Learning Management System (LMS) Market - Global Opportunity Analysis and Industry Forecast (2019-2025)

The global learning management system (LMS) market is expected to grow at a CAGR of 20.5% from 2019 to reach $28.1 billion by 2025; wherein, the Asia-Pacific region is expected to grow at the fastest CAGR during the forecast period. Learning management systems have simplified the task of management of training and development programs, learning administration, performance tracking and reporting, and feedback documentation. These solutions are increasingly being used by educational institutions and corporate enterprises to manage their e-learning programs. Thus, the growth in the e-learning industry is one of the key factors contributing to the growth of the LMS market, globally. In addition, the proliferation of Bring Your Own Device (BYOD) policy among educational institutions is also supporting the growth of the online education tools, in turn contributing to the growth of the LMS market. However, lack of skilled trainers and instructors and reluctance among some organizations towar

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