The global learning management systems market size was US$ 15428.9 million in 2021. The global learning management systems market size is forecast to reach US$ 82,223 million by 2030, growing at a compound annual growth rate (CAGR) of 20.6% during the forecast period from 2022 to 2030.
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The learning management system (LMS) works best for online learning. Also, they can be used to serve as a platform for online content, such as asynchronous and synchronous courses. Additionally, LMS software, often known as a computer-based training software, helps businesses and educational institutions manage their online learning programs more efficiently. As well as improving staff skills, it may be an effective approach to increase employee engagement and retention.
The U.S. Bureau of Economic Analysis and the U.S. Census Bureau reports that the goods and services deficit rose from $68.7 billion in January 2023 to $70.5 billion in February, an increase of $1.9 billion. Due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion, the goods and services deficit increased in February. The goods and services deficit has decreased this year by $35.5 billion, or 20.3% when compared to the same period in 2022. $10.8% more, or $49.5 billion, was exported. Imports cost $2.2% more, or $14.0 billion, than exports.
Factors Influencing Market Growth
Increasing adoption of learning management systems for online courses and inline classes to reduce costs and increase convenience is a key factor driving the global market.
Increasing smartphone penetration coupled with fast internet connectivity, increased consumer preference for learning management systems, and massive adoption of this system by educational institutions contribute to the growth of the learning management systems market.
The high price of courses and unstable internet connections in remote areas may slow down the market’s growth.
Artificial intelligence (AI) integration offers significant opportunities for learning management systems companies to expand their offerings due to the automation of human-intervened procedures. Growth in digitalized education is forecast to offer a growth opportunity to the market.
Impact Analysis of COVID-19
During the COVID-19 pandemic, the demand for learning management systems has grown significantly. Due to increased access to online learning management among consumers and initiatives by governing bodies to curb the spread of the virus by initiating online education and exams, consumers are more exposed to the virus. Furthermore, the learning management systems method is likely to be intact by the economic downturn. Therefore, these factors contribute to the growth of the learning management systems industry during pandemics.
Regional Insights
North America held dominance in the market in 2021 and is forecast to continue its dominance during the forecast period. This is due to the growing EdTech industry in the region. The United States has many colleges and universities. As a result, the players would have a huge opportunity to expand their businesses in this country.
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Asia Pacific would have the highest CAGR during the forecast period. Developing economies of Asia-Pacific such as China, Australia, India, Japan, Malaysia, Singapore, and others are investing in platforms to promote online education, training, and courses.
Leading Competitors
The leading prominent companies profiled in the global learning management systems market are:
Blackboard Incorporated
Callidus Software Incorporated
Epignosis LLC
John Wiley & Sons, Incorporated
Oracle Corporation
Jzero Solutions Limited
Paradiso Solutions
SABA Software, Incorporated
SAP SE
Sumtotal Systems, LLC
Other Prominent Players
Scope of the Report
The global learning management systems market segmentation focuses on User Type, Deployment Mode, Industry Vertical, and Region.
Segmentation based on User Type
Academic
Enterprises
Segmentation based on Deployment Mode
On-Premise
Cloud
Segmentation based on Industry Vertical
Government & Education
Retail
Healthcare
IT & Telecom
Manufacturing
Hospitality
Others
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What are the key findings of the report?
?This report provides comprehensive information on factors expected to influence the market growth and market share in the future.
?The report offers the current state of the market and future prospects for various geographical regions.
?This report provides both qualitative and quantitative information about the competitive landscape of the market.
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