Table of Contents
How big is the learning management system market?
The global learning management system market size was valued at USD 1.2 Billion in 2020 and is projected to hit USD 3.6 Billion by 2027,at a Compound Annual Growth Rate (CAGR) of 20.76\% from forecast period 2020 to 2027.
How many LMS are available?
By our estimates, more than 800 LMS vendors compete in today’s learning platforms marketplace in 2019 (up from 600 we originally tracked in 2014). These LMS vendors range from global software companies to tiny cloud vendors.
How many people use learning management systems?
Currently, the number of LMS users is estimated at 73.8 million. Nearly 87\% of active users have web-based LMS programs. The primary participants in learning management systems are corporate-level executives (65\%) and managers (35\%). 37\% of LMS users are adults, 28\% are young.
Why are schools switching canvas?
Like many other colleges and universities that have selected Canvas as an LMS, the system’s user-friendly layout, communication capacities, and ability to easily handle audio and video uploads were cited as motivating factors for the move.
What is the market size of LMS market?
Learning Management System (LMS) Market was valued at $4,396 million in 2016, and is estimated to reach $15,391 million by 2023, growing at a CAGR of 20.0\% from 2017 to 2023.
What is driving the Learning Management System (LMS) market growth?
The learning management system (LMS) market is expected to witness market development in the coming years, due to increase in expenditure on IoT technology by several governments in regions such as North America, Europe, and Asia-Pacific. In-depth analysis of the global LMS market and its dynamics are provided to understand the market scenario.
What is the market size of e-learning in 2020?
The market size of e-learning surpassed USD 250 billion in 2020 and will witness a CAGR of over 21\% through 2027. What will drive the market size of e-learning? The introduction of advanced technologies including VR, cloud-based LMS and AI will drive the market growth.
What are the benefits of LMS technology for universities?
The cloud computing-based LMS technology enables universities to build a virtual environment both for educators and learners. The technology also offers enhanced data security to universities with automatic upgrades & updates, fast deployment capabilities, and better encryption for online transactions.