Corporate Learning Management System (LMS) Market worth $21.1 billion by 2027 - Exclusive Report by MarketsandMarkets™

News provided by

Sep 29, 2022, 10:30 ET

CHICAGO, Sept. 29, 2022 /PRNewswire/ -- Corporate Learning Management System (LMS) Market size is expected to grow from an estimated value of USD 8.1 billion in 2022 to 21.1 billion USD by 2027, at a Compound Annual Growth Rate (CAGR) of 21.1% from 2022 to 2027, according to a new report by MarketsandMarkets™. Some factors driving the corporate LMS market growth include increased demand for eLearning solutions, growing adoption of cloud-based LMS solutions, increased need to enhance the employees' productivity and engagement thro=ugh advanced learning solutions.

Browse in-depth TOC on "Corporate Learning Management System (LMS) Market"

390 – Tables
46 – Figures
305 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=54961312

By deployment mode, the cloud segment to hold a larger market size during the forecast period

In cloud deployed corporate LMS, services are hosted over the internet connection, and users can log in to the service provider's site. Instead of installing the required management software, trainers can upload the course content on cloud and interact with the trainees via the internet. Instructional designers can store any information on the cloud, and this information can be accessed by the approved users from any location and remote devices. This deployment type is preferred for its features such as better and enhanced security, lower setup costs, easy accessibility, quicker deployment, high scalability, customizability, more storage space, ease of maintenance, automatic upgradation of course materials, and automatic licensing by the vendors. In this type of deployment, training can be delivered to the trainees, irrespective of their location and time, via the internet. Due to these advantages, most vendors are switching from the on-premises deployment type to the cloud deployment type.

By organization size, the SMEs segment to grow at the highest CAGR during the forecast period

SMEs are more aggressive when it comes to implementing strategies to support as well as expand their business. They prefer a corporate LMS that suits their learning needs, saves costs, and effectively replaces the existing manual processes. SMEs usually face cost constraints; hence, they prefer adopting a corporate LMS that fits their budget, is easy to use, and offers flexible payment options. They also check if the corporate LMS they are choosing is SCORM and Tin Can compliant and flexible enough to manage training and staff development and ensure compliance simultaneously. The training requirements for SMEs are diverse and critical, so high-quality training programs are important for their success. These organizations need to adjust to the latest trends and use technologically advanced solutions in their operations. The solutions in the corporate LMS market can be specifically designed for SMEs to cater to their precise needs. The SMEs segment has huge potential to flourish in the years to come.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=54961312

By region, Asia Pacific to grow at a significant CAGR during the forecast period

Asia Pacific is one of the fastest-developing regions globally, making the region highly profitable for the corporate LMS market. It is projected to be the fastest-growing market, owing to the rapid adoption of LMS solutions. Japan and China, being two of the most technologically advanced countries in the region, are the undisputed leaders in the corporate LMS market. Government initiatives to promote the digital infrastructure are responsible for driving the adoption of video conferencing solutions in the region. The Asia Pacific is projected to witness enhanced growth opportunities during the forecast period. Countries in the Asia Pacific are considerably contributing toward market growth, owing to the rapid adoption of various LMS solutions by enterprises in the region. Organizations in the Asia Pacific are focusing on implementing digital solutions and encouraging the use of advanced technologies to make the learning process more engaging for employees and help them retain the information longer. The Asia Pacific region has great growth opportunities for corporate LMS solution providers.

Key Players

Major vendors in the global Corporate Learning Management System Market include Cornerstone OnDemand (US), Blackboard (US), Instructure (US), SAP (Germany), Docebo (Canada), Adobe (US), D2L (Canada), Paylocity (US), Seismic (US), Paycor (US), Absorb Software (Canada), Zoho (India), LearnUpon (Ireland), iSpring Solutions (US), ProProfs (US), Paradiso Solutions (US), Brainier (US), CrossKnowledge (France), Epignosis (US), ExpertusONE (US), Trakstar (US), Axonify (Canada), Thinkific (Canada), Bigtincan (Australia), Neovation (Canada), Knowledge Anywhere (US), iTacit (Canada), Skyllful (US), Disprz (India), Rippling (US), Trainual (US), Tovuti (US), and eduMe (UK).

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=54961312

Browse Adjacent Market: Software and Services Market Research Reports & Consulting

Related Reports:

Learning Management System (LMS) Market by Component (Solutions and Services), Delivery Mode (Distance Learning, Instructor-led Training, and Blended Learning), Deployment, User Type (Academic and Corporate), and Region (2022 - 2026)

Frontline Workers Training Market by Component (Solutions and Services), Mode of Learning (Blended and Mobile Learning), Application (Content Management and Talent Management), Training Type, User Type and Region - Global Forecast to 2027

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/corporate-lms-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/corporate-lms.asp