Learning Management System Market Growth Statistics, Trends Analysis, Revenue and Forecast to 2028

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Learning Management System Market Growth
Statistics, Trends Analysis, Revenue and Forecast
to 2028
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• Industry Insights

• The learning management system (LMS) platform has
  been observing massive growth in usage due to the
  global shift towards remote learning and training
  during the novel COVID-19 pandemic. Over recent
  years, more and more organizations have been
  deploying different types of learning management
  systems to develop a standardized learning
  environment, as well as sustain a knowledgeable
  workforce.
• One of the key factors driving the learning
  management system (LMS) market expansion is the
  mounting investment in the education sector to
  boost digital transformation. According to the
  Budget estimates for 2022-2023, the Indian
  government is set to spend around 13.6 billion
  in the coming fiscal to track students learning
  outcomes digitally. The government also proposed
  a one class-oneTV channel initiative under PM
  e-VIDYA to impart digital learning, taking the
  number of channels from 12 to 200.
• With the growing need for effective learning
  during the pandemic, there has also been an
  increased reliance on LMS platforms to establish
  a robust platform to support corporate internal
  and external training, as well as cater to the
  needs of remote learners.

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• The novel coronavirus pandemic has compelled the
  education sector to be receptive to the
  deployment of innovative technologies and to
  leverage tech-driven tools in the evolving
  digital environment. This factor has influenced
  varied certification courses and online classes
  providers to embrace cutting-edge tools to cater
  to students.
• For instance, in July 2021, Zell Education
  launched Nimbus, its learning management system,
  designed to enable learners to analyze and
  evaluate their progress. The content includes
  mind maps, and case studies, in addition to an
  interactive journey for students. With this
  learning management software, the company paved
  the way for the future of learning in
  digitally-driven environments.
• The rise of the IoT and mobile technologies has
  enabled schools to keep track of key resources
  and enhance access to information. Such
  technologies also have made e-learning more
  accessible in different formats. The global
  increase in IoT spending could therefore support
  the growth of video-based learning and
  subsequently fuel the learning management system
  (LMS) market growth, especially in the wake of
  the pandemic.
• In prominent regions like the UK, universities
  have responded to lockdown measures by streaming
  classes online and uploading courses with the use
  of tools like Panopto, according to the Wisconsin
  Economic Development Corporation.

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• Competitive Analysis

• Prominent players operating in the LMS market
  include 360Learning, Absorb LMS Software Inc.,
  Adobe LMS, Articulate Global, LLC, Blackboard
  Inc., Braincert, Bridge LMS, Canvas LMS,
  Coassemble, CoreAchieve, D2L, Docebo, Edmodo,
  eFront, Goskills Ltd., IBM Corporation, iSpring
  Solutions Inc., Learnupon, Mindflash, Moodle,
  Oracle Corporation, SAP Litmos, Schoology,
  Skillcast Group PLC, SkyPrep, Talent cards, and
  Talent LMS.

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