The global learning management system (LMS) market is projected to experience significant growth, reaching a size of USD 70.83 billion by 2030. The market is expected to expand at a compound annual growth rate (CAGR) of 19.5% from 2023 to 2030. Several factors are driving this growth, including the increasing adoption of big data, artificial intelligence (AI), e-learning, blended learning, and mobile learning. These emerging trends in e-learning offer substantial opportunities for the LMS market.
The solution segment currently dominates the market, accounting for over 67% of the market share in 2022. Learning management system solutions can be personalized to cater to the specific needs of learners, providing a more engaging and practical learning experience. In terms of deployment, the on-premise segment holds the majority share, with over 49% in 2022. On-premise LMS solutions offer organizations greater control over their data and ensure the security of sensitive information.
The corporate segment is expected to witness significant growth during the forecast period. LMS platforms provide a centralized platform for managing training activities, saving time and improving efficiency by eliminating the need for multiple systems and manual processes.
North America currently holds the largest share of the market, accounting for over 38% of the global revenue in 2022. The region’s increasing use of mobile devices and the need for mobile learning solutions contribute to its market dominance.
The COVID-19 pandemic has had a positive impact on the LMS market, as the mass lockdown measures led to a surge in demand for e-learning solutions. Governments and educational institutions worldwide adopted LMS platforms to facilitate online education during this time, bridging the gap in knowledge transfer. Even after the lockdown, the investments and support for online learning have continued to grow, demonstrating the long-term potential of LMS solutions in education.
The market is witnessing advancements in technology, such as virtual reality (VR) and augmented reality (AR), which enhance the learning experience by providing simulated environments and hands-on training opportunities. Major players in the LMS industry are continuously improving their EdTech offerings to stay competitive and meet the evolving needs of learners.
Overall, the LMS market is poised for significant growth, driven by technological advancements, increasing adoption of e-learning, and the need for efficient training management across various sectors.