Global learning management solutions market to grow at 19.6% until 2023

The market size of the Global Learning Management Solutions market is estimated to be USD 9.2 Billion in 2018 and is expected to reach a market size of USD 22.4 Billion in 2023 growing at a rapid growth rate of 19.6% in the forecast period 2018 to 2023

Definition / Scope
Market Overview
Market Risks
Top Market Opportunities
Market Drivers
Market Restraints
Industry Challenges
Technology Trends
Other Key Market Trends
Market Size and Forecast
Market Outlook
Technology Roadmap
Distribution Chain Analysis
Competitive Landscape
Competitive Factors
Key Market Players
Strategic Conclusion
References
Appendix

Definition / Scope

Learning Management Solutions (LMS) serves as an excellent medium to deliver Multimedia and Interactive course content to today’s generation of digitally connected students and workforce.

The reason for the shift in the learning/teaching methodologies is the result of changing expectations from students and their parents regarding educational institutions and partly influenced by stringent compliance-requirement in high-risk industries where employee learning can be critical for organizational success.

Market Overview

The Global Learning Management Solutions (LMS) Market is expected to grow from USD 9.2 Billion in 2018 to USD 22.4 Billion in 2023 growing at a CAGR of 19.6% in the forecast period 2018 to 2023

Cloud deployment type segment is estimated to constitute the largest market size during the forecast period (2018 to 2023). This deployment mode is preferred for its features like better and enhanced security; lower setup costs; easy accessibility; quicker deployment; highly scalable; customizable; more storage space; ease of maintenance; automatic upgrade of course materials; and automatic licensing done by vendors.

Government & Education holds the dominant position in 2018 and would continue to maintain the lead in the forecast period (2018 to 2023).

Corporate user type segment is expected to grow at the highest CAGR during the forecast period (2018 to 2023). As businesses have become more competitive after the second wave of globalization, the importance of human resources has increased significantly over time and employee training and development has become a new norm.

In various corporate organizations, industrial methods used for training and development are different. For instance, the success of a software and technology company largely depends upon the skill/ability of the employees in the organization.

North America is expected to account for the largest market size during the forecast period (2018 to 2023). North America has shown speedy acceptance of new learning pedagogies and this has further pushed the LMS market for this region. Owing to the advanced technology present in the region, students are digitally more connected and aware of eLearning and interactive course content.

Market Risks

Highly Saturated Market

As there exists little to no barrier for entry, there are thousands of Learning Management Solution vendors flooding the market on a daily basis. As a result of which the market is becoming highly saturated and it is also fragmented with different market players offering LMS modules. With the commoditization of the solutions offered, where there are undifferentiable and substitutable products being offered there exists no value creation for the customers.

The highly saturated state of the market affects the business operations substantially as the targeted audience is lesser and all competitors focus on the smaller target base by spending more on marketing activities which acts as an influencing factor on the profitability of the business. By definition, a saturated market produces no new demand, because the customer base has been served by the available supply of providers.

This means that while the business can earn revenue from the existing customer base, the ability to attract new customers is limited. If new customers can’t be attracted, there also doesn’t exist access to new revenue streams. Without growing revenue, there doesn’t exist much money to invest in diversification and marketing which affects the business continuity of the market players.

Scalability issues

The high price perception of Learning Management solutions by the consumers aided by lack of compelling use-cases and viable business models are the primary reasons affecting the uptake of Learning Management technology as a viable business option and hence are not concentrated by the major vendors as a result of which the Learning Management market is highly fragmented with a few number of market players coming up with feasible solutions that solve real-world problems, while others are seen as a POC (Proof of Concept) solutions that lacks a viable reason for existence.

These factors in addition to the factors such as Ambiguous ROI which is as a result of fragmentation of technology stacks across various vendors causes Scalability issues for the mass-adoption of the Learning Management Solutions.

Top Market Opportunities

Introduction of the Tin Can API technology

The Tin Can API technology is the next-generation of SCORM (Sharable Content Object Reference Model) is expected to create significant opportunities in the LMS market. This can be attributed to factors such as ability to track real-world performance, team-based e-learning, tracking learning plans and e-learning in native mobile applications.

