Artificial Intelligence
Learning Management System Market is Expected to Grow at a CAGR of 20.5% to Reach $28.1 Billion by 2025 – Meticulous Research®
London, Feb. 05, 2020 (GLOBE NEWSWIRE) — According to a new market research report “Learning Management System (LMS) Market by Product Offering (Solutions, Services), User Group (Education, Corporate), Delivery Mode (Distance Learning, Instructor-led Learning), Deployment Type (Cloud, On-Premise), and Geography- Global Forecast to 2025”, published by Meticulous Research®, the learning management system market is expected to grow at a CAGR of 20.5% from 2019 to reach $28.1 billion by 2025.
The growth in the global learning management system market is mainly attributed to the rising acceptance of digital technologies, proliferation of e-learning industry, and extensive government initiatives towards promotion of LMS. Furthermore, a growing inclination towards Bring Your Own Device (BYOD) policy is also expected to support the growth of the learning management system market by 2025.
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Learning management systems (LMS) is a web-based technology that allows managing, planning, evaluating and delivering content for educational courses. This is a software-based platform that provides the necessary framework, infrastructure, and tools which help in providing online training. LMS enables companies and educational institutions to create and manage lessons, courses, and other training materials. LMS is like an engine that powers eLearning and it also helps smoothen the process right from creating to delivering the course. LMS platforms can be used for all kinds of learning activities. A lot of businesses, enterprises, and organizations of all kinds use learning management systems to manage their employee training programs.
Learning management systems started gaining popularity from the moment they showed up two decades ago. The rapid developments in computer and mobile technology further supported its growth, especially with the advent of high-speed internet. LMS technology has found its way in both education and the business world. With LMS tools, businesses receive a lot of benefits, as their employees can acquire knowledge to keep themselves updated with technological advancements in the industry; whereas, LMS enables educational institutions to widen their reach to students that are remotely located. In addition, the functionalities of these platforms make the learning process easier than ever before.
In this study, the global learning management system market is broadly segmented by product offering (solutions, services), user group (education, corporate), delivery mode (distance learning, instructor-led learning), deployment type (cloud, on-premise), and geography.
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Based on product offering, the overall LMS market is broadly segmented into solutions and services. The solutions segment is further segmented into content management, performance management, and administration. The services segment comprises of training and support, implementation, strategy and consulting, and design & development. The solution segment is expected to grow with the fastest CAGR over the forecast period. Furthermore, based on the user group, corporate segment commanded the largest share of the overall LMS market in 2019, owing to the consistent technological advancements and growing requirements of skilled professionals compliant with updated technologies within corporate sector. This has generated demand for modernized learning tools among corporate organizations to educate and train their employees. In addition, growing competition across various industry sectors is increasingly forcing corporate organizations to make their employees competent in order to make them through the competition. This is one of the key factors driving the adoption of learning management solutions among corporate organizations.
Based on deployment type, the cloud segment commanded the largest share of the overall learning management system market in 2019. Lower infrastructure, maintenance, and security cost is one of the key factors that has led to a greater adoption of cloud LMS solutions over the past few years. Cloud solutions also eliminate the need for maintaining in-house support staff for organizations, which has led to a greater acceptance of these solutions among different customer segments.
Based on delivery mode, distance learning commanded the largest share of the overall LMS market in 2019 and anticipated to grow at the faster CAGR during the forecast period. The large share of this segment is attributed to the fact that the majority of the courses are offered online by the universities. Hassle-free process of distance learning helped students to access the courses according to their convenience, while LMS used for monitoring and assessing their progress. It also help the institutions by reducing the cost of the infrastructure they provide to the students.
Geographically, Asia-Pacific region is anticipated to grow with the fastest CAGR over the forecast period. The growth of this region is mainly attributed to the increasing number of e-learning start-ups, economic progress in several developing countries in Asia-Pacific, and increased government-funded projects in the rural areas associated with literacy development. In Asia Pacific, China dominates the regional LMS market and is also expected to lead the market over the forecast period. This is primarily due to several factors including the presence of medium and large-sized business organizations along with the increased government initiatives.
