Global LMS Market By Type (Asynchronous Learning, Classroom Management, Certification Management, Social Learning, And Skills Tracking), By Application (High Tech, Mobile, Electronic, Others, And ), By Region And Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends And Forecast 2019-2028

Introduction

An LMS (Learning Management System) is a software application for tracking, reporting, documentation, administration, automation, training courses, learning, and development programs. LMS focuses more on corporate learning today even though it first appeared in the education sector. LMS was first introduced in the late 1990s. It was developed to identify learning and training gaps. LMS focuses on online delivery as a platform for both synchronous-based and asynchronous courses. In higher education, LMS offers instructors classroom management. With technological advancements, LMS now available are features such as algorithms to automate recommendations for systems based on individuals.

LMS can be hosted both locally and by a vendor. Locally hosted LMS can only see data hosted on internal servers and is open-source, which implies users acquire the software & its code and can alter and maintain the system by an internal team only. LMS hosted by a vendor follows a Software as a Service (SaaS) model. Data is housed by the vendor and can be accessed by customers through the internet on a smart device, i.e., mobile, laptop, or computer. Individual users and small organizations mostly use cloud-based systems because the costs associated with maintenance and internal hosting are high.

Detailed segmentation is as below:

By Component

• Solutions
• Services
• Support Services
•Implementation Services
•Consulting Services

By Deployment Mode

• Cloud
• On-Premises

By End-Use

• Academic
•K-12
•Higher Education
• Corporate
• Software and Technology
•Healthcare
•Retail
•BFSI
•Manufacturing
•Others

By Region

• North America
•The US
•Canada
•Mexico
• Europe
•Germany
•The UK
•France
•Italy
•Spain
•Russia
•Rest of Europe
• Asia-Pacific
•China
•Japan
•India
•Korea
•Rest of Asia-Pacific
• South America
•Brazil
•Argentina
•Rest of South America
• The Middle East and Africa
•GCC
•Israel
•South Africa
•Rest of MEA

Market Dynamics

Increasing awareness concerning cosmetic procedures clubbed with the increasing demand for cosmetic procedures focusing on body modification are factors expected to augment the economic growth of this market in years to come. The adoption of new technologies which involve minimally invasive procedures, such as the use of lasers to make fine lines, removing wrinkles, etc.; coupled with an increase in the number of road accidents, healthcare spending, as well as booming geriatric populations in both developed and developing nations, are some factors that are expected to boost this market’s revenue growth trajectory. However, the side effects caused by these surgeries in patients with a history of cardiovascular diseases, diabetes, etc., may restrain this market to a certain extent. Furthermore, the number of procedures being performed in North America for breast augmentation, breast lifts, and breast reduction is rising. For instance, according to the American Society of Plastic Surgeons, 193,073 breast augmentation procedures were performed in the US in 2020. This factor is expected to bolster further projected revenues for the global LMS market in the foreseeable future.

Competitive Landscape

Major players in this market are:

Cornerstone OnDemand
Blackboard
D2L Corporation
Adobe Systems
CrossKnowledge
Oracle
SAP SE
Docebo
PowerSchool
IBM
Epignosis
Pearson PLC
McGraw Hill
SumTotal Systems LLC
Absorb Software LLC
iSpring Solutions Inc.
G-Cube
Latitude CG LLC
UpsideLMS
Paradiso

Key Developments:

In March 2019, Zimmer Biomet Holdings Inc. announced they had received the 510(k) clearance for the ROSA ONE Spine System, which is meant for minimally invasive, robotically assisted complex spine surgeries. It became the first company to obtain 510(k) clearance for the ROSA ONE Spine System, which strengthened the company’s comprehensive product portfolio.