The flexibility of Tin Can API technology enables all learners to access all kinds of materials in all kinds of locations, so that learners can learn anywhere, anytime. Also the API allows to track all of the learning experiences in simple, consistent format.

Social Learning

Social learning via offering tools such as Facebook is expected to be incorporated by the service providers. An LMS that can engage learners via social learning makes online training highly engaging and collaborative for employees. a Learning Management Solutions with built-in social media functionalities can be effectively leveraged by Learning and Development (L&D) professionals to improve the quality and experience of their online training programs.

An LMS that can engage learners via social learning makes online training highly engaging and collaborative for employees. It is now widely being accepted that learning is much more efficient in a social environment, as the knowledge is naturally gained and retained through interaction and collaboration and without a structured approach.

In fact, social learning takes place in our daily lives without our knowledge or a reason to learn. And, one of the leading approaches to use social learning is through an LMS.

Gamification

Gamification offers learners the opportunity to have a fun while learning. Studies show people remember less of what is ‘read’ and more of what is ‘done’. This is a good reason why gamification should be used within eLearning practices and strategies because it can enhance a learner’s engagement and provides a better learning environment. This is down to factors such as it gives learners a sense of achievement and it can offer friendly competition.

Gamification provides instant feedback for the user so they can instantly know how well they’ve done, this will keep users more engaged than if they had to wait an extended period of time to get results back. Some of the favourite gamification techniques are; progressing to different levels, scores, avatars, and virtual currencies. The most effective uses of gamification learning are; illustrating progress, increasing engagement, creating challenges, and instilling a sense of achievement.

Market Drivers

Growing Adoption of BYOD

Globally, organizations are opting e-learning services for educating and training their employees owing to the incurring expenses of the traditional teaching methods. Adoption of bring your own device (BYOD) in the organization culture facilitates benefits such as cost saving, innovation and productivity, along with access to online training materials, directly to the employees’ devices supporting smart learning.

Furthermore, the increased compatibility of learning management Solutions with mobile devices and social learning have mandated corporates to adopt BYOD culture. These trends are expected to drive growth in the global learning management Solutions market.

Growth in Adoption of e-Learning Platform

E-Learning is the use of internet-based courses or programs that deliver instruction using pedagogical tools as part of a formal educational program. The development of E-Learning is a result of the growth of information and communications technology (ICT) in education because of the need to provide education for larger numbers of students as well as training.

E-Learning differs significantly from traditional classroom education because it can be both synchronous and asynchronous. With synchronous E-Learning, students and faculty interact simultaneously at a specific time using the internet for direct communication.

With asynchronous E-Learning, the students and faculty interact at different times by placing messages or coursework in files that are accessed at different times.

With either approach, E-Learning provides the advantage of allowing an educational institution to provide learning without requiring the physical presence of the student or faculty on the institution’s campus, which theoretically increases students’ access to higher education.

Another advantage of E-Learning is the flexibility it provides to students that can accommodate various types of learning styles.

Rising demand for LMS in higher education organization

The growing trend of adoption of LMS by the HEOs (Higher education Organization) across the world is different than the adoption trend of colleges and universities. The HEO over past few years have significantly driven the demand for LMS.

At present, U.S is the largest adopter of LMS in higher education sector, however Western Europe and other countries of North America are anticipated to gradually increase their demand for cost-effective LMS in the coming years. Blackboard Inc., is the largest provider of LMS to the HEO followed by Canvas and Docebo. These companies are thriving to develop cost efficient LMS for HEO in order to drive the demand for LMS in higher education sector.

Rapid adoption of Cloud Learning Solutions

The cloud-based deployment model is expected to lead the market over the forecast period, owing to the increasing adoption among large enterprises and SMEs. Companies are switching to cloud-based model so that they can focus more on their core competencies and worry less about their assets becoming obsolete with fast-evolving technology.

Moreover, cost efficiency is another reason that adds value to cloud-based deployment model. For instance, rapid adoption of LMS (learning management Solutions) in the education sector due to the growing awareness of distance learning and quality education are also contributing to the growth of the cloud-based deployment model.

