Higher Education Segment to Dominate APAC Learning Management System Market During 2021–2028
According to The Insight Partners market research study on “APAC Learning Management System Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Deployment Mode, Delivery Mode, and End-user” is expected to reach US$ 13,202.65 million by 2028 from US$ 3,331.55 million in 2021. The market is estimated to grow at a CAGR of 21.7% from 2021 to 2028. The report provides trends prevailing in the APAC learning management system market along with the drivers and restraints pertaining to the market growth. Increasing adoption of immersive learning with virtual reality and augmented reality and growing implementation of BYOD in enterprises are the major factor driving the growth of the APAC learning management system market. However, accessibility of free of cost learning management platforms hinders the growth of APAC learning management system market.
The APAC learning management system market is segmented based on deployment mode, delivery mode, end-user, and country. Based on deployment mode, the APAC learning management system market is segmented into on-premise and cloud. The cloud segment dominated the APAC learning management system market in 2020 and same segment is expected to be fastest growing during forecast period. Based on delivery mode, the APAC learning management system market is segmented into distance learning, instructor-led training, and others. The instructor-led training segment dominated the APAC learning management system market in 2020 and same segment is expected to be fastest growing during forecast period. Based on end-user, the APAC learning management system market is segmented into K-12, higher education, and corporate. The higher education segment dominated the APAC learning management system market in 2020 and corporate segment is expected to be fastest growing during forecast period. Based on country, the APAC learning management system market is segmented into China, India, Japan, South Korea, Australia, and rest of APAC.
Blackboard Inc., Cornerstone, D2L Corporation, Docebo, International Business Machines Corporation, itslearning AS, Hurix, SAP SE, and Zoho Corporation Pvt. Ltd. are among the leading companies in the APAC learning management system market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Cornerstone has announced new content offerings expressly designed for today’s modern, skills-forward workforce. This development would help the company to meet the people where they are with a highly personalized and fully connected growth experience.
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