According to the research report titled ‘Learning Management System (LMS) Market Size By Deployment (Cloud-based, On-premise), By Delivery Mode (Distance Learning, Blended Mode, Instructor-led), By End-user (Corporate [SMEs, Large Enterprises], Academic Institutes [K-12, Higher Education, Vocational Training], Government), By Provider (Content, Services), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2028’, available with MarketStudyReport, global learning management system (LMS) market is reckoned to yield lucrative returns during 2022-2028.

Surging adoption of digital learning solutions, rising demand for content digitalization, amplification of higher education sector & corporate education are factors driving the expansion of global learning management system (LMS) market.

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Besides, supportive government initiatives, and vast internet penetration resulting in mobile learning are further contributing to the development of the industry.

During the COVID-19 pandemic, educational and learning institutes were forced to move to online platforms due to the spread of the virus. This led to an escalation in the demand for LMS solutions and prompted the manufacturers to improve the interface of software for enhanced engagement with the users.

Despite the optimistic outlook, slow internet connection and poor network, coupled with massive costs restricting the implementation in underdeveloped countries are likely to hamper the progress of the business sphere in the forthcoming years.

In terms of delivery mode, the instructor vertical of worldwide learning management system (LMS) industry is projected to develop at 25% CAGR during the analysis period given the rising demand by K-12 and higher-level educational institutes.

Based on deployment, the cloud-based segment is estimated to witness robust growth during the review period, facilitated by ease in management, installation, and access.

Concerning end-user ambit, the SME corporate vertical accounted for a 30% market share in 2021 and is anticipated to register a notable valuation by the end of 2028, owing to the widespread adoption of remote training programs for employees, enabling SMEs to foster segmental expansion.

From the point of view of providers, the content segment is expected to record a y-o-y growth of 20% during the projected timeline, due to integrated offering of gamification & machine learning by service providers to gain a competitive edge in the industry.

Speaking of the geographical terrain, Latin America learning management system (LMS) market is poised to witness a considerable revenue share during the assessment timeframe, backed by the increased penetration of the hybrid model of learning across the region.

Whereas Middle East & Africa market is slated to develop at 25% CAGR, amassing sizable returns by 2028, on account of widespread uptake of such solutions by prominent corporates in the region.

The companies defining the competitive atmosphere of the market are International Business Machines (IBM) Corporation, 360Learning, GoSkills Ltd., Absorb LMS Software Inc., eFront LMS, Adobe LMS, Edmodo, Articulate Global LLC, Docebo, Blackboard Inc., CoreAchieve, Braincert Enterprise LMS, Coassemble, Bridge LMS, and Canvas LMS among others.