Leading Companies in Learning Management System Industry - Anthology (US) and Cornerstone OnDemand (US)
The Learning Management System Market is expected to grow at a Compound Annual Growth Rate (CAGR) of 18.6% during the forecast period, from USD 22.1 billion by 2023 to USD 51.9 billion by 2028. The need to enable enterprises to customize, implement, and configure learning management solutions to match business needs is expected to drive the adoption of learning management solutions during the forecast period.
Major vendors in this market are in North America, Europe, and the Asia Pacific region. They are among the leading players operating in the Learning Management System Market. These players have adopted various growth strategies to strengthen their position in the market. These include product launches, contracts, partnerships, mergers and acquisitions, and new product development activities to expand market presence.
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CORNERSTONE ONDEMAND
Cornerstone offers a wide range of solutions in the LMS market, including Saba Learning, Cornerstone Xplore, and Cornerstone LMS. These solutions help organizations manage and train their employees. The company provides performance and learning products to drive education and development programs and measure the performance of individuals and groups. In addition, the company offers consulting services to assist clients in selecting and implementing the most suitable solution that meets their enterprise requirements. Cornerstone has experienced steady growth in the LMS market by implementing various organic and inorganic strategies. The company has consistently invested a significant portion of its revenue in research and development activities, enabling the development of new products and solutions. In November 2021, Cornerstone launched Cornerstone Xplore, a unique learning experience that offers a highly personalized approach to learning, enabling employees to learn at their own pace.
ANTHOLOGY
Anthology is a company that offers software and services for higher education, providing solutions for academic management, student engagement, and institutional effectiveness. The company was rebranded to Anthology in 2020, previously known as Campus Management International Private Limited. The company's products cover many areas, including student information systems, learning management systems, constituent relationship management, and analytics tools. Anthology aims to support institutions in enhancing student success, streamlining administrative processes, and driving positive outcomes in higher education. In October 2021, Anthology and Blackboard Inc., a leading global EdTech software and solutions company, completed their partnership. Anthology provides a comprehensive range of education solutions that cater to various aspects, such as student information management, learning management, and student engagement, which makes it a go-to platform for educational institutions. Anthology has formed strategic partnerships and acquisitions to expand its offerings and keep up with the rapidly evolving education technology industry. Anthology effectively leverages technology by integrating AI, analytics, and other advanced tools to improve the effectiveness and efficiency of its solutions.
Related Reports:
Learning Management System Market by Offering (Solutions, Services), Delivery Mode (Distance Learning, Instructor-led Learning, Blended Learning), Deployment Type, Organization Size, Application Area, User Type and Region - Global Forecast to 2028
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