San Francisco, California, May 10, 2017: Over the past few years, learning management systems have emerged as a powerful instrument to train employees and educate customers about products and services. A report by TMR Research, titled “Learning Management Systems (LMS) Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017–2025,” encompasses all the vital aspects of the market. It presents a detailed analysis of the market between 2017 and 2025.
Universities and e-learning courses are primary targets of learning manufacturing systems manufacturers and therefore, the increasing number of universities and e-learning platforms is playing a pivotal role in the growth of the market. The proliferation of mobile devices such as tablets, smartphones, and laptops is augmenting the adoption of learning management systems. Rapid advancements in networking technologies and the rising penetration of high-speed data communication networks across remote areas are also working in favor of the market.
On the flip side, the integration and compliance issues associated with existing learning management systems are inhibiting the growth of the market. Moreover, these systems offer limited personalization, customization, and in-home content authoring feasibility options to end users, which limits their widespread adoption. However, the emergence of wearable e-learning technologies and gadgets is making the global learning management systems market highly opportunistic.
Geographically, North America will be a prominent market for learning management systems throughout the forecast horizon, with the U.S. being a major revenue contributor. The presence of an established e-learning industry and superior networking infrastructure in the U.S. is supplementing the growth of the region. The region is also a home to some of the leading learning management system manufacturers, which provides it an edge over other regions.
Asia Pacific is expected to post a significant CAGR during the same period. The growth of the region can be attributed to the ongoing developments in network infrastructure in emerging economies such as India, China, and the Philippines. The growing emphasis on introducing digital corporate training and product data distribution models is also contributing to the growth of the region.
The global learning management systems market exhibits a high degree of competition. Players in the market are resorting to strategic collaborations and acquisitions as their primary strategies to consolidate their position in this highly fragmented arena. Some of the prominent participants in the global market are ACS Technologies Group Inc., Cornerstone Ondemand Inc., Instructure Inc., Oracle Corporation, SAP SE, McGraw-Hill Education, Saba Software Inc., Skillsoft Limited, Upside Learning Solutions Pvt. Ltd., IST AB, IBM Corporation, and Blackboard Inc