LEARNING MANAGEMENT SYSTEM MARKET ANALYSIS
                     LEARNING MANAGEMENT SYSTEM MARKET ANALYSIS 
A learning management system (LMS) is a software solution which is used for the reporting, tracking, 
documentation, administration, training programs and delivery of educational courses. The learning 
management system venders are focused on providing online courses and various hybrid courses such as 
flipped classrooms and blended learning. The LMS also manages instructional content, online course 
administration and assessment of student work have increased the demand for LMS in academics. 
Moreover, the LMS are also adopted by corporate bodies for training purpose. The implementation of 
training management system helps to manage instructor-led training and learning records store to store 
and track the data. In addition, the implementation of performance management systems in LMS offers 
the options of multi-rater assessments, succession planning, skills gap analysis, and competency 
management increased the demand for learning management system in various industries. 
 
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According to Coherent Market Insights, the learning management system market in North America held 
the dominant position in 2016 with a CAGR of 52.9%. The United States and Canada are the major 
countries driving the market of learning management system in North America region. The growing 
adoption of "bring-your-own-device" culture in various companies and growing presence of LMS 
companies in the United States have provided a massive growth opportunity to the learning management 
system market in North America. 
 
Increasing adoption of wearable devices provides growth opportunity for the market 
The increasing sales of wearable devices has become one of the key drivers for the growth of the learning 
management system market globally. According to Coherent Market Insights, over 275 million wearable 
devices were sold in 2016, from 232 million devices in 2015 and is expected to reach up to the sales of 
323 million by 2017. The in-depth training program is one of the major advantages for the use of wearable 
devices for training purpose. Conventional training material consists of hard copies as well as visual 
presentation of the subject. Wearable devices are used in organizations, with the help of which employees 
are able to see three dimensional examples of products, view it from different angles, and tap on different 
elements of the product to view its benefits. 
 
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