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(Wireless-NewsWire.Com, January 09, 2018 ) The global LMS market is projected to grow at a High CAGR during the forecast period 2017-2025, to reach US$ 18437.4 Mn by 2025.
LMS vendors are struggling to enhance the user experience of their legacy LMS platforms. Currently more than 200 LMS vendors are operating in the market with around 20-30 prominent players and other small and big regional players. The new vendors entering into the market are developing innovative solution with enhanced features and solutions such as MOOCs, online video, external content, and advance tutorial considerably enhancing the employee experience.
The growing trend of adoption of LMS by the HEOs (Higher education Organization) across the world is different than the adoption trend of colleges and universities. The HEO over past few years have significantly driven the demand for LMS. At present, U.S is the largest adopter of LMS in higher education sector, however Western Europe and other countries of North America are anticipated to gradually increase their demand for cost-effective LMS in the coming years. Blackboard Inc., is the largest provider of LMS to the HEO followed by Canvas and Docebo. These companies are thriving to develop cost efficient LMS for HEO in order to drive the demand for LMS in higher education sector.
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Learning Management system (LMS) is a web based application which is used for e-learning programs like administration, tracking, reporting, delivery courses and training content. LMS is an extension of classical forms of learning. It act as a framework which is used to handle all aspects of learning process.
The major drivers which help in surging the growth of LMS market include need of high quality education and cost effective solution whereas lack of skilled expertise act as a restraining factor for this market. Implementation of emerging technologies like gamification and virtual reality will add new opportunities for this market in the long run.
The “Global Learning Management System Market Analysis to 2025” is a specialized and in-depth study of the learning management system industry with a focus on the global market trend. The report aims to provide an overview of global learning management system market with detailed market segmentation by deployment model, delivery mode, end-user and geography. The global learning management system market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global learning management system market based on deployment model, delivery mode and end-users. It also provides market size and forecast till 2025 for overall learning management system market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 16 counties globally along with current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.
Also, key learning management system market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years. Some of the key players influencing the market are Cornerstone Ondemand, Inc., Xerox Corporation, IBM Corporation, Netdimensions Ltd., SAP SE, Blackboard, Inc., SABA Software, Inc., Mcgraw-Hill Companies, Pearson PLC and D2L Corporation among others.
Complete Report is Available at http://www.theinsightpartners.com/reports/learning-management-system-lms-market
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