Market Highlights: —
Corporate learning management systems are used in large enterprises to educate and train employees with the help of e-learning as well as traditional teaching methods. They are also used for external customer training. The global corporate learning management system market is poised to witness a remarkable CAGR of 27% and is likely to attain a valuation of USD 7 Bn over the forecast period of 2018-2023, reveals Market Research Future (MRFR) in a detailed study.
To sustain the fierce competition, corporate learning management system, vendors are offering advanced capabilities as a part of their service offerings which further accelerate adoption and consequently augment the growth of the market. Such advanced features include social media integration, blended learning support, virtual reality headset, gamification tools, live webinar learning, and others.
The new paradigm of learning in the flow of work has been adopted by businesses of all sizes which along with the growing shift towards online learning has created growth opportunities for the global corporate learning management system market. The emergence of Massively Open Online Courses (MOOCs) has been a plus for the growth of the market.
On the contrary, lack of awareness regarding corporate learning management software and high costs associated with such solutions are likely to restrain the growth of the global corporate learning management software market. Nevertheless, the introduction of AI technology in e-learning solutions is expected to provide lucrative growth opportunities to the market.
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Major Key players:
• Absorb Software (Canada),
• Adobe Systems (US),
• Blackboard Inc. (US),
• CrossKnowledge (US),
• D2L (Canada),
• Growth Engineering (UK),
• IBM Corporation (US),
• iSpring Suite (US),
• Oracle Corporation (US),
• SAP SE (Germany)
Other players in market include Cornerstone OnDemand (US), Tata Interactive Systems (India), Upside Learning (India), Epignosis (US), Geenio (Cyprus), Instructure Inc. (US), G-Cube (India), Docebo LMS (Canada), Saba Software (US), Expertus inc. (US), LearnUpon (Ireland), Mindflash Technologies Inc. (US), SumTotal Systems (US), Cypher Learning (US), Latitude CG (US), and Schoology Corporation (US) among others.
In January 2019, Anvia Holdings Corporation, a company which offers consulting, training, and coaching software solutions announced the acquisition of all the issued and outstanding shares of All Crescent Sdn Bhd, a company which specializes in the IoT. Through the acquisition, the former company will also acquire technology assets of the company such as learning management systems, digital content and exclusive license with government funding for semiconductor industry technical training.
The corporate learning management system market has been segmented based on component, delivery mode, organization size, deployment type, and vertical.
By component, the global corporate learning management system market has been segmented into solutions and services. The solutions segment has been further segmented into standalone solution and integrated solution. The services segment has been further segmented into consulting services, implementation services, and support services.
By delivery mode, the global corporate learning management system market has been segmented into distance learning, instructor-led training, and blended learning.
By organization size, the global corporate learning management system market has been segmented into large enterprises and small and medium scale enterprises (SME’s).
By deployment type, the global corporate learning management system market has been segmented into on-premises and cloud.
By vertical, the global corporate learning management system market has been segmented into BFSI, IT & telecom, healthcare, retail, manufacturing, government & defense, and others.
By region, the global corporate learning management system market has been segmented into North America, Europe, Asia-Pacific, and the Rest of the world. North America is expected to dominate the global corporate learning management system market over the forecast period. High adoption of e-learning tools and technical advancements in learning methods augur the growth of the North America market. Additionally, the concentration of major corporations in the region generates high demand for corporate learning management systems. APAC is anticipated to showcase high growth over the forecast period. Broad customer base and expansion in the field of IT & telecom support the growth of the APAC market.
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• Corporate LMS vendors
• Learning hardware and service providers
• Software providers
• eLearning course providers
• System integrators
• System administrators
• Internet Service Providers (ISPs)
• Corporate trainers
• Compliance regulatory authorities
• Cloud Service Providers (CSPs)
• Government authorities
LIST OF TABLES
Table 1 Global Corporate Learning Management System Market: By Region, 2018–2023
Table 2 North America: Corporate Learning Management System Market, By Country, 2018–2023
Table 3 Europe: Corporate Learning Management System Market, By Country, 2018–2023
Table 4 Asia-Pacific: Corporate Learning Management System Market, By Country, 2018–2023
Table 5 Middle East & Africa: Corporate Learning Management System Market, By Country, 2018–2023
Table 6 Latin America: Corporate Learning Management System Market, By Country, 2018–2023
LIST OF FIGURES
FIGURE 1 Global Corporate Learning Management System market segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis of Global Corporate Learning Management System Market
FIGURE 4 Value Chain of Global Corporate Learning Management System Market
FIGURE 5 Share of Global Corporate Learning Management System Market in 2017, by country (in %)
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Name: abhishek Sawant
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Organization: Market Research Future
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Release ID: 484334