Dublin, Sept. 02, 2022 (GLOBE NEWSWIRE) — The “Learning Management System (LMS) Global Market Report 2022: By Component, Delivery Mode, Deployment Mode, End User, and Covering” report has been added to ResearchAndMarkets.com’s offering.
The global learning management system (LMS) market is expected to grow from $13.46 billion in 2021 to $15.77 billion in 2022 at a compound annual growth rate (CAGR) of 17.1%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic. The market is expected to reach $29.35 billion in 2026 at a CAGR of 16.8%.
The main types of components in learning management system (LMS) are solutions and services. Learning management system (LMS) services include strategy development, design, development, and support, which are enabled and used as needed by the LMS. The different delivery modes include distance learning, instructure LED training, blended training and is deployed in various modes such as cloud, on-premises. It is implemented in several verticals such as academic and corporate.
North America was the largest region in the learning management system market in 2021. Asia Pacific is expected to be fastest growing region in the forecast period. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The use of artificial intelligence is a key trend gaining…