Intrinsic benefits offered by Learning Management solutions

The learning management solutions (LMS) cater to the need of comprehensive learning module that allows experts to create customized content for the courses and to design unique lesson delivery structure. Thus, the learning management solutions help in creating a holistic and dynamic learning environment.

The solutions offered by the learning management solutions are flexible and scalable that best suit the specific organizational requirements. The learning management applications help in creating a more interactive and personalized learning environment in a digitized format. Moreover, it supports enterprises to address the skill imbalance challenge by managing capabilities effectively.

Market Restraints

Lack of Standardization

There are numerous organizations world-wide that are dedicated to promoting standardization for the e-learning community, but the standards endorsed by these organizations vary and often do not allow different training courses to co-exist on a single Learning Management Solutions (LMS).

The problem is that not only do different disciplines follow different standards, which cause difficulties for organizations attempting to implement a LMS with courses that cross discipline boundaries, but courses from different vendors that follow the same standard are not necessarily compatible.

Since the e-learning community has not yet evolved to the level of Hyper-Text Markup Language (HTML) used by the Internet for LMSs, organizations have compatibility issues when purchasing e-learning courses. The lack of standardization and compatibility affects the uptake of Learning Management Solutions.

High Cost of implementation

Expenses in the implementation of learning management solution include the software applications used to create the online presence, establish management functions, create the courses, and enable their delivery. Course creation costs and maintenance are ongoing expenses associated with student support.

The cost of implementation for a Learning Management Solution is typically exorbitant costing as high as USD 500,000 and is said to get expensive with additional costs such as set-up costs which can be as high as USD 100,000, in addition to the implementation costs which can be as high as USD 50,000.

The exorbitant costs associated with the implementation and maintenance of Learning Management Solution is pricking the growth of the learning management solution market.

Lower scope of IT infrastructure in the underdeveloped nations

The lack of awareness about the Learning Management solutions and the poor condition of IT infrastructure available in the underdeveloped nations in the African region affects the adoption of Learning Management Solutions as a viable learning solution.

The poor IT infrastructure is as a result of a downturn economy and lack of interest shown by the respective governments for the growth of the IT Infrastructure as a result of which they attract lower investments from the developed nations.

The poor state of IT infrastructure makes the effective implementation of the Learning Management solutions a daunting task. Combined with the lack of IT Knowledge and usability issues and under-penetration of the internet and mobile devices in these region affects the adoption of Learning Management Solutions and makes the implementation of the Learning Management Solution complicated.

Industry Challenges

Availability of Open Source Solutions

The availability of Open Source Learning Management Solutions such as Moodle, ATutor, Eliademy, Forma LMS, Dokeos, ILIAS, Opigno, Open OLAT that offer services such as eLearning Assessment tools, online certification services, eLearning course catalogs that are offered in the paid Learning Management Solutions as well.

The offering of Learning Management solutions free of cost benefits Small and Medium Enterprises and Institutions as they might be cash-strapped and hence adds a bead to the Learning Management solution.

The open source Learning Management software solutions come as a blessing in disguise to the Small and Medium Enterprises and Institutions as they offer the same services and products offered by the paid vendors, free of cost and enables the SMEs and educational institutions to focus on spending on other services.

The open source Learning Management Solutions offer cost benefits and hence becomes the preferred choice of Learning Management solutions for many SMEs and even the larger compatriots and hence acts as a challenge for the Learning Management Solutions vendors to offer innovative and value added services at lesser price tags.

Shortage of Skilled Trainers

There is an emerging trend of dearth of skilled trainers in the Learning Management segment and this trend is expected to further worsen as demand of skilled trainers outpaces the supply, the shortage of skilled trainers in the Learning Management space is being felt due to the lack of education on various domains and lack of investments by employers for upskilling their employees on teaching skills.

Also the lack of skilled trainers is due to the fact that trainers show lack of interest to skill themselves with the emerging technologies. USA and other developed economies are the worst-hit with the skill shortage in the domain.

