The global learning management system (LMS) market is expected to grow at a CAGR of 20.5% from 2019 to reach $28.1 billion by 2025; wherein, the Asia-Pacific region is expected to grow at the fastest CAGR during the forecast period.
Learning management systems (LMS) is a web-based technology that allows managing, planning, evaluating and delivering content for educational courses. This is a software-based platform that provides the necessary framework, infrastructure, and tools which help in providing online training. LMS enables companies and educational institutions to create and manage lessons, courses, and other training materials. LMS is like an engine that powers eLearning and it also helps smoothen the process right from creating to delivering the course. LMS platforms can be used for all kinds of learning activities. A lot of businesses, enterprises, and organizations of all kinds use learning management systems to manage their employee training programs.
Here are the top 10 companies operating in Learning Management System Market–
Founded in 1999 and headquartered at Santa Monica, California, United States; Cornerstone on Demand is a cloud-based learning and talent management software provider. It is a global leader in human capital management (HCM) solutions market and offers a variety of solutions for organizations to strategically manage, recruit, and train their people. The company’s human capital management platform is a collection of four suits namely recruiting, learning, performance and HR suite. These suites are designed to help organizations in sourcing, recruiting and onboarding new hires; and managing training and development requirements. Along with corporations, the company also offers solutions for government agencies, schools, and hospitals, to manage the entire employee lifecycle effectively and strategically. The company’s software and services are used by more than 3,560 global clients of all sizes, representing all major industries, spanning over 42+ million users across 192 countries and 43 languages.
With its subsidiaries and a strong network of distribution, the company has its presence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Three of the major subsidiaries of the company include Grovo, Workpop, and Sonar Limited.
Founded in 1972 and headquartered at Walldorf, Germany; SAP is a leading player in enterprise application software and is also the leading analytics and business intelligence company. It offers enterprise software that helps organizations to manage business operations and customer relations. The company uses machine learning, Internet of Things (IoT), and advanced analytics technologies to help turn customers’ businesses into intelligent enterprises.
With its subsidiaries and strong network of distribution, the company has its presence in various regions such as North America, Europe, Asia- Pacific, Latin America, and Middle East & Africa. The major subsidiaries of SAP SE are SuccessFactors (U.S.), Qualtrics (U.S.), SAP Concur (U.S.), and more.
McGraw Hill Education
Founded in 1888, and headquartered in New York, the U.S.; McGraw Hill Education, is a leading provider of outcome-focused learning solutions, delivering both curated content and digital learning tools and platforms to students. The company operates through four business segments, namely, Higher Education, K-12, International, and Professional.
With its subsidiaries and strong distribution of network, the company has its presence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The company’s solutions are available in nearly 60 languages. It provides products through various subsidiaries, such as McGraw Hill Ryerson Ltd (U.S), Key Curriculum Press, Inc. (U.S), and more.
The company has partnered with more than 14,000 authors and educators in various fields of study who contribute to their large and growing collection of proprietary content.
Founded in 1998, and headquartered at Nashua, NH, U.S; Skillsoft is an American educational technology company that offers learning management system software and content. The company is among the leading global providers of high-quality, innovative, cloud-based learning and performance support resources. It provides a comprehensive selection of cloud-based corporate learning content, together with courses, videos, books, and other resources. Skillsoft encompasses three award-winning solutions that support learning, performance, and success: Skillsoft learning content, the Percipio intelligent learning experience platform and the SumTotal suite for Human Capital Management.
With its subsidiaries and strong network of distributors, the company has its presence across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.The key subsidiaries of the company include SumTotal (U.S), SkillSoft Receivables Financing LLC (U.S) and Element K (U.S).
Founded in 1999, and headquartered at Kitchener, ON, Canada; D2L is an integrated learning platform, providing cloud learning solutions for educational institutes. The company provides next-generation learning management systems and solutions to engage and inspire learners, and to help clients break down barriers to accessing the highest-quality learning experiences. D2L’s cloud-based learning solution, Brightspace, provides an open and extensible platform to over 700 clients and over 8 million learners in higher education, K-12, healthcare, government, and the corporate sector including the Fortune 1000 organizations. The company’s learning platform offers a suite of online products, including tools for student assessment and collaboration, course development and learning analytics. The solutions offered by the company are designed to enable college campuses and global corporations to drive better learning outcomes through a highly personalized digital experience.
