TechNavio predicts positive outlook for learning management systems

Source: TechNavio.

TechNavio, the independent tech-focused global research firm, has established that the global learning management systems (LMS) market will grow at a CAGR of 23.76% from 2013 to 2018.

Learning management systems are software applications that are used to organise, deliver, and regulate learning processes. These use web-based technology to formulate and convey content and analyse the performance of students. LMS are being widely implemented by corporations and educational institutions as more and more training is offered online in order to minimise expenses and increase student and employee output.

Key market drivers for the market include increased demand for distance education, corporate requirements for eco-friendly operations, as well as higher adoption of blended learning, the company said.

“The academic and corporate sectors worldwide have witnessed significant evolution in the past with the transformation from a traditional manual working environment to a technologically updated learning environment embedded with the latest ICT products and services. Educational institutions and corporations are in the process of adopting global best practices in delivering quality education and training sessions through the enhanced use of IT software, IT hardware, and IT services. Another key driver is the increased focus of organisations on eco-friendly operations,” says Faisal Ghaus, Vice President of TechNavio.

The emergence of mobile learning, the introduction of gamification in LMS and the popularity of massively open online courses (MOOCs) are expected to drive continued interest in this market, the company added.