Increasing Adoption of eLearning Platforms is Transforming the Corporate Training and Development Approach
" The global corporate learning management system market is expected to witness a CAGR of around 25% during the forecast period to cross $7 billion revenue "
Bangalore, India, September 5, 2019: With its recently published study “Global Corporate Learning Management System Market – Drivers, Restraints, Opportunities, Trends, and Forecast up to 2025”, Infoholic Research forecasts that the global market for Corporate Learning Management System will continue to grow owing to the increasing trend of mobile learning, BYOD, and advancements in education technology.
LMS is one of the most impactful types of business tool and is revolutionizing the way people learn as an employee or as a student. To meet the learning aspirations of an employee by offering personalized and high-quality learning opportunities, organizations are investing in the corporate learning management system. The learning management system has a built-in feature of reporting and analysis which helps organizations in tracking employee performances and assessment results. With the increasing gap between the rate of technological advancements and employee upskilling, organizations are facing challenges to thrive and remain competitive.
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Advancements in technologies in the educational process and growing demand for cloud-based learning management system are the major factors steering the growth of the corporate learning management system market. This trend is expected to continue during the forecast period 2019–2025, fueling the market growth at a CAGR of around 25%.
North America is maintaining the dominant position in the corporate learning management system market followed by Europe and APAC. With the growing popularity of learning management systems in this region, North America is estimated to hold the largest market share. The presence of key players including Adobe, IBM, and Oracle in this region is also driving the market growth in the North American region.
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In terms of segmentation analysis, the solutions segment contributes significantly towards the revenue of the corporate learning management system market. In terms of delivery mode, the distance learning segment is estimated to hold the largest market share in corporate learning management system market. Currently, large enterprises have highly adopted the corporate learning management system, but SME’s are expected to increase at the highest CAGR during the forecast period 2019–2025. IT & Telecom vertical segment hold the majority of market share in the corporate learning management system market in 2019.
“The rising skills crisis is compelling enterprises to implement the corporate learning management system for making their workforce more interactive, responsive and agile,” analyzed Sonam Chawla, Research Analyst, Infoholic Research
Key segments of the Report Include:
- Delivery Mode
- Distance Learning
- Instructor-based Learning
- Blended Learning
- Organization Size
- Large Enterprises
- IT & Telecom
- Retail & CPG
- North America
- Rest of Europe
- Rest of APAC
- North America
• Industry outlook: Market trends, drivers, restraints, and opportunities