Learning Management System Market Share Report, Global Statistics & Forecast 2028

Learning Management System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Deployment Mode (On-Premise and Cloud), Delivery Mode (Distance Learning, Instructor-Led Training, and Others), and End-User (K-12, Higher Education, and Corporate)

Publication Month : Feb 2022

  • Report Code : TIPTE100000707
  • Category : Technology, Media and Telecommunications
  • Status : Published
  • No. of Pages : 155
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[Research Report] The Learning Management System market is expected to grow from US$ 14,895.17 million in 2021 to US$ 50,995.16 million by 2028; it is estimated to grow at a CAGR of 19.2% during 2021 to 2028.

Analyst Perspective:

The learning management system market has experienced significant growth and evolution in recent years. Learning management system platforms have become integral to educational institutions, corporations, and online learning providers, enabling efficient management and delivery of educational content. The market has noticed a surge in demand due to the increasing adoption of e-learning and remote education models, accelerated by the COVID-19 pandemic.

 Learning management system platforms offer various features and functionalities, including course creation and management, content delivery, assessment and grading tools, collaboration tools, and analytics. This comprehensive suite of tools caters to the diverse needs of educational institutions and organizations, facilitating streamlined administration, engaging learning experiences, and personalized content delivery.

In terms of market dynamics, several factors have contributed to the growth of the LMS market. The advancement in online education and distance learning programs, driven by the need for flexible and accessible learning solutions, has fueled the demand for LMS platforms. Additionally, the corporate sector has recognized the value of LMS platforms in upskilling and training employees, leading to increased adoption in the business environment.

Furthermore, technological advancements have played a crucial role in shaping the LMS market. Integrating artificial intelligence and machine learning capabilities within LMS platforms has enabled adaptive learning, personalized recommendations, and intelligent analytics, enhancing the learning experience. Mobile compatibility and cloud-based solutions have also contributed to the accessibility and scalability of LMS platforms. The learning management system market is highly competitive, with numerous vendors offering various solutions. Established players and emerging startups are continuously innovating and enhancing their offerings to gain a competitive edge. The market is characterized by diverse pricing models, including subscription-based, freemium, and enterprise licensing, catering to different user segments and budget requirements. With ongoing technological advancements and the continued need for flexible and accessible learning solutions, the LMS market is hovered for further expansion in the coming years.

Market Overview:

Adaptability is crucial in a rapidly changing world; the learning management system offers students an integrated education with technology to be ready for this change. It's possible in both a virtual and an actual environment. Teachers can help students gain more from their courses by using appropriate learning methods, such as Internet virtual lessons, web servers, smartphones, etc. Modern-age learning methods permit a learner to interact with other learners worldwide. Virtual learning platforms allow learners to interact with each other, participate in online discussions to solve their problems, take massive open online courses from global universities, and sit right on the couch, among other things.

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Learning Management System Market: Strategic Insights

learning-management-system-lms-market
Market Size Value inUS$ 14,895.17 Million in 2021
Market Size Value byUS$ 50,995.16 Million by 2028
Growth rateCAGR of 19.2% from 2021 to 2028
Forecast Period2021-2028
Base Year2021
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Market Driver:

Increasing Adoption of Digital Learning to Support Smart Infrastructure Projects to Drive Growth of Learning Management System Market

The increasing adoption of cloud-based services presents several opportunities for growth in the cloud security market. The benefits provided by cloud-based services, such as scalability, flexibility, and cost-effectiveness, are driving the adoption of these services. However, the growing adoption of cloud-based services has also increased security threats, such as data breaches and cyber-attacks. This has created a need for better security solutions to protect against these threats. The cloud security market is expected to grow significantly in response to this need. The SaaS and IaaS segments are expected to affect the market's growth significantly. These solutions provide several benefits, such as scalability, flexibility, and cost-effectiveness, driving their adoption.

The market is also expected to grow due to the increasing need for compliance with various regulations and standards, such as the General Data Protection Regulation (GDPR) and the Payment Card Industry Data Security Standard (PCI DSS). Overall, the increasing adoption of cloud-based services presents several opportunities for growth in the cloud security market. The market is expected to grow significantly in the coming years, driven by the need for better security solutions to protect against the increasing security threats associated with the growing adoption of cloud-based services.

Segmental Analysis:

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Based on delivery model, the learning management system market is segmented into distance learning, instructor-led training, and others. The instructor-led training segment held the largest share of the market in 2020 and is anticipated to register the highest CAGR in the market during the forecast period. For several reasons, the instructor-led training segment has been the most popular method of delivering training in the learning management system (LMS) market. This traditional training method involves a trainer or instructor leading a group of learners through a training program. It is still widely used because it allows learners to interact with the trainer and others, making it a more engaging and interactive learning experience. Additionally, instructor-led training is often used for compliance training, which many organizations require to ensure their employees meet regulatory requirements.

