Corporate learning management system market at a CAGR of 23.82% during the forecast period from 2022 to 2030
The data experts at Market Research Future Reports (MRFR) have evaluated the global corporate learning management system market . As per the study, the market size is expected to generate revenues in excess of USD 25.28 billion is expected to grow at a compound annual growth rate of 23.82% between 2022-2030.
The constant modernization of e-learning tools is predicted to alter the
development of the corporate learning management system market. The development
in the concept of enterprise mobility is further expected to provide new
opportunities for growth in the forecast period.
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Segmentation:
The
global market for corporate learning management system can be segmented on the
basis of delivery mode, deployment mode, organization size, component,
vertical, and geography.
On the
basis of delivery mode, the global market for corporate learning management
system can be segmented into instructor-led training, distance learning, and
blended learning
On the
basis of deployment mode, the global market for corporate learning management
system can be segmented into on-premises and cloud.
On the
basis of organization size, the global market for corporate learning management
system can be segmented into small and medium scale enterprises (SME’s) and
large enterprises.
On the
basis of component, the global market for corporate learning management system
can be segmented into solutions and services.
On the
basis of vertical, the global market for corporate learning management system
can be segmented into IT & telecom, BFSI, healthcare, manufacturing,
retail, government & defence, and others.
On the
basis of geography, the global market for corporate learning management system
can be segmented into North America, Asia-Pacific, Europe, and the Rest of the
World (RoW).
Detailed Regional
Analysis
The regional examination of the corporate learning management market is
studied for Europe, Asia-Pacific, North America, and the rest of the regions.
The Asia-Pacific region is likely to develop at a quicker rate in the corporate
learning management system market throughout the forecast period. The increased
customer base and varied countries in the field of IT & telecom are
anticipated to compel the corporate learning management system market in the
APAC region. The intensification of Asia-Pacific is principally reliant on the
occurrence of major IT companies that increase technologies connected to
corporate LMS. The North American region is anticipated to direct the corporate
learning management system market’s growth throughout the forecast period. The technical
expansion in learning methods and the growing implementation of e-learning
tools are likely to develop the corporate learning management system market in
the region of North America.
Competitive Analysis
The availability of strong government support and the presence of
encouraging policies is expected to enliven the growth prospects in the
approaching period. The incidence of options that can be favorably capitalized
on is aiding the market players in improving their overall position in the
market. The balance in demand and supply in the market will prove as an
encouraging growth factor in the forecast period. The market is expected to
record a stable growth rate in the coming years. The market competitors are
expected to play a critical role in the development of the global market. The
development of adequate sources of raw material is predicted to transform the
market in the upcoming period further. The competition in the market is
manageable, which is inducing the entry of new players in the global market.
The upgrades in production methods are estimated to transform the potential of
the market in the forecast period.
The prominent contenders in the corporate learning management system market
are Tata Interactive Systems (India), Upside Learning (India), Geenio (Cyprus),
Epignosis (US), Docebo LMS (Canada), Instructure Inc. (US), Cornerstone
OnDemand (US), SumTotal Systems (US), G-Cube (India), Latitude CG (US), Saba
Software (US), Expertus inc. (US), LearnUpon (Ireland), Mindflash Technologies
Inc. (US), Cypher Learning (US), and Schoology Corporation (US).
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