The learning management system market is projected to grow at a significant CAGR of more than 20% during the forecast period (2019-2025). The growing use of learning management systems to streamline processes, tools, methodologies, and systems to improve the learning and productivity of the desired candidate is a major factor to drive the demand of learning management systems, which in turn will drive its global market. The ability of the learning management systems to offer hassle-free training healthcare, education, manufacturing, retail, and many other industries are actively adopting this system to improve their productivity along with high return on investment.
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The increasing penetration of mobile devices, growing digitalization, the rising deployment of the cloud model, and the high adoption rate of e-learning are the other motivators for the growth of the global learning management system market. However, the lack of proper IT infrastructure in the underdeveloped countries of Latin America and the Middle, East & Africa may restrain the growth of the global LMS market during the forecast period.
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Global Learning Management System Market Segmentation
By Service
· Performance Management
· Content Management
· Communication & Collaboration
· Administration
By Deployment Type
· On-Premises
· Cloud
By Delivery Mode
· Distance Learning
· Instructor-led Learning
By Application
· Corporate
· Academics
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