Some of the key players operating in the global learning management system market are Docebo (Canada), SAP SE (Germany), and Blackboard, Inc. (U.S.). Other key players operating in the market include Cornerstone OnDemand, Inc. (U.S), McGraw Hill Education (U.S.), Skillsoft Ltd. (U.S.), D2L Corporation (Canada), MPS Interactive (India), Adobe, Inc. (U.S.), Saba Software, Inc. (Canada), Pearson Education (U.K), Epignosis (U.S.), IBM Corporation (U.S.), Oracle Corporation (U.S.), and Absorbs Software LLC (Canada), among others.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/learning-management-system-market-5052/
Table of Contents:
1. Introduction
2. Research Methodology
2.1. Research Approach
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.2.3. Market Size Estimation
2.2.4. Bottom-Up Approach
2.2.5. top-Down Approach
2.2.6. Growth forecast
2.3. Assumptions for the Study
2.4. Limitations for the Study
3. Executive Summary
3.1. Overview
3.2. Market Analysis, by Product
3.3. Market Analysis, by User Group
3.4. Market Analysis, by Delivery Mode
3.5. Market Analysis, by Deployment Type
3.6. Market Analysis, by Geography
3.7. Competitive Analysis
4. Market Insights
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.1.1. Rising Adoption and Proliferation of E-Learning Industry
4.2.1.2. Increasing Government Initiatives Promoting the Use of E-Learning Solutions and Learning Management Systems
4.2.1.3. Growing Inclination towards Bring Your Own Device Policy
4.2.2. Restraints
4.2.2.1. Reluctance Among Instructors to Adapt to New Technologies
4.2.3. Opportunities
4.2.3.1. Increase in Demand for Gamification in LMS
4.2.3.2. Use of AR & VR in LMS
4.2.4. Challenges
4.2.4.1. Lack of Skilled Trainer and Instructors / Hesitation in Adoption of New Technologies
4.2.4.2. High Cost of Implementation and Lack of Infrastructure
4.2.5. Trends
4.2.5.1. The emergence of S0cial Learning in LMS
4.2.5.2. Distance Learning to Dominate Market
4.2.6. Market Share Analysis
5. Learning Management System Market, by Product offering
5.1. Introduction
5.2. Solution
5.2.1. Content Management
5.2.2. Performance Management
5.2.3. Administration
5.3. Services
5.3.1. Training and Support
5.3.2. Implementation
5.3.3. Strategy and Consulting
5.3.4. Design and Development
6. Learning Management System Market, by User Group
6.1. Introduction
6.2. Education
6.2.1. K-12
6.2.2. Higher Education
6.3. Corporate
6.3.1. ICT
6.3.2. Retail
6.3.3. BFSI
6.3.4. Hospitality
6.3.5. Healthcare
6.3.6. Manufacturing
6.3.7. Government & Defence
7. Learning Management System Market, by Delivery Mode
7.1. Introduction
7.2. Distance Learning
7.3. Instructor Led Learning
8. Learning Management System Market, by Deployment Type
8.1. Introduction
8.2. Cloud
8.3. On Premise
9. Global Learning Management System Market, by Geography
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.3. Europe
9.3.1. U.K.
9.3.2. Germany
9.3.3. France
9.3.4. Italy
9.3.5. Spain
9.3.6. Rest of Europe
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.4.4. Rest of Asia-Pacific (RoAPAC)
9.5. Latin America
9.6. Middle East & Africa
10. Competitive Landscape
10.1. Key Growth Strategies
10.2. Competitive Benchmarking
10.3. Competitive Developments
10.3.1. New Product Launches
10.3.2. Mergers and Acquisitions
10.3.3. Partnerships, Agreements, & Collaborations
10.3.4. Expansions
11. Company Profiles (Business Overview, Financial Overview, Product/Service Portfolio, Strategic Developments)
11.1. Cornerstone On Demand
11.2. Sap Se
11.3. McGraw-Hill Education, Inc.
11.4. Skillsoft
11.5. D2l Corporation
11.6. MPS Interactive Systems
11.7. Adobe, Inc.
11.8. Absorb Software Inc.
11.9. Pearson Plc
11.10. Saba Software Inc.
11.11. Docebo
11.12. Epignosis
11.13. Oracle Corporations
11.14. Moodle
11.15. Blackboard Inc.
11.16. IBM
12. Appendix
12.1. Questionnaire
12.2. Available Customization
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Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, with the help of its unique research methodologies, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa regions.