Technology Trends

AR/VR/MR

Virtual Reality and Augmented Reality are both growing rapidly as important modes of implementing learning content. It has been observed that K-12 has adopted Augmented Reality in a rapid way to teach various subjects, such as Science and Math.

The great thing about Augmented Reality is that it can augment the existing content through interesting overlays of graphics and images that can pop out and thrill the learners. More than the thrill, it is the experience itself that helps learners connect to the content better.

Virtual Reality continues to grow as it is used in teaching various safety-related procedures. Organizations are now looking at Virtual Reality as an important solution, as eLearning companies use effective Instructional Design strategies to enhance the VR experience.

Using a mixture of 360-degree photographs, interactions, and many more elements, VR is becoming a useful experience. Organizations are also investing in cognitive learning products that are augmented by VR especially for children and people with special needs.Added to AR and VR is the exciting new modality called Mixed Reality or MR. Already big players are making investments in MR which combines AR and VR to a great effect.

Learning Management Solutions With Video Support

The video was big on the 2017 eLearning trends-list last year (according to Cisco’s VNI Forecast and Methodology, 2015-2020, “video will be responsible for 80% of the internet traffic around the world by 2019”) and continues to rule the spot for 2018 as well.

As per the latest version of the same report, “Every second, a million minutes of video content will cross the network by 2021”. Quite simply, the humungous power of videos to learn, teach, show, and tell cannot be denied. An LMS in 2018 should be able to support videos, both streamed (ready integration with YouTube, Amazon S3, and other streaming servers) and uploaded (high quality, and in different formats).

Further, video management features like video overlays, FPS auto-detection, video bookmarking, etc. are set to be a big part of the LMS scene in the coming year.

Other Key Market Trends

Emerging trends of Gamification And Game-Based Learning

Gamification and game-based learning were strong trends in 2018. Organizations are increasingly looking at investing in game-based learning to empower and engage their learners better. It has been observed that gamification has improved retention rates and better application of the subject matter learned at work.

Organizations will look to implement more game-based solutions, as they see them as value adders for the organization-wide learning. Games that are well thought out, well designed and address the needs of learners engage them effectively. It has been proven through numerous implementations that games help in releasing happy hormones, such as dopamine and serotonin.

Market Size and Forecast

North America

North America is estimated to account for the largest market size during the forecast period. In this region, enterprises are now shifting to mLearning for better results and convenience of use.

LMS is used by both corporate users as well as academic institutes, and most of the vendors offer user-centric product development strategies and cater to all technological demands and innovative needs for both the academic and corporate sector.

North America has shown speedy acceptance of new learning pedagogies and this has further pushed the LMS market for this region.

USA LMS Market Size

USD 2.76 Billion – The estimated market size of the US LMS Market in 2018
17.5% – The CAGR growth rate of the US LMS market in the forecast period 2018 to 2023
USD 6.18 Billion- The expected market size of the US LMS Market in 2023

Canada LMS Market Size

USD 828.4 Million – The estimated market size of the Canadian LMS Market in 2018
18.2% – The CAGR growth rate of the Canadian LMS market in the forecast period 2018 to 2023
USD 1.91 Billion- The expected market size of the Canadian LMS Market in 2023

Latin America

The Latin American learning management Solutionss (LMS) market is expected to grow from USD 733.7 Million in 2018 and is expected to grow at a CAGR of 20.6% to reach a market size of USD 1.87 Billion in 2023

Brazil LMS Market Size

USD 256.8 Million – The estimated market size of the Brazilian LMS Market in 2018
20.2% – The CAGR growth rate of the Brazilian LMS market in the forecast period 2018 to 2023
USD 644.34 Million- The expected market size of the Brazilian LMS Market in 2023

Mexico LMS Market Size

USD 205.43 Million – The estimated market size of the Mexican LMS Market in 2018 20.6% – The CAGR growth rate of the Mexican LMS market size in the forecast period 2018 to 2023 USD 524.08 Million- The expected market size of the Mexican LMS Market in 2023

Argentina LMS Market Size

USD 154.04 Million – The estimated market size of the Argentinian LMS Market in 2018
20.8% – The CAGR growth rate of the Argentinian LMS market in the forecast period 2018 to 2023
USD 396.25 Million- The expected market size of the Argentinian LMS Market in 2023

