Global Learning Management System (LMS) Market to Grow at 17.5% During 2024-2032, Bolstered by Rising Adoption of Cloud-Based Deployment Models

November 25, 2021 | Technology & Media

The latest report by IMARC Group, titled “Learning Management System (LMS) Market Report by Component (Solution, Services), User Type (Academic, Corporate), Delivery Mode (Distance Learning, Instructor-Led Training, Blended Learning), Application (Administration, Content Management, Performance Management, and Others), End User (Government and Education, Healthcare, IT and Telecom, Hospitality, Retail, Manufacturing, and Others), and Region 2024-2032,” finds that the global learning management system (LMS) market reached a value of US$ 19.5 Billion in 2023. A learning management system (LMS) is a programming application that provides a foundation, devices, and settings to online learning and training programs. It offers personalization of content as per the target audience and preferred learning styles, keeping trainees as a priority. LMS includes cloud and on-premise deployment models, which provide a customizable interface, social learning, mobile compatibility, automation, pre-built and custom courseware, as well as blended learning in several corporate organizations. In recent years, this technology has gained immense popularity as it provides a seamless experience and valuable insights, improves productivity, and supports a wide range of learning methods.

Global Learning Management System Market Trends: 

The integration of artificial intelligence (AI) and machine learning (ML) has increased the significance of e-learning in corporate and academic setup, which represents the primary factor propelling the demand for LMS solutions. The growing inclination toward bring your own device (BYOD) trend is further fueling the market growth. Moreover, there has been a rise in the number of connected devices in the Internet of Things (IoT) and a surge in online employee engagement programs owing to the significant adoption of digital technology. Along with this, various SMEs and large enterprises prefer cloud-based deployment models that do not involve high capital costs and have low maintenance requirements. Looking forward, the market value is expected to grow at a CAGR of 17.5% during the forecast period (2024-2032).

Market Summary: 

  • Based on the component, the market has been segmented into solution and services.
  • On the basis of the user type, the market has been bifurcated into academic and corporate.
  • The market has been categorized based on the delivery mode into distance learning, instructor-led training, and blended learning.
  • On the basis of the application, the market has been segregated into administration, content management, performance management, and others.
  • Based on the end user, the market has been classified into government and education, healthcare, IT and telecom, hospitality, retail, manufacturing, and others.
  • Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the market has been examined, with some of the key players being Absorb LMS Software Inc., Adobe Inc., Blackboard Inc., Cornerstone OnDemand Inc., D2L Corporation, Docebo S.p.A., Epignosis LLC, International Business Machines Corporation, McGraw Hill, Oracle Corporation, Paradiso Solutions, Pearson, SAP SE, Sumtotal Systems LLC (Skillsoft), and Xerox Corporation.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Component, User Type, Delivery Mode, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Absorb LMS Software Inc., Adobe Inc., Blackboard Inc., Cornerstone OnDemand Inc., D2L Corporation, Docebo, Epignosis LLC, International Business Machines Corporation, McGraw Hill, Oracle Corporation, Paradiso Solutions, Pearson, SAP SE, Sumtotal Systems LLC (Skillsoft) and Xerox Corporation
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Learning Management System (LMS) Market to Grow at 17.5% During 2024-2032, Bolstered by Rising Adoption of Cloud-Based Deployment Models
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