Learning Management System Market, Growth & Demographic Technologies, COVID –19
Learning Management System Market Overview:
The global report on the learning management system market reveals a possibility of attaining a valuation of USD 17 bn by 2022 with a 22% CAGR to cover the forecast period of 2016 to 2022. LMS market share is expected to get bolstered by several factors that revealed Market Research Future (MRFR).
Factors like the inclusion of cutting-edge technologies, the launching of cloud-based programs, the development of the e-learning industry, cost-effective training modules, and others are expected to bolster growth. However, a lack of knowledge of the process may deter the growth rate.
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The global market report discussing the challenges of the learning management system market includes latest changes initiated by companies like Blackboard, Inc. (U.S.), Edmodo (California), SAP SE (Germany), IBM Corporation (U.S.), Oracle Corporation (U.S.), McGraw-Hill Education (U.S.), Xerox Corporation (U.S.), D2L Corporation (Canada), Cornerstone On demand, Inc. (U.S.), and Saba Software, Inc. (U.S.). MRFR analysts have included a study of these changes to understand how the market can proceed further.
The global market report on the learning management system market has been segmented into services, deployment, and application to provide an in-depth analysis of how the market is functioning and procedures that can trigger better outcomes. MRFR analysts have gained insights from this segmentation that can help in forming better strategies and inspire growth.
By services, the global learning management system market has been studied on the basis of performance management, communication & collaboration, administration, content management, and others.
By deployment, the global report on the learning management system market includes a study of cloud and on-premise.
By application, the global study on the learning management system market has been segmented into corporate, academics, and others.
Advanced structures, better investment capacity, higher inclusion of cloud systems, and others are expected to inspire growth for both North American and European markets. Asia Pacific would also catch up fast.
In August 2020, the State Department of Education declared that it had identified five vendors for school leaders who are showing interest in buying a learning management system that would facilitate online or blended learning. The decision came after the summer-time announcement of the State Board of Education, where it cleared the air about the priority installation of a learning management system, or LMS, in schools. The state board revealed a non-binding guideline for the same to make sure authorities benefit from the system and effectively put this into practice to counter the COVID-19 crisis. It has also announced a recommendation to increase the number of electronic devices for students’ schoolwork, structuring of reliable internet connectivity, and investing in various professional development training to ensure better adoption of the process.
In September 2020, SAP SE announced that its powerful learning management system (LMS), SAP Litmos Training, is going global. It is now going to available from their global store. The system offers a library of engagement features, off-the-shelf courses, and built-in reporting and analytics. This will allow business enterprises to manage, develop, and extend training to their partners, contractors, employees, customers, and others. The product has several positive features like GDPR compliance, built-in reporting and analytics, simple integration and quick deployment, accessibility to learners with a disability, availability of it in diverse languages, and others.
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