With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.
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Artificial Intelligence
Precisely Continues to Expand Reach and Capabilities for Data Enrichment and Geo Addressing
New global Address Fabric™ and Property Attributes offerings help customers access unparalleled location-based insights, supercharged by the PreciselyID
BURLINGTON, Mass., May 9, 2024 /PRNewswire/ — Precisely, the global leader in data integrity, today announced further expansions in the global coverage and capabilities of its data enrichment and geo addressing portfolio. New additions to the Address Fabric and Property Attributes products underscore the company’s continued commitment to helping customers easily unlock greater location-based context from their data, enabled by its unique and persistent identifier, the PreciselyID.
Virtually every business worldwide captures and stores address information, with the average large business in the United States now estimated to store over 100 million unique addresses. However, navigating the inherent data integrity challenges is notoriously difficult, as it involves new buildings, changing street names, different country formats, and more.
Expanded Address Fabric Reach
Precisely customers can now access the Address Fabric dataset for Great Britain, France, and New Zealand – providing the most current and comprehensive lists of all known physical addresses across these countries. The new datasets expand Precisely’s existing coverage for the United States, Canada, and Australia.
Address Fabric data is easy to use with any database and analytics environment without needing specific geospatial expertise or tools. Customers can analyze address locations for various applications, including identifying new serviceable addresses, discovering new customers through look-a-like analysis, or selecting a site for new stores or network expansion opportunities.
Comprehensive Property Attributes Information
Precisely also announced the expansion of its Property Attributes products for the United States with 26 new attributes now available via integration with Multiple Listing Service (MLS) data. The MLS database of property listings is used by real estate agents to share information about homes currently on the market, including whether a property is affiliated with a Homeowner’s Association or if it’s considered a rental property.
With the latest updates, Property Attributes products now include over 230 different property information attributes across virtually every county located in the United States, providing a highly comprehensive view of a property and its key characteristics, such as details on land use, square footage, construction materials, and year built.
Address Fabric and Property Attributes leverage best-in-class geo addressing solutions from Precisely to provide the most accurate location information possible. Because each record is appended with a unique PreciselyID that remains persistent even when address elements change, customers can unlock greater value by enriching their data with additional information such as points of interest data, risk factors, demographics data, and much more.
“Precisely continues to be at the forefront of data enrichment and geo addressing solutions, enabling customers where they are on their data journey and supporting them with access to consistent location-based insights across their countries of operation,” said Dan Adams, Senior Vice President and General Manager for Data Enrichment at Precisely. “An essential element of data integrity, our unique PreciselyID makes address management and enrichment simple by eliminating time-consuming data preparation and augmenting insights with rich, relevant context.”
Precisely is renowned for its expertise in helping customers reveal maximum context from their data, with a comprehensive portfolio that includes over 400 datasets containing more than 9000 attributes. The company also recently joined the Overture Maps Foundation, founded by Amazon Web Services (AWS), Meta, Microsoft, and TomTom, providing guidance on location intelligence and data enrichment to help drive exciting new advancements in geospatial technology.
Learn more about the Precisely portfolio of data enrichment and geo addressing capabilities.
About PreciselyPrecisely is the global leader in data integrity, providing accuracy, consistency, and context in data for 12,000 customers in more than 100 countries, including 99 of the Fortune 100. Precisely’s data integration, data quality, data governance, location intelligence, and data enrichment products power better business decisions to create better outcomes. Learn more at www.precisely.com.
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Artificial Intelligence
The Australia Data Center Market Size Will Witness Investments of $7.71 Billion by 2029 – Get Insights on 135 Existing Data Centers and 23 Upcoming Facilities across Australia – Arizton
CHICAGO, May 9, 2024 /PRNewswire/ — According to Arizton’s latest research report, the Australia data center market is growing at a CAGR of 3.22% during 2023-2029.
