London, 23 July 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Learning Management Systems (LMS) Market, which is growing at a CAGR of 23.76 percent from 2013-2018.
Learning management systems are software applications that are used to organize, deliver, and regulate the learning processes. These use web-based technology to formulate and convey content and analyze the performance of students. LMS are being widely implemented by corporations and educational institutions, as more and more training is offered online in order to minimize expenses and increase student and employee output.
Key Market Drivers:
- Increasing Demand for Distance Education
- Increased Focus of Organizations on Eco-friendly Operations
- Increased Adoption of Blended Learning
Key Market Trends:
- Emergence of Mobile Learning
- Introduction of Gamification in LMSs
- Increasing Demand for MOOCs
“The Academic and Corporate sectors worldwide have witnessed significant evolution in the past with the transformation from a traditional manual working environment to a technologically updated learning environment embedded with the latest ICT products and services. Educational institutions and corporations are in the process of adopting global best practices in delivering quality education and training sessions through the enhanced use of IT software, IT hardware, and IT services. Another key driver is the increased focus of organizations on eco-friendly operations,” says Faisal Ghaus, Vice President of TechNavio.
Predicting the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. (Report link)
If you are interested in more information on this topic and our upcoming research on the Global Learning Management Systems (LMS) Market 2014-2018, please send an email to media@TechNavio.com.
- Follow us on Twitter @TechNavio
- Like us on Facebook
- Follow us LinkedIn
- Connect with us on Google+
