Top Players in the Learning Management System (LMS) Market

Technology & Media

Top Players in the Learning Management System (LMS) Market

The global learning management system (LMS) market size reached US$ 19.5 Billion in 2023. As per the analysis by IMARC Group, the top learning management system (LMS) companies are investing in research and development (R&D) activities to develop innovative solutions to improve the user experience and stay ahead of the competition. Additionally, the growing demand for customization has impelled leading players to integrate LMS platforms with other systems for creating more value for their customers while increasing their market presence.

Along with this, leading service providers are capitalizing on the rising demand for more diverse learning content by expanding their platforms to include new areas, such as business, engineering, and health sciences, which is creating a positive market outlook. The rising adoption of solutions across enterprises, government institutions, and numerous organizations has encouraged top companies to rapidly expand their presence into these channels for providing customized solutions, which, in turn, is significantly supporting the market. Moreover, the emergence of e-learning trends, including online learning, mobile learning, big data, machine learning (ML), and artificial intelligence (AI), is creating a positive market outlook for top learning management system (LMS) companies. The growing adoption of learning management systems (LMS) to identify patterns and trends in learning is further impacting the market. Some of the other factors driving the market include the augmenting number of partnerships and rapid digitization. On account of these factors, the market is expected to reach US$ 87.3 Billion by 2032, exhibiting a growth rate (CAGR) of 17.5% during 2024-2032.

Learn about opportunities, challenges, and trends in the global Learning Management System (LMS) industry with IMARC’s market research report. Try a free sample today!

Top Companies Operating in the Global Learning Management System (LMS) Market

 

1. Absorb LMS Software Inc. 

Establishment: 2003 
Headquarter: Calgary, Canada 
Website: https://www.absorblms.com/company  

Absorb LMS Software Inc. is a learning technology company that is revolutionizing the learning technology industry through its powerful products. It is the first learning experience platform (LXP) that provides users with an uninterrupted learning journey. Meanwhile, its flagship product, Absorb LMS, is an award-winning learning management system that is widely popular among leading businesses, higher education firms, government organizations, and non-profit agencies. The company offers excellent e-learning technology and support to help organizations across the globe. 

2. Adobe Inc. 

Establishment: 1982 
Headquarter: California, United States 
Website: https://www.adobe.com  

Adobe is a leading provider of digital marketing and media solutions. Its wide range of products and services enable customers to design cutting-edge digital content, distribute it to multiple devices and platforms, track and analyze the performance of its content, and enhance the business results. Through Adobe's solutions, customers are able to create, manage, measure, and monetize their content on any platform and device. Some of its most popular products include Illustrator, Photoshop, Flash, Freehand, InDesign, Acrobat, and Dreamweaver. Additionally, it is working with other leading technology companies to enhance its security and accessibility.  

3. Blackboard Inc. 

Establishment: 1997 
Headquarter: Florida, United States 
Website: https://www.blackboard.com/group/136  

Blackboard Inc. is an industry leader in the development of cutting-edge technologies and creative solutions that enhances the learning experience of millions of students globally. Its products enable universities, K-12 schools, professional establishments, corporate entities, and government bodies to extend online teaching and learning, ensure campus safety and commerce, and foster effective communication within communities. The company offers various services, such as course design services, strategic services, analytics services, educational services, blackboard academy, and technical services. 

4. Cornerstone On Demand Inc. 

Establishment: 1999 
Headquarter: California, United States 
Website: https://www.cornerstoneondemand.com/ 

Cornerstone OnDemand Inc. is an acclaimed provider of a comprehensive learning and talent management suite provided through SaaS technology. The company provides different organizations with the necessary resources to empower its personnel and maximize the potential of its human capital. Cornerstone's cloud-based software portfolio consists of Cornerstone onboarding, recruiting, performance, learning, connect, succession, compensation, and extended enterprise. The company is known to promote access to education around the world through online learning and now functions as a diverse team of talented experts, or Cornerstars, that provide creative solutions to tackle challenges and develop cutting-edge technologies while offering customers and its employees a great experience across the globe.

