The report "Global Learning Management System Market - Premium Insight, Industry Trends, Company Usability Profiles, Market Sizing & Forecasts to 2024 (Q1 2018 Update)", published by 360iResearch, states that the global market was valued at USD 6,146.78 million in 2017 and is projected to reach USD 26,402.65 million by 2024, growing at a CAGR of 23.15% from 2017 to 2024.
The major forces driving the growth of the learning management system market include the learning culture within organizations of evolving and increasing importance of personalized learning. Moreover, need for customer support and training and need for mobile delivery of the content are also some of the factors that are driving the market growth. However lack of visual appeal, quality, and sharing capability to the content, and high degree of integration may hinder the market growth. In the middle of difficulty lies opportunity such as the monetization and productize training courses, next-generation learning management systems, and stakeholder and matrix analysis data. The possible challenges for the market growth are budget constraints and pricing differentiation, and complex implementation and roll out processes. But key players in the market are overcoming the challenges with continual improvement and innovation.
Based on industry, the global learning management system market is studied across Aerospace & Defense, Automotive & Transportation, Banking, Financial Services & Insurance, Building, Construction & Real Estate, Consumer Goods & Retail, Education, Energy & Utilities, Government & Public Sector, Healthcare & Life Sciences, Information Technology, Manufacturing, Media & Entertainment, Telecommunication, and Travel & Hospitality. Based on geography, the global learning management system market is studied across Americas, Europe, Middle East & Africa, and Asia-Pacific.
The report features a competitive scenario of the learning management system market and provides inclusive analysis of key growth strategies adopted by major players. Key company profiled in the study are Adobe, Callidus Software, Inc., Cornerstone OnDemand, Docebo, Edmodo, Google LLC, Instructure, International Business Machines Corporation, LearnDash, Moodle, SAP SE, Saba Software, Schoology, SkyPrep, Inc., and TalentLMS.
360iResearch LLP, headquartered in Pune, India, is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as Aerospace & Defense, Agriculture, Automotive & Transportation, Chemicals & Advanced Material, Food & Beverage, Healthcare & Life Sciences, Information Technology, and Packaging.
Miss. Shikha Sachan
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