LMS Market is Projected to Reach USD 33,456 Million in 2027

LMS Market is predicted to touch USD 33,456 Million by 2027, registering a CAGR of 13% over the forecast period, owing to the growing adoption of Bring Your Own Devices by corporates. Recurring expenses of traditional teaching methods has drifted organizations towards to e-leaning services

LMS Market

LMS Market is predicted to touch USD 33,456 Million by 2027, registering a CAGR of 13% over the forecast period, owing to the growing adoption of Bring Your Own Devices by corporates.

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Recurring expenses of traditional teaching methods has drifted organizations towards to e-leaning services to train and educate their employees. Thus, the growing adoption of e-learning platform and rising trend of bring your own devices are the major factors bolstering the global Learning Management Systems Market. Moreover, the increasing compatibility of LMS with social learning and mobile devices has inclined corporates to deploy BYOD culture has bolstered the market growth. However, the outbreak of coronavirus resulted in a temporary closure of schools and colleges, thereby, obligating trainers and faculty to adopt online teaching solutions. Changes in educational system has bolstered the LMS market share.

As per the LMS market analysis, by deployment model, the cloud-based segment is anticipated to witness a faster CAGR over the forecast period, owing to the better flexibility offered trainers and learners with cost-efficient service infrastructure.

By region, North America is projected to witness a remarkable growing, due to the growing adoption of eLearning tools and technological improvements in learning methodologies. Also, the incorporation of organizations and universities has made organizations more responsive towards changing technologies, thereby driving the LMS market growth.

Leading players in the market include D2L Corporation, Blackboard Inc., Cornerstone, McGraw Hill, Pearson, Saba Software, CrossKnowledge, Xerox Corporation, PowerSchool, Docebo, among others.

Key Developments:

In 2020, Cornerstone procured Saba, a leading vendor of talent experience solutions. This acquisition intends to facilitate Cornerstone to encourage the innovation and ability of the company to help a larger and diverse group of clients.

In 2020, Blackboard Inc. innovated its new remote learning solution, called Blackboard Unite for K-12. This new solution offers a set of resources and tools to help K-12 districts with best practices needed to transform to a virtual learning model.

LMS Market Segmentation:

LMS Market by User Type
  • Higher Education
  • K-12
  • Government
  • Business
LMS Market by Deployment Model
  • Cloud-Based
  • On-Premises
LMS Market by Delivery Mode
  • Distance Learning
  • Instructor-Led Training
LMS Market by Application
  • Administration
  • Content Management
  • Performance Management
  • Others
LMS Market by Region:
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

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