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LMS Market to Grow by USD 79.05 Billion (2024-2028), Driven by NGDLE Adoption in Academia, AI Transforming the Market Landscape – Technavio Report

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NEW YORK, Sept. 10, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global learning management system (LMS) market size is estimated to grow by USD 79.05 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  27.17%  during the forecast period. Adoption of ngdle in academic sector is driving market growth, with a trend towards increasing popularity of cloud-based LMS. However, interoperability issues  poses a challenge. Key market players include Adrenalin eSystems Ltd., Blackboard Inc., Sprout On Web Pty. Ltd., Clearlake Capital Group L.P., D2L Inc., Degreed Inc., Docebo Inc., Epignosis LLC, GENTLAB S.R.L, Instructure Holdings Inc., Looop Online Ltd., Oracle Corp., Pearson Plc, PowerSchool Holdings Inc., SAP SE, Skillsoft Corp., Tovuti Inc., Violet InfoSystems Pvt. Ltd., Workday Inc., and Xperiencify.

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Learning Management System (Lms) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 27.17%

Market growth 2024-2028

USD 79058 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

20.99

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 31%

Key countries

US, China, UK, Germany, and Canada

Key companies profiled

Adrenalin eSystems Ltd., Blackboard Inc., Sprout On Web Pty. Ltd., Clearlake Capital Group L.P., D2L Inc., Degreed Inc., Docebo Inc., Epignosis LLC, GENTLAB S.R.L, Instructure Holdings Inc., Looop Online Ltd., Oracle Corp., Pearson Plc, PowerSchool Holdings Inc., SAP SE, Skillsoft Corp., Tovuti Inc., Violet InfoSystems Pvt. Ltd., Workday Inc., and Xperiencify

Market Driver

In today’s business environment, cloud-based Learning Management Systems (LMS) have gained significant popularity due to their numerous advantages over traditional LMS. These advantages include eliminating the need for on-premises servers, reducing implementation costs, and offering faster setup times. Cloud-based LMS is typically subscription-based, resulting in a lower initial investment for organizations. The implementation process is also less time-consuming and resource-intensive, as there is no need for installing programs. Furthermore, the cost of cloud-based e-learning is generally lower than traditional LMS, making it an affordable option for schools of all sizes. Traditional LMS vendors are responding to this trend by offering competitive pricing, allowing more businesses and educational institutions to access this valuable technology. 

The Learning Management System (LMS) market is experiencing significant growth due to the trend towards online education. With budget constraints and reduced spending, cost-effective solutions like cloud-based LMS platforms are increasingly popular. Digital transformation and remote work have accelerated the adoption of LMS platforms for education and corporate users. These versatile platforms offer digital content such as eBooks, multimedia resources, and online learning activities to enhance learning outcomes. Blended learning, which combines face-to-face instruction with online methods, is a key segment. AI-driven personalized learning, gamification, social learning capabilities, and interactive platforms are product innovations that engage learners and provide real-time interaction and feedback. Key vendors prioritize developed infrastructure, quality services, and user-friendly interfaces to meet the demands of the corporate users segment. 5G technology and mobile education are future trends. Smartphones and communication devices are essential tools for accessing digital learning solutions. 

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 Market Challenges

•         Integrating a Learning Management System (LMS) with an existing Content Management Solution (CMS) or Academic Management System (AMS) can present interoperability challenges. Although LMS allows for integration, connecting it to an unsupported system can be difficult due to differences in eLearning standards. For instance, content structure variations between vendors make it challenging to reuse courses developed by one vendor with an LMS from another. To address this issue, organizations often rely on system-specific application programming interfaces (APIs) for successful LMS-CMS integration. However, the academic management system, which is often in-house and built on less-used standards, poses additional difficulties. The maturity of content management standards significantly impacts LMS cost, leading many organizations to opt for customized LMS services, which can be expensive. Effective LMS integration requires addressing these challenges to ensure a seamless teaching-learning process and enhance end-user satisfaction and learning success.

•         In today’s digital age, the Learning Management System (LMS) market is booming. Universities and businesses alike are adopting LMS platforms to deliver academic and corporate training in flexible, engaging ways. Challenges include supporting rich media formats like videos and interactive modules, virtual reality, and mobile learning. Microlearning and personalized instruction are key to student engagement. Content providers offer educational materials in various formats, from e-books to simulations. Assessments and assessments are essential for measuring progress. Advanced technologies like blended learning models, remote learning, and digital learning are expanding offerings. Internet penetration and digitalization of industries drive demand for LMS solutions. Strategic partnerships help LMS providers meet the needs of the digital age, offering upskill training programs and advanced technologies like simulations and assessments. User experience is crucial for success. As LMS platforms continue to evolve, they will become even more integral to lifelong learning and the future of education and training.

