The learning management systems (LMS) market has been forecast to reach a market value of $7.83 billion by 2018, increasing at a compound annual growth rate (CAGR) of 25.2% over the next five years.
The overall size of the LMS market is equal to the sum of the revenues from academic and corporate users of LMS.
A Learning Management System (LMS) is a software application for the administration, documentation, tracking, reporting and delivery of e-learning education courses or training programs.
LMSs range from systems for managing training and educational records to software for distributing online or blended/hybrid college courses over the Internet with features for online collaboration.
LMSs are used to deliver online courses and augment on-campus courses through the majority of universities and colleges.
Corporate training departments use LMSs to deliver online training, as well as automate record-keeping and employee registration.
Though compliance issues confine the integration of LMS into the training and development processes, academic and corporate organisations are gradually realizing the benefits of continuous and flexible learning.
The global adoption scenario of LMS across various verticals including academia for executing learning programs is an indication of its optimistic growth in future. The LMS applications are well marketed by educationists and early adopters advocating the benefits of this web-based application.
Blackboard leads the higher education sector of the global LMS market with 51% market share, with Moodle (19%) and Desire2Learn (11%) being the next two largest providers.
Many online colleges and universities are eCollege customers. In the corporate market, the six largest LMS providers constitute approximately 50% of the market, with SuccessFactors Learning, Saba Software and Sumtotal Systems being the three largest providers.
In addition to the remaining smaller LMS product vendors, training outsourcing firms, enterprise resource planning vendors, and consulting firms all compete for part of the learning management market.
For more information on the LMS market, see the latest research: Learning Management Systems Market
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