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Learning Management System – Introduction & ImportanceLearning management system is commonly referred to as ‘LMS’ which is its abbreviation. At its heart, it is a software that was formed with a purpose to ease the load off the teachers & instructors who impart education. It can help them to administer, document, monitor, report and deliver educational courses or training programs. In the past, the teachers had to do all of these things by themselves and it used to get tiresome after a certain point. But with LMS, they can now heave a sigh of relief. In the past few years, this software has made a name for itself in the education industry. Thanks to this fact, the global Learning Management System Market is getting impetus.
Learning management system has the ability to handle the delivery and follow up of the educational content. Apart from that it can also manage various other procedures like online course administration, tracking, student administration and inspection of a student’s work. And there are some distinct LMSs that can also assess whether or not a student is meeting his or her academic goals.
On the whole, this software is a big hit in the education sector and holds great future potential.
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Key Players for learning Management System Market:
Some of the major players in Global learning management system Market includes Edmodo (California), Blackboard, Inc. (U.S.), IBM corporation (U.S.), SAP SE (Germany), Xerox corporation (U.S.), Oracle Corporation (U.S.), McGraw-Hill Education (U.S.), Cornerstone On demand, Inc. (U.S.), D2L Corporation (Canada), and Saba Software, Inc. (U.S.) among others.
Market Segmentation
The global learning management system market is segmented on the basis of services, deployment, application, and region. Based on services, the global learning management system market is segmented into performance management, content management, communication & collaboration, and administration. The segments of the learning management system market on the basis of application include corporate and academics. The corporate segment is estimated to showcase the highest growth during the forecast period.
Market segmentation for learning management system based on deployment is bifurcated into on-cloud and on-premise. The on-cloud segment is projected to garner major growth as they are hosted over the internet and users can log in to access the training material. The on-cloud deployment method for learning management system is witnessing accelerated demand due to enhanced security, lower setup costs, easier accessibility, high scalability, and quick deployment offered by the same.
Detailed Regional Analysis
The global learning management system market is geographically segmented into North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). The global market is projected to witness domination from North America with the largest market share. Attributable factors include the growing awareness and adoption of the learning management system by organizations from different industry verticals. Further, an increase in the usage of Elearning tools and technologies in the learning methodologies have boosted the LMS market in the region. Efficacious collaboration with universities and organizations between institutions and network arenas is helping educators to be more receptive towards the technological change in North America.
Europe is projected to capture the second largest market share for learning management system. Asia Pacific is expected to garner the highest growth rate for learning management system market during the forecast period. The growth in Asia Pacific is attributed to the increasing demand by organizations in multiple sectors for cost-effective learning systems to train their employees to acquire a scalable ROI in the future.
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Industry News
April 2019: mindSpark Learning, in collaboration with Wisetail has launched an interactive social platform for educator called Ignite. Ignite was built to transform how educators communicate and access professional learning content. It is also Wisetail’s first externally facing LMS platform for the education industry.
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Contact Info:
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Organization: Market Research Future
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Release ID: 88891818
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