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Learning Management Systems Market

Learning Management Systems Market

Global Industry Analysis (2018 - 2021), Growth Trends, and Market Forecast (2022 - 2029)

Published Date: Upcoming | Format:

Industry: Information & Communications Technology | Author Name: Mohit

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Advancements in LMS Technologies to Fuel Growth of Learning Management Systems Market

All businesses could benefit from a learning management system (LMS). Learning is a huge part of business, whether it is the product selling or keeping employees happy. Today there are an increasing number of tools and software designed to meet the learning needs of businesses. Educational institutions and providers – it’s no surprise that any business or organisation that provides learning as their bread and butter will absolutely need to invest in an LMS. This is likely to fuel the growth of learning management systems market. Regulated industries – businesses that operated in regulated industries, for example financial services, also need to provide training as standard practice to ensure their employees are compliant with industry regulations.

Every other business – even if training is not a legal requirement all businesses should be providing some sort of learning experience to employees. This is integral to productivity, competitiveness, and succession and retention. This also includes extended enterprise online training where companies can deploy training to external sales channels, franchisees and so on. There’s also a variety of people within an organisation who benefit from an LMS. The learners (employees, or customers) can take advantage of the flexibility and convenience of an LMS, particularly a cloud based one, with access to all the material they need anywhere and everywhere. They can also get and provide feedback including communications with other learners and teachers. The eLearning team including HR, and line managers can track student progress, provide feedback, easily update courses, make better decisions to improve learning and more, which supplements demand, thereby driving learning management systems market.

Internet and smart devices have integrated learning management systems for improved user interaction with the learning environment. Several user groups, including academic and enterprise, are rapidly adopting LMS, which is predicted to accelerate growth in the next years due to the low-cost cloud deployment strategy. Direct IT control, real-time teaching, faster document processing, and the cost-effectiveness of cloud deployment are expected to drive growth in the learning management systems market during the forecast period. In August 2020, Instructure has partnered with Amazon Web Services to provide educators with substantial cloud computing teaching tools. Instructure would be able to give users access to AWS Educate resources in Canvas.

The Internet of Things (IoT) has emerged as a major consumer trend in recent years. The number of global IoT connections climbed by 8% in 2021 to 12.2 billion active endpoints, a far slower rate of growth than in previous years. As supply constraints ease and growth accelerates, it is anticipated that there will be approximately 27 billion connected IoT devices by 2025. Bring your own device (BYOD) technology has emerged as a mainstream acceptance in the IoT market, creating opportunities for growth in the LMS market since e-learning platforms can be coupled with smart devices for a better learning environment. Furthermore, increased 5G internet penetration and smartphone use are projected to drive growth in the learning management systems market during the forecast period. In 2021, there will be approximately 664 million active 5G subscriptions. This figure is estimated to expand more than sixteen-fold by 2027 when there will be about 4.39 billion active 5G subscriptions.

The market is expanding because of increased government spending on IoT technologies. The market is seeing significant investments in research-related activities, which is increasing the usage of LMS in the government sector. Public-sector LMS projects are being pushed forward by a growing emphasis on implementing digital technology and increasing the delivery of public administration services via digitalised networks. Globally, the modernising government sector is embracing LMS solutions to improve employee abilities and get a higher ROI from training programmes, which will drive the learning management systems market revenue. Government measures to boost digitalisation in the education sector are assisting market statistics. In October 2020, the European Commission updated the Digital Education Action Plan (2021-2027), a regulatory action plan to help EU Member States' training systems and education adapt to the digital age.

Increased Use of Digital Learning in Workforce Training Drives the Growth of Corporate Category in Learning Management Systems Market

The Corporate user type is predicted to expand at the fastest rate over the projection period. The corporate section is further divided into software and technology, healthcare, retail, BFSI, manufacturing, government & defence, telecommunications, and others (energy & utilities, transportation & logistics, and travel & hospitality) LMS is widely employed in various industries since digital learning is widely used for workforce training in practically every firm. Its increasing popularity in the corporate segment is expected to increase rapidly since it allows enterprises to conduct meetings, training, and entrepreneurial programmes easily regardless of distance. The retail business is embracing e-learning to deliver sales training and product information to their staff. Enterprises across industries adopt LMS solution suites based on their learning requirements and regulatory requirements.

