The data experts at Market Research Future Reports (MRFR) have evaluated the global market for corporate learning management system. As per the study, the global market is estimated to value USD 7 billion, thriving at a CAGR of 27% during the forecast period from 2016 to 2023. The data experts at MRFR believe that BYOD is likely to be a crucial factor driving the global corporate learning management market 2020. In addition, the constant development in the e-learning sector is another factor resulting in market expansion. Furthermore, the increase in the need for corporate learning in the organization can further actuate the market strength in the forthcoming period. Also, the increasing inclination of enterprises on high-performance, focusing on the generation of revenue can further expand the market. Further, the application of AI technology is projected to be an important tool in e-learning solutions which is a good opportunity for the corporate learning management system.
However, insufficient awareness about the e-learning software and learning management due to the expenses related to it is likely to contain market expansion. On the other hand, the outbreak of COVID-19 has resulted in a changed market scenario. The data experts are analyzing the market to understand the impact of COVID-19 pandemic. We will provide an impact analysis report on COVID-19.
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The global market for corporate learning management system can be segmented on the basis of delivery mode, deployment mode, organization size, component, vertical, and geography.
On the basis of delivery mode, the global market for corporate learning management system can be segmented into instructor-led training, distance learning, and blended learning
On the basis of deployment mode, the global market for corporate learning management system can be segmented into on-premises and cloud.
On the basis of organization size, the global market for corporate learning management system can be segmented into small and medium scale enterprises (SME’s) and large enterprises.
On the basis of component, the global market for corporate learning management system can be segmented into solutions and services.
On the basis of vertical, the global market for corporate learning management system can be segmented into IT telecom, BFSI, healthcare, manufacturing, retail, government defence, and others.
On the basis of geography, the global market for corporate learning management system can be segmented into North America, Asia-Pacific, Europe, and the Rest of the World (RoW).
The global market for corporate learning management is estimated to expand significantly during the forecast period. Regions such as North America, Asia-Pacific, Europe, and the Rest of the World (RoW) have been meticulously evaluated. As per the analysis, the market is estimated to be dominated by North America during the forecast period. The increasing adoption of e-learning tools is estimated to be the most significant cause of regional expansion. Besides, the implementation of techniques techniques in the learning methods is projected to be another factor leading to market expansion. Also, the continuous efforts to develop the technology is another pivotal factor leading to market expansion. On the other hand, the APAC region is estimated to expand at a faster rate during the review period. The market growth in the APAC region majorly relies on the presence of IT companies that encourage and advance techniques relates to the LMS (Learning Management System).
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The most established players of the global market are SAP SE (Germany), Adobe Systems (US), Absorb Software (Canada), Blackboard Inc. (US), D2L (Canada), CrossKnowledge (US), Growth Engineering (UK), iSpring Suite (US), IBM Corporation (US), Oracle Corporation (US), and a few others.
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