A learning management system (LMS)
is a software platform which powers e-learning, that is, this software-based platform provides the necessary framework, infrastructure and tools which helps in providing online training. This web-based technology or software application allows the user to create, manage, distribute and track learning materials anywhere on any device. Each LMS platforms are unique in nature and thereby contain different features as suited to the needs of a variety of educators and trainers but below mentioned are some of the common characteristics which include:
- Registration Control
- Document Management
- Multiple device access
- Distributed instructor and student base
- Course calendars
- Student Engagement
- Assessment and testing, and
- Grading and Scoring
The Learning Management system market
is segmented on the basis of end user verticals, types of modules and various ecosystems. On the basis of end user verticals, the market has been divided into corporate sector, government sector and education sector. By Module types, the market has been fragmented into Collaborative Learning, Content Management, Talent Management, Performance Management, Student Management, Virtual Classrooms, Online Courses and others. The market has been classified into Equipment Providers, Hosting Service Providers, Colocation Services and others.
LMS facilities were earlier deployed across educational institutions to popularize e-learning and to provide courseware in schools. Over the last few decades, the e-learning tool applications have significantly increased in the corporate sector and are estimated to account for the highest revenue during the forecast period. The IT companies use these e-learning tools, various programming languages and internal products to train their workforce and keep them updated regarding the company practices and latest programs. Tracking and training is essential for the pharmaceutical companies to avoid government inspection and stay in business, and therefore the pharmaceutical as well as the Healthcare sector are constantly adopting LMS solutions. Cost-efficient training solutions across the enterprises have driven the growth of the Learning Management Systems (LMS) market in the corporate sector.
The Americas was the most dominant market in Learning Management Systems (LMS) market in 2015, followed by Europe and APAC regions, owing to the increased technological innovations in e-learning tools and services. The increased usage of smartphones and cloud-based services have further propelled the growth of LMS market across these regions. The learning technology providers are investing substantially in their R&D activities and are bringing about new opportunities in the market to address the technological shift that is taking place on a global level. The APAC market is estimated to forecast the highest growth in LMS market by the end of 2020, attributing to the increased government-funded projects in the rural areas related to literary development, coupled with the accelerating adoption of e-learning tools by the enterprises and the different business organizations.
Sample Companies Profiled in this Report are:
- Blackboard Inc,