Learning Management System Market: Current Analysis and Forecast (2022-2028)

Report Description

The global Learning Management System Market is expected to grow at a growth rate of around 18% during the forecast period. A learning management system is a software application or web-based technology used to plan, implement, and evaluate a specific learning process. It is used in e-learning practices and in its most common form consists of two elements: a server that performs basic functions and a user interface that is operated by instructors, students, and administrators. Learning management systems are commonly used by businesses of all sizes, central government agencies, local governments, traditional educational institutions, and online/e-learning based institutions. The system can improve traditional teaching methods while saving organizations time and money. The global learning management system market is growing rapidly on the account of the growing need for efficient and accessible learning, efficient management of learning content, the growing adoption of cloud-based learning management system solutions, and the rising demand for smart and interactive learning platforms. Moreover, factors such as the rising number of enrollments for online courses and the growing trend for online education are also contributing to the growth of the market. For instance, according to the US Census Bureau, in households with incomes of USD 100,000 or more, 85.8% of people with children reported using online resources for distance learning.

Some of the major players operating in the market include Cornerstone OnDemand Inc., International Business Machines Corporation, Blackboard Inc., SAP SE, Powerschool Holdings Inc., Oracle Corporation, Instructure, Inc., Infor Global Solutions, Adobe Inc., and Docebo S.p.A. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst deployment, on-premises deployment segment to witness robust CAGR during the forecast period”

Based on deployment, the market is divided into on-premises and cloud. The on-premises segment catered to a prominent share of the global learning management system market mainly due to the in-house safety and security capabilities of the on-premises deployment. However, small organizations and educational institutes are moving toward cloud-based deployment due to its flexible pricing options. The ease of operation while connecting various applications and services is further impacting the growth of the cloud-based learning management system.

“Amongst user-type, the academic segment to hold a significant share in the market in 2020”

On the basis of user-type, the market is bifurcated into academic and corporate. The growing need for effective learning tools for training students is helping the academic segment to grow, making it a quickly growing segment. The learning management system helps academic institutions maintain the integrity of their educational programs, enabling educators to develop courses, conduct instruction, facilitate communication, facilitate collaboration, and assess students effectively and efficiently.

“Asia-Pacific to hold a significant share in the market”

Asia-Pacific is expected to grow at a strong growth rate during the forecast period. The government initiatives to promote digital infrastructure are responsible for promoting the adoption of learning management system solutions in the region. Countries in APAC are considerably contributing toward the growth of the market, owing to the rapid adoption of various learning management system solutions by enterprises in the region. Furthermore, the region has the highest number of students, and as technology advances, the demand for e-learning and distance learning is increasing. This will make the learning management system market meet the diverse educational needs of different countries in the APAC region, such as Australia and New Zealand (ANZ), Japan, China, Singapore, and India.

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global learning management system market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Learning Management System Market Analysis (2022-2028)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global learning management system market were the three major steps undertaken to create and analyze the adoption of learning management system in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global learning management system market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the learning management system market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the learning management system market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as component, deployment, and user-type. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the learning management system market. Further, we conducted factor analysis using dependent and independent variables such as component, deployment, and user-type of learning management system. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the learning management system market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global learning management system market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the learning management system market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global learning management system market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global learning management system market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the component, deployment, and user-type in the global learning management system market.

The main objective of the Global Learning Management System Market Study

The current & future market trends of the global learning management system market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the learning management system market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of component, deployment, and user-type
• Define and analysis of the regulatory framework for the learning management system industry
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
• Analyze the current and forecast market size of the learning management system market for the major region
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
• Company profiles of the learning management system market and the growth strategies adopted by the market players to sustain in the fast-growing market
• Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
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