LMS Market by Component (Solution and Services), Delivery Mode (Distance Learning, Instructor-Led Training and Blended Learning), Deployment Type, User Type (Academic and Corporate), and Region - Global Forecast to 2023
[159 Pages Report] The LMS market size is expected to grow from USD 9.2 billion in 2018 to USD 22.4 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 19.6% during the forecast period. The major growth drivers for the market include increasing adoption of digital learning, growing inclination toward Bring Your Own Device (BYOD) policy and enterprise mobility, extensive government initiatives for the growth of LMS, growing usage of Artificial Intelligence (AI) and Machine Learning (ML) in LMS is increasing the significance of eLearning in corporate and academic setups.
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Cloud deployment type segment is estimated to constitute the largest market size during the forecast period
In the cloud-deployed LMS, services are hosted over the internet connection, and users can log into the service provider’s site. Teachers or trainers can upload course content, create new courses, and interact with learners via their internet browsers to refrain from the installation of the required management software. Instructional designers can store any information on the cloud, and this can be remotely accessed by approved users in any location. 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. In this form, the learning is delivered to the learner, anywhere and anytime via the browser. The adoption of cloud deployment type for LMS in the training and development structure is growing rapidly. Most of the vendors are switching from on-premises deployment mode to cloud-based solution. Cloud-based LMS providers are actively delivering continual innovation with security in priority. Some of the LMS cloud providers include SumTotal Systems, Docebo, SAP, Epignosis, ScholarLMS, and Expertus. The global market for the cloud-based LMS solutions is expected to rise at a substantially high rate in the next 5 years.
Corporate user type segment is expected to grow at the highest CAGR during the forecast period
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. Skill and knowledge required in the software and technology companies change at a faster pace compared to other industries. Research and development also play a key role in software and technology companies. To keep improving the skills of the employees, LMS in the software and technology companies is of key importance. Medical practitioners need to update their knowledge and skills to provide the latest treatment to the customers/patients. Keeping employees updated with new medical devices and pharmaceutical products is another key aspect of the training and development module in the healthcare sector. Advanced eLearning technologies like 3D images of internal organs and live interaction with experts have increased the effectiveness of the eLearning in the medical sector. The key skills training required in the retail industry is sales development, product training, leadership skills, product promotion, assertiveness, customer experience and care, retail recruitment, and communication. LMS in the retail industry usually focuses on areas, such as on boarding, compliance, sales skills, and product knowledge.
North America is expected to account for the largest market size during the forecast period.
The global LMS market, by region, covers 5 major geographic regions: North America, Asia Pacific (APAC), Europe, Latin America, and MEA. 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. Owing to the advanced technology present in the region, students are digitally more connected and aware of eLearning and interactive course content. Even teachers and parents are sensing the need to shift from old teaching methodologies to newer and advanced ways of teaching and learning pedagogies to improve the learning experience and educational technology for the students. LMS is expected to be the next step in the evolution of a more interactive learning experience and this is being deployed by several organizations in the North American region. The market in North America is highly progressive, since several organizations are implementing this to enable improved learning and participation with the educators. North America, especially the U.S. and Canada, is expected to integrate LMS solutions to increase collaboration in the learning environment and taking initiatives to renovate the ineffectiveness of conventional learning methods. Moreover, the implementation rate in North America is considerably much higher as compared to other regions, as enterprises here are more open and receptive to the implementation of such solutions.
Key LMS Market Players
The LMS market comprises major solution providers, such as Cornerstone OnDemand (US), Blackboard (US), Saba Software (Canada), D2L Corporation (Canada), Adobe Systems US), CrossKnowledge (US), Oracle (US),SAP SE (Germany), Docebo (Canada), Schoology (US), IBM (US), Epignosis (US),MPS Interactive (India), Pearson PLC (UK), McGraw Hill (US), SumTotal Systems LLC (US), Absorb Software LLC (Canada), Instructure Inc (US), iSpring Solutions, Inc. (US), G-Cube (India), Latitude CG, LLC (US), UpsideLMS (India), Paradiso (US), SkyPrep Inc (Canada), and Knowledge Anywhere (US). For instance, in the last few years, Blackboard has undertaken many acquisitions to speed up its overall performance in the market. It has recently acquired companies including Fronteer, a UK-based education technology company and Sequoia Retail Systems, a Point of Sale (POS) solution provider. It has partnered and collaborated with companies such as Moodle, VitalSource, B Human, and IBM to enhance its product offerings. These strategies have helped the company to enhance its product portfolio and led to a high rate of organic growth. The company is also following the horizontal integration strategy by launching new products and services. Blackboard focuses on R&D to bring new products and services in the market
The study includes an in-depth competitive analysis of these key players in the LMS market with their company profiles, recent developments, and key market strategies.