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Segment Overview 

This learning management system (lms) market report extensively covers market segmentation by  

End-user 1.1 Academic1.2 CorporateDeployment 2.1 On-premises2.2 On-cloudGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Academic-  The Learning Management System (LMS) market is experiencing significant growth due to the increasing popularity of online learning and the expansion of higher education institutions offering digital courses. In the academic sector, the higher education segment dominates, contributing the most to market revenue. Universities are hiring IT staff, including course designers and app developers, to increase their online course offerings. Additionally, the rise of m-learning in schools and colleges necessitates LMS solutions compatible with mobile devices. However, challenges exist in ensuring accessibility on various mobile architectures and operating systems. Students and teachers seek online certificate programs and vocational courses to gain a competitive edge in their respective fields. Institutions are integrating technologies like classroom management systems, analytics, and Learning Content Management Systems (LCMS) with LMS to design, develop, and launch online courses. Teachers can use analytics and reporting features to monitor student progress and create personalized learning paths. Universities providing online courses rely on LMS to manage students, distribute reading materials, and administer assignments. LMS is also extensively used for training and performance administrations in universities. Open-source LMS solutions like Moodle are gaining popularity in the market, capturing significant revenue. In the K-12 sector, blended learning methods are being adopted, requiring online course materials developed using LMS solutions. However, challenges persist, including the lack of operating knowledge for handling LMS among teachers and students and difficulty in using LMS in emerging economies. Despite these challenges, the integration of advanced technologies and the growing demand for online learning are expected to drive market growth during the forecast period.

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Research Analysis

The Learning Management System (LMS) market is experiencing significant growth due to the digitalization of industries and the shift towards remote work. With the rise of digital learning, LMS platforms have become essential tools for delivering online courses, training programs, and interactive educational content to individual learners and educational institutions. These platforms offer flexible learning options, blended learning models, and smart learning capabilities, making education more accessible and convenient than ever before. Mobile education, open online courses, and online tutorials are also gaining popularity, allowing learners to access educational content on their smartphones and communication devices. The business landscape is continually evolving, and upskilling and reskilling have become crucial for employees to stay competitive. LMS platforms enable progress tracking, certifications, and communication between learners and instructors, making them an essential component of the modern educational ecosystem. Internet connectivity is a key requirement for accessing these platforms, making them an essential tool for schools and educational institutions as well.

Market Research Overview

The Learning Management System (LMS) market is experiencing significant growth due to the digitalization of industries and the shift towards remote work. LMS platforms have become essential tools for delivering digital learning, online courses, and training programs to upskill employees. Advanced technologies like artificial intelligence (AI), 5G technology, and mobile learning solutions are expanding offerings and enhancing learning outcomes. Flexible learning options, strategic partnerships, and lifelong learning are key trends in this market. Corporate users are seeking cost-effective solutions, while educational institutions are adopting cloud-based LMS platforms for on-premises alternatives. Blended learning models, which combine face-to-face instruction with online learning activities, are popular. User experience, real-time interaction, feedback, and engagement are crucial factors for learners. Millennials prefer interactive platforms, gamification, social learning capabilities, and AI-driven personalized learning. Key vendors are innovating with user-friendly interfaces, AI-based LMS platforms, and content accessibility features. Virtual assistants, chatbots, and AI-powered avatars are also being integrated to provide a more personalized learning experience. Analyst surveys indicate that the market for digital learning solutions will continue to grow, driven by the need for upskilling and reskilling in a rapidly changing business landscape.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

End-userAcademicCorporateDeploymentOn-premisesOn-cloudGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Technology

SPEYSIDE COMPLETES ACQUISITION OF GSC

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Transaction enables Speyside to fuel the company’s next growth phase.

ANN ARBOR, Mich., Jan. 9, 2025 /PRNewswire/ — Speyside Equity Advisers (“Speyside”) announced that it has completed the acquisition of GSC Technologies, Inc. (“GSC”). The transaction will allow Speyside’s continued investment in GSC and fuel the company’s next growth phase. GSC is a leading manufacturer of plastic goods in North America.

