Corporate Learning Management System Market

Market Leader - Corporate Learning Management System Market

Corporate Learning Management System (LMS) is a software application used for planning, delivering, managing, and assessing a learning process. It offers a significant opportunity to learners for social learning, knowledge collaboration, and information sharing. Corporate LMS is a subcategory of an LMS and efficiently creates an online learning platform through which employees can select courses that interest them, and organizations can track the employee development based on the course history. This authoritative software integrates, records, and manages with the digital structure of the organization to handle programs, training materials, and assessment tools. MarketsandMarkets expects the corporate LMS market size to grow from USD 2.06 Billion in 2018 to USD 7.12 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 28.2% during the forecast period.

The traditional and emerging market players include Absorb Software (Canada), Adobe Systems (US), Blackboard (US), Cornerstone OnDemand (US), CrossKnowledge (US), CYPHER LEARNING (US), D2L (Canada), Docebo (Canada), Epignosis (US), Expertus (US), G-Cube (India), Geenio (Cyprus), Growth Engineering (UK), IBM (Kenexa; US), Instructure (Bridge; US),  iSpring (US), Latitude CG (US), LearnUpon (Ireland), Mindflash (US), Oracle (US), Saba Software (US), SAP (Germany), Schoology (US), SumTotal Systems (US), Tata Interactive Systems (India), and Upside Learning (UpsideLMS; India). These players have adopted various strategies, such as partnerships, collaborations, agreements, acquisitions, and new product launches, to achieve growth in the global corporate LMS market.

SAP is a market leader in the enterprise application software. The company has adopted a balanced growth strategy that includes developing new and innovative enterprise solutions, forming partnerships and collaborations, undertaking mergers and acquisitions, and conducting business expansions. For instance, in April 2018, SAP acquired Callidus Software to strengthen its customer experience solution and LMS offerings.

CrossKnowledge is a pioneering vendor of digital learning solutions. The company majorly focuses on R&D activities to develop innovative products and solutions. CrossKnowledge was acquired by John Wiley & Sons, a provider of content and solutions, in 2014. Post-acquisition, CrossKnowledge incorporated the capabilities and experience of John Wiley & Sons into its product portfolio. The company has also partnered with Coursera to develop enhanced solutions in the learning management sector.

Related Reports:

Corporate Learning Management System Market by Component (Solutions (Standalone Solution and Integrated Solution) and Services), Delivery Mode, Organization Size, Deployment Type (On-premises and Cloud), Vertical, and Region - Global Forecast to 2023

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Report Code
TC 6239
RI Published ON
5/3/2018
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