Global Corporate Learning Management System (LMS) Market by Component, Deployment type, organization size, Region, and Key Companies

 17 Feb, 2021  Vaibhavi Latane   IT and Software
Corporate Learning Management System (LMS) Market

The global Corporate Learning Management System (LMS) market was valued at USD 3.85 billion in 2020 and is expected to reach USD 15.26 billion by the year 2025, at a CAGR of 25.14%.

As e-learning is evolving, there is a need for skilled workforce to further develop the services and tools. Online learning management systems are typically used in the business and education sectors, be it distance learning or instructor-lead Partnerships with popular software and messaging platforms are making LMS in the corporate setting more and more common. It simplifies things for both learners and trainers by making it easy to create, deliver, and consume course content.

The Key players involved in Corporate Learning Management System (LMS) Market are Absorb Software, Adobe Systems, Blackboard, Cornerstone OnDemand , CrossKnowledge, CYPHER LEARNING, D2L, Docebo, Epignosis.

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By Component type, the market is bifurcated into    

·         Solutions

·         Services

by Deployment type  

·         On-Premises

·         Cloud based

Regions and Countries Level Analysis:         

·         North America (U.S., Canada, Mexico)

·         Europe (Germany, U.K., France, Italy, Russia, Spain etc.)

·         Asia-Pacific (China, India, Japan, Southeast Asia etc.)

·         South America (Brazil, Argentina etc.)

·         Middle East & Africa (Saudi Arabia, South Africa etc.)

The Corporate Learning Management System (LMS) Market is growing with an increasing trend and an increasing emphasis on enterprise mobility and continuous learning. Another factor helping the market grow is the continuous innovation of e-learning tools. Factors such as low motivation and reduced organizational traffic, as well as expensive methodologies for producing e-learning content, are hindering the growth of the market.

By the end of 2027, the Corporate Learning Management System Market size is estimated to be at USD 15.12 billion due to many key players inclining toward online education increasing in the APAC region.

Salient Features of the Corporate Learning Management System (LMS) Market:

·         The approximate expected value for the Corporate Learning Management System (LMS) was USD 3.85 billion in 2019, and it is expected to reach USD 15.26 billion by 2025.

 

·         The increase in e-learning and online education may expand the growth of the market in the forecast period.

Based on the deployment segment, the on-premises segment dominates the segment with a market share of 43.05% and a market size of USD 18.87 billion in the year 2019 with a CAGR of 26.44% and is expected to be the size of USD 26.28 billion in the year 2027.