The scope of the LMS Market report
|
Report Metric |
Details |
|
Market size available for years |
2016–2023 |
|
Base year considered |
2017 |
|
Forecast period |
2018–2023 |
|
Forecast units |
Million (USD) |
|
Segments covered |
Component, Delivery Mode, Deployment Mode, User Type, and Region |
|
Geographies covered |
North America, Europe, APAC, Latin America, and the MEA |
|
Companies covered |
Cornerstone OnDemand (US), Blackboard (US), Saba Software (Canada), D2L Corporation (Canada), Adobe Systems US), CrossKnowledge (US), Oracle (US),SAP SE (Germany), Docebo (Canada), Schoology (US), IBM (US), Epignosis (US),MPS Interactive (India), Pearson PLC (UK), McGraw Hill (US), SumTotal Systems LLC (US), Absorb Software LLC (Canada), Instructure Inc (US), iSpring Solutions, Inc. (US), G-Cube (India), Latitude CG, LLC (US), UpsideLMS (India), Paradiso (US), SkyPrep Inc (Canada), and Knowledge Anywhere (US) |
This research report categorizes the LMS market based on component, delivery mode, deployment mode, user type, and regions.
Based on the component, the LMS market has been segmented as follows:
- Solution
- Services
- Support Services
- Implementation Services
- Consulting Services
Based on the delivery mode, the LMS market has been segmented as follows:
- Distance Learning
- Instructure Led Training
- Blended Learning
Based on the deployment mode, the LMS market has been segmented as follows:
- Cloud
- On-premises
Based on the user type, the LMS market has been segmented as follows:
- Academic
- K-12
- Higher Education
- Corporate
- Software and Technology
- Healthcare
- Retail
- BFSI
- Manufacturing
- Government and Defense
- Telecom
- Others (Energy and Utilities, Transportation and Logistics, and Travel and Hospitality)
Based on region, the LMS market has been segmented as follows:
- North America
- Europe
- APAC
- Latin America
- MEA
Key Questions addressed by the report:
- Define, describe, and forecast the LMS market based on component, delivery mode, deployment mode, user type, and regions.
- Detailed analysis of the market’s subsegments with respect to individual growth trends, prospects, and contributors to the total market.
- Revenue forecast of the market’s segments with respect to 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Latin America and the MEA.
- Detailed analysis of the competitive developments, such as mergers and acquisitions, new product developments, and business expansion activities, in the market.
- Analysis of the major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 18)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.4 Years Considered for the Study
1.5 Stakeholders
2 Research Methodology (Page No. - 21)
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primaries
2.2 Market Size Estimation
2.3 Market Forecast
2.4 Assumptions for the Study
2.5 Limitations of the Study
3 Executive Summary (Page No. - 30)
4 Premium Insights (Page No. - 34)
4.1 Attractive Market Opportunities in the LMS Market
4.2 Learning Management System Market in North America, By User Type and Country
4.3 Market Investment Scenario
5 LMS Market Overview and Industry Trends (Page No. - 36)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Adoption of Digital Learning
5.2.1.2 Growing Inclination Toward Byod Policy and Enterprise Mobility
5.2.1.3 Extensive Government Initiatives for Growth of LMS
5.2.1.4 Growing Use of AI and Ml in LMS
5.2.1.5 Increasing Significance of Elearning in Corporate and Academic Setups
5.2.2 Restraints
5.2.2.1 Low Motivation and Engagement to Adopt LMS Solutions
5.2.3 Opportunities
5.2.3.1 Increase in Demand for Gamification in LMS to Provide Opportunities for LMS Vendors
5.2.3.2 Rise in Cloud Adoption Among Organizations and Institutes to Motivate Learners to Adopt Web-Based LMS Solutions
5.2.3.3 Rapid Demand for Collaborative Learning in LMS to Provide Opportunities for Trainees
5.2.4 Challenges
5.2.4.1 Lack of Technical Support Post Implementation of LMS
5.2.4.2 Lack of Skilled Trainers and Instructors
5.3 Learning Management System Architecture
5.4 Industry Standards and Regulations
5.4.1 Aviation Industry Computer-Based Training Committee
5.4.2 Learning Tools Interoperability
5.4.3 Shareable Content Object Reference Model
