Press release
Corporate Learning Management System (LMS) market Worth USD 28.98 Billion by 2028
Global Corporate Learning Management System (LMS) market was valued at USD 6.03 billion in 2021 and is expected to reach USD 28.98 billion by the year 2028, at a CAGR of 25.14%.
One definition of a corporate learning management system is a piece of software used to provide access to instructional materials like video lectures and e-books. The management system facilitates the onboarding of new workers by providing them with the information and training they need to perform their jobs successfully and, ultimately, to advance in their careers. Provides a variety of resources in an online format to help management track and improve workers' development and performance. Pre-testing is also available so that reports of skill gaps can be analysed. More than that, it allows students to participate in interactive features, such as portal discussions, video conferences, and online group forums.
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Driver:
Innovations in eLearning tools, rising BYOD and enterprise mobility trends, and an increased focus on lifelong education are all factors that are helping to propel the Corporate Learning Management System Market. Organization of eLearning content anywhere, unlimited access to eLearning materials, faster tracking of progress and performance, and decreased learning and development costs are some of the other drivers boosting the market. In addition to helping businesses adapt to ever-evolving compliance regulations, the global corporate learning management system market is used to integrate social learning experiences with the goal of raising internal productivity and efficiency.
Opportunity:
Incorporation of advanced technologies such as AR/VR and Al/ML for better training environment. Companies in all sectors are enhancing their training and development programmes with the help of cutting-edge technologies like augmented reality, virtual reality, and gamification. Furthermore, mobile technology has completely altered the way in which information is conveyed to students. Some suppliers provide microlearning apps for mobile devices, so students can study anywhere.
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Market Segmentation:
Component type Insights: By Component type, the market is bifurcated into Solutions and Services. Among this, the Stand-alone is the largest segment. Integrated Solution segment is the second largest segment with the CAGR of 24.01% and the held the market share of 35.36% with the estimated market size of USD 23 billion in the year 2027.
Industry Vertical type Insights: By Component type, the market is segmented into Software & Technologies, Healthcare, Retail, Manufacturing, BFSI, Government & Defense, Energy & Utilities, Telecom and Others. Among them, the segment Software and Technologies holds the largest market share of 32.21% in the year 2019 for the corporate learning management system market. Organizations in the software and technology sector have greater needs for the business and the employees.
By Component
• Software
• Services
By Deployment Type
• Cloud Based
• On premises
By Vertical
• Software & Technologies
• Healthcare
• Retail
• Manufacturing
• BFSI
• Government & Defense
• Energy & Utilities
• Telecom
• Others
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Regional Insights:
Corporate Learning Management System (LMS) market is growing rapidly in the Asia-Pacific region. APAC region is accounted for the largest market share across the globe with the CAGR of 26.13%. Due to the growing e-learning industry in the developing countries like Japan, India and China. Also, Corporate Learning Management System (LMS) price in India is feasible and affordable with an easy access directly increasing the market of Corporate Learning Management System (LMS). Also, the APAC region is implementing the online education system which is boosting the growth.
By Region
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
South America (Brazil, Argentina, Rest of SA)
Players Covered in Corporate LMS Market are:
• Absorb Software
• Adobe Systems
• Blackboard
• Cornerstone OnDemand
• CrossKnowledge
• CYPHER LEARNING
• D2L
• Docebo
• Epignosis
• Expertus
• G-Cube
• Geenio
• Growth Engineering
• IBM
• Instructure
• iSpring
• Latitude CG
• LearnUpon
• Mindflash
• Oracle
• Saba Software
• SAP
• Schoology
• SumTotal Systems
• Tata Interactive Systems
• Upside Learning and other major players.
Table of content
Chapter 1: Introduction
1.1 Research Objectives
1.2 Research Methodology
1.3 Research Process
1.4 Scope and Coverage
1.4.1 Market Definition
1.4.2 Key Questions Answered
1.5 Market Segmentation
Chapter 2:Executive Summary
Chapter 3:Growth Opportunities By Segment
3.1 By Component
3.2 By Deployment Type
3.3 By Vertical
Chapter 4: Market Landscape
4.1 Porter's Five Forces Analysis
4.1.1 Bargaining Power of Supplier
4.1.2 Threat of New Entrants
4.1.3 Threat of Substitutes
4.1.4 Competitive Rivalry
4.1.5 Bargaining Power Among Buyers
4.2 Industry Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunities
4.5.4 Challenges
4.4 Pestle Analysis
4.5 Technological Roadmap
4.6 Regulatory Landscape
4.7 SWOT Analysis
4.8 Price Trend Analysis
4.9 Patent Analysis
4.10 Analysis of the Impact of Covid-19
4.10.1 Impact on the Overall Market
4.10.2 Impact on the Supply Chain
4.10.3 Impact on the Key Manufacturers
4.10.4 Impact on the Pricing
Chapter 5: Corporate Learning Management System Market by Component
5.1 Corporate Learning Management System Market Overview Snapshot and Growth Engine
5.2 Corporate Learning Management System Market Overview
5.3 Solutions
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size (2016-2028F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Solutions: Grographic Segmentation
5.4 Services
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size (2016-2028F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Services: Grographic Segmentation
Continue….
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