• Absorb Software Inc.


• Blackboard, Inc.


• Cornerstone


• Oracle Corporation


• IBM Corporation


• Paradiso Solutions


• CrossKnowledge


• JZero Solutions Ltd


• Edmodo


• Upside Learning Solutions Pvt. Ltd.

INDUSTRY DEVELOPMENT

• August 2019: Absorb Software Inc., a learning management system provider has acquired eLogic Learning a company based in Tampa, Florida. eLogic Learning says that its learning management tools could reach 5 million users across the globe every month. As per this, acquisition Absorb Software Inc. claims to serve more than 1,000 active customers with 225 employees across eight offices.


• May 2019: D2L launched ‘Indigo’ the updated version of Brightspace a cloud-based learning platform which motivates employees to drive their own learning experiences.


• March 2019: Cornerstone launched Express Class a tool that allows managers to quickly create and administer informal and prompt training under the Cornerstone Learning Management System.