5.4.4 Australian Education Act
5.4.5 Education Services for Overseas Students Act
5.4.6 Common Cartridge
5.4.7 Experience API
5.5 Use Cases
5.5.1 Use Case 1: Cornerstone
5.5.2 Use Case 2: Blackboard
5.5.3 Use Case 3: Instrucutre Inc
5.5.4 Use Case 4: Disprz
6 LMS Market By Component (Page No. - 45)
6.1 Introduction
6.2 Solution
6.2.1 Continuous Innovation in eLearning Tools
6.3 Services
6.3.1 Consulting Services
6.3.1.1 Rising Pressure on Organizations to Stay Competitive in Their Respective Markets
6.3.2 Implementation Services
6.3.2.1 The Need to Enable Enterprises to Customize, Implement, and Configure LMS to Match Their Business Needs
6.3.3 Support Services
6.3.3.1 Overall Preference for Support Services to Increase
7 LMS Market By Delivery Mode (Page No. - 52)
7.1 Introduction
7.2 Distance Learning
7.2.1 Teachers Or Instructors to Reach A Large Number of Students Using Distance Learning and Advanced Communication Media
7.3 Instructor-Led Training
7.3.1 Various Aspects of Instructor-Led Training in Organizations Can Be Simplified Using LMS
7.4 Blended Learning
7.4.1 Increased Need to Adopt Blended Learning
8 LMS Market By Deployment Type (Page No. - 57)
8.1 Introduction
8.2 Cloud
8.2.1 Increasing Adoption of Cloud-Based Solutions
8.3 On-Premises
8.3.1 Higher Demand for Security
9 LMS Market By User Type (Page No. - 61)
9.1 Introduction
9.2 Academic
9.2.1 K-12
9.2.1.1 Increasing Awareness About K-12
9.2.2 Higher Education
9.2.2.1 Need to Simplify the Learning Process in Higher Education
9.3 Corporate
9.3.1 Software and Technology
9.3.1.1 Need to Continuously Improve Employees’ Skillsets
9.3.2 Healthcare
9.3.2.1 Need to Keep Healthcare Staff Updated on the Latest Treatments Available and the Upgraded Pharma Products
9.3.3 Retail
9.3.3.1 Increasing Need to Bring Coordination Among Employees Working in Retail Stores
9.3.4 Banking, Financial Services and Insurance
9.3.4.1 The Need to Reduce the Cost of Compliance Management and Keep Employees Updated About New Technologies
9.3.5 Manufacturing
9.3.5.1 The Need to Fulfil the Increasing Demand for Skilled Technicians
9.3.6 Government and Defense
9.3.6.1 to the Need to Provide Training for Employees
9.3.7 Telecom
9.3.7.1 The Need to Enhance the Response of the Telecom Staff
9.3.8 Others
10 LMS Market, By Region (Page No. - 72)
10.1 Introduction
10.2 North America
10.2.1 United States
10.2.1.1 Increasing Adoption of eLearning Platforms
10.2.2 Canada
10.2.2.1 Increasing Awareness of Cloud and Its Benefits
10.3 Europe
10.3.1 United Kingdom
10.3.1.1 The Presence of Well-Established Academic Institutions and Their Adoption of LMS
10.3.2 Germany
10.3.2.1 Existing Cloud Infrastructure to Lead to Easy and Cost-Effective Operations in Online Education
10.3.3 France
10.3.3.1 Increasing Investments in Higher Education
10.3.4 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.1.1 Increasing Number of Government Initiatives to Develop the Training and Development Industry
10.4.2 Japan
10.4.2.1 Early Adoption Trend of It for Corporate Learning
10.4.3 India
10.4.3.1 The Increasing Need to Promote the Use of Technology in Various Verticals
10.4.4 Rest of Asia Pacific
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 The Need to Gain A Positive Outlook Toward Regulatory Compliances
10.5.2 Africa
10.5.2.1 Increasing Government Initiatives to Boost the Use of LMS Solutions Across the Region
10.6 Latin America
10.6.1 Brazil
10.6.1.1 One of the Fastest-Growing Economies in the Education Industry
10.6.2 Mexico
10.6.2.1 The Need to Become Digitally Advanced and Technically Well-Established
10.6.3 Rest of Latin America
11 Competitive Landscape (Page No. - 97)
11.1 Microquadrant Overview
11.1.1 Visionaries
11.1.2 Innovators
11.1.3 Dynamic Differentiators
11.1.4 Emerging Companies
11.2 Start-Up Microquadrant Overview
11.2.1 Progressive Companies
11.2.2 Starting Blocks
11.2.3 Responsive Companies
11.2.4 Dynamic Companies
11.3 Key Developments
11.4 Competitive Scenario
11.4.1 Partnerships
11.4.2 New Product Launches
11.4.3 Acquisitions
11.4.4 Business Expansions
12 Company Profiles (Page No. - 104)
(Business Overview, Products/Solutions/ Services Offered, Recent Developments, SWOT Analysis, and MnM View)*