With its subsidiaries and strong network of distribution, the company has its presence across the United States, Canada, Singapore, Australia, Europe, and Brazil.The key subsidiaries of the company include Wiggio, Inc., D2L Ltd., Desire2Learn U.K. Ltd, and Knowillage, Inc.
A report into the projected growth of the current Learning Management System (LMS) Market by Meticulous Research® has produced some incredible forecasts for the industry. By 2025, it’s expected to have grown at a CAGR of 20.5%, reaching over $28.1 billion .
Founded in 1990 as Tata Interactive Systems, and headquartered at Mumbai, India; MPS Interactive Systems was part of the $100 billion Tata Group for over 27 years. Later the company was acquired by MPS Limited in 2018. MPS Interactive is a global leader in the eLearning industry with a strong presence in multiple geographies. The company’s offerings span across gamification, simulations, custom eLearning, augmented and virtual reality, animations, videos, micro-learning solutions, and more. The company offers variety of services to corporations, universities, schools, publishers, and government institutions. With a network of its subsidiaries and distributors, the company has a geographic presence in India and the United States.
Founded in 1982 and headquartered at San Jose, California, the U.S.; Adobe is a software company that provides its users with digital marketing and media solutions. The company operates through three business segments– Digital Media, Digital Experience, and Publishing. Some of the key products from the company include Illustrator, Photoshop, Flash, Freehand, InDesign, Acrobat, and Dreamweaver.
Adobe is the leading player in digital marketing and digital media solutions it mainly focused on creation of multimedia and creativity software products. The company also provides digital learning services. Various tools and services are offered by the company are designed to allow their users to create digital content, deploy it across media and devices, measure and optimize it over time, and achieve greater business success.
With its subsidiaries and strong distribution network, the company has its presence across North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.The subsidiaries of the company include Fotolia (U.S.), Marketo (U.S.), Mixamo (U.S.), and others.
Absorb Software Inc.
Founded in 2003, and headquartered at Calgary, U.S., Absorb Software Inc. is one of the leading players in the e-Learning and LMS market. The company operates in the e-Learning market with two of its products AbsorbLMS and Absorb Infuse. AbosrbLMS provides smart administration, business intelligence module, cloud based services, and Content Libraries.
With its subsidiaries and a strong network of distributors, the company has its presence across North America, Europe, Asia Pacific, and Australia. The two major subsidiaries of Absorb Software Inc. are Prometheus development, LLC and TorchLMS.
Founded in 1911, and headquartered at Armonk, New York, the U.S.; IBM functions through five key segments such as Cognitive Solutions, Technology Services & Cloud Platforms, Global Business Services, Systems, and Global Financing. The company sells hardware & software solutions and delivers numerous hosting and consulting services from mainframe processors to nanotechnology domains. The company has a diverse and vast portfolio of product and service offerings, including artificial intelligence, IoT, cloud computing, security and more.
IBM is the global leader in enterprise AI solutions and cybersecurity industry. It provides services to enterprises of all sizes, including leaders in diverse industries, such as financial services institutions, manufacturers, retailers, and more. The company helps its clients to transform their business and help them to engage with clients and employees in effective manner. The company has one of the largest workforces in the world.
Founded in 1844, and headquartered in London, U.K.; Pearson plc provides LMS solutions and services for the education sector. Pearson’s LMS known as Revel is one of the leading LMS products in its category. The company has segmented its business in different verticals such as Educators, Employers, Talent Assessment, and Health and Psychology. The company provides LMS software in the Educators segment.
With its subsidiaries and strong network of distributors, the company has its presence across North America, Europe, Asia Pacific, Middle East, and Africa. The major subsidiaries of Pearson plc are Pearson VUE, Pearson Edexcel, Stark Verlag, Longman, and Virtual Nerd LLC.
Popular Mentions: Blackboard (U.S.), Pearson (U.K.), Epignosis (U.S.), IBM (U.S.), Oracle Corporation (U.S.), and Saba software (U.S.).
Authoritative Research on the Learning Management System (LMS) Market- Global Opportunity Analysis and Industry Forecast (2019-2025)
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