Learning Management Systems (LMS) Market Analysis By Product
(administration,
Collaboration,
Performance,
Student And Content Management) By End-Use (Corporate And Education) And Forecasts, 2014 To 2020
The global LMS market is expected to grow over the forecast period owing to growing adoption of e-learning systems within the education sector. Advent of open source code for educational as well as corporate organizations has made learning process affordable, which is anticipated to drive the LMS market through the forecast period. Changing learning preferences have led to high demand for low-cost online training programs in order to diversify employee demographics. Mobile learning functionality with LMS access on smartphones is expected to spur market growth over the forecast period. However, integration support and customization feasibility is expected to be a major challenge for the LMS market.
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Technological advancements and incorporation of social learning by several service providers, via tools such as Facebook offer avenues for market growth. Introduction of Tin Can API technology is also expected to create a significant opportunity in the LMS market. This growth can be attributed to factors such as team-based e-learning, ability to track real-world performance, e-learning in native mobile applications and tracking learning plans. Increasing collaborations between organizations and North American learning management systems in North America has led to significant growth in the regional market, followed by Europe.
The Asia Pacific market is expected to witness significant growth over the forecast period. The market is primarily driven by robust e-learning demand in emerging markets such as China and India. Growing emphasis on continuous learning practices with changing economic conditions and business requirements has surged the adoption of this technology. Key market participants include IBM Corporation, Oracle, Mcgraw-Hill Education, Blackboard Inc., Netdimensions Ltd and Cornerstone Ondemand, Inc.
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