To Know More, Click: https://www.arizton.com/market-reports/australia-data-center-market-investment-analysis
Australia Data Center Market Report Scope
Report Attributes
Details
Market Size (Investment)
USD 7.71 Billion (2029)
Market Size (Area)
1,460.0 thousand sq. Feet (2029)
Market Size (Power Capacity)
303.0 MW (2029)
CAGR Investment (2023-2029)
3.22 %
Colocation Market Size (Revenue)
USD 2.05 Billion (2029)
Historic Year
2020-2022
Base Year
2023
Forecast Year
2024-2029
The data center market in Australia has been witnessing significant growth in investments over the past few years. It is expected to grow at an absolute growth rate of around 20% between 2023-2029. Australia is among the top destinations for data center investments in the APAC region.
Sydney, Melbourne, and Perth are the primary data center hubs hosting most data centers in the country. Canberra, Brisbane, Darwin, and other cities are among the emerging locations in Australia with abundant land availability for data center development.
Investment Opportunities
In November 2023, OVHcloud announced the launch of its upcoming SYD3 Sydney data center facility, which is expected to be operational in 2024.In November of 2023, Rest Super invested about $656 million in a data center in Brisbane, which Quinbrook Infrastructure Partners are developing.In November 2023, NEXTDC announced the development of the D1 data center facility in Darwin; the facility is expected to go operational by Q2 2024.AirTrunk announced the expansion of its SYD2 data center campus in Sydney; once fully built, the facility will account for an additional power capacity of around 30 MW, making it an aggregate capacity of around 120 MW. This second phase is expected to be completed in 2024. AirTrunk’s upcoming SYD3 Sydney facility calls for an aggregate investment of about $670 million.In an August 2023 news article, Macquarie Data Centres revealed its plan to expand its upcoming IC3 Super West facility in Sydney regarding power capacity. As per January 2024 news article, Macquarie Data Centres has received approval to build/grow the IC3 Super West, its third facility in Sydney.In August 2023, STACK Infrastructure announced the MEL01 A data center launch in Melbourne, located at 399 Palmers Road. The entire campus will have a power capacity of around 72 MW, divided equally between buildings A and B. As of early 2024, Building B is still a work in progress. Furthermore, the company plans new facilities in Canberra, Hume, and Perth.Rising Procurement of Renewable Energy in Australia Boosting the Market Opportunities
In 2022, according to IRENA, solar energy accounted for around 61% of Australia’s overall renewable energy capacity, followed by wind, hydro, and bioenergy (in decreasing order), from which renewable power is extracted for all the sustainable energy needs of the country. Australia aims to achieve its target of zero carbon emissions by 2050. The country announced plans to reach almost 43% less emission than in 2005.
According to the Australia National Electricity Market (NEM), the renewable energy share in the country is expected to reach around 41% by 2030. By 2025, Australia aims to achieve 100% instantaneous renewable energy for its main grid, starting with a half-hour period and gradually increasing to cover hours and days. This transition will be facilitated by an increase in wind, solar, and energy storage solutions to meet the country’s new target of 82% renewables by 2030. The retirement of coal-based power generation facilities in the coming years will contribute to this goal.
Microsoft in Australia Recent Development During 2022-2024:
In October 2023, Microsoft, a hyperscale tech giant, decided to expand its footprint in Australia by investing over $3 billion to increase and expand its computing capacity in the country by over 250% in the next two years. It is expected to go live by late 2025.In July 2023, Microsoft announced the completion of the construction of Building 1 of the Station Road data center; Building 2 is still a work in progress. This is expected to be completed by late 2024.Why Should You Buy This Research?
