(MENAFNEditorial) Market Research Future published a research report on 'Learning Management System Market Research Report- Global Forecast 2023' – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.
Learning Management System Global Market Overview
The Global Learning Management System Market is growing with the rapid pace. According to a recent study report published by the Market Research Future, The global market of Learning Management System will grow moderately over the forecast period. The market is forecasted to witness slow but steady growth by 2022, which will be a surplus growth at a moderate CAGR during the projected period (2016 -2022).
The is driven by the factors such as the growth of learning management system market is increasing e-learning industry, growing cloud computing market, and increasing demand for cost-effective training solution by industries among others. Furthermore, the growing technology in software industry which is boosting the market growth. On the other hand, high speed internet connectivity is one of the major factors likely to pose challenges to the Market Growth. Some predominant trends such as eLearning Management System and smart devices are propelling the Learning Management System market growth to the large extent.
With the adoption of Artificial Intelligence and Business Intelligence which is integrated with the Learning Management System. The cloud based learning is gaining momentum in the forthcoming years which is propelling the market growth to the large extent. The business intelligence are integrated with Learning Management System which is helpful in analysing distance learning such as correspondence, video, satellite broadcasts, or e-Learning. The learning management system via eLearning based can benefit by increases competences of all participants with high effective knowledge transfer, provide training for distributed staff, exchange of e-learning experiences and building knowledge base, simplify the skills-gaps detection and others.
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Industry/ Innovation/ Related News:
Jan 21, 2016: Blackboard, Inc. had announced for deploying its flagship learning management system and Software-as-a-Service (SaaS). With this announcement, the company is offering Learn Software-as-a-Service Plus and Blackboard Learn Software-as-a-Service Advantage for the higher education institutions in the United States. The company is availing the learning management system along with zero-downtime upgrades, higher quality through continuous delivery, new services innovation, and increased scalability.
July 13, 2016 - McGraw-Hill Education has announced learning platform with canvas learning management system that makes teaching and learning easier for educators and students. With this platform, it would be easier for the companies to connect with the student digitally and deliver the content and adaptive learning to them. This will improve the learning experience for all students.
September 29, 2016 : Expii, Inc. and Edmodo went into the strategic agreement for providing personalised interactive learning to the students and free application that offers personalized learning recommendations. By this agreement, the companies are making content accessible to the users for their learning experience.
Learning Management System Market Segmentation
The Global Learning Management System Market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
- Segmentation By Services: Comprises content management, Performance management, administration, communication & collaboration among others.
- Segmentation By Deployment: Comprises Cloud and on-premise.
- Segmentation By Application: Comprises Corporate, and academics among others.
- Segmentation By Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.
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Learning Management System Market: Regional Analysis
Learning management system global market is expected to be dominated by North America with the largest market share due to increasing awareness and growing adoption of learning management system by organizations in the region, and therefore accounting for a huge economy by 2022. Learning Management System Market in Asia-Pacific market is expected to grow at a considerable rate of CAGR. The learning management system market growth is driven due to increasing demand by organization for cost-effective learning system to train their employees which would give better return on investment in the future.
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