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Learning Management System Market projected to reach $37.9 billion by 2026, with a remarkable CAGR of 19.1%

According to a research report Learning Management System Market by Component (Solutions and Services), Delivery Mode (Distance Learning, Instructor-led Training, and Blended Learning), Deployment, User Type (Academic and Corporate), and Region – Global Forecast to 2026″ published by MarketsandMarkets, 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 LMS Market is fuelled by enterprises focusing more on human capital development. Effective employee learning and development brings a positive impact on employee performance and organizational competitiveness. Training also helps employees develop a positive attitude toward learning and improving proficiency, which results in enhanced productivity and competitiveness in the workplace and the organization.

 

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A learning management system (LMS) is an e-learning platform used to design, deliver, and track training programs. It offers a blended learning environment, extensive batch management, monitoring of course completion, and automation for a seamless training experience. Organizations deploy LMS to impart goal-specific training and make learning easy and interactive. LinkedIn’s Workplace Learning Report (2022) puts learning and development (L&D) at the forefront of businesses, with 53% of learning and development (L&D) professionals suggesting that the learning function is integral to success and 48% of organizations working toward deploying learning management systems by increasing their investment capacity.

 

Cornerstone OnDemand, D2L, Blackboard, IBM (Kenexa), Adobe Systems, Docebo, and Cypher Learning are among the key players in the learning management system market.

 

Major trends that play an instrumental role in shaping the learning management system market include:

 

  • LMS offers easy integration capabilities to business systems and has become a top priority to enable a learning strategy that directly impacts business processes and results
  • Artificial intelligence (AI) and machine learning (MI) technologies streamline learning and facilitate e-learning management through data analytics, chatbots, and assigning of tasks
  • Gamification and game-based learning instill motivation through badges, points, and leaderboards, encouraging learners to focus more on the course
  • Integrating microlearning—which has a higher completion rate and could be used as on-the-go training—with LMS will make it easier for learners to access course materials anywhere
  • Augmented reality (AR) and virtual reality (VR) allow trainers to understand and measure users’ progress and take corrective measures to boost efficiency
  • Big data analytics can determine the company’s ROI on training by analyzing user experiences and performance data

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There is no question that technology has transformed businesses today. We now live in an interconnected world where traditional training methods have become less relevant. With technological advances, modern LMS has become more than an administrative tool to deliver and track e-learning—it has adapted to innovative trends and techniques, creating a more personalized and collaborative learning experience.

 

Market Players

 

Major vendors in the LMS Market include Cornerstone OnDemand (US), Blackboard (US), PowerSchool (US), Instructure (US), D2L (Canada), SAP (Germany), SumTotal (US), IBM (US), LTG (UK), Oracle (US), Infor (US), Adobe (US), and Docebo (US).

 

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.

 

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

 

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Mr. Aashish Mehra MarketsandMarkets INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441

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