DALLAS, TEXAS--(Marketwired - Oct. 29, 2013) - The 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)" by MarketsandMarkets, defines and segments the LMS market into various sub-segments with an in-depth analysis and forecasting of revenues.
Browse 113 market data tables and 56 figures spread through 195 pages and in-depth TOC on "Learning Management Systems (LMS) Market"
MarketsandMarkets broadly segments the LMS market for academic users as K-12 and higher education and for corporate users, by type of end users: Small and Medium Businesses (SMBs) and enterprises; by type of verticals: Banking, Financial Services and Insurance (BFSI), consulting services, government, healthcare, manufacturing, retail, telecommunication, Information Technology (IT) and media, and other sectors. The LMS market is also segmented by type of products: content management, student management, performance management, collaboration, and administration; by type of deployment models: on-premise and Software as a Service (SaaS); and by regions: North America (NA), Europe (EU), Asia-Pacific (APAC), Middle East and Africa (MEA) and Latin America (LA).
Major forces driving this market are the increasing adoption of e-learning, businesses emphasizing on continuous learning practices, accountability mandates, and the market trend of employing cloud technology to streamline the learning process. LMS solutions create economies of scale and make learning and development less costly for organizations.
MarketsandMarkets believes that the need to manage and elevate e-learning process, along with the cost-efficient and effective learning and development programs is manifesting the growth in the Learning Management Systems Market. The convenience of flexible learning and choices for curriculum creation and delivery that LMS provide is expected to bring more demand for the learning management solutions.
MarketsandMarkets forecasts the LMS market to grow from $2.55 billion in 2013 to $7.83 billion in 2018, at a CAGR of 25.2%. In terms of regions, North America is expected to be the biggest market in terms of revenue contribution, while Asia-Pacific and Latin America are expected to experience increased market traction, during the forecast period.
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports & serve as a business intelligence partner to Fortune 500 companies across the world.