Learning Management Systems (LMS) Market

Global Learning Management Systems (LMS) Market Size (2024 to 2032)

The global LMS market was valued at USD 20.18 billion in 2023. The global market is predicted to reach USD 23.41 billion in 2024 to reach USD 76.75 billion in 2032 at an annual expansion rate (CAGR) of 16.0% over the conjecture period.

Learning management systems (LMS) are typically used in the business and education sectors, whether for distance learning or instructor-led instruction. Partnerships with popular software and messaging platforms are making LMS increasingly facilitate the creation, delivery, and consumption of course content in the business environment.

MARKET TRENDS

According to the 2019 report on trends in online education, 69% of online students identified employment as their main objective to enter a program. Universities also offer a distance learning program to respond to all demographics, regardless of location. As students with more diverse characteristics enter online programs, schools must provide services that meet a greater variety of student needs. Students prefer distance education because they can define their study time, and it costs less. The flexibility of learning is the main factor that leads students and companies to opt for distance education, which considerably stimulates the growth of the LMS market.

MARKET DRIVERS

Companies' adoption of BYOD policies stimulates the overall growth of the LMS market. Globally, organizations are opting for online learning services to educate and train their employees because of the costs of traditional teaching methods. The increased compatibility of the learning management system with mobile devices and social learning has forced companies to adopt the BYOD culture. LMS helps improve performance management, content management, and student management. The growth of new digital learning tools should stimulate the worldwide LMS market in the future.

MARKET RESTRAINTS 

Although online learning software is easy to use, some students find it difficult, especially employees who do not regularly use computers in the workplace. Other potential technical issues include slow internet connection, specific browser requirements, and poor device compatibility. Therefore, low motivation and low commitment to adopt LMS solutions can delay market growth.

Impact of COVID-19 on the Global LMS Market

The COVID-19 pandemic has affected customer behavior and had a substantial impact on global economies and societies. Offices, educational establishments, and manufacturing facilities are being closed for an indefinite period, and major sports and postponed events. Indeed, with policies of social distancing and working from home, companies are increasingly looking for technologies that help them get through these difficult times. Education industry professionals were invited to bring their expertise to help leaders make business decisions on how to respond to the new business challenges brought on by the COVID-19 epidemic. Businesses in the learning management system also face challenges related to lower spending on non-essential items by businesses. For example, only level 1 educational institutions were considered to be adopting new LMS solutions during the COVID-19 period, and smaller institutions are more focused on collaborative teaching tools.

REPORT COVERAGE

REGIONAL ANALYSIS

Of these, North America is expected to dominate the market due to increased collaboration between organizations and providers of learning management systems in the area during the outlook period. The presence of leading providers like Oracle, Mcgraw-Hill Education, IBM Corporation, and others is the main aspect that promotes the expansion of this market in North America.

KEY PLAYERS IN THE GLOBAL LEARNING MANAGEMENT SYSTEMS (LMS) MARKET

Some of the prominent players featured in the global LMS market report are Blackboard Inc., CrossKnowledge, JZero Solutions Ltd, Litmos Limited, Mcgraw-Hill Education, IBM Corporation, Oracle Corporation, Paradiso Solutions, Saba Software, Inc., SAP SE, SumTotal Systems, LLC, and TalentLMS. The report analyzes the key strategies adopted by these companies, as well as provides a detailed analysis of current trends, future opportunities, and limitations with detailed information on their impacts.

RECENT HAPPENINGS IN THE GLOBAL LEARNING MANAGEMENT SYSTEMS (LMS) MARKET

• In April 2020, Blackboard launched a new distance learning solution called Blackboard Unite for K-12. This comprehensive set of tools and resources will provide Kindergarten to Grade 12 districts with the tools and best practices necessary to transform themselves into virtual learning models.
• In March 2020, Blackboard launched the self-service portal Blackboard Collaborate. The portal allows higher education institutions, school districts, and organizations to implement the virtual classroom solution easily. The main objective of this launch is to help academic organizations maintain academic continuity due to COVID-19 and recent campus closings.
• In March 2020, D2L partnered with Bayfield Design, an online content development and creative services company in COVID-19. As part of this partnership, organizations will offer a free COVID-19 online course. This course will help students and educators understand the global pandemic, its risks, and how to manage it effectively.
• In February 2019, McGraw-Hill introduced its SmartBook 2.0, which is an upgrade to its existing Connect learning platform that helps students achieve higher grades.

DETAILED SEGMENTATION OF THE GLOBAL LEARNING MANAGEMENT SYSTEMS (LMS) MARKET INCLUDED IN THIS REPORT

This research report on the global learning management systems (LMS) market has been segmented and sub-segmented based on the component, delivery mode, deployment type, end-user, and region. 

By Component

• Solutiont
• Services

By Delivery Mode

• Distance Learning
• Instructor-Led Training
• Blended Learning

By Deployment Type

• SaaS
• Local

By End-User

• Academic
• Corporate

By Region

• North America
• Asia Pacific
• Middle East and Africa
• Latin America
• Europe