12.1 Cornerstone Ondemand, Inc.
12.2 Blackboard
12.3 Saba Software
12.4 D2l Corporation
12.5 Adobe Systems
12.6 Crossknowledge
12.7 Oracle
12.8 SAP
12.9 Docebo
12.10 Schoology
12.11 IBM
12.12 Epignosis
12.13 MPS
12.14 Pearson
12.15 Mcgraw-Hill
12.16 Sumtotal Systems
12.17 Absorb Software
12.18 Instructure
12.19 Ispring Solutions
12.20 (G-Cube)
12.21 Lattitude CG
12.22 Upside LMS
12.23 Paradiso
12.24 Skyprep Inc
12.25 Knowledge Anywhere
*Details on Business Overview, Products/Solutions/ Services Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
13 Appendix (Page No. - 151)
13.1 Discussion Guide
13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.3 Available Customizations
13.4 Related Reports
13.5 Author Details
List of Tables (75 Tables)
Table 1 Factors Analysis
Table 2 LMS Market Size, By Component, 2016–2023 (USD Million)
Table 3 Solution: Market Size By Region, 2016–2023 (USD Million)
Table 4 Services: Market Size By Type, 2016–2023 (USD Million)
Table 5 Services: Market Size By Region, 2016–2023 (USD Million)
Table 6 Consulting Services Market Size, By Region, 2016–2023 (USD Million)
Table 7 Implementation Services Market Size, By Region, 2016–2023 (USD Million)
Table 8 Support Services Market Size, By Region, 2016–2023 (USD Million)
Table 9 LMS Market Size, By Delivery Mode, 2016–2023 (USD Million)
Table 10 Distance Learning: Market Size, By Region, 2016–2023 (USD Million)
Table 11 Instructor-Led Training: Market Size, By Region, 2016–2023 (USD Million)
Table 12 Blended Learning: Market Size, By Region, 2016–2023 (USD Million)
Table 13 LMS Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 14 Cloud: Market Size, By Region, 2016–2023 (USD Million)
Table 15 On-Premises: Market Size, By Region, 2016–2023 (USD Million)
Table 16 User Type: Market Size, By Type, 2016–2023 (USD Million)
Table 17 Academic: Market Size, By Type, 2016–2023 (USD Million)
Table 18 Academic: Market Size, By Region, 2016–2023 (USD Million)
Table 19 K-12: Market Size, By Region, 2016–2023 (USD Million)
Table 20 Higher Education: Market Size By Region, 2016–2023 (USD Million)
Table 21 Corporate: Market Size, By Type, 2016–2023 (USD Million)
Table 22 Corporate: Market Size, By Region, 2016–2023 (USD Million)
Table 23 Software and Technology: Market Size, By Region, 2016–2023 (USD Million)
Table 24 Healthcare: Market Size, By Region, 2016–2023 (USD Million)
Table 25 Retail: Market Size By Region, 2016–2023 (USD Million)
Table 26 Banking, Financial Services and Insurance: Market Size, By Region, 2016–2023 (USD Million)
Table 27 Manufacturing: Market Size, By Region, 2016–2023 (USD Million)
Table 28 Government and Defense: Market Size, By Region, 2016–2023 (USD Million)
Table 29 Telecom: Market Size, By Region, 2016–2023 (USD Million)
Table 30 Others: Market Size, By Region, 2016–2023 (USD Million)
Table 31 LMS Market Size, By Region, 2016–2023 (USD Million)
Table 32 North America: Market Size, By Component, 2016–2023 (USD Million)
Table 33 North America: Market Size, By Service, 2016–2023 (USD Million)
Table 34 North America: Market Size, By Delivery Mode, 2016–2023 (USD Million)
Table 35 North America: Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 36 North America: Corporate LMS Market Size, By User Type, 2016–2023 (USD Million)
Table 37 North America: Market Size, By Academic Type, 2016–2023 (USD Million)
Table 38 North America: Market Size, By Corporate Type, 2016–2023 (USD Million)
Table 39 North America: Market Size, By Country, 2016–2023 (USD Million)
Table 40 Europe: LMS Market Size, By Component, 2016–2023 (USD Million)
Table 41 Europe: Market Size, By Service, 2016–2023 (USD Million)
Table 42 Europe: Market Size, By Delivery Mode, 2016–2023 (USD Million)
Table 43 Europe: Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 44 Europe: LMS Market Size, By User Type, 2016–2023 (USD Million)
Table 45 Europe: Market Size, By Academic Type, 2016–2023 (USD Million)
