Christy Publications Learning Management System Market | Page 2

addition to this, increasing adoption of wearable devices for training has also advanced the LMS
market in corporate segment. Due to high advantages of wearable devices such as in depth
product knowledge training, instant access to tutorials, real time support resources and
effective use of company resources have increased the demand for wearable devices in
corporate learning management system. According to Coherent Market Insights, over 275
million wearable device have been sold up from 232 million devices in 2015 and is estimated to
reach 323 million by 2017. Moreover, the increasing adoption of new technologies such as
gamification and virtual reality in the learning management systems provide advance features
to the LMS products. With the help of virtual technology, the gamification increased the level of
enjoyment and engagement by capturing the interest of learners, motivating them for continues
learning.
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Key takeaways of the learning management system market:
 The global learning management system market is estimated to expand at a CAGR of 23%
during the forecast period (2016–2025).
 The cloud deployment model held a dominant position in 2016 and is estimated to grow
with the largest CAGR in the forecast period. The increasing high investment in the cloud
market and rising adoption of cloud technology by various industries have increased the
adoption of cloud technology in the learning management system.
 On the basis of delivery mode, the instructor-led training is estimated to grow at a CAGR
of 24% in the global learning management system market and held a dominant position
in the year 2016.
 On the basis of user type, the corporate held a dominant position with US$ 3,637 million
in 2016, owing to increasing demand for corporate trainings in various industries.
 North America held a dominant position in the global learning management system
market at a CAGR of 53% in 2016, owing to the growing trend of bring your own devices
in North American countries such as the United States and Canada.
 The Asia Pacific, followed by Europe is estimated to grow at a CAGR of 25.1% over the
forecast period.. China and India are the major countries that drive the learning
management market in the Asia Pacific region.