(PRWEB) November 14, 2013
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".
Early buyers will receive 10% customization on this report.
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).
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.
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.
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.
Browse related reports
Education Technology (Ed Tech) and Smart Classroom Market [Hardware (IWB, Projectors, Displays, Printers); Systems (LMS, LCMS, LCDS, SRS, DMS); Technologies (Gaming, Analytics, ERP, Dashboards)]: Worldwide Market Forecasts and Analysis (2013 - 2018)
Smart Education and Learning Market : by Application ( Pre-K12, Higher Education, Enterprise Education); by modes (Self-paced e-learning, Virtual Classrooms & Webinars, Mobile Learning , Collaboration-based Learning, Social Learning , Simulation-based Learning , Game-based Learning); by Products ( Hardware, Software, Services & Content) - Advanced Technologies, Digital Models, Adoption Trends and Worldwide Market Forecasts (2012 – 2017)
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/telecom-it
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets