Learning Management Systems Market — Account for Around 40.0% Share in the Market

In recent years, the increased efficiency of the Internet has promoted e-teaching and e-learning practices worldwide. This, coupled with advancements in networking technologies has enabled improved communication and integration, thereby resulting in flawless online learning and training sessions. This has had a significant impact on the emergence as well as development of learning management systems (LMS).
Leading five players in the global learning management systems (LMS) market are SkillSoft Limited, SAP SE, Saba Software, Oracle, and Cornerstone OnDemand. They account for around 40.0% share in the market. Some of the strategies that have enabled them to steal a march over their rivals are thrust on innovative learning solutions in order to rope in more customers and retain existing ones. They are also seen working towards improving their returns on investments (RoE) through employee training to make them more efficient.
Learning management systems (LMS) are useful for both educational institutions and corporations. Extended enterprise online training, in which companies deploy online training resources to external sales channels, customers, and franchises, is one of its major applications. Adds the lead analyst of our report, “Large and small and medium enterprises are increasing supplanting conventional methods of learning with innovative technology-driven ones to improve performance of employees. In the educational sector too, analytical practices are being leveraged extensively to enable students learn more effectively.”
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The market is also being fueled by the popularity of data-driven learning tools. “There is soaring uptake of analytics in both businesses and education to enable better decision-making and this is expected to fuel adoption of learning management systems (LMS),” observes our in-house lead analyst.

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