The global LMS Market size to grow from USD 15.8 billion in 2021 to USD 37.9 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 19.1%

during the forecast period. The growing need for efficient and accessible learning to drive the LMS Market. LMS provided an educational platform to learn and teach anytime and anywhere. Teachers can upload the educational content, and students can view the uploaded material by logging onto LMS.

New York, Dec. 14, 2021 (GLOBE NEWSWIRE) -- announces the release of the report "Learning Management System Market by Component, Delivery Mode, Deployment, User Type And Region - Global Forecast to 2026" -
Advance LMS solutions enables learners to learn at their pace throughout a course. It increases course satisfaction and completion rates and people’s growth in the interaction between tutor and learner. Hence, education institutes and enterprise are increasingly adopting LMS solutions.
• By Component, the service segment to grow at the higher CAGR during the forecast period

By Component, the service segment is expected to grow at the higher growth rate during the forecast period.The high growth of service segment can be attributed to the growing need for implementation and technical support.

The education and learning service providers render variety of education related services, categorized into consulting services, implementation services, and support services, these services provide learners with services for curriculum development and smooth installation, development, and maintenance of ongoing activities.
• By Services, the support services segment to hold the largest market size during the forecast period

The Support services segment is expected to hold the largest market size.Services in support services refers to the online and onsite support and maintenance to users so that they can use the deployed solution in a better way.

Support services are crucial, as they directly deal with customer issues, which in turn impacts customer satisfaction.
• By Delivery mode, Blended Learning segment to grow at the highest CAGR during the forecast period

The Blended Learning segment is projected to grow at the highest CAGR during the forecast period.Blended Learning is a style of learning in which employees learn via electronic media and face-to-face training.

It combines learning methods where learners are independently learning at their pace while also learning under an instructor.

The breakup of the profiles of the primary participants is given below:
• By Company: Tier 1 – 40%, Tier 2 – 35%, and Tier 3 – 25%
• By Designation: C-Level Executives – 50%, Directors– 20%, Managers–30%
• By Region: North America – 45%, APAC – 30%, Europe – 15%, and RoW* – 10%
Note: Tier 1 companies have revenues over USD 1 billion; tier 2 companies have revenues ranging from USD 500 million to USD 1 billion; and tier 3 companies have revenues ranging from USD 100 million to USD 500 million
*RoW includes MEA and Latin America
Source: MarketsandMarkets Analysis

The following key LMS vendors are profiled in the report:
• Cornerstone OnDemand (US)
• Blackboard (US)
• D2L (Canada)
• PowerSchool (US)
• Instructure (US)
• IBM (US)
• Infor (US)
• Adobe (US)
• LTG (UK)
• Oracle (US)
• SAP (Germany)
• Docebo (Canada)
• SumTotal (US)
• Tovuti (US)
• 360Learning (France)
• Epignosis (US)
• LearnUpon (Ireland)
• SkyPrep (Canada)
• Absorb (Canada)
• CrossKnowledge (France)
• Lessonly (US)
• Axonify (Canada)
• BizLibrary (US)
• Thinkific (Canada)
• iSpring (US)
• Blue Sky eLearn (US)
• Trakstar Learn (Canada)
• DigitalChalk (US)
• KMI Learning (US)
• Moodle (Australia)

Research Coverage
The LMS Market is segmented by Component, Delivery mode, Deployment Type, User Type, and Region. A detailed analysis of the key industry players has been undertaken to provide insights into their business overviews; solutions and services; key strategies; new product launches; partnerships, agreements, and collaborations; business expansions; and competitive landscape associated within the LMS Market.

Reasons to Buy the Report

The report would help the market leaders and new entrants in the following ways:
• It comprehensively segments the LMS Market and provides the closest approximations of the revenue numbers for the overall market and its subsegments across different regions.
• It would help stakeholders understand the pulse of the market and provide information on the key market drivers, restraints, challenges, and opportunities in the market.
• It would help stakeholders understand their competitors better and gain more insights to enhance their positions in the market. The competitive landscape section includes a competitor ecosystem, new product launch, product enhancement, partnerships, mergers, and acquisitions.
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