Learning Management Systems (LMS) are software applications designed to facilitate sed to perform multiple tasks like documentation, tracking, reporting, and administration of online learning of educational courses or corporate training material. The dynamic nature of the corporate industrial market has been driving the utilization of Learning management systems in recent years to help employees have better knowledge regarding the products, manufacturing process as well as rules and regulations. The Learning management system market is exhibiting high growth as the need and demand for learning rises.
This report categorizes the market into four different segments, namely, market by type of product, application, integration type and end use industry. Learning Management Systems are classified based on their type as Course and Content Management, Performance Management, Talent Management, Learner Management, Administration / HR and Communication. The market has been classified based on the integration type into locally integrated and software as a service tools. The market has also been segmented based on their end use industry as academic and corporate segments which have been further classified into subgroups. The market has been classified based on application into Employee/ Student Trakcing, Compliance Training, Channel Training and Customer Training.
The Australian learning management system market is projected to grow from revenue amounting to more than $XX in 2014 with a CAGR of XX% through 2020.
The growing awareness regarding learning management systems in corporate applications is projected to spur the market as customer demand rises. The market will also be driven by growing launches of cloud based learning management systems and improved functionality of the products as technological developments enhance the capabilities. The growing demand for digital learning from customers will result in significant propulsion of the market as demand for learning management systems rises. The utilization of software as a service providers for the learning management systems integration has been on the rise and the demand is projected to continue to grow for this segment.
Competitive landscape for each of the product types is highlighted and market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. Market shares of the key players for 2015 are provided. The key players in the Australian learning management system market are: Blackboard, Moodle, Desire2Learn, Canvas, Intel and McGraw-Hill. These companies have focused on agreements with end user industries as well as launch of new products in order to supplement revenue and gain market position in the growing learning management system market.