Table 46 Europe: Market Size, By Corporate Type, 2016–2023 (USD Million)
Table 47 Europe: Market Size, By Country, 2016–2023 (USD Million)
Table 48 Asia Pacific: LMS Market Size, By Component, 2016–2023 (USD Million)
Table 49 Asia Pacific: Market Size, By Service, 2016–2023 (USD Million)
Table 50 Asia Pacific: Market Size, By Delivery Mode, 2016–2023 (USD Million)
Table 51 Asia Pacific: Market Size, By Deployment Type, 2016–2023 (USD Million)
Table 52 Asia Pacific: LMS Market Size, By User Type, 2016–2023 (USD Million)
Table 53 Asia Pacific: Market Size, By Academic Type, 2016–2023 (USD Million)
Table 54 Asia Pacific: Market Size, By Corporate Type, 2016–2023 (USD Million)
Table 55 Asia Pacific: Market Size, By Country, 2016–2023 (USD Million)
Table 56 Middle East and Africa: LMS Market Size, By Component, 2016–2023 (USD Million)
Table 57 Middle East and Africa: Market Size By Service, 2016–2023 (USD Million)
Table 58 Middle East and Africa: Market Size By Delivery Mode, 2016–2023 (USD Million)
Table 59 Middle East and Africa: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 60 Middle East and Africa: Market Size By User Type, 2016–2023 (USD Million)
Table 61 Middle East and Africa: Market Size By Academic Type, 2016–2023 (USD Million)
Table 62 Middle East and Africa: Market Size By Corporate Type, 2016–2023 (USD Million)
Table 63 Middle East and Africa: Market Size By Country, 2016–2023 (USD Million)
Table 64 Latin America: LMS Market Size, By Component, 2016–2023 (USD Million)
Table 65 Latin America: Market Size By Service, 2016–2023 (USD Million)
Table 66 Latin America: Market Size By Delivery Mode, 2016–2023 (USD Million)
Table 67 Latin America: Market Size By Deployment Type, 2016–2023 (USD Million)
Table 68 Latin America: Market Size By User Type, 2016–2023 (USD Million)
Table 69 Latin America: Market Size By Academic Type, 2016–2023 (USD Million)
Table 70 Latin America: Market Size By Corporate Type, 2016–2023 (USD Million)
Table 71 Latin America: Market Size By Country, 2016–2023 (USD Million)
Table 72 Partnerships, 2017–2018
Table 73 New Product/Service Launches and Product Enhancements, 2016–2018
Table 74 Acquisitions, 2018
Table 75 Business Expansions, 2015–2018
List of Figures (39 Figures)
Figure 1 LMS Market: Research Design
Figure 2 Breakup of Primary Participants’ Profiles: By Company, Designation, and Region
Figure 3 Data Triangulation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 LMS Market 2016–2023
Figure 7 Cloud Deployment Type Accounted for A Larger Share in 2018
Figure 8 Instructor-Led Training Segment to Hold the Highest Market Share in 2018
Figure 9 North America to Account for the Highest Market Share in 2018
Figure 10 Increasing Adoption of Digital Learning and Growing Inclination for Byod Policy to Drive the Market Growth During the Forecast Period
Figure 11 Academic User Type and the US to Account for the Highest Market Shares in 2018
Figure 12 Asia Pacific to Emerge as the Best Market for Investments in the Next 5 Years
Figure 13 Drivers, Restraints, Opportunities, and Challenges: LMS Market
Figure 14 Solution Segment to Account for A Higher Market Share During the Forecast Period
Figure 15 Implementation Services Segment to Dominate the Market During the Forecast Period
Figure 16 Instructor-Led Training Segment to Dominate the Market During the Forecast Period
Figure 17 Cloud Segment to Dominate the Market During the Forecast Period
Figure 18 Academic Segment to Dominate the Market During the Forecast Period
Figure 19 Asia Pacific to Exhibit the Highest Growth Rate During the Forecast Period
Figure 20 North America: Market Snapshot
Figure 21 Asia Pacific: Market Snapshot
Figure 22 Market (Global), Competitive Leadership Mapping, 2018
Figure 23 LMS Market (Global), Competitive Leadership Mapping, Startup Companies, 2018
Figure 24 Key Developments in the LMS Market (2016–2018)
Figure 25 Market Evaluation Framework, 2015–2018
