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Corporate Learning Management System Market size is set to grow by USD 43.94 billion from 2024-2028, Implementation of cloud-based corporate lms boost the market, Technavio

Corporate Learning Management System Market size is set to grow by USD 43.94 billion from 2024-2028, Implementation of cloud-based corporate lms boost the market, Technavio

NEW YORK, June 7, 2024 /PRNewswire/ — The global corporate learning management system market size is estimated to grow by USD 43.94 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 31.87% during the forecast period. Implementation of cloud-based corporate lms is driving market growth, with a trend towards emergence of mobile learning However, threat from open-source lms poses a challenge. Key market players include Adobe Inc., Aptara Inc., Axonify Inc., Bigtincan Holdings Ltd., Blackboard Inc., City and Guilds Group, Cornerstone OnDemand Inc., D2L Inc, Docebo Inc., HealthStream Inc., Heuristix Digital Technologies Private Ltd., International Business Machines Corp., iSpring Solutions Inc., iTacit, Jzero Solutions Ltd., Oracle Corp., Paradiso Solutions, Pluralsight LLC, SAP SE, and Skillsoft Corp..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Corporate Learning Management System Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 31.87%

Market growth 2024-2028

USD 43948.1 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

25.46

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 33%

Key countries

US, China, UK, Canada, and Germany

Key companies profiled

Adobe Inc., Aptara Inc., Axonify Inc., Bigtincan Holdings Ltd., Blackboard Inc., City and Guilds Group, Cornerstone OnDemand Inc., D2L Inc, Docebo Inc., HealthStream Inc., Heuristix Digital Technologies Private Ltd., International Business Machines Corp., iSpring Solutions Inc., iTacit, Jzero Solutions Ltd., Oracle Corp., Paradiso Solutions, Pluralsight LLC, SAP SE, and Skillsoft Corp.

Market Driver

The Corporate Learning Management System (LMS) market is experiencing significant growth due to the increasing popularity of bring-your-own-device (BYOD) policies. Vendors are focusing on mobile-compliant features to cater to learners accessing content through various devices. In the corporate sector, there is a shift towards corporate-owned personally-enabled (COPE) devices to ease IT management challenges.

Education technology content and products are targeting a wider learner base with mobile-designed offerings. This trend is indicative of the rising demand for blended learning and the incorporation of new forms of learning, such as social learning and gamification. Vendors are prioritizing flexible, responsive web design for mobile-compatible learning portals. 

The Corporate Learning Management System (CLMS) market is experiencing significant growth due to the increasing need for remote work and digital training solutions. Companies are investing in advanced platforms that offer personalized learning experiences, such as microlearning and adaptive learning. These systems enable organizations to manage, deliver, and track employee training programs effectively.

Additionally, integration with other business applications like HR systems and CRMs is becoming a key trend in the CLMS market. The use of video and interactive content is also on the rise, making learning more engaging and effective. Overall, the CLMS market is evolving to meet the changing needs of businesses and their workforces. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

  • Open-source Learning Management Systems (LMS) are increasingly preferred by corporations due to their cost-effective nature. Unlike proprietary LMS, open-source solutions do not require initial licensing fees and offer lower development and maintenance costs. These systems enable multiple users to access them for free.
  • Troubleshooting is easier and quicker in open-source LMS due to their community-driven development. Open-source LMS also offer lower certification and training costs for employees compared to proprietary systems. With a larger global user base, open-source LMS solutions offer faster bug fixes and continuous upgrades. The future looks promising for open-source LMS in the corporate sector.
  • The Corporate Learning Management System (CLMS) market faces several challenges in implementing and managing effective training programs. These include the need for customizable content to cater to diverse employee skill levels (training, technology, and regulations). Ensuring user-friendly design and easy access to learning materials is crucial for employee engagement (user experience, technology).
  • Integration with other HR systems and data analytics for tracking progress and measuring ROI is essential for demonstrating the value of CLMS to organizations (integration, analytics, technology, value). Additionally, ensuring security and data privacy is a significant concern in the digital age (security, privacy, technology). Overall, addressing these challenges requires a comprehensive and adaptable approach to CLMS implementation and management.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

  1. Deployment 
  • 1.1 On-premises
  • 1.2 Cloud
  • End-user 
    • 2.1 Large enterprises
    • 2.2 Small and medium enterprises
  • Geography 
    • 3.1 North America
    • 3.2 Europe
    • 3.3 APAC
    • 3.4 South America
    • 3.5 Middle East and Africa

    1.1 On-premises- Corporate Learning Management Systems (LMS) continue to be deployed on-premises due to the presence of in-house technical expertise and cost savings. Technical training is essential for industries like IT and manufacturing, and on-premises LMS enables customization and integration. On-premises LMS tools are preferred for security and ease of installation, especially for small-scale service providers. The focus on technical skills, such as coding and data mining, drives the demand for on-premises LMS solutions.

    For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

    Research Analysis

    In the corporate world, Small and Medium Enterprises (SMEs) increasingly adopt Cloud-based Learning Management Systems (LMS) for their corporate learning needs. On-premises LMS are being replaced by Software as a Service (SaaS) LMS solutions due to their flexibility and cost-effectiveness. Microlearning, Augmented Reality (AR), Virtual Reality (VR), Artificial Intelligence (AI), and Machine Learning (ML) are transforming learning technology in various Technology and Retail verticals.

    Advanced elearning programs offer immersive, interactive learning environments with realistic simulations, ensuring safe and controlled virtual training for high-risk industries. Centralized systems enable managing and delivering learning content, including online courses and eLearning content, to a diverse workforce. Traditional methods are being supplemented with these advanced learning technologies to enhance skills development and research and development in multiple industries. LMS providers offer customized learning programs to corporate clients, focusing on retention rates and effective learning experiences.

    Market Research Overview

    The Corporate Learning Management System (CLMSS) market refers to a collection of software solutions and services designed to manage and deliver educational programs within organizations. These systems enable businesses to train their employees effectively and efficiently, using various features such as course authoring, delivery, tracking, reporting, and assessment.

    CLMSS can be deployed on-premises or in the cloud, and they cater to various industries and sectors, including healthcare, finance, retail, and technology. They help organizations streamline their training processes, improve employee performance, and ensure regulatory compliance. Additionally, they offer integrations with other HR systems and tools, enabling seamless data flow and streamlined workflows.

    Table of Contents:

    1 Executive Summary
    2 Market Landscape
    3 Market Sizing
    4 Historic Market Size
    5 Five Forces Analysis
    6 Market Segmentation

    • Deployment
    • End-user
      • Large Enterprises
      • Small And Medium Enterprises
    • Geography
      • North America
      • Europe
      • APAC
      • South America
      • Middle East And Africa

    7 Customer Landscape
    8 Geographic Landscape
    9 Drivers, Challenges, and Trends
    10 Company Landscape
    11 Company Analysis
    12 Appendix

    About Technavio

    Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

    With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

    Contacts

    Technavio Research
    Jesse Maida
    Media & Marketing Executive
    US: +1 844 364 1100
    UK: +44 203 893 3200
    Email: [email protected]
    Website: www.technavio.com/

    SOURCE Technavio

    Originally published at https://www.prnewswire.com/news-releases/corporate-learning-management-system-market-size-is-set-to-grow-by-usd-43-94-billion-from-2024-2028–implementation-of-cloud-based-corporate-lms-boost-the-market-technavio-302166673.html
    Images courtesy of https://pixabay.com

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