Compliance training is typically delivered through instructor-led training because it is easier to ensure that learners meet the required standards when being trained in a group setting. Many organizations prefer this training method because it allows personalized attention and interaction with the trainer. However, the instructor-led training segment faces increasing competition from digital learning solutions, which offer several benefits over traditional training methods.

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Regional Analysis:

The North America learning management system market was valued at US$ 6,372.16 million in 2021 and is projected to reach US$ 20,530.65 million by 2028; it is expected to grow at a CAGR of 18.2% during the forecast period. The learning management system (LMS) industry has seen significant growth in recent years, and North America has played a significant role in this growth. The region's leading technology companies have invested heavily in technology and infrastructure, developing more advanced and cost-effective LMS solutions. The high level of competition in the North American market has also led to the development of more user-friendly LMS solutions that offer a range of features and functionalities, such as gamification and social learning. The North American market has attracted top talent in the e-learning industry, leading to a high level of expertise and innovation. The region's companies have been at the forefront of developing new technologies and platforms for e-learning, resulting in the development of more advanced LMS solutions that offer an expansive range of features and functionalities. For example, some LMS solutions offer gamification features that make learning more engaging and interactive. Other LMS solutions offer social learning features that allow learners to collaborate and interact, making the learning experience more social and interactive. The high level of competition in the North American market has also led to the development of more cost-effective and user-friendly LMS solutions. North American companies have been able to leverage economies of scale to offer more affordable LMS solutions to customers. Additionally, the high level of competition has led to the development of more user-friendly LMS solutions that are easy to use and need minimal training.

The North American market has attracted top talent in the e-learning field, leading to a high level of expertise and innovation in the industry. Many leading e-learning experts and thought leaders are based in North America. This has led to the developing of more innovative LMS solutions that offer new and unique features and functionalities. Overall, the dominance of North America in the LMS market has helped to grow the industry by driving innovation and competition. The high level of investment in technology and infrastructure, the development of more advanced and cost-effective LMS solutions, and the high level of expertise and innovation in the industry have all contributed to the growth of the LMS market.

Key Player Analysis:

The learning management system market analysis consists of the players such as Blackboard Inc., Cornerstone, D2L Corporation, Docebo, International Business Machines Corporation, itslearning AS, LTGplc, Hurix, SAP SE, and Zoho Corporation Pvt. Ltd. Among the players in the learning management system, SAP SE and Blackboard Inc. are the top two players owing to the diversified product portfolio offered.

Recent Developments:

 

Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the learning management system market. A few recent key market developments are listed below: 

  • In July 2022: GrowthZone, one of the industry leaders in association management software, expanded its integration partnership with Blue Sky eLearn. The partnership would enable GrowthZone customers to leverage Blue Sky eLearn's learning management system, Path LMS, to present their courses and consume GrowthZone product training in a more structured, learner-centered environment.
  • In May 2022: SumTotal Systems, a Skillsoft company and one of the global leaders in talent acquisition, onboarding, learning management, and talent management solutions, announced a strategic partnership with Udemy Business, the corporate training division of Udemy, one of the leading online learning and teaching platform. SumTotal is providing Learning Management Experience Platform (LMXP) and can offer Udemy Business content as a part of this collaboration. Customers may anticipate a more engaging learning experience and a quicker purchase procedure with the SumTotal/Udemy Business connection.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Deployment Mode, Delivery Mode, and End-User

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What are the reasons behind learning management system market growth?

Rise in adoption of e-learning across institutions and integration of technologies such as artificial intelligence are driving the growth of the learning management system market.

Which deployment mode segment is expected to dominate the market in terms of 2021 market share?

Based on deployment mode, learning management system market is segmented into on-premise and cloud. In 2021, the cloud segment led the market and accounted for the largest market share.

What are market opportunities for learning management system market?

The market opportunity lies in developing countries. Developing countries have become a hub of opportunity for various markets, including learning management system market. Further, the adoption of immersive learning with virtual reality, augmented reality, and gamification and implementation of BYOD in enterprises are presenting significant potential for the future growth of the learning management system market players.

Which end-user segment is expected to dominate the market in terms of 2021 market share?

Based on end-user, learning management system market is segmented into K-12, higher education, and corporate. In 2021, the higher education segment led the market and accounted for the largest market share.

Which region has dominated the learning management system market?

In 2021, North America led the market with a substantial revenue share, followed by Europe and Asia Pacific (APAC). North America is a prospective market for learning management system developers.

Which are the major five companies in the learning management system market?

The major five companies in learning management system includes Cornerstone, SAP SE, DOCEBO, D2L Corporation, and Blackboard Inc.

The List of Companies - Learning Management System Market

  1. Blackboard Inc.
  2. Cornerstone
  3. D2L Corporation
  4. Docebo
  5. International Business Machines Corporation
  6. itslearning AS
  7. LTGplc
  8. Hurix
  9. SAP SE  
  10. Zoho Corporation Pvt. Ltd.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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