Pune, India, April 11, 2022 (GLOBE NEWSWIRE) education management system market the amount was $ 14.43 billion in 2021. The market is expected to grow $ 16.19 billion in 2022 to $ 40.95 billion by 2029, the CAGR represents 14.2% over the forecast period. The growing demand for smart and interactive learning platforms and the growing trends of multidisciplinary learning are expected to lead to market growth. Fortune Business Insights ™ this information in its report titled “Market share of the education management system, 2022-2029»
The Learning Management System (LMS) is an interactive and intelligent learning platform, although it is an online tool. The growing demand for the platform from several educational institutions is expected to increase LMS acceptance. In addition, the adoption of tools that improve teaching and learning processes is expected to increase product acceptance. Moreover, it is expected that the growing focus of manufacturers on the satisfaction of interactive, safe, custom-made and effective learning technologies will increase. In addition, the growing trend of multi-channel trend can contribute to the development of the industry. These factors may contribute to the development of the market in the coming years.
May 2019 – McGraw-Hill and Cengage have announced a joint venture agreement. Through this, companies offer digital learning at affordable prices.
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Scope of the training market management system report:
|The forecast period is 2022 to 2029 CAGR||14.2%|
|2029 Cost prediction||$ 40.95 billion|
|Market size in 2021||$ 14.43 billion|
|Historical information for||2018-2020|
|Number of Pages||140|
|The segments are covered||Component; Location; End user; and Geography|
|LMS market development drivers||The popularity of online learning and teaching in higher education to accelerate market growth|
|An increase in the number of colleges in the U.S. is helping to dominate North America|
Drivers and Restrictions
The growing popularity of online learning and teaching to contribute to the development of the industry
The advent of the COVID-19 pandemic has led to the adoption of interactive online learning methods. Institutions are aiming to adopt online training to combat the pandemic. In addition, the adoption of cloud services, internet and trust management is expected to facilitate product adoption. The platform provides excellent tracking of administration, reporting and automation of online learning. In addition, increasing demand for products or inclusive and interactive learning can contribute to the adoption of learning management systems in institutions. These factors could lead to an increase in the market for the education management system.
However, the strong impact of traditional learning is expected to hinder market growth.
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Component, placement, end use, and region are studied
By component, the market is divided into solutions and services. Depending on the location, it is classified into a building and a cloud. According to the final use, it is divided into academic and corporate. In the region, the market for education management systems is grouped into North America, Europe, Asia and the Pacific, the Middle East and Africa, and Latin America.
Increased Ed-Tech activities to boost market growth in North America
North America is expected to dominate due to the growth of ed-tech activities in the training management system market. The market in North America is expected to reach $ 5.99 billion in 2021 and is expected to account for the largest share of the global market. In addition, the availability of a large number of universities and the demand for e-learning can contribute to the development of the market.
In Europe, the adoption of open source learning management is expected to increase ICT adoption. According to a European report on Ed-Tech funding in 2021, Advisors Brighteye, Ed-Tech funding in 2020 will increase to $ 711 million. Online learning is increasing the demand for education across Europe.
In the Asia-Pacific region, increased investment in platforms to promote online education, courses and training is expected to contribute to market development. In addition, the growing potential of ed-tech is expected to boost market growth.
Quick Buy – Market management training system:
The companies listed in the market management system training report are:
- McGrow Hill (USA)
- D2L Corporation (Canada)
- SAP SE (Germany)
- Saba Software (USA)
- Absorb LMS Software Inc. (Canada)
- Blackboard Inc. (USA)
- Cornerstone OnDemand, Inc. (USA)
- Oracle Corporation (USA)
- IBM Corporation (USA)
- Paradiso Solutions LLC (USA)
Manufacturers are announcing innovative products to enhance their brand image
Well-known companies operating in the market are announcing innovative products to attract consumers and enhance the reputation of their brand. For example, eLeap, developed by Telania, LLC announced in March 2021 an improvement in its learning management solution alongside the Additional Learning Tracking feature (OJT). This drive can allow a company to attract consumers and enhance its brand image. In addition, the adoption of research and development, mergers, acquisitions, technologically advanced production equipment and expansion will allow companies to increase their position in the market.
Kovid – 19 pandemics
Strong adoption of e-learning to strengthen market development
This market is expected to grow positively during the pandemic period due to the strong adoption of e-learning. The sudden increase in cases has led to the adoption of work from home and the rapid digitization of products. In addition, the growing demand for online learning is expected to contribute to market growth. Moreover, the government’s growing initiatives to develop online learning are expected to contribute to the development of the industry. These factors may increase market growth during the pandemic period.
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The main table of contents for Market management training system:
- Definition, by segment
- Methodology / Research Approach
- Sources of information
- Executive Summary
- Market dynamics
- Drivers, limitations, opportunities and trends
- Effect of COVID-19
- Short-term effects
- Long-term effects
- Competition scene
- Trading strategies that are adopted by key players
- Integrated SWOT analysis of key players
- Global Learning Management Systems (LMS) Understanding and Analyzing Key Market Player Share, 2021
- Market size and forecast of global education management system (quantitative data), by segments, 2018-2029
- Key findings
- By item (USD)
- Consulting services
- Practical services
- Support services
- By enterprise size (USD)
- Small and medium enterprises
- Large enterprises
- By placement (USD)
- By end user (USD)
- IT & Telecom
- Health care
- Energy and Utilities
- By region (USD)
- North America
- Asia and the Pacific
- Middle East and Africa
- South America
- North American Learning Management System (LMS) market volume estimates and forecasts (quantitative data), by segments, 2018-2029
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