Corporate Learning Management System (LMS) Global Market Report 2024

The corporate learning management system (LMS) market size has grown exponentially in recent years. It will grow from $9.92 billion in 2023 to $12.25 billion in 2024 at a compound annual growth rate (CAGR) of 23.4%. The growth observed during the historic period can be attributed to several factors, including a focus on talent development and employee engagement, the emergence of blended learning approaches, efforts to reduce costs and improve efficiency, the globalization of workforces, and the adoption of e-learning and digital transformation initiatives.

The corporate learning management system (LMS) market size is expected to see exponential growth in the next few years. It will grow to $28.21 billion in 2028 at a compound annual growth rate (CAGR) of 23.1%. The anticipated growth in the forecast period can be attributed to factors such as vendor consolidation and platform evolution, the emphasis on globalization and multilingual support, integration with HR and talent management systems, the promotion of a continuous learning culture, and a heightened focus on employee well-being. Major trends expected in the forecast period include the incorporation of artificial intelligence (AI) and personalization, the integration of immersive technologies, increased attention to data privacy and security, the adoption of automation and chatbots, and enhanced integration with HR technology.

The projected surge in demand for skill-based and goal-driven training is poised to propel growth within the corporate learning management system (LMS) market in the foreseeable future. Skill-based and goal-driven training methodologies prioritize the development of specific competencies while aligning learning objectives with predetermined organizational goals or outcomes. LMS platforms play a pivotal role in facilitating such training approaches by offering structured frameworks for organizing, delivering, and monitoring learning content tailored to specific skills and objectives. As indicated by a survey conducted by MetLife Inc. in April 2022, 45% of employees expressed a strong desire for employers to prioritize employee development, training, and advancement opportunities in the workplace, marking a substantial increase from the 3% reported in 2020. Consequently, the escalating demand for skill-based and goal-driven training initiatives drives the expansion of the corporate LMS market.

Key players within the corporate learning management system market are strategically prioritizing the integration of technologically advanced tools, such as digital, self-service, and educational resources, to gain a competitive edge. Digital, self-service educational tools encompass online platforms or resources empowering learners to independently access and engage with educational content, fostering a self-directed learning experience. For example, in September 2023, Hermes Logistics Technologies (HLT), a UK-based provider of cargo management systems, unveiled the Hermes Learning Management System (LMS) - a distinctive digital, self-service educational platform. This comprehensive solution houses structured courses, FAQs, instructional videos, and guides, serving as a centralized hub for HLT customers and employees, ensuring consistent and efficient training practices. The LMS aims to bolster staff knowledge, streamline onboarding processes, and optimize software implementations, thereby enhancing operational efficiency and maximizing utilization of the Hermes Cargo Management System (CMS).

In February 2023, GSoft Group Inc., a leading employee experience software provider headquartered in Canada, finalized the acquisition of Didacte for an undisclosed sum. This strategic acquisition is geared towards sustaining GSoft's robust growth trajectory and expanding its product portfolio, ultimately delivering increased value to its clients. Didacte, also based in Canada, specializes in offering a learning management system (LMS) tailored for small and medium-sized businesses (SMBs), aligning closely with GSoft's mission to empower organizations with comprehensive employee experience solutions.

Major companies operating in the corporate learning management system (lms) market report are International Business Machines Corporation, Oracle Corporation, SAP SE, Adobe Systems Incorporated, Xerox Corporation, Aptara Inc., Zoho Corporation Pvt. Ltd., Cornerstone OnDemand Inc., Blackboard Inc., PowerSchool, Seismic Software Inc., HealthStream Inc., D2L Corporation, Paylocity Holding Corporation, Docebo Inc., Paycor HCM Inc., Instructure Inc., G-Cube LMS, Moodle, City and Guilds Group, Axonify Inc., Intellum, Tovuti LMS, iSpring Solutions Inc., Thought Industries, Rustici Software (SCORM Cloud), SkyPrep.

North America was the largest region in the corporate learning management system (LMS) market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the corporate learning management system (lms) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the corporate learning management system (lms) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

A corporate Learning Management System (LMS) is a software platform dedicated to managing and administering training and educational programs within an organization. It acts as a centralized hub for delivering, tracking, and overseeing various learning and development initiatives. The primary objective of a corporate LMS is to facilitate employee training and skill development, ensuring they acquire the necessary knowledge and skills for effective job performance.

The main components of a corporate LMS include solutions and services. Solutions encompass a comprehensive set of hardware and software components designed to address specific business or technical challenges. They aim to help businesses satisfy customers, provide effective training and development services, and maintain competitiveness in the sector. These solutions can be deployed in on-premise and cloud modes, serving various organizational types such as large enterprises and small to medium enterprises. They are utilized across industry verticals, including software and technology, retail, banking, financial services, and insurance (BFSI), manufacturing, telecommunication, government, and defense.

The corporate learning management system (LMS) research report is one of a series of new reports that provides corporate learning management system (LMS) market statistics, including the corporate learning management system (LMS) industry's global market size, regional shares, competitors with an Corporate learning management system (LMS) market share, detailed corporate learning management system (LMS) market segments, market trends and opportunities, and any further data you may need to thrive in the corporate learning management system (LMS) industry. This corporate learning management system (LMS) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The corporate learning management system market includes revenues earned by entities by providing implementation services, customization services, training, and support services. The market value includes the value of related goods sold by the service provider or included within the service offering. The corporate learning management system market also includes sales of servers, storage systems, and network equipment. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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