DUBLIN–(BUSINESS WIRE)–The “Global Learning Management Systems Market, By User Type, By Deployment Model, By Industry Vertical & By Region- Forecast and Analysis 2022-2028” report has been added to ResearchAndMarkets.com’s offering.
The Global Learning Management Systems Market Size was valued at USD 15.42 Billion in 2021, and it is expected to reach a value of USD 38.35 Billion by 2028, at a CAGR of 13.90% over the forecast period (2022 – 2028).
LMSs are primarily used for online learning, but they can also be used for other purposes, such as providing a platform for online content such as asynchronous and synchronous courses. Furthermore, LMS software, also known as a computer-based training software, helps educational institutions and businesses manage their online learning programs more effectively, which can be a very effective way to improve employee engagement and retention while also improving skill levels.
Segments covered in this report
The Global Learning Management Systems Market is segmented based on user type, deployment type, industry verticals, and region. Based on User Type it is categorized into Academic and Enterprises, Based on Deployment Model it is categorized into On-Premise and Cloud, and Based on Industry Vertical it is categorized into Government & Education, Retail, Healthcare, IT & Telecom, Manufacturing, Hospitality, and Others. Based on the region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Driver
The rise of 5G technology has brought about significant changes in the world of cloud computing. The low latency connectivity of 5G allows for more seamless communications and faster data transfers. Cities will be safer as 5G speeds up access to video analytics and artificial intelligence. This allows city managers, building owners, and facility managers to make better decisions and deliver better public services.
Over the forecast period, these factors will create a lucrative growth opportunity for the global learning management market. As the adoption of LMS solutions grows, LMS vendors are constantly attempting to implement new technologies in order to improve their offerings. LMS solutions help educators adapt to decreasing attention spans by using more visuals and less text, more engaging themes and expressions, an emphasis on virtual immersive learning, and, eventually, gamification to captivate e-Learners.
Market Trends
The education system around the world has changed as a result of technological advancements and learning modules available on electronic platforms on the internet. The Internet and smart devices have an integrated learning management system for a better user interface with the learning environment. Because of the low-cost cloud deployment model, a wide range of user types, including academics and businesses, are rapidly adopting LMS, driving growth in the coming years.
Key Topics Covered:
Executive Summary
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
KEY COMPANY PROFILES
Companies Mentioned
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ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900