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Hyperconnectivity and Proliferation of Devices Accelerate Market Adoption
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Learning management solutions (LMS) serve as an excellent means to deliver multimedia and interactive course content to today’s generation of digitally connected students and workforce. The need for this shift in learning/teaching methodologies is the result of changing expectations from students and their parents regarding educational institutions and of growing stringent compliance requirements in high-risk industries where employee learning can be mission critical to organizational success.Overall revenue for the global LMS market grew by 10.6% and is expected to experience strong growth during 2018-2023 at a CAGR of 13.2%. This growth is a result of evolving technological needs of non-traditional students and employees, growing uptake of online programs to increase student enrollment and meet employee training needs, and future-proofing education to prepare students for tomorrow’s job market. Growth in the market is expected from the emergence of new use cases, increased penetration into the K-12 and SMB segments, growth in artificial intelligence (AI) technologies to create personalized learning, and the use of predictive analytics to improve learning outcomes.
This market study covers the following:
The base year of the study is 2018, with forecasts running up to 2023. The research highlights key trends impacting the global LMS market and outlines future implications. These trends include the use of predictive analytics to identify at-risk students and improve learning outcomes, hyperconnectivity bridging the digital divide, and the growth of lifelong or continued learning.
Geographical Segmentation: The global market has been segmented into North America, Latin America (NALA); Asia-Pacific (APAC); and Europe, the Middle East, and Africa (EMEA).
Key Issues Addressed
Readers who can benefit from the content found in this research include LMS vendors; EdTech vendors including LCS, MOOC, Big Data and device vendors; business organizations; educational institutions; government and healthcare agencies that are end consumers of LMS solutions, as well as anyone looking to venture into the LMS market.
Author: Deviki Gupta
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