Asia-Pacific

The Asia-Pacific learning management Solutionss market size is expected to generate USD 3.44 Billion by 2023, growing at a CAGR of 19.6%

China LMS Market Size

USD 570 Million – The estimated market size of the Chinese LMS Market in 2018
19.2% – The CAGR growth rate of the Chinese LMS market in the forecast period 2018 to 2023
USD 1.37 Billion- The expected market size of the Chinese LMS Market in 2023

India LMS Market Size

USD 393.6 Million – The estimated market size of the Indian LMS Market in 2018
19.6% – The CAGR growth rate of the Indian LMS market size in the forecast period 2018 to 2023
USD 963.2 Million- The expected market size of the Indian LMS Market in 2023

Japan LMS Market Size

USD 312.26 Million – The estimated market size of the Japanese LMS Market in 2018
19.8% – The CAGR growth rate of the Japanese LMS market in the forecast period 2018 to 2023
USD 770.56 Million- The expected market size of the Japanese LMS Market in 2023

Europe

The Europe LMS market is estimated to be USD 1.07 Billion in 2018 and is expected to grow at a CAGR of 18.8% to grow to a market size of USD 2.53 Billion in 2023

UK LMS Market Size

USD 428 Million – The estimated market size of the UK LMS Market in 2018
18.6% – The CAGR growth rate of the UK LMS market size in the forecast period 2018 to 2023
USD 1.04 Billion- The expected market size of the UK LMS Market in 2023

Germany LMS Market Size

USD 299.6 Million – The estimated market size of the German LMS Market in 2018
18.3% – The CAGR growth rate of the German LMS market in the forecast period 2018 to 2023
USD 694.17 Million- The expected market size of the German LMS Market in 2023

France LMS Market Size

USD 239.7 Million – The estimated market size of the French LMS Market in 2018
18.6% – The CAGR growth rate of the French LMS market in the forecast period 2018 to 2023
USD 562.46 Million- The expected market size of the French LMS Market in 2023

Middle East and Africa

The Middle East & Africa LMS market size is estimated to be USD 606.09 Million in 2018 and is expected to grow at a CAGR of 20.2% to reach a market size of USD 1.52 Billion in 2023

Saudi Arabia LMS Market Size

USD 242.44 Million – The estimated market size of the Saudi Arabian LMS Market in 2018
20.2% – The CAGR growth rate of the Saudi Arabian LMS market in the forecast period 2018 to 2023
USD 608.31 Million- The expected market size of the Saudi Arabian LMS Market in 2023

UAE LMS Market Size

USD 181.83 Million – The estimated market size of the UAE LMS Market in 2018
20.4% – The CAGR growth rate of the UAE LMS market in the forecast period 2018 to 2023
USD 460.04 Million- The expected market size of the UAE LMS Market in 2023

South Africa LMS Market Size

USD 145.46 Million – The estimated market size of the South African LMS Market in 2018
20.8% – The CAGR growth rate of the South African LMS market in the forecast period 2018 to 2023
USD 374.18 Billion- The expected market size of the South African LMS Market in 2023

Market Outlook

On the basis of products, the learning management Solutions market can be categorized as learner management, performance management, community engagement, administration, content management, training records management, and communication and collaboration. Of this the Learner Management holds the major market share of 35% garnering revenues of USD 3.22 Billion in 2018.

The learning management Solutions market can also be categorized on the basis of deployment types, as on-premises and Software as a service (SaaS) or Cloud deployment, The Cloud deployment holds the major market share of 80% holding a market size of USD 7.36 Billion in 2018 and is growing tremendously.

On the basis of applications, the learning management Solutions market can be categorized as technology training, distance learning and virtual instructor training. Of this Technology training holds the major market share of 30% garnering market revenue of 2.76 Billion in 2018.

