(PRWEB) August 02, 2014
The report "Learning Management Systems (LMS) Market [Products (Content Management, Student Management, Performance Management, Collaboration, Administration), by Users (K-12, Higher Education, Corporate)] - Worldwide Market Forecasts and Analysis 2013 - 2018", defines and segments the LMS market into various sub-segments with an in-depth analysis and forecasting of revenues. The report also identifies the factors driving this market, various restraints and opportunities impacting it along with the technology roadmap and adoption trends.
Browse 113 market data tables and 56 figures spread through 195 pages and in-depth TOC on “Learning Management Systems (LMS) Market".
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MarketsandMarkets forecasts the LMS market to grow from $2.55 billion in 2013 to $7.83 billion in 2018, at a CAGR of 25.2% during the forecast period. In terms of regions, North America is expected to be the biggest market in terms of revenue contribution, while Asia-Pacific (APAC) and Latin America (LA) are expected to experience increased market traction, during the forecast period.
MarketsandMarkets broadly segments the LMS market for academic users as K-12 and higher education and for corporate users, by type of end users: Small and Medium Businesses (SMBs) and enterprises; by type of verticals: Banking, Financial Services and Insurance (BFSI), consulting services, government, healthcare, manufacturing, retail, telecommunication, Information Technology (IT) and media, and other sectors. The LMS market is also segmented by type of products: content management, student management, performance management, collaboration, and administration; by type of deployment models: on-premise and Software as a Service (SaaS); and by regions: North America (NA), Europe (EU), Asia-Pacific (APAC), Middle East and Africa (MEA) and Latin America (LA).
MarketsandMarkets believes that the need to manage and elevate e-learning process, along with the cost-efficient and effective learning and development programs is manifesting the growth in the Learning Management Systems market. Though the adoption of these solutions was initially gradual, due to concerns of integration support and compliance standards, these solutions are witnessing wide acceptance across various verticals. The convenience of flexible learning and choices for curriculum creation and delivery that LMS provide is expected to bring more demand for the learning management solutions. To serve a grouped audience, the LMS providers are addressing the integration challenges by designing solutions that adhere to the compliance standards. The amalgamation of LMS within the existing learning framework will enable continuous learning and content reusability.
Major forces driving this market are the increasing adoption of e-learning, businesses emphasizing on continuous learning practices, accountability mandates, and the market trend of employing cloud technology to streamline the learning process. LMS solutions create economies of scale and make learning and development less costly for organizations. As businesses realize the impact of efficient and flexible learning processes on individual development and organizational success, the demand for learning management solutions is increasing. While organizations look forward to integrate LMS into their learning and development framework, the LMS providers are designing systems with robust capabilities to extend support for social and mobile learning. The LMS providers are consolidating their grounds in the highly competitive market through mergers and acquisitions to build feature-rich solutions and attain better market visibility.
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