The market for learning management systems is to see high growth of over 20% CAGR for the next six years, reaching USD $3.6 billion by 2027 from $1.2 billion in 2020, according to a new report out today from Valuates.
Both the education and workplace market segments are included in the market forecast.
The report points out that ‘the importance of learning management systems have grown in both the corporate and academic worlds as a result of the growing acceptability of digital learning; the World Economic Forum (WEF) says 1.2 billion kids in 186 countries were affected by school closures due to COVID-19, drastically altering the educational landscape, resulting in a surge in demand for online learning platforms. The learning management system market is rising in tandem with the need for online learning and e-learning platforms.’
Featured companies include: Cornerstone OnDemand, Docebo, Absorb, Adobe, Axonify Inc, D2L, eFront, ePath Learning, Expertus, G-Cube, IMC, Intellum, iSpring Learn LMS, LearnUpon, Litmos (SAP), NetDimensions, PeopleFluent, Saba, Skillsoft (SumTotal Systems), SkyPrep, TalentLMS, Totara Learning.
The report is available from Valuates Reports: Learning Management System Market Report, 2020-2027.