5. D2L Corporation 

Establishment: 1999 
Headquarter: Kitchener, Canada 
Website: https://www.d2l.com/ 

D2L Corporation is a pioneer in creating cloud-based learning solutions aimed at higher education, K-12, and Fortune 1000 companies. Its next-generation learning management system and solutions are designed to motivate and enable learners throughout their lives, helping customers to break down the barriers for accessing the best learning experiences. Brightspace, its cloud-based learning solution, offers an open and customizable platform that is widely adopted across higher education, K-12, healthcare, government, and corporate sectors. The company has a long history of working with global leaders, policymakers, and industry innovators to achieve educational progress. It offers personalized services to each customer, tailoring its approach to meet the learners’ requirements and provide the necessary support for successful outcomes. 

6. Docebo 

Establishment: 2005 
Headquarter: Ontario, Canada 
Website: https://www.docebo.com/ 

Docebo is a cloud-based learning platform that allows companies to deliver, track, and certify online training. Since 2005, the company has grown to serve users across the globe, becoming a leader in corporate, government, and small business e-learning solutions. In addition, Docebo has secured a huge amount of funding that it utilizes in revolutionizing its businesses by introducing modern technologies that aid customers to create and manage content, offer instruction, and analyze the effect of learning experiences. Some of the solutions offered by the company include customer training, partner training, member training, sales enablement, employee onboarding, employee development and retention, and compliance training. 

7. Epignosis LLC 

Establishment: 2012 
Headquarter: California, United States 
Website: https://www.epignosishq.com/ 

Epignosis LLC is a learning technology vendor that is devoted to advancing learning technologies and making them accessible and cost-efficient to a larger number of customers. Its suite of products are widely adopted for enhancing learning and development in organizations and enterprises. These products are TalentLMS, a cloud-based Learning Management System, eFront, a leading-edge Enterprise Learning Management Platform, and TalentCards, a micro-learning tool that offers short-term training. The company is constantly working to create tools that are user-friendly, straightforward, and appropriate for the job at hand, as well as reliable and powerful.  

8. International Business Machines Corporation 

Establishment: 1911 
Headquarter: New York, United States 
Website: https://www.ibm.com/ 

IBM is a well-known global leader in the technology and innovation field. It is the world's largest technology and consulting employer, with over 400,000 employees in multiple parts of the world. IBM provides a comprehensive range of technology and consulting services, along with a broad portfolio of middleware for collaboration, software development, predictive analytics, and systems management, as well as the most advanced servers and supercomputers. By leveraging its business consulting, technology, and research and development (R&D) capabilities, the company assists businesses in becoming smarter as the world becomes increasingly digitally connected.  

9. McGraw Hill 

Establishment: 1888 
Headquarter: New York, United States 
Website: https://www.mheducation.com/ 

McGraw-Hill Education is a provider of learning solutions. It offers a wide range of offerings, including iBooks and mobile applications, which cover topics, such as science, mathematics, social studies, reading, languages, arts, music, college and career readiness, engineering, and professional development. Digital solutions are also available, including online learning systems, e-books, digital curricula, adaptive-learning programs, and hybrid or blended learning solutions. In line with this, the company provides webinars and resources for K-12 educators and its products and services are applicable to elementary and secondary education, advanced placement, honors, and electives, adaptive learning, intervention, supplemental education, adult basic education, and professional development. 

10. Oracle Corporation 

Establishment: 1977 
Headquarter: Texas, United States 
Website: https://www.oracle.com/in/corporate/ 

Oracle is at the forefront of cloud-based solutions, providing numerous organizations the opportunity to access high-performance, secure, and cost-effective computing infrastructure and software. The company created the world’s first and only autonomous database, enabling customers to store and protect their data with ease. Oracle Cloud Infrastructure is designed to give businesses flexibility, allowing them to quickly transition workloads from on-premises to the cloud and across multiple cloud and on-premises solutions. Additionally, Oracle Cloud applications are designed to offer business leaders access to modern applications that allow them to achieve a competitive edge, attain sustainable growth and be more resilient. 

