San Francisco, California, July 26, 2018 – The drive for learning management systems (LMS) stems from the rising need for a robust, platform to integrate the conventional elements of education system and its resources to a comprehensive and advanced system with the help of digital technologies. The rising demand for software applications for managing complex relational databases relating to learning materials has led to the evolution of the LMS market. The several modern benefits that e-learning offers to educators and students is underpinning the burgeoning popularity of LMS.
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A holistic insight into such trends and various elements of growth dynamics is offered in a report by TMR Research. The study is titled “Learning Management Systems (LMS) Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025”. The learning management systems market is anticipated to rise at an attractive pace, driven increasingly by the rising adoption of e-learning platforms in educational systems.
The rising adoption of LMS solutions among enterprises for corporate training is a potential factor accentuating the market. There is potential demand for LMS by consulting companies and regulated industries world over. In this regard, the substantially rising demand for LMS for compliance training in the biopharmaceutical and financial services industry is imparting a robust thrust to market expansion.
Constant advancement in networking and ICT technologies, coupled with the proliferating usage of mobile devices such as smartphones and tablets, is catalyzing the growth of the LMS market. The advent of intuitive e-learning solutions to meet the variety of end-user needs is fueling the overall market growth.
The rising popularity of cloud-based online platforms has led few education technology solutions providers to enter into strategic collaborations with LMS providers to leverage the potential. Several players are also entering into acquisition deals to gain a strong foothold in the market.
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Some of the prominent players operating in the global learning management systems market are Blackboard Inc., IBM Corporation, Upside Learning Solutions Pvt. Ltd., IST AB, Saba Software, Inc., Skillsoft Limited, SAP SE, Instructure, Inc., Oracle Corporation, ACS Technologies Group, Inc., and Cornerstone Ondemand, Inc.