The learning management system (LMS) market is projected to grow substantially by 2028 due to the rising popularity of digital learning solutions around the world.

The COVID-19 pandemic has forced educational institutions and enterprises to shift to online platforms for teaching and learning. The consequent escalating demand for LMS solutions has prompted manufacturers to enhance the UI/UX of the software to ensure better engagement, which has fostered industry growth.

Recent studies have shown that educational institutions are keen on adopting LMS solutions as a part of a blended learning system post the reopening of schools and institutions. LMS solutions provide several benefits, including flexible learning, easy access, and personalized learning, among others, which have supported market development.

The learning management system (LMS) market has been segmented based on provider, deployment, end-user, delivery mode, and region. With respect to deployment, the market has further been divided into on-premise and cloud-based. The cloud-based sub-segment is speculated to exhibit exponential growth over the assessment period owing to its ease of installation, management, and access.

From the viewpoint of delivery mode, the learning management system market has been bifurcated into instructor-led, distance learning, and blended mode. The instructor-led sub-segment is projected to progress at a CAGR of approximately 25% through the analysis period due to surging demand for instructor-led mode of delivery by K-12 and higher education institutes.

In terms of end-user, the market has been bifurcated into government, corporate, and academic.

Under corporate, the market has been classified into large enterprises and SMEs. The SMEs segment held around 30% revenue share in the overall market in 2021 and is poised to garner a significant valuation by 2028. Increasing adoption of LMS solutions by SMEs to conduct remote training for their employees during the pandemic is set to propel segmental expansion over the forthcoming years.

Under academic, the learning management system market has been segregated into vocational training, K-12, and higher education. The vocational training segment is expected to grow considerably at a CAGR of more than 30% through analysis period. This growth is attributed to the prevalent adoption of LMS solutions by music studios, institutes, and language training institutes.

From the provider perspective, the learning management system market has been categorized into services and content. The content sub-segment is anticipated to grow over 20% through the forecast timeframe. Service providers are currently offering LMS solutions that integrate gamification and machine learning to gain a competitive edge in the market, which is estimated to boost industry uptake over 2022-2028.

On the regional front, the LATAM learning management system market is slated to witness optimistic progress over the review period on account of the growing penetration of the blended mode of learning in the region.

The MEA learning management system market is set to amass sizable gains by 2028, developing at around 25% CAGR over the study period. Widespread uptake of LMS solutions by corporates is expected to support regional market expansion.