Adoption of LMS by diverse sectors and sub-sectors is propelling the growth of the LMS market
The rising adoption of smart devices, technological advancements, and internet penetration have modernized learning and development scenario worldwide. However traditional classrooms are still dominant, a noteworthy growth has been witnessed in the adoption of LMS by enterprises and educational institutions for providing training and learning through the web.
Global LMS market has been categorized by delivery model majorly into three categories; distance learning, instructor-led training, and others. The instructor-led training is leading the market for LMS in 2016 and is expected to continue its dominance during the forecast period. Instructor-led training plays a crucial role in providing training and development in any organization. In the recent past, utilization of e-learning for training purpose has been noticed a substantial growth. Particularly, there is sufficient indication that several companies choose to provide compliance content electronically. This enables uniform learning that are common and are subjected to regulatory updates.
LMS market by end-user is segmented into K-12, higher education and corporate. The increasing student enrollment has resulted in need for expanded infrastructure in the educational institutes. Lack of budgets and time has created a need and provided a solution to these institutes to adopt LMS for effective student and faculty training. Such factors are expected to drive the market growth of LMS during the forecast period.
Some of the major players influencing LMS market are Cornerstone Ondemand, Inc., Docebo, IBM Corporation, Netdimensions Ltd., SAP SE, Blackboard Inc., SABA Software, Inc., Mcgraw-Hill Education, Inc., Pearson Plc, and D2L Corporation.
