Learning Management System Market

LMS Market size reached USD 18.2 billion in 2022 and is estimated to reach USD 68.9 billion in 2030 and the market is estimated to grow at a CAGR of 18.1% from 2023-2030.

Overview of the LMS Market Report

Learning management systems (LMS) are basically used in education and business sectors in the form of instructor-based or distance learning. Collaborations with messaging platforms and popular software are making LMS in the corporate sector more common. It simplifies things for both trainers and learners by making it easy to deliver, create, and consume course content. The LMS market covers various user type such as higher education, K-12, government, and business.

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Market Dynamic

Key Drivers and Emerging Trends

The major factors supplementing the growth of the global LMS market are the increase in the adoption of e-learning platform, growth in demand for bring your own device (BYOD), and rising adoption of internet of things (IoT). Moreover, organizations are opting for e-learning services across the globe for training and educating their employees due to the incurring expenses of the conventional teaching methods. Various companies are offering learning management solutions for several purposes. For instance, in 2020, Blackboard Inc released a new LMS feature to Blackboard Learn, a leading cloud learning management system. The new feature connects students directly to support services from their institution. Furthermore, there has been an increase in compatibility of learning management system with mobile devices and social learning, which have inclined the corporates towards adopting BYOD culture. These factors are likely to boost the growth of the global LMS market.

Impact of COVID-19 on the LMS Market

The widespread outbreak of the coronavirus has positively impacted the growing demand of the market as the pandemic has shut down all the colleges and schools worldwide. The crisis has changed the education ecosystem, which has escalated the demand for online learning platforms. Stringent lockdown regulations have mandated the trainers and faculty to adopt proactive online learning and teaching solutions. These factors have bolstered the growth of the global LMS market.

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Delivery Mode – Segment Analysis

Based on the delivery mode, the instructor led training segment is anticipated to grow at a faster CAGR over the forecast period. This is mainly due to the factor that LMS provides option to personalize the content as consumers prefer a learning style to keep trainees as priority. In instructor led learning process, one instructor takes a lead role by giving instructions to other learners. Moreover, various organizations follow the instructor led training process to train their employees where experienced employees usually take the role of the instructor and less experienced employees take the role of a learner. These features are likely to boost the growth of the instructor led learning segment in the global LMS market.

Deployment Model – Segment Analysis

On the basis of the deployment model, the cloud-based segment is projected to grow at a higher CAGR during the forecast period. Cloud infrastructure provides better flexibility to trainers as well as learners with cost-effective service infrastructure. Furthermore, the SaaS model provided by cloud-based deployment model offers simple service-based architecture. Moreover, the simplicity in connecting several applications and services is another factor, which plays a crucial role in supplementing the growth of the cloud-based segment in the global LMS market.

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Region – Segment Analysis

Based on the region, the North America region is expected to grow at a higher CAGR over the forecast period. It has been witnessed that there is an increased usage of eLearning tools and technological enhancements in learning methodologies as North America is a mature market when it comes to technology. In addition, effective integration with organizations and universities between institutions and network arenas has helped educators in this region to be more receptive towards changes in technologies. These factors are contributing to the growth of the LMS market in North America. 

Top Market Players

Various notable players operating in the market include Blackboard Inc., D2L Corporation, Cornerstone, McGraw Hill, Pearson, Saba Software, Xerox Corporation, CrossKnowledge, PowerSchool, Docebo, among others.

Key Developments:

• • In 2020, Cornerstone announced its acquisition of Saba, which is a global provider of talent experience solutions. This acquisition is aimed to allow Cornerstone to boost the innovation and surge the ability of the company to help a larger and diverse group of clients.
  • In 2020, Blackboard Inc. announced the launch of its new remote learning solution, named as Blackboard Unite for K-12. This new solution is a complete suite of resources and tools to provide K-12 districts with best practices and tools required to transform to a virtual learning model. 

Segments Covered in the Report:

The global LMS market has been segmented on the basis of user type, deployment model, delivery mode, application and regions. Based on user type, the market is segmented into higher education, K-12, government, and business. Based on deployment model, the market is segmented into cloud-based and on-premises. Based on delivery mode, the market is segmented into distance learning and instructor-led learning. Based on application, the market is segmented into administration, content management, performance management, and others. 

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Key questions answered in this research report:

• • At what pace is global LMS market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in LMS market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global LMS market?
  • Which user type generated maximum revenues in 2019 and identify the most promising user type during the forecast period?
  • What are the various application areas of global LMS market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global LMS Market by User Type

• • Higher Education
  • K-12
  • Government
  • Business

Global LMS Market by Deployment Model

• • Cloud-Based
  • On-Premises

Global LMS Market by Delivery Mode

• • Distance Learning
  • Instructor-Led Training

Global LMS Market by Application

• • Administration
  • Content Management
  • Performance Management
  • Others

Global LMS Market by Region

• • North America LMS Market (Option 1: As a part of the free 25% customization)

    • By User Type
    • By Deployment Model
    • By Delivery Mode
    • By Application
    • US Market All-Up
    • Canada Market All-Up

  • Europe LMS Market (Option 2: As a part of the free 25% customization)

    • By User Type
    • By Deployment Model
    • By Delivery Mode
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific LMS Market (Option 3: As a part of the free 25% customization)

    • By User Type
    • By Deployment Model
    • By Delivery Mode
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW LMS Market (Option 4: As a part of the free 25% customization)

    • By User Type
    • By Deployment Model
    • By Delivery Mode
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the LMS (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Blackboard Inc.
  • D2L Corporation
  • Cornerstone
  • McGraw Hill
  • Pearson
  • Saba Software
  • Xerox Corporation
  • CrossKnowledge
  • PowerSchool
  • Docebo