The global learning management system market is projected to exhibit significant growth during the forecast period. The rising trend of bringing your own device BYOD and enterprise mobility is one of the major factors that is estimated to develop growth opportunities for the growth of the learning management system market. BYOD allows employees to bring their personally owned devices such as smartphones, tablets, and laptops to their workplace to access the company’s information and applications. The organizations across the globe are opting for e-learning systems for educating and training their employees to mitigate the expenses involved in the traditional teaching methods.
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The easy compatibility of the learning management system with the other mobile devices has propelled the corporate to mandated the adoption of BYOD culture. The need for a skilled workforce and cost-effectiveness of these systems are further supporting their high adoption. According to the World Economic Forum (WEF), nearly 54 % of the total workforce across the globe had to be re-skilled or up-skilled to work in transforming the world of digital technologies.
BYOD is making noteworthy progress in the corporate world, it is estimated that more than 75% of the employees in the emerging economies such as India, China, Brazil, and Russia are using their devices at their workplace, and 44% of the employees in developed countries such as the US and Germany are using their devices at the workplace. Furthermore, BYOD brings needed flexibility for companies, which can be a solution to boost the productivity of employees with strong preferences to use their own devices.
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These are the major factors indicating the increasing trend of BYOD and mobility in the enterprise. For successful implementation of the BYOD policy, organizations need an effective cloud platform that allows employees to safely access data from their own devices and at the same time ensures the safety of the company’s data. Therefore, the increasing trend of BYOD and enterprise mobility is estimated to develop growth opportunities for cloud-based LMS market.
Enterprises ranging from large-size enterprises to medium and small businesses are adopting this policy, as it assists organizations in reducing the capital expenditure and operating expenditure. Employees bring their own device for work, which leads to the elimination of hardware costs, further employees also bear the cost of data incurred on their devices, results in the overall cost of the organization. These are the major factors augmenting the demand for BOYD and the learning management system market.
Global Learning Management System Market Segmentation
By Service
- Performance Management
- Content Management
- Communication & Collaboration
- Administration
By Deployment Type
- On-Premises
- Cloud
By Delivery Mode
- Distance Learning
- Instructor-led Learning
By Application
- Corporate
- Academics
