Summary
The global Corporate Learning Management System (LMS) Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Overview
Corporate Learning management system (LMS) help companies to track, organize, and manage efforts to train employees and customers. The global corporate learning management system (LMS) market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global corporate learning management system (LMS) market is expected to witness significant growth during the forecast period, owing to growing emphasis on continuous learning.
Market Drivers
Increasing trend of BOYD and enterprise mobility is expected to drive growth of the global corporate learning management system (LMS) market during the forecast period. Many companies have started adopting the new trend of ‘bring your own device’ (BOYD) due to its numerous benefits. BOYD offers greater flexibility and enhances workforce mobility. It has found that BOYD increases efficiency and productivity as well as raises employee satisfaction. It also allows greater choice in device type reduces hardware and software expenditures for organizations. Such advantages have increased the adoption of BOYD policies in various organizations. Since many enterprises have started adopting BOYD policy, it has enabled easier incorporation of corporate LMS. Thus, these factors are expected to drive growth of the global corporate learning management system (LMS) market during the forecast period. Furthermore, increasing emphasis on continuous learning is expected to propel the global corporate learning management system (LMS) market growth over the forecast period.
Market Restraint
Low motivation and engagement by organizations are expected to hamper the global corporate learning management system (LMS) market growth over the forecast period.
Regional Insights
Among regions, North America is expected to witness significant growth in the global corporate learning management system (LMS) market during the forecast period. This is owing to rising EdTech activities in the U.S. Furthermore, Latin America is expected to register a robust growth rate over the forecast period, owing to growing adoption of smartphone and broadband internet connectivity across the region.
Competitive Section
Key companies operating in the global corporate learning management system (LMS) market are Absorb Software, Latitude CG, Adobe Systems, Geenio, IBM, Oracle, SAP, and Saba Software.
For instance, in August 2020, Absorb Software, a provider learning management system, acquired Koantic, a cloud-based course authoring tool.
The Corporate Learning Management System (LMS) Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Corporate Learning Management System (LMS) Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Absorb Software (Canada)
- Adobe Systems (US)
- Blackboard (US)
- Cornerstone OnDemand (US)
- CrossKnowledge (US)
- CYPHER LEARNING (US)
- D2L (Canada)
- Docebo (Canada)
- Epignosis (US)
- Expertus (US)
- Geenio (Cyprus)
- Growth Engineering (UK)
- IBM (Kenexa; US)
- Instructure (Bridge; US)
- iSpring (US)
- Latitude CG (US)
- LearnUpon (Ireland)
- Mindflash (US)
- Oracle (US)
- Saba Software (US)
- SAP (Germany)
- Schoology (US)
- SumTotal Systems (US)
- Tata Interactive Systems (India)
- Upside Learning (UpsideLMS; India)
- G-Cube (India)
By the Product Type, the market is primarily segmented into:
- Distance Learning
- Instructor-Led Training
- Others
By Applications, the market is segmented into:
- Software and Technology
- Healthcare
- Retail
- BFSI
- Manufacturing
- Government and Defense
- Telecom
- Others
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Corporate Learning Management System (LMS) Market Report:
- To assess the size of the market by value and volume
- Analyze the Corporate Learning Management System (LMS) Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Corporate Learning Management System (LMS) Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Corporate Learning Management System (LMS) Market
The Corporate Learning Management System (LMS) Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Corporate Learning Management System (LMS) Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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