Technavio, a tech-focused market research firm, has published a new report on the global corporate LMS market, which is expected to grow at a CAGR of more than 22% during the forecast period, 2017-2021.
Based on geographical segmentation, Technavio market researchers categorize the global corporate LMS market into the following key regions: APAC, Europe, North America, and ROW.
Source: Technavio
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Top three contributors for the global corporate LMS market are elaborated below
Corporate LMS market by North America: The market for corporate LMS in North America is led primarily by the US. The market in this region is projected to experience moderate growth during the forecast period owing to the presence of multinational companies and other large organizations in the region that need corporate training solutions.
According to Jhansi Mary, a lead analyst at Technavio, specializing in research on education technology, “Organizations have started incorporating social media platforms such as Twitter and LinkedIn into their learning environments. Learning through social networks enables employees to create a network for knowledge sharing.”
Corporate LMS market in Europe: The market in Europe is driven by increased investments made by organizations in LMS services for the training of their employees and improving business productivity and efficiency. The trend of adopting advanced LMS solutions is especially prominent in countries such as the UK, Germany, and France.
Corporate LMS market in APAC: Among all the geographical segments of the global corporate LMS market, APAC is projected to experience the fastest growth over the next four years. The presence of a large number of MNCs in the region will be the primary driving force behind the demand for corporate LMS in APAC. The rise in the use of smartphones, tablets, and laptops is also expected to be an incentive for the growth of the corporate LMS market in APAC during the forecast period.
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Top vendors operating in the global corporate LMS market are:
- Cornerstone OnDemand
- Oracle
- SAP
- Skillsoft
Other prominent vendors in the market include Aptara, Articulate, City & Guilds Group, Desire2Learn, Docebo, Saba Software, Schoology, and Tata Interactive Systems.
A more detailed analysis is available in the Technavio report titled, ‘Global Corporate LMS Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Soft Skills Training Market 2016-2020
- Global Corporate M-learning Market 2016-2020
- Global Corporate E-learning Market 2016-2020
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