“We are very excited about the GSC acquisition,” said Eric Wiklendt, Managing Director at Speyside. “GSC is similar to a great deal we did in a prior fund, with similar opportunities. GSC has a great growth and value-creation plan that we look forward to facilitating.”

GSC CEO Dave Barrow noted, “My team and I look forward to working with the Speyside team to execute our strategic plan. Speyside has a strong operational background that clearly differentiates it from other investment groups. The new capitalization structure and value-creation system that Speyside brings will help us achieve our vision and drive results.”

Nick Lardo, Managing Director at Speyside, noted, “GSC is our second closed deal in Speyside Equity Fund II. We are gaining strong momentum in the fund based on increased staff, AUM, and deal activity. We see 2025 as a year full of great opportunity.”

About Speyside
Speyside is a Detroit-based private equity firm. The firm invests in middle-market, buyout transactions in the manufacturing and value-added distribution sectors. Targeted portfolio companies often possess balance sheet, legal, environmental, labor, or transactional complexity. Speyside Equity focuses on creative transaction structures and is comfortable investing in carveouts of large multinational companies, industry consolidations, family-owned businesses, bankruptcies, workouts, and other special situations. Speyside takes an operational approach to creating value in these situations. Speyside has completed 37 investments. For more information, please visit speysideequity.com.

About GSC Technologies, Inc.
Founded in 1982 with a single plastic molding machine, GSC Technologies Inc. is a leading and groundbreaking manufacturer of plastic goods in North America focused on environmentally aware plastic solutions for organizing daily life today and in the future. Based in St-Jean-sur-Richelieu (Quebec/Canada), GSC designs and manufactures attractive, practical storage and organization lifestyle products for better modern living. With manufacturing plants that use contemporary equipment and technology and distribution facilities in the US, Canada, and China, GSC uses global testing and quality standards to ensure the best value, highest quality products. For more information, please visit gsctechnology.com.

Honigman LLP acted as Speyside’s legal advisor.

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SOURCE Speyside Equity

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Batteries Plus’s Strategic Partnerships Drive Nearly 130% Sales Increase

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Transformative Collaborations Fuels Record-Breaking Sales Growth for Batteries Plus FranchiseePartnerships Elevate Customer Experience, Expand Service OfferingsNew Jersey Franchisee’s Store Emerges as Top Repair Destination in Network

SPRINGFIELD, N.J., Jan. 9, 2025 /PRNewswire/ — Batteries Plus, the world’s leading specialty battery franchise, has achieved remarkable success through strategic partnerships with industry leaders in device protection and insurance. These collaborations have led to significant growth for franchisees over the last two years, as exemplified by Angel Cartagena’s store in Springfield, NJ.

Enhanced Customer Experience
By combining Batteries Plus’s extensive retail network and repair expertise with advanced mobile device protection programs from industry partners, Batteries Plus stores are equipped to handle subscribers’ phone protection needs, covering lost or damaged devices. This comprehensive approach has paved the way for improved customer satisfaction, ultimately increasing revenue for franchisees and strengthening brand loyalty overall.

“We’re not just fixing phones; we’re creating opportunities for customers to discover additional products and services they didn’t know they needed, from car batteries to key fobs,” Cartagena said. “This has contributed to increased ticket counts and higher margins across our business.”

Growth and Expansion
After serving with the U.S. Air Force for 37 years, Cartagena began franchising with Batteries Plus in 2008. In the 18 years since, his store has grown to become the top-performing location for repairs in the entire Batteries Plus network, with repair volumes nearly 50% higher than other stores.

Since implementing these strategic partnerships, Cartagena’s Batteries Plus location has experienced unprecedented growth:

217.7% increase in device repair sales year-over-year128.6% increase in total business sales year-over-year147.8% increase in average ticket value year-over-year10.6% increase in gross profit year-over-year

The success of these partnerships has led to significant expansion for Cartagena’s store, necessitating the hiring of three additional team members to help manage the increased volume.

“These strategic partnerships have been transformative for our business,” said Cartagena. “We’ve seen a dramatic increase in customer traffic and sales, particularly in our device repair services. These collaborations have not only boosted our bottom line but also enhanced our ability to serve our community with top-notch repair solutions. It’s been great for business, allowing us to expand our team and offer more comprehensive services to our customers.”