On the basis of user type, the learning management Solutions market can be categorized as healthcare, higher education, large enterprise, manufacturing, consulting, banking, financial services and insurance (BFSI) industry, government, small and medium enterprises (SME), IT and telecom, and retail. The IT and telecom segment is the fastest growing holding a market size of 2.94 Billion in 2018 boasting a market share of 32%

North-America is dominating the global learning management Solutions market with the largest market share of 47%. This is due to the fact that increasing awareness and growing adoption of learning management Solutions by organizations and therefore is expected to grow with highest revenue by 2022 followed by Europe.

Technology Roadmap

Adaptive Learning going to the next level

Adaptive learning, supported by confidence-based assessments and strong analytics and measurement of training effectiveness, is taking learning to the next level. Very soon, in 2019, adaptive learning will make further strides in the eLearning marketspace.

Organizations and learners will benefit as organizations ensure that there are better competition rates, and learners will enjoy the learning process as they get to see only that content that is personalized to them. Using effective assessments, learners can skip the content that they are completely confident about.

LMSs are slowly gearing up to compete with platforms that are offering adaptive learning. Hence it will be an important and interesting trend to watch out for in the coming year. The general consensus in the segment is adaptive learning is here to stay and the experimentation phase is over, and it will all about action in 2019.

Distribution Chain Analysis

The various key elements in the Supply chain of Learning Management Solutions are

Functionality

An LMS is a complete and standalone software application that enables learning, skill enhancement, and employee growth in every organization. Some of its important functions are:

Enrolling and Administration
Course and Content Delivery
Training Management (scheduling, analyzing, tracking, etc.)
Skill Gap Analysis
Individual Development Plan (IDP)
Assessing and reporting
Resource Management
Virtual Organizations
Performance Management Solutions Integration
Certification

Features

Some features of LMSs are:

Study offline
Organize virtual conference sessions with multiple learners simultaneously
Online whiteboard for instructors and learners to create and share information real time
Sell courses online and receive payment through integrated processors like PayPal
Multiple device (smartphones, desktop and laptop pcs, tablets, etc.) usage
Exchange data using, SCORM, Tin-Can, etc.
Use personal branding and custom themes for interface
Add or remove custom plugins

Foundation

An LMS has its foundation in learning and skill enhancement. It manages complex databases combined with the digital frameworks for curriculum management, training and course material, and tools of analysis and evaluation. This kind of application enables everyone to create, manage, track, and/or distribute course content of any kind.

Users

Multiple people use an LMS in every organization. Authors create e-learning content and detailed modules. Team leaders/managers identify the team members who require skill enhancement or those who are capable of learning new skills.

Learners are the employees who have been selected by their managers or team leaders to learn a new skill or sharpen an existing one. Administrators are responsible for enrolment, registration, and management of learners.

Competitive Landscape

The market is concentrated with existing vendors rolling out latest version and new offering of their LMS software for both corporate and academic purpose.

The Major Market Developments include:

May 2019 – D2L introduced ‘Indigo’, the latest version of its Brightspace learning platform which empowers employees to take control of their own learning paths in a competitive global economy.
March 2019 – Blackboard announced that the University of Ferrara (Unife) implemented Blackboard Collaborate to enhance its online teaching and learning offering. Through Blackboard Collaborate, Unife is providing up to 13 virtual classrooms every day, for a total of 70 hours of online lessons.
February 2019 – McGraw-Hill launched SmartBook 2.0 as a major enhancement of its market-leading McGraw-Hill Connect learning platform. It is an adaptive learning engine, which helps students to achieve at higher rates.

Competitive Factors

Some of the Competitive Factors in the Learning Management Solutions Market include:

New Product launches

The Learning Management Solution market is oversaturated with new products and innovations. Gaining a competitive edge in this highly competitive market is a challenging task. With the right processes in place, companies can successfully introduce a new product in the market and gain traction from customers.

Also, as the cost of introducing a new product in the market is high, it becomes imperative for companies to center their attention towards successfully marketing the product after its launch.

Partnerships and Acquisitions

One of the main motivations of acquisition is cost reduction. Some business people claim that if new firms attempt to enter into the new market, they can use acquisitions to save the cost of production and gain the competitive advantage.

Bidding firm can acquire more resources from target firms to produce the new products and gain more profits. The innovation ability can decide whether companies have sustainable development or not.

