The global next gen
learning management systems (LMS) market is expected to expand at a respectable
growth rate from 2017 to 2021 (forecast period). It is driven by automated
systems that can provide training to employees in organizations. Their achievements
can be tracked by their position, performance, and other metrics such as
social, behavioral, and emotional aptitude.
Learning Management
Systems (LMS) is a software application designed to impart training or
educational courses, coupled with tracking, reporting, documenting, and
administrative tasks. Bring-Your-Own-Device (BYOD) is a trend that is
encouraging the growth of this market with other mobile learning platforms.
SMAC (Social, Mobile, Analytics, Cloud) is also playing a major role in
supporting this trend. Cloud computing is an economical method of delivering
courses to various potential students. Advances in technology are spurring the
adoption of LMS by corporations.
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Mobile learning support
systems are increasingly gaining prominence in the industry. LMS providers are
creating software that would be compatible with latest smartphones to target a
particular demographic. INSTRUCTURE, a U.S. LMS provider, has partnered with
the Georgia Institute of Technology to implement the company’s LMS (“Canvas”)
to offer educational courses for residential and virtual residents. The system
can be used to improve their learning experience and increase passing
percentage.
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The worldwide next gen
LMS market is segmented according to application, end user, and region. By
application, the market is fragmented into learner management, content
management, performance management, administration, communication and
collaboration, and others. Learner management is anticipated to generate
maximum revenue for the market due to the need to monitor course progress,
create reports, and various other tasks. The telecom and IT industry is
expected to be the biggest end user due to ever-evolving technologies involved
in the sector.
End users include
corporate and academic. The corporate segment is sub-divided into small and
medium (SME) enterprises and large enterprises. The academic segment is
sub-segmented into higher education and K-12. The higher education segment is
expected to exhibit a 31.7% CAGR during the forecast period. The corporate
segment is touted to be a big market earner in the forthcoming years. Within
the academic segment, K-12 holds a smaller market share as compared to higher
education. Grovo, Litmus LMS, and Absorb LMS are popular corporate LMS
software, while Blackboard and Moodle cater to the higher education segment.
By geography, the
market covers North America, Europe, Asia Pacific (APAC), and Rest of the World
(RoW). North America may lead the global market during the forecast period due
to the adoption of LMS by various corporations. It was driven by job and
vocational training courses, particularly in the U.S. It is encouraged by
presence of multinational corporations and other large conglomerates.
The APAC market is
expected to exhibit a respectable CAGR till 2021 with organizations adopting
these solutions to train employees and gain better dividends. India is one of
the hottest markets after the U.S. with a high student population. Demand for
these systems by working professionals to further their education is expected
to influence market growth. The India market may register a double-digit growth
rate during the forecast period.
The market is
oligopolistic in nature with only few players at the top. Prominent market
players encompass INSTRUCTURE, Jenzabar, Docebo, Growth Engineering, and D2L
Corporation. INSTRUCTURE’s LMS had a high adoption rate in high schools in the
U.S. Players are investing in the Cloud platform and reorganizing their
structure to keep their plans feasible. Technologies that can deliver analytics
and integration on various platforms are future trends that could define the
market.
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Michelle Thoras
Corporate Sales Specialist, USA
Radiant Insights, Inc
Phone: 1-415-349-0054
Toll Free: 1-888-202-9519
Email: sales@radiantinsights.com
Blog URL: http://www.radiantinsightsinc.blogspot.com