Batteries Plus has become a global leader in supplying the battery needs of its customers for cars, boats, phones, key fobs and more. With over 800 store locations in operation and development nationwide, Batteries Plus has also carved out a unique niche in the industry with its ‘plus’ services – including cell phone repair and key fob replacement. Positioned for the battery-powered future, Batteries Plus was ranked on Franchise Times Top 400 list, coming in at #130. Plus, for the 30th year in a row, the brand ranked on Entrepreneur Magazine’s Franchise 500 list, climbing 53 spots over last year’s rank and even becoming one of only 49 franchise brands to be inducted into Entrepreneur’s Franchise 500 Hall of Fame.

To learn more about Batteries Plus, visit batteriesplusfranchise.com.

ABOUT BATTERIES PLUS: Batteries Plus, founded in 1988 and headquartered in Hartland, WI, is a leading omnichannel retailer of batteries, specialty light bulbs and phone repair services for the direct-to-consumer and commercial channels. The retailer also offers key programming, replacement and cutting services. Through a nationwide network of stores, the company offers a differentiated value proposition of unrivaled product selection, in-stock availability and customer service. Batteries Plus is owned by Freeman Spogli, a private equity firm based in Los Angeles and New York City. To learn more about one of Forbes®’ Best Franchises to Buy in America, visit https://www.batteriesplusfranchise.com.  

MEDIA CONTACT: Cole Koretos, Fishman Public Relations, ckoretos@fishmanpr.com or 847-331-1190

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SOURCE Batteries Plus

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MobileX Partners with Ethika to Launch ‘ethikaX,’ Merging Style with Mobile Connectivity

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 LAS VEGAS, Jan. 9, 2025 /PRNewswire/ — Today at CES, MobileX, the most customizable wireless service designed to save consumers money, and Ethika, a leading lifestyle brand driven by personal identity, announced an exciting new collaboration. Together, the two companies will be launching “ethikaX” – a collection that seamlessly merges mobile-friendly design with bold self-expression and dynamic style. This partnership represents a groundbreaking moment where mobile meets fashion, blending cutting-edge technology with style and originality.

The ethikaX line will debut in Q1 2025, featuring a range of apparel and accessories tailored for the modern, mobile lifestyle. The initial collection will include hoodies and t-shirts with phone-friendly pockets, phone cases, and even a limited-edition set of ethikaX-branded headphones.

“At MobileX, we’re passionate about empowering our customers to live untethered, connected lives,” said Peter Adderton, CEO of MobileX. “By partnering with Ethika, we’re able to bring that vision to life through thoughtfully designed apparel that embraces uniqueness and creativity while seamlessly integrating with our mobile services.”

Ethika’s commitment to celebrating individuality and self-expression across diverse cultures including motorsports, BMX, music, art and fashion aligns perfectly with MobileX’s mission to empower consumers through customizable, user-focused mobile service that ensures they only pay for what they use. The ethikaX collection will be available for purchase through the MobileX app and website, as well as select Ethika retail partners. Customers can also sign up for MobileX at these retail locations by purchasing a SIM Kit or scanning a QR code and activating with eSIM.

“We’re thrilled to be working with the innovative team at MobileX to redefine the intersection of mobile and fashion,” said Matt Cook, CEO of Ethika. “This collaboration allows us to extend the Ethika brand into new territories while continuing to celebrate those who stand out from the crowd and share our core values of quality, style and originality.”

Stay tuned for updates on ethikaX’s launch in Q1 2025 here.

 About MobileX
Headquartered in Orange County, California, MobileX is the world’s most customizable mobile carrier delivering the ultimate in choice and cost control. MobileX is a unique service that uses artificial intelligence to predict how much data customers need, dramatically reducing costs while ensuring reliable speed and service. MobileX was founded by Peter Adderton, who also founded both Boost Mobile and Digital Turbine. For more information, please visit mymobilex.com.

 About Ethika
Ethika is a leading lifestyle brand which started in San Clemente, CA and is now based in Lake Forest. Since the inception of the brand, Ethika and its team have been determined to live life, innovate, and deliver quality products, while staying true to the brand’s biggest asset – the FAMILIE. Ethika employees, friends, athletes, artists and customers are the core of the brand and the reason Ethika exists. More Ethika news, photos, and videos can be found on X (@ethika), Instagram (@ethika), and online at www.ethika.com.

Press contact:
Illume PR for MobileX
mobilex@illumepr.com

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SOURCE Mobile X Global, Inc.

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