April 18, 2024

Propelled by Growing Adoption of Online Education, Learning Management System Market to Show Significant Growth

Learning management system (LMS) is a software application that provides a system for delivering, tracking, and managing training and education to users or learners. Some key features of LMS include content authoring, administration, documentation, tracking of training progress, and reporting. LMS is increasingly being adopted by educational institutions and corporate organizations to facilitate online education and training.

The global Learning Management System market  is estimated to be valued at US$ 15.88 Bn in 2023 and is expected to exhibit a CAGR of 18 % over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
Growing Adoption of Online Education: The adoption of online education has grown manifold over the past few years driven by the onset of the COVID-19 pandemic. Various educational institutions were forced to shift to virtual classrooms and adopt digital learning tools like LMS to ensure continuity of education. This has propelled the demand for LMS as it provides a comprehensive platform for delivering online courses, tracking student/employee performance, facilitating interactions, administering tests/exams, and more. Various higher education institutions and corporate have continued investing in LMS to strengthen their online education offerings even as lockdowns have eased, thus fueling market growth over the forecast period.

SWOT Analysis
Strength: Learning management systems allow for centralized, easy access to online resources, enabling students and faculty to access course materials anywhere at any time.
Weakness: Initial adoption of new LMS platforms can be difficult and require intensive training for all users. Traditional classroom techniques may be difficult to replicate in an online format.
Opportunity: The rapid growth of online and blended learning is creating significant demand for LMS solutions to power virtual classrooms and manage online courses. Transition to hybrid learning models during the pandemic has accelerated this trend.
Threats: Free or low-cost LMS alternatives could reduce market share for premium paid solutions. Faculty may resist transitioning curriculum if an LMS is too complex or does not support their pedagogical needs.

Key players operating in the learning management system market are Cornerstone Ondemand Inc., Xerox Corporation, IBM Corporation, Netdimensions Ltd., SAP SE, Blackboard, Inc., SABA Software, Inc., Mcgraw-Hill Companies, Pearson PLC, and D2L Corporation. Major players are focused on developing advanced LMS solutions integrated with AI, analytics and mobile-first technologies to capitalize on the increasing demand. The LMS market is expected to witness increased consolidation activity as large players look to expand their course catalogue and cloud-based offerings through mergers and acquisitions.

Key Takeaways

The global Learning Management System market is expected to witness high growth over the forecast period of 2023 to 2030. The market size for 2023 is estimated to be US$ 15.88 billion and is expected to grow at a CAGR of 18%.

Regional analysis comprises North America is expected to dominate the LMS market during the forecast period. This can be attributed to presence of major market players such as Cornerstone OnDemand, Blackboard, and D2L in the region. Asia Pacific is expected to witness fastest growth owing to rapid adoption of digital education in countries such as India and China.

*Note:

  1. Source: Coherent Market Insights, Public sources, Desk research
  2. We have leveraged AI tools to mine information and compile it