(MENAFN- Ameliorate Digital Consultancy)
The global enterprise learning management system market was valued at USD 5.27 billion in 2021 and is projected to reach USD 12.35 billion by 2028, growing at a CAGR of 12.3% during the forecast period. Enterprise Learning Management System (LMS) is a software application for the administration, documentation, tracking, reporting, and delivery of educational courses, training programs, or learning and development programs within an organization. The global Enterprise Learning Management System market is expected to grow at a steady pace over the forecast period (2023-2028).
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Market Drivers:
Increasing need for employee training and development to stay competitive in the market The rise of remote and hybrid work models due to the COVID-19 pandemic Growing adoption of e-learning solutions in the corporate sector Technological advancements in the education sector, such as artificial intelligence and machine learning Growing demand for gamification and microlearning solutions to improve engagement and retention Market Segmentation:
The enterprise LMS market is segmented on the basis of deployment type, delivery mode, organization size, vertical, and region.
By deployment type:
By delivery mode:
Distance learning Instructor-led training Blended learning
By organization size:
Large enterprises Small and medium-sized enterprises (SMEs)
By vertical:
Banking, Financial Services, and Insurance (BFSI) Healthcare Retail Government and defense IT and telecom Others (education, manufacturing, and energy and utilities)
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Recent Developments:
In April 2021, Docebo, a leading provider of cloud-based Enterprise LMS solutions, launched Docebo Learning Suite, a new platform that combines LMS, learning content management system (LCMS), and AI-based social learning capabilities. In February 2021, Cornerstone OnDemand, a provider of cloud-based talent management solutions, announced the acquisition of Saba Software, a leading provider of Enterprise LMS solutions, to expand its product portfolio. Regional Analysis:-
North America US Canada Mexico Europe Germany France U.K. Italy Russia Nordic Countries Benelux Rest of Europe Asia China Japan South Korea Southeast Asia India Rest of Asia South America Brazil Argentina Rest of South America Middle East & Africa Turkey Israel Saudi Arabia UAE Rest of Middle East & Africa
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Key Players:-
Oracle Litmos Blackboard Callidus Software Epignosis John Wiley & Sons Oracle Corporation Jzero Solutions Paradiso Solutions SABA Software SAP SE Sumtotal Systems
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