11. Paradiso Solutions 

Establishment: 2007 
Headquarter: Florida, United States 
Website: https://www.paradisosolutions.com/ 

Paradiso is a technology-based company with roots in Silicon Valley and a global reach. The company aids its clients in reaching their full potential by providing them with the best IT consulting and enterprise software solutions. It caters to a variety of business sectors, including retail, manufacturing, finance, education, and healthcare. One of its most successful solutions is the eLearning solution, in which it offers a range of products and services for the eLearning market, such as a Learning Management System (LMS), an authoring tool, off-the-shelf courses, custom course creation services, and managed learning services. The Paradiso LMS has been consistently ranked amongst the top three cloud-based LMSs across the globe. 

12. Pearson 

Establishment: 1844 
Headquarter: London, United Kingdom 
Website: https://www.pearson.com/ 

Pearson is one of the world's prominent learning companies with customers across the globe. It provides digital content, assessments, qualifications, and data to help consumers of all ages and backgrounds. The company strives to create meaningful and enriching educational experiences for its customers to reach their full potential. Pearson products and services are utilized around the globe for offering required skills and knowledge that are tailored to consumers’ needs. It aids in upskilling the workplace, excelling in schools and universities, and even learning new languages. 

13. SAP SE 

Establishment: 1972 
Headquarter: Walldorf, Germany 
Website: https://www.sap.com 

SAP SE is a leading provider of enterprise application software and software-related services. Its portfolio of solutions is diverse, encompassing enterprise resource planning, financial management, intelligent technologies, analytics, digital platforms, human resource, people engagement, digital supply chain, network, speed management, customer resource management, and customer experience. SAP's business software and enterprise applications are designed to be used across applications, including analytics, cloud, mobile, and database, as well as technology operations. The company is revolutionizing the ERP landscape and empowering companies of all sizes and in all industries to function more effectively. Its software offers organizations the ability to create interconnected networks of intelligent enterprises that promote transparency, resiliency, and sustainability along its supply chains. 

14. Sumtotal Systems LLC (Skillsoft) 

Establishment: 1985 
Headquarter: Florida, United States 
Website: https://www.sumtotalsystems.com/ 

SumTotal functions under the umbrella of Cornerstone OnDemand company and offers a comprehensive learning and talent development suite that is unified and can result in tangible improvements across the entirety of an employee's experience. SumTotal's platform is vital for the growth and long-term success of businesses and has been deployed in some of the most advanced, intricate, and heavily regulated industries, such as aviation, financial services, healthcare, manufacturing, and pharmaceuticals. The company provides special solutions that can connect performance management, compensation, and succession planning to the LMS and workforce management data to generate the HR analytics and workforce intelligence needed. 

15. Xerox Corporation 

Establishment: 1906 
Headquarter: New York, United States 
Website: https://www.xerox.com/en-us  

Xerox Corp, a subsidiary of Xerox Holdings Corp, is a document management technology and services enterprise that provides document management and business solutions. Its portfolio consists of copiers, sensors, printers, scanners, and digital presses. Additionally, the company offers centralized print services, enterprise content management, and workflow automation. Furthermore, it offers graphic communication, workplace solutions format systems, and global imaging systems network integration solutions. Its scientists and engineers are continually engaged in innovating new technologies in digital transformation, augmented reality, robotic process automation, additive manufacturing, the industrial internet of things, and cleantech.

About Author:

Aditi Kumar 

Senior Content Writer at IMARC Services Private Limited 

Aditi is a content writer and editor at IMARC Services Private Limited with over two years of experience in market research, covering diverse sectors from information technology to healthcare, automotive, oil and gas, food and beverage, and electronics. She actively works on numerous predictive and exploratory research projects and has hands-on experience analyzing and writing about macro and micro markets. Besides writing, Aditi loves baking and reading novels.

For more information on this market, write to us:

Please enter the Captcha text*

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com