Increasing Ed-Tech Activities in North America to Drive Growth of Learning Management Systems Market

North America is expected to dominate the global learning management systems market over the forecast period due to increased ed-tech activity in the region. Growth in the use of learning management systems for online learning and inline classrooms to decrease costs and improve convenience is driving the industry. Furthermore, the growth of the learning management systems market in this region is accelerated by an increase in smartphone penetration coupled with fast internet connectivity, a rise in consumer preference for learning management systems, and widespread adoption of these systems among educational institutes.

The United States of America boasts a huge number of colleges and universities. This element would present a significant potential for players to grow their operations in this country. According to the EdSurge ed-tech financing database, education technology businesses in the United States invested USD 2.2 million in venture and private equity funding in 130 deals in 2020. The investment is around 30% larger than the previous year's US$1.7 Mn. As a result, North America is a major driver for the expansion of learning management systems market.

Europe is expected to grow at a significant rate over the forecast period. The use of open-source learning management systems (LMS) has grown in Europe. The need for online learning is growing in Europe's educational and corporate sectors. Because of aspects such as automation of human-intervened procedures, integrating Artificial Intelligence (AI) presents a considerable opportunity for learning management system firms to increase their capabilities. Furthermore, the market is expected to benefit from an increase in advances and activities aimed at digitalising education. According to Brighteye Advisors' European Ed-Tech Funding Report, 2021, Ed-Tech funding in Europe climbed to USD 711 million in 2020, up from US$651Mn in 2019.

Global Learning Management Systems Market: Competitive Landscape

Companies in the market are introducing new products alongside initiation collaborations, alliances, and partnership agreements. In July 2021, PowerSchool stated on the New York Stock Exchange that it would price its class A common stock at USD 18 per share (NYSE). This would assist the corporation in repaying outstanding debt expenses associated with the IPO. On the other hand, in March 2021, Telania, LLC-powered eLeaP announced the inclusion of on-the-job training (OT) tracking capability in its learning management solution. To reach additional critical milestones, the user can utilise this tool to select any OT from various sessions, such as metrics, industry-based compliance, closing skills gaps, and government requirements.

A few of the players in the learning management systems market include Cornerstone OnDemand (US), Blackboard (US), D2L (Canada), PowerSchool (US), Instructure (US), IBM (US), Infor (US), Adobe (US), LTG (UK), Oracle (US), SAP (Germany), Docebo (Canada), SumTotal (US), Axonify (Canada), BizLibrary (US), Thinkific (Canada), iSpring (US), Blue Sky eLearn (US), Trakstar Learn (Canada), Tovuti (US), 360Learning (France), Epignosis (US), LearnUpon (Ireland), SkyPrep (Canada), Absorb (Canada), CrossKnowledge (France), Lessonly (US), DigitalChalk (US), KMI Learning (US), and Moodle (Australia).

Global Learning Management Systems Market is Segmented as Below:

By Component:

  • Solutions
  • Services

By Delivery Mode

  • Distance Learning
  • Instructor-led Training
  • Blended Learning

By Deployment Type

  • Cloud
  • On-premises

By User Type

  • Academic
  • Corporate

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • France
    • Germany
    • Russia
    • Rest of Europe
  • Asia Pacific
    • Japan
    • South Korea
    • India
    • China
    • Rest of Asia Pacific
    • Latin America
    • Middle East
    • Africa

Key Elements Included In The Study: Global Learning Management Systems Market

  • Learning Management Systems Market by Product/Technology/Grade, Application/End-user, and Region
  • Executive Summary (Opportunity Analysis and Key Trends)
  • Historical Market Size and Estimates, Value, 2018 - 2021
  • Market Value at Regional and Country Level, 2022 - 2029
  • Market Dynamics and Economic Overview
  • Market Size in Value, Growth Rates, and Forecast Figures, 2022 - 2029
  • Competitive Intelligence with Financials, Key Developments, and Portfolio of Leading Companies 
  • Regional and Product/Grade/Application/End-user Price Trends Analysis
  • Value Chain and Five Force’s Analysis
  • Regional/Sub-region/Country Market Size and Trend Analysis
  • Company Market Share Analysis and Key Player Profiles

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