Acquisitions help companies to acquire some patents or technological skills from target firms and enter into the new market. Moreover, they can save the time cost and budgets for training their employees to operate the machines.

Key Market Players

Cornerstone OnDemand, Inc. develops and markets on demand employee development computer software. The Company offers software includes learning development, enterprise social networking, performance management, and succession planning. Cornerstone markets to multi-national corporations, large domestic enterprises, midmarket companies, state and local public sector organizations, and colleges.

Blackboard Inc. develops education software solutions. The Company offers online program management, managed hosting, enterprise and platform consulting, training, and student services. Blackboard serves learners, educators, institutions, and companies worldwide.

Saba Software, Inc. provides cloud-based intelligent talent management solutions. The Company offers a set of people cloud applications, including recruiting, enterprise learning, talent management, and collaboration solutions.

D2L, formerly Desire2Learn, is a global cloud software company with offices in the United States, Canada, Singapore, Australia, Europe, and Brazil. It is the developer of the Brightspace learning management Solutions, which is a cloud-based software used by schools, higher education, and businesses for online and blended classroom learning. D2L is also the developer of Open Courses a Massive Open Online Course platform.

SumTotal Systems, Inc. is a software company based in Gainesville, Florida that provides human resource management software and services to private and public sector organizations.The company uses multiple cloud-based channels, including Software as a Service (SaaS), Hosted Subscription, and premises-based licensure. The company has regional offices in the US, Canada, Europe, and the Asia-Pacific region.

Moodle is a free and open-source learning management system (LMS) written in PHP and distributed under the GNU General Public License.Developed on pedagogical principles,Moodle is used for blended learning, distance education, flipped classroom and other e-learning projects in schools, universities, workplaces and other sectors.

Pearson eCollege is an on-demand, or software as a service (SaaS), provider of eLearning software and services to secondary and post-secondary learning institutions and is owned by Pearson PLC. eCollege was founded in 1996 as Real Education, the company went public in 1999.

McGraw-Hill (MHE) is a learning science company and one of the “big three” educational publishers. that provides customized educational content, software, and services for pre-K through postgraduate education. The company also provides reference and trade publications for the medical, business, and engineering professions. McGraw-Hill Education currently operates in 28 countries, has more than 5,000 employees globally, and offers products and services to over 135 countries in 60+ languages.

Automatic Data Processing, Inc., commonly known as ADP, is an American provider of human resources management software and services. Until 2014, ADP was one of four American companies in the S&P 500 to have a AAA credit ratingfrom both Standard & Poor’s (S&P) and Moody’s

Strategic Conclusion

The Global Learning Management Solutions market is forecast to grow at a CAGR of 19.6% from USD 9.2 Billion in 2018 to USD 22.4 Billion in 2023.

The major challenges pricking the growth of the Global Learning Management Solutions market includes Availability of Open Source Solutions, and Lack of Skilled trainers

The growth of the market is restrained by factors such as Lack of Standardization, High Cost of implementation and Lower scope of IT infrastructure in the underdeveloped nations

The growth of the Global Learning Management Solutions market is augmented by Drivers such as Growing Adoption of BYOD, Growth in Adoption of e-Learning Platform, Rising demand for LMS in higher education organization, Rapid adoption of Cloud Learning Solutions and Intrinsic benefits offered by Learning Management solutions.

Appendix

LMS – Learning Management Solution
USD – US Dollar
CAGR – Compounded Annual Growth Rate
POC – Proof of Concept
ROI – Return on Investment
SCORM – Sharable Content Object Reference Model
L&D – Learning and Development
BYOD – Bring Your Own Device
ICT – Information and Communications Technology
HEO – Higher education Organization
SME – Small and Medium Enterprises
AR – Augmented Reality
VR – Virtual Reality
MR – Mixed Reality
SaaS – Software as a service
BFSI – Banking, Financial Services and Insurance
IDP – Individual Development Plan
D2L – Desire2Learn
MHE – McGraw-Hill
ADP – Automatic Data Processing, Inc.
S&P – Standard & Poor’s