Corporate LMS market grows

Dublin/Pune (India) The global corporate LMS market is still on the rise, according to a recent analysis by Irish market researcher Research and Markets. The analyst estimates the annual average growth rate in the forecast period at around 25% and estimates growth in the corporate sector to be 4.4% higher than in the global LMS market in general. The analyst sees the reason for this growth in the continued increase in the use of LMS in small and large companies in various industries worldwide and the implementation of innovative functions by providers. The North American market is the largest in the world, but the Asia-Pacific region has the highest growth rates. In total, the LMS market – across all market segments – accounted for around 9.2 billion US dollars in 2018 and is forecast to rise to around 22.4 billion US dollars by 2022.

The Indian market researcher Wise Guy Research Consultants comes to an even more positive assessment of the market growth in the global corporate LMS market.   This assumes an annual growth rate of 28.23 % in the forecast period 2018-2025. According to this analyst’s data, the market value is expected to grow from about 1.58 billion U.S. dollars in 2017 to about 11.55 billion in 2025.

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