Report : Learning Management System Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Deployment Mode (On-Premise and Cloud), Delivery Mode (Distance Learning, Instructor-Led Training, and Others), and End-User (K-12, Higher Education, and Corporate)
According to our latest market study on ""Learning Management System Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Deployment Mode, Delivery Mode, and End-User,"" the market is projected to reach US$ 50,995.16 million by 2028 from US$ 14,895.17 million in 2021; it is expected to grow at a CAGR of 19.2% from 2021 to 2028.
Open-source learning management system (LMS) platforms are offered free on websites for professional use by educational institutions, including schools, colleges, and universities. These solutions enable institutions to record all data in their systems and manage it. Open-source LMS platforms are generally self-hosted web-based academic solutions with almost all features of well-established educational solutions, such as CAMPUS CAFÉ SOFTWARE and ACADEE SAS. The primary reason for adopting an open-source LMS platform among institutions is the reduced software purchase and implementation cost. The high price of software implementation and future upgrades compel small and medium (SMEs) institutions to adopt freely available solutions. Companies offering an open-source LMS platform include Moodle, Chamilo, Open Elms, and Edmodo. The institutions also eliminate the vendor lock-in period associated with paid LMS platforms by adopting an open-source LMS platform. Thus, open-source LMS platforms restrict the learning management system market growth by lowering the demand for paid software solutions.
In 2020, the COVID-19 pandemic positively impacted the learning management system market due to an increase in e-learning across several countries. For instance, according to the World Economic Forum report of April 2020, more than 1.2 billion students in 186 countries were affected by school closures due to the pandemic. In Denmark, students up to the age of 11 are returning to nurseries and schools after initially closing on March 12, 2020. However, in South Korea, students respond to roll calls from their teachers through online platforms. Thus, schools and universities have increasingly adopted the e-learning system since the start of the COVID-19 outbreak. Therefore, the overall impact of the pandemic on the learning management system market in 2020 was positive.
Similarly, from 2021 to 2022, the demand for the LMS platforms increased due to the rising trend of bring your own device (BYOD) among enterprises. The COVID-19 pandemic has created a massive demand for BYOD trend as workers suddenly migrated to remote locations, resulting in new hybrid work environments. Therefore, the growth of the global learning management system market in 2021 and 2022 is expected to be positive.
Key Findings of Study:
The learning management system market is segmented based on deployment mode, delivery mode, end-user, and geography. Based on deployment mode, the learning management system market is segmented into on-premise and cloud. Based on delivery mode, the learning management system market is segmented into distance learning, instructor-led training, and others. Based on end user, the learning management system market is segmented into K-12, higher education, and corporate. Based on geography, the learning management system market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, North America accounted for a significant share of the learning management system market.
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