LMS market over $50 billion by 2028
The market for Learning Management Systems will grow to $51.9 billion over the next four years, according to a new report.
The Learning Management System Market is expected to grow from USD 22.1 billion in 2023 to USD 51.9 billion by 2028 at a Compound Annual Growth Rate (CAGR) of 18.6% during the forecast period, according to a new report by MarketsandMarkets™. The increasing adoption of digital learning solutions across educational institutions, corporate sectors, and government organizations is fueling the demand for LMS platforms.
By Application, the instructor-led learning segment holds the largest market share.
By Region, Asia Pacific will grow at the highest CAGR.
The report states: 'the future of the Learning Management System (LMS) Market will focus on personalised, mobile-friendly, and immersive learning experiences, driven by trends such as adaptive learning, microlearning, gamification, and integration with workforce development. LMS platforms will use advanced analytics, social learning, and collaborative tools to support continuous learning, upskilling, compliance training, and talent development in organisations.'
Some of the companies listed in the report: Anthology (US), Moodle (Australia), Cornerstone OnDemand (US), D2L Corporation (Canada), Instructure Inc. (US), PowerSchool (US), IBM (US), Infor (US), Adobe (US), LTG (UK), Google (US), Oracle (US), SAP (Germany), Docebo (Canada), Learning Pool (UK), Absorb LMS (Canada), CrossKnowledge (France), BizLibrary(US), iSpring (US), Blue Sky eLearn (US), Trakstar (US), DigitalChalk (US), Touvti LMS (US), SkyPrep (Canada), Talent LMS (US), Acorn LMS (Australia), and LearnWorlds (UK).
The report is available to purchase from MarketsandMarkets: Learning Management System Market.