Global Learning Management Systems Market (2021-2027) – Rising Demand for Gamification in LMS to Provide Opportunities for LMS Vendors – ResearchAndMarkets.com
DUBLIN – (COMMERCIAL THREAD) – The report “Global Learning Management Systems Market (2021-2027) by Component, Function, Mode of Delivery, Deployment, User Type and Geography, IGR Competitive Analysis, Impact of Covid-19, Analysis Ansoff ”has been added to ResearchAndMarkets.com offer.
The global learning management systems market is estimated to be worth USD 13 billion in 2021 and is projected to reach USD 31.02 billion by 2027, growing at a CAGR of 15.6%.
The COVID-19 pandemic has resulted in the closure of schools, colleges and universities across the world. Therefore, the situation is rapidly transforming the education ecosystem. This has increased the demand for LMS software solutions and other online teaching techniques among educational institutions and students. The main features of LMS include artificial intelligence, automated administration tasks, platform consolidation, personalized learning paths, instinctive user interface, course management, certifications and retraining, management of courses and catalogs, etc.
Key market growth drivers are increasing adoption of e-learning platforms, Bring-Your-Own-Devices (BYOD), increasing inclination towards cloud deployment model, increasing use of AI (Artificial Intelligence) and ML (Machine Learning) in LMS. The market is expected to experience development in the coming years due to increased spending on IoT technology by several governments.
However, low motivation and commitment to adopt LMS solutions can hold back the growth of the market. LMS companies face challenges in reducing organizations’ spending on non-essential items.
Growing adoption of digital learning
Growing inclination towards BYOD policy and enterprise mobility
Extensive government initiatives for the growth of LMSs
Growing use of AI and ML in LMS
Growing importance of e-learning in corporate and academic settings
Low motivation and commitment to adopt LMS solutions
Increased demand for gamification in LMS to provide opportunities for LMS vendors
Increased adoption of the cloud by organizations and institutes to motivate learners to adopt web-based LMS solutions
Rapid application for collaborative learning in LMS to provide opportunities for interns.
Lack of technical support after LMS implementation
Lack of qualified trainers and instructors
Global Learning Management Systems Market, By Component
Global Learning Management Systems Market, By Function
Global Learning Management Systems Market, By Delivery Method
Instructor conducted the training
Global Learning Management Systems Market, By Deployment
On the site
Global Learning Management Systems Market, By User Type
Software and technology
Banking, financial services and insurance
Government and Defense
Global Learning Management Systems Market, By Geography
Rest of the world
Callidus Software Inc.
Epignosis LLC (Talentlms)
John Wiley & Sons, Inc.
Jzero Solutions Ltd
Saba Software, Inc.
Sumtotal Systems, LLC
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