Learning Management System Market

Learning Management Systems (LMS) - demand for continuous and self-paced learning environments

The increase in requirements for personalized and sophisticated learning practices to enable continuous learning has been a challenge for most of the Learning Management Systems (LMS) providers. Even with the solution providers designing feature-rich LMS applications with robust capabilities, the selection and deployment of a learning management solution is critical to the success of an organization. The LMS providers are strengthening their market position through mergers and acquisitions, and are investing heavily in new technologies to address the increase in demand for LMS applications.

The increase in requirements for personalized and sophisticated learning practices to enable continuous learning has been a challenge for most of the Learning Management Systems (LMS) providers. Even with the solution providers designing feature-rich LMS applications with robust capabilities, the selection and deployment of a learning management solution is critical to the success of an organization. The LMS providers are strengthening their market position through mergers and acquisitions, and are investing heavily in new technologies to address the increase in demand for LMS applications.

Due to the surging demand for continuous and self-paced learning environments, education technology providers are designing cloud-based learning environment, empowering the organizations to focus on delivery of effective training and development practices by offloading the burden of maintenance of LMS to the vendors. LMS solutions are designed to address the needs of flexible and holistic learning in heterogeneous environments to create a more engaging and personalized learning environment, hence supporting organizations to effectively manage capabilities and deal with skill imbalance challenge.

The LMS solutions have existed since the 1990s and its adoption is proliferating with the availability of Software as a Service (SaaS) deployment model designed by blending cloud technology and traditional learning management solutions. The technology is very well-positioned to provide various opportunities such as customization and integration of LMS in the existing learning and development framework; and is expected to provide fiscal benefits with reduced Information Technology (IT) resources and infrastructure.

The LMS applications also bring in a paradigm shift by supporting the non-technical users to develop, deliver, evaluate and manage the learning process with a simple and interactive user interface. The SaaS deployment of LMS supports multi tenancy, and brings in economies of scale delivered through adoption of cloud technology. It is one of the revolutionary technologies which are currently being used by organizations keen to employ industry best practices and extend support to external customers and distant learners.

Related Report:

Learning Management Systems (LMS) Market [Products (Content Management, Student Management, Performance Management, Collaboration, Administration), by Users (K-12, Higher Education, Corporate)]: Worldwide Market Forecasts and Analysis (2013 - 2018)
https://www.marketsandmarkets.com/Market-Reports/learning-management-systems-market-1266.html

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Report Code
TC 2142
Published ON
Jul, 2016
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