Sarasota, FL, Jan. 17, 2017 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Learning Management System Market (Distance Learning, Instructor-Led Trainings, and Others) for Performance Management, Content Management, Communication & Collaboration and Others Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016-2022”. According to the report, the global learning management system market was valued at around USD 5.19 billion in 2016 and is expected to reach approximately USD 19.05 billion in 2022, growing at a CAGR of slightly above 24% between 2017 and 2022.  

Learning management systems (LMS) is a software application used for planning, managing, delivering and appraising a learning process. Learning management system solutions use web-based technology to create and deliver content, track and evaluate the performance of users involved in learning the process. By LMS solutions, users can access the learning content and administration anytime and anywhere. Learning management system plays a vital role and acts as a central hub of learning for distributed learners enabling training and information sharing in the complicated process of imparting knowledge.

Browse through 24 Market Tables and 31 Figures spread over 110 Pages and in-depth TOC on “Global Learning Management System Market: Type, Application, LMS Size, Share, Growth, Analysis, Segment and Forecast 2016 – 2022”.

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Increasing need of high-quality education are the major factors which are driving the growth of learning management system. In addition, constant need of continuous learning along with cost effective and efficient manner is growing the demand of learning management system market. However, lack of integration and degree of customization are hampering the growth of LMS market. Nonetheless, market trend of employing cloud technology will give the opportunity to drive the demand for learning management systems market in long run.

Segmentation of learning management system market is done on the basis of delivery mode, user type and application vertical and region. Delivery mode is fragmented into distance learning, instructor-led training, and others. On the basis of user type the learning management market is divided into corporate and academic. Corporate segment dominated the learning management system market across the globe due to continuous up gradation of the corporate sector in terms of technology. Replacing conventional system with LMS system to create digital learning such as video-based training and presentation is escalating growth of learning management system market. Content management, performance management, communication and collaboration, administration and others are the vertical of LMS market. Applications of learning management system market are healthcare, BFSI, retail, telecom & IT and others.

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Learning management system is divided into North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa. Geographically, North America is dominating the learning management system market. Due to rising need of effective and quality education, North America is playing the prominent role in this market. Educational institution and corporate sectors are strongly adopting the learning management system which is helping to impel the market growth of learning management software. However, the major restraining factor of learning management system in North America is the low degree of customization and low desired integration. Several educational institutions fail in effective implementation of learning management system owing to low budget and expertise. Nonetheless, several applications and solution will provide opportunities for growth of learning management system market in North America over the forecast period.

Europe is another leading market in case of learning management system due to the adoption of e-learning, business emphasizes on continuous learning practices and cloud technology for LMS software. Furthermore, the convenience of flexible learning and availability of choices for curriculum creation is expected to increase demand for learning management systems in Europe.

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Asia pacific is also expected to record significant growth in near future due to the increased government funded projects in rural areas about literacy developments. Business sector is also projected to accelerate demand for learning management system market over the forecast period. Brazil learning management system applications have more interactive and personalized learning environment in digital space. Traditional learning management systems are blending with cloud technology and SaaS-based delivery model which helps to focus on training and development practices. Increasing need of higher education and emerging economies are creating growth opportunities in the Middle East & Africa.

The key participants in learning managements system are IBM Corporation, Blackboard Inc., SAP SE, ACS Technologies Group, Inc., McGraw-Hill Education, Oracle Corporation, Cornerstone Ondemand, Inc., IST AB, Saba Software, Inc., Skillsoft Limited and Upside Learning Solutions Pvt. Ltd., and others.

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The report segments global learning management system market as follows:

Global Learning Management System Market: Delivery Mode Segment Analysis

  • Distance Learning
  • Instructor-Led Training
  • Others

Global Learning Management System Market: User Type Segment Analysis

  • Academic
  • Corporate

Global Learning Management System Market: Application Segment Analysis

  • Content Management
  • Performance Management
  • Communication and Collaboration
  • Administration
  • Others

Global Learning Management System Market: Vertical Segment Analysis

  • BFSI
  • Healthcare
  • Retail
  • Government
  • Telecom and IT
  • Others

Global Learning Management System Market:  Regional Segment Analysis

  • North America 
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

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