Global Learning Management System Market worth USD 26,402.65 Million by 2024

The report "Global Learning Management System Market - Trends Analysis, Company Usability Profiles & Forecasts to 2024", 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 byod trend and increasing mobile penetration and horizontal growth/cross sectional knowledge. Moreover, increased penetration of internet and digital learning and laws and regulations to address the issues of employee training and certification are also some of the factors that are driving the market growth. However lack of customization and in-home content authoring feasibility options for end-users, and integration complexity with end user systems may hinder the market growth. In the middle of difficulty lies opportunity such as the mobile learning and gamification, integration with social media, and cloud-based deployment of lms. The possible challenges for the market growth are customized courses and training programs, and limited after-sales support. 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 & logistics, 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, Instructure, Cornerstone OnDemand, Docebo, Edmodo, Google LLC, International Business Machines Corporation (IBM), LearnDash, Callidus Software, Inc., Moodle, SAP SE, Saba Software, Schoology, SkyPrep, Inc., and TalentLMS.

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