The Learning Management System market is expected to grow from US$ 14,895.17 million in 2021 to US$ 50,995.16 million by 2028; it is estimated to grow at a CAGR of 19.2% during 2021 to 2028.
Artificial intelligence (AI) enables computers to communicate with people, understand events, and learn and react to events, as humans do. In addition to the application of AI in industries such as security and surveillance, and information technology, it has been adopted widely in the education sector. The technology is being implemented across schools, colleges, and universities for automating repetitive tasks, such as grading, financial analysis, and admission processes. It can be calibrated to learn and model teachers’ actions while grading through advanced computer programs, such as automated grading, for automatic grade assignments.
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Students’ performances have been among the oldest ways to evaluate instructors’ performances and their ability to relate to students at various levels. However, most colleges and universities have moved from written questionnaires to online surveys. Chatbots are used to eliminate the intervention of an instructor or other human being to communicate with students in person and collect data. Thus, the rising adoption of AI-powered solutions across the education sector fuels the learning management system market growth. The AI-powered LMS help streamline the process of feeding the information to learners by promoting personalized corporate learning. Artificial intelligence also provides accurate recommendations on how to easily present and curate information based on the needs and preferences of specific learners. Thus, the adoption of AI in education sector, boost the demand for learning management system market.
The List of Companies
- Blackboard Inc.
- D2L Corporation
- International Business Machines Corporation
- itslearning AS
- SAP SE
- Zoho Corporation Pvt. Ltd.
The learning management system market is segmented based on deployment mode, delivery mode, end-user, and geography. Based on deployment mode, the market is segmented into on-premise and cloud. Based on delivery mode, the learning management system market is segmented into distance learning, instructor-led training, and others. The learning management system market, based on end user, is segmented into K-12, higher education, and corporate. Based on geography, the learning management system market is broadly segmented into North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America (SAM). In 2021, North America accounted for a significant share of the learning management system market.
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