Originally published on Technavio: Forecast and Analysis of the US Academic and Corporate Learning Management System (LMS) Market Growth by Application and End-user (2023-2027)
Introduction:
The US academic and corporate learning management system (LMS) market is poised for substantial growth, with an estimated CAGR of 20.67% between 2022 and 2027, resulting in a projected USD 11.78 billion expansion. This growth is fueled by factors such as the increasing emphasis on digitizing education and the growing demand for technology and computational skills. The report provides a comprehensive analysis of market drivers, trends, and challenges, along with historic market data from 2017 to 2021.
Market Dynamics:
The digitization of education and the need for quality learning drive the growth of the US academic and corporate LMS market. The rising demand for technology and computational skills, coupled with the advent of digital transformation, has propelled the adoption of e-learning and blended learning methodologies. The rapid internet adoption in emerging markets further boosts the demand for online training in the corporate sector.
Market Trends:
A significant trend in the market is the emergence of mobile phone learning, supported by the increasing adoption of Bring Your Own Device (BYOD) policies. Learners access content through their mobile devices, necessitating the integration of LMS with BYOD policies. Additionally, vendors are focusing on reaching wider audiences by designing content and courses specifically for mobile devices, indicating a strong demand for blended learning and new learning formats such as social learning and gamification.
Market Challenges:
The market faces challenges such as uncertainty in selecting an LMS due to its highly fragmented nature. Many local and international players contribute to the fragmentation, leading to considerable uncertainty among customers. Effective assessment of learning needs is crucial before deploying an LMS, yet many organizations fail to conduct comprehensive assessments, hindering the selection process and impacting strategic learning goals.
Vendor Landscape:
Leading companies in the US academic and corporate LMS market employ various strategies, including strategic alliances, partnerships, mergers, and acquisitions, to enhance their market presence. Key players include 360Learning SA, Adrenalin eSystems Ltd., Blackboard Inc., and others. The report offers detailed analyses of the competitive landscape and information on major market vendors.
Segment Analysis:
The market research report forecasts market growth by revenue and provides an analysis of market trends and opportunities from 2017 to 2027. Segments include application outlook
To Learn deeper into this report , View Sample PDF
With a comprehensive analysis of market dynamics, trends, and challenges, the report serves as a valuable resource for stakeholders in the US academic and corporate LMS market. By examining market segments and vendor landscapes, it provides insights to guide strategic decision-making and foster market growth.
For more information please contact.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
