The "Global Learning Management System Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

Global learning management system market to grow at a CAGR of 27.17% during the period 2018-2022.

The report covers the present scenario and the growth prospects of the global learning management system market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

One trend in the market is increasing popularity of cloud-based LMS. Due to the advent of advanced technologies, there has been a heavy emphasis on the increased adoption of cloud-based LMS. As a result, many traditional LMS providers are switching to cloud-based LMS. Cloud-based LMS eliminates the need for any servers on the organization's premise and is generally hosted on the LMS providers' servers. The purchase of cloud-based LMS is generally subscription-based, therefore resulting in a low initial cost.

One driver in the market is adoption of NGDLE in the academic sector. One of the primary drivers for the growth of the market is the implementation of cost-effective learning and development programs. As a result, both educational institutions and corporate organizations are increasingly opting for next-generation digital learning environment (NGDLE). NGDLE helps organizations develop effective learning programs resulting in high efficiency in executing tasks and better retention rates of employees. LMS is one of the components in NGDLEs, which not only provides a centralized leaning environment but also helps support the pedagogical model of teaching in schools, colleges, and corporates.

The global learning management systems market for the corporate sector is expected to witness a steady growth during the forecast period. The increased need for a centralized distribution system along with the requirement of a cost-effective solution to manage the company's operations and support various systems such as the enterprise resource planning (ERP), knowledge management system (KMS), and other support systems have fueled the market growth. Corporate LMS is used by companies to impart corporate training through a range of online training courses and to reduce the operating cost of training an employee. Using LMS, corporates can provide online courses to their employees and also monitor their progress remotely.

Key Vendors:

  • Blackboard
  • Cornerstone OnDemand
  • Docebo
  • Desire2learn
  • Oracle
  • SAP

Other Prominent Vendors:

  • Instructure
  • Pearson
  • Schoology
  • Skillsoft

For more information about this report visit https://www.researchandmarkets.com/research/bbhn9c/global_learning?w=4