Learning Management System Market Size and Share 2021 Analysis by Business Overview, Sale, Revenue, Emerging Trends, Development and Forecast to 2028

"Learning Management System Market" study by "The Insight Partners" provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years.

The Learning Management System market is expected to grow from US$ 14,895.17 million in 2021 to US$ 50,995.16 million by 2028; it is estimated to grow at a CAGR of 19.2% during 2021 to 2028.

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Artificial intelligence (AI) enables computers to communicate with people, understand events, and learn and react to events, as humans do. In addition to the application of AI in industries such as security and surveillance, and information technology, it has been adopted widely in the education sector. The technology is being implemented across schools, colleges, and universities for automating repetitive tasks, such as grading, financial analysis, and admission processes. It can be calibrated to learn and model teachers' actions while grading through advanced computer programs, such as automated grading, for automatic grade assignments.

Students' performances have been among the oldest ways to evaluate instructors' performances and their ability to relate to students at various levels. However, most colleges and universities have moved from written questionnaires to online surveys. Chatbots are used to eliminate the intervention of an instructor or other human being to communicate with students in person and collect data. Thus, the rising adoption of AI-powered solutions across the education sector fuels the learning management system market growth. The AI-powered LMS help streamline the process of feeding the information to learners by promoting personalized corporate learning. Artificial intelligence also provides accurate recommendations on how to easily present and curate information based on the needs and preferences of specific learners. Thus, the adoption of AI in education sector, boost the demand for learning management system market.

Impact of COVID-19 Pandemic on Global Learning Management System Market

In 2020, the COVID-19 pandemic positively impacted the learning management system market due to an increase in e-learning across several countries. For instance, according to the World Economic Forum report of April 2020, there are more than 1.2 billion students in 186 countries affected by school closures due to the pandemic. In Denmark, students up to the age of 11 return to nurseries and schools after initially closing on March 12, 2020. However, in South Korea, students respond to roll calls from their teachers through online platforms. Similarly, Tencent's classroom had been used extensively since mid-February 2020 after the Chinese government instructed a quarter of a billion full-time students to resume their studies through online platforms. The online classes resulted in the most significant transformation in the education system, with approx. 730,000 (or 81%) of K-12 students attending classes through the Tencent K-12 Online School in Wuhan, China. Thus, schools and universities have increasingly adopted the e-learning system since the starting of the COVID-19 pandemic outbreak. Therefore, the overall impact of the pandemic on the learning management system market in 2020 was positive.

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Learning Management System Market Insights
Rise in Adoption of E-Learning Across Institutions
With e-learning, educational content is delivered to learners through computers, laptops, tablets, or smartphones. It has changed the face of education as learners understand better through the information presented using animation, podcasts, and videos that create a multimodal and realistic learning environment. Further, instead of receiving a passive experience, learners can quickly and easily opt for what they need to learn. In addition, e-learning platforms often allow learners to decide the next courses they want to study.

The increase in the adoption of e-learning has created the demand for learning management software. LMS integration across the learning portals enables content management and file sharing among staff and students. These software solutions are also offered with student progress tracking, student feedback and grading, and assessment creation and management tools. Players that offer LMS include Blackboard, Cornerstone, D2L Corporation, and Docebo. The rise in demand for products facilitating an efficient e-learning experience to staff and students fuels the learning management software market growth.

The players operating in the learning management system market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players in learning management system market are listed below:

In November 2020, Cire Services Inc. selected the leading cloud learning management system, d Blackboard, to help students in learning.

In April 2020, D2L Corporation planned to announce a significant partnership agreement with K16 Solutions, the industry leader in EdTech for LMS course migration. This development enables state-of-the-art migration and archiving solutions to institutions switching to D2L's Brightspace learning management platform.

Learning Management System Market - Company Profiles
• Blackboard Inc.
• Cornerstone
• D2L Corporation
• Docebo
• International Business Machines Corporation
• itslearning AS
• LTGplc
• Hurix
• SAP SE
• Zoho Corporation Pvt. Ltd.

Key Elements that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the "Learning Management System market" market.
• Key market trends cracking up the growth of the "Learning Management System market" market.
• Challenges to market growth.
• Key vendors of "Learning Management System market" market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global "Learning Management System "market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.

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