Global Corporate Learning Management System Market

Corporate Learning Management System Market: Insights

The system of corporate learning management is the type of system that companies prefer to teach their employees. It offers numerous online materials so that it can manage the progress of employees easily and control their performance. Moreover, it can evaluate gap analysis skills by offering pre-testing. During the forecast era, the growing acceptance of digital learning and the increasing importance of eLearning in corporate and academic settings are expected to help market growth. The rising number of BYOD and corporate mobility, the focus on continuous learning, and ongoing innovation in e-learning platforms are factors propelling the growth of the market for the enterprise learning management system. Furthermore, increasing demand for interactive learning in LMS to provide options for trainees, advanced and automated learning analytics, and artificial intelligence in eLearning solutions are expected to create lucrative opportunities between 2021 and 2026 for market growth.

Corporate Learning Management System Market: By Type of Component

The two distinct categories of components of the corporate learning management system are services and solutions. Over the projected timeline, the services segment will grow at a fast CAGR rate. Implementation services enable corporations to customize, incorporate, and configure an LMS based on their business needs. They enable organizations to optimize an LMS solution that fits the workflow and user hierarchy of the organization-specific training, therefore enhancing the delivery and efficiency of the training provided.

Corporate Learning Management System Market: By Deployment Model

The two distinct forms of deployment mode are cloud and on-premise. The cloud deployment type was the largest market shareholder in terms of revenue generation in 2019. The cloud type is flexible, highly scalable, and cost-effective, and depending on the needs of end-users offers a pay-per-use model.

Corporate Learning Management System Market: By Delivery Mode

Instructor-led training, blended learning, and distance learning are the three different aspects of the delivery mode. The instructor-led training was the largest market shareholder in terms of revenue generation in 2019. Instructor-led learning is a learning process where one person (instructor) plays a main role in the learning process by providing the other learners with guidance. To educate their staff, most corporate organizations follow the teacher-led training process; where experienced employees typically take the role of the instructor, while a learner's role is relatively less experienced employees.

Corporate Learning Management System Market: By Vertical

Healthcare, government and defense, BFSI, software and technology, manufacturing, retail, and telecom, among others are the different verticals of the market. The software and technology segment is expected to dominate the market over the expected timeline. Companies in software and technology experience higher training requirements for their staff, as technology in this vertical shift is much faster than any other vertical shift, and organizations need to be competitive. As vertical software and technology, companies undergo rapid changes and advances in technology.

Learning Management System Market: By Region

The dominant market segment as per revenue generation is held by the North American region. This is due to the technological advancement in learning methodologies, increasing acceptance of handheld devices, and increasing research and development investments. The U.S. and Canada are expected to incorporate LMS solutions to improve cooperation in the learning process and to take initiatives to reinforce the ineffectiveness of traditional learning methods. On the other hand, owing to the acceptance of IT for corporate learning, the Asia Pacific region will be the fastest-growing region. The increasing acceptance of modernized education models, coupled with the government policies to develop the education system, is likely to fuel market demand for the corporate learning management system.

Corporate Learning Management System Market: Share & Competitor Analysis

Adobe Systems, Crossknowledge, SAP, D2L, Saba Software, Sumtotal Systems, A Skillsoft Company, Absorb Software, Epignosis, IBM (Kenexa), Ispring, Geenio, Latitude CG, Mindflash, Blackboard, Oracle, Cornerstone Ondemand, Docebo, Schoology Tata Interactive Systems, Cypher Learning, Expertus, Instructure (Bridge), G-Cube, Growth Engineering, LearnUpon, and Upside Learning (Upsidelms), among others are the major players competing in the corporate learning management system market.

Please note: This is not an exhaustive list of companies profiled in the report.

In April 2020, Blackboard introduced Blackboard Unite for K-12, a new remote learning solution. It is a comprehensive set of tools and services which will include the tools and industry standards needed to turn K-12 districts into a digital model of learning.

In March 2020, D2L partnered with Bayfield Design. The organization is active in online content production and creative services on Covid-19.