Learning Management System (LMS) Market to Surge at a CAGR of 17.0% over 2024 to 2032; Growing 5G Technology and Increased Smartphone Usage to Stimulate Market Growth

The global Learning Management System (LMS) Market size was valued at USD 20.33 billion in 2023. The market is anticipated to expand from USD 23.35 billion in 2024 to USD 82.00 billion by 2032, exhibiting a CAGR of 17.0% during the forecast period.

Fortune Business Insights™ presents this information in its report titled “Learning Management System (LMS) Market Size, Share & Industry Analysis, By Component (Solutions and Services), By Deployment (On-Premise and Cloud), By End-user (Academic and Corporate), By Enterprise Type (Small and Medium Enterprises (SMEs) and Large Enterprises, By Delivery Mode (Distance Learning, Instructor-led Training, and Blended Training) and Regional Forecast, 2024 - 2032”.

Increasing demand for interactive learning, including mobile education and online courses, is driving the need for advanced learning management systems. Educational institutions are adopting solutions to enhance teaching effectiveness. The rise of 5G technology and widespread smartphone usage further accelerates the adoption of online education and progress evaluation.

The COVID-19 pandemic compelled educational institutions, such as those in China, to adhere to government directives, mandating the utilization of online learning platforms. This imperative adoption of LMS ensured a smooth transition and uninterrupted learning for students.

Fraud Prevention and Global Scalability to Impel Market Progress

AI-based LMS can detect and prevent fraudulent activities, ensuring a secure online learning environment. This capability supports global scalability, attracting organizations aiming for secure and scalable solutions, thus contributing to the market's expansion.

McGraw Hill Partnered with Edmingle to Launch a Digital Learning Solution for Competitive Exams

In August 2023, McGraw Hill formed a collaboration with EDmingle and introduced ‘McGraw Hill Edge’, an integrated software, capable of guiding students to prepare for competitive exams such as JEE, CAT, CTET, NEET, and UPSC. Edmingle is formulated as an all-encompassing solution, providing businesses the capability to deliver expansive programs while safeguarding data security and incorporating essential features.

Shifting Trend toward Multichannel Learning to Augment Market Growth

The prevalence of millennials in the global workforce is steering the LMS market toward solutions tailored to their preferences, fostering growth as organizations prioritize platforms that resonate with the learning styles of this demographic. Moreover, LMS platforms, offering 24/7 accessibility and customizable training sessions, are meeting the demands of a fast-paced and evolving work culture. This adaptability is a significant driver for market growth as organizations seek versatile solutions to address changing training needs.

However, skepticism among professionals about the ability of LMS to match the effectiveness of traditional education poses a barrier to widespread adoption and impedes learning management system market growth.

Key Industry Participants Focus on Collaborations to Expand their Business Reach 

Market leaders collaborate for advanced analytics, elevating supply chain effectiveness. Persistent product portfolio development with cutting-edge technologies ensures a competitive advantage. Strategic initiatives, including partnerships, acquisitions, and product launches, drive business expansion and distribution network growth. This multifaceted approach maintains robust market growth for key players.

List of Key Players Profiled:

• McGraw Hill (U.S.)


• D2L Corporation (Canada)


• SAP SE (Germany)


• Saba Software (U.S.)


• Absorb LMS Software Inc. (Canada)


• Blackboard Inc. (U.S.)


• Cornerstone OnDemand, Inc. (U.S.)


• Oracle Corporation (U.S.)


• IBM Corporation (U.S.)


• Paradiso Solutions LLC (U.S.)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/learning-management-system-market-101376

Key Industry Development

• June 2023: Open LMS partnered with Copyleaks, an AI-based text analysis and AI-content detection platform. This partnership helps to deliver tools to educators and enterprises to detect fraudulently AI-generated content.

Further Report Findings:

• North America is touted to capture the key learning management system market share. The region's growth is accentuated by widespread digital technology adoption and the prevalence of BYOD practices. This emphasis allows businesses to concentrate on implementing LMS through smartphones, catering to the region's evolving needs in integrated employee training.


• Robust growth in the Asia Pacific learning management system market is driven by India, China, and other countries, actively funding platforms aligned with UGC and NEP compliance, facilitating online training and education initiatives.

Table of Segmentation