Learning Management System or LMS is also known as course management system (CMS), learning content management system (LCMS), virtual learning environment (VLE), and virtual learning system (VLS). It offers online platform by connecting students to their instructors and each other, via web-based sharing of research materials, library resources, and even textbooks via integrating learning activities with administrative systems with two key types of LMS users namely Learners and Administrators. Learning Management systems markeare also used, across multiple industries and for a variety of different corporate learning use cases. The Learning Management Systems is designed to manage the log-in of registered users, manage course catalogs, record data from learners, and provide reports to management. Some higher education institutions develop in-house systems or buy into open source alternatives. While, many institutions find it easy to start with a commercial LMS, but face challenges such as; linguistic, assessment tools, suitability to target groups and pricing. However, open source LMS may have an impact on the future of the LMS market with its cost effectiveness and advanced features.
Increasing adoption of gamification, an engagement technique of game-design elements and game principles in a non-game context as it captures the interest of the learners and inspirers them to continue learning is the key driver for the growth of the LMS market. In addition, micro learning, mobile learning and video learning are the key driving factors expected to fuel growth of the global learning management system market over the forecast period.
The global learning management system market report has been segmented on the basis of product type, end use, vertical and region. On the basis of region, the global learning management system market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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Currently, the North America market dominates the global learning management system market in terms of revenue due to well- established network facility. Also, the presence of a large number of universities offering online courses contributing to the high adoption of LMS. The rising investments in the corporate sector for employee development and technological advancement has also supported the growth learning management systems. The market in Asia Pacific is projected to have fastest growth, owing to increasing adoption for learning management system, high mobile phones and internet penetration are expected to boost growth of the global learning management system market.
key players in the global learning management market include, Blackboard, Inc., Cornerstone Ondemand, Inc., D2L Corporation, IBM Corporation, Mcgraw-Hill Education, Netdimensions Ltd., Pearson PLC, SABA Software, Inc., SAP SE and Xerox Corporation.