Figure 26 Cornerstone Ondemand: Company Snapshot
Figure 27 SWOT Analysis: Blackboard
Figure 28 Adobe Systems: Company Snapshot
Figure 29 SWOT Analysis: Adobe Systems
Figure 30 SWOT Analysis: Crossknowledge
Figure 31 Oracle: Company Snapshot
Figure 32 SWOT Analysis: Oracle
Figure 33 SAP: Company Snapshot
Figure 34 SWOT Analysis: SAP
Figure 35 IBM: Company Snapshot
Figure 36 MPS Limited: Company Snapshot
Figure 37 Pearson: Company Snapshot
Figure 38 Mcgraw-Hill: Company Snapshot
Figure 39 Instructure: Company Snapshot
The study involved 4 major activities to estimate the current market size for the LMS market. Exhaustive secondary research was done to collect the information on the market, peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of the segments and subsegments.
LMS Market: Secondary Research
In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, and Dun & Bradstreet, have been referred for, to identify and collect information for this study. These secondary sources included annual reports, press releases and investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard and silver standard websites, LMS technology Research and Development (R&D) organizations, regulatory bodies, and databases.
LMS Market: Primary Research
Various primary sources from both the supply and demand-sides of the LMS market ecosystem were interviewed to obtain qualitative and quantitative information for this study. The primary sources from the supply-side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various vendors who provide the LMS software, associated service providers, and system integrators operating in the targeted regions. All possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. Following is the breakdown of primary respondents,
LMS Market Size Estimation
For making market estimates and forecasting the market and the other dependent submarkets, top-down and bottom-up approaches were used. The bottom-up procedure was used to arrive at the overall market size of the LMS market using key companies’ revenue and their offerings in the market. The research methodology used to estimate the market size includes the following:
- The key players in the market have been identified through extensive secondary research.
- The market size, in terms of value, has been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
With data triangulation and validation through primary interviews, the exact value of the overall parent market size was determined and confirmed using this study. The overall market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.
Report Objectives
- To define, describe, and forecast the LMS market based on component, delivery mode, deployment mode, user type, and regions
- To provide detailed information related to the major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
- To analyze the market’s subsegments with respect to the individual growth trends, prospects, and contributions to the total market
- To analyze opportunities in the market for stakeholders and provide the competitive landscape of the market
- To forecast the revenue of the market’s segments with respect to 5 major regions, namely, North America, Europe, Asia Pacific (APAC),Latin America, and the MEA
- To profile the key players and comprehensively analyze their recent developments and positioning in the LMS market
- To analyze the competitive developments, such as mergers and acquisitions, new product developments, and R&D activities in the market
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
- Product matrix gives a detailed comparison of the product portfolio of each company
Company Information
- Detailed analysis and profiling of additional market players up to 5
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the LMS Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
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Growth opportunities and latent adjacency in LMS Market