Market size is available in terms of investment, area, power capacity, and Australia colocation market revenue.An assessment of the data center investment in Australia by colocation, hyperscale, and enterprise operators.Investments in the area (square feet) and power capacity (MW) across cities in the country.A detailed study of the existing Australia data center market landscape, an in-depth market analysis, and insightful predictions about market size during the forecast period.Snapshot of existing and upcoming third-party data center facilities in AustraliaFacilities Covered (Existing): 135Facilities Identified (Upcoming): 23Coverage: 20 LocationsExisting vs. Upcoming (Area)Existing vs. Upcoming (IT Load Capacity)Data Center Colocation Market in the AustraliaColocation Market Revenue & Forecast (2023-2029)Retail Colocation Revenue (2023-2029)Retail Colocation PricingThe Australia data center market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry.Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the market.A transparent research methodology and the analysis of the demand and supply aspects of the market.Market Segmentation
IT InfrastructureServersStorage SystemsNetwork InfrastructureElectrical InfrastructureUPS SystemsGeneratorsSwitches & SwitchgearsPDUsOther Electrical InfrastructureMechanical InfrastructureCooling SystemsRack CabinetsOther Mechanical InfrastructureCooling SystemsCRAC and CRAHChillersCooling Towers, Condensers and Dry CoolersEconomizers and Evaporative CoolersOther Cooling UnitsGeneral ConstructionCore & Shell DevelopmentInstallation & commissioning ServicesBuilding & Engineering DesignFire Detection & Suppression SystemsPhysical SecurityData Center Infrastructure Management (DCIM)Tier StandardTier I & Tier IITier IIITier IVGeographySydneyMelbournePerthOther CitiesVendor Landscape
IT Infrastructure Providers: Arista Networks, Atos, Broadcom, Cisco Systems, Dell Technologies, Extreme Networks, Hewlett Packard Enterprise, Hitachi Vintara, IBM, Juniper Networks, Lenovo, Oracle, Pure Storage, Quanta Cloud Technology, and Super Micro Computer.Data Center Construction Contractors & Sub-Contractors: AECOM, A W Edwards, Aurecon, Benmax, BGIS, Dem, FDC Construction & Fitout, FKG Group, Greenbox Architecture, HDR (Hurley Palmer Flatt), Hutchinson Builders, Icon, ISG, John Holland, Kapitol Group, Linesight, Manteena Group, Nilsen, Paramount Airconditioning, Parratech, SCEE Group, Stowe Australia, & Taylor Group Construction.Support Infrastructure Providers: ABB, Airedale, Alfa Laval, Canovate, Caterpillar, Condair, Cummins, Delta Electronics, Eaton, Everett Smith & Co, Green Revolution Cooling, HITEC Power Protection, Kohler, Legrand, Mitsubishi Electric, Piller Power Systems, Rittal, Rolls Royce, Schneider Electric, STULZ, Thycon, & Vertiv.Data Center Investors: 5G Networks, AirTrunk, Amazon Web Services, CDC Data Centres, DC Two, DCI Data Centers, Digital Realty, Equinix, Edge Centres, Fujitsu, Global Switch, Leading Edge Data Centres, Keppel Data Centres, Macquarie Data Centres, Microsoft, NEXTDC, & STACK Infrastructure.New Entrants: GreenSquareDC, Stockland, Supernode, Trifalga, & Vantage Data Centers.Key Questions Answered in the Report:
Q: How big is the Australia data center market?
Q: How much MW of power capacity will be added across Australia from 2024 to 2029?
Q: What is the growth rate of the Australia data center market?
Q: What factors are driving the Australia data center market?
Q: Which cities are included in the Australia data center market report?
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Artificial Intelligence
Invoca Named a Leader in Real-Time Revenue Execution Platforms Report
Report recognises Invoca’s innovative platform for delivering “game-changing AI capabilities to revenue teams.”
SANTA BARBARA, Calif., May 9, 2024 /PRNewswire/ — Invoca today announced that Forrester Research has named Invoca as a Leader in The Forrester Wave™: Real-Time Revenue Execution Platforms, Q2 2024 report. Forrester evaluated the most significant revenue execution platform vendors based on three main categories — current offering, strategy, and market presence — along with interviews with customers. Invoca is the top-ranked vendor in both the current offering and strategy categories and among the top-ranked in market presence. Invoca also received the highest possible score in 19 of the 31 evaluation criteria, including AI differentiators, AI: large language model utilisation, Marketing: performance optimisation, In-call guidance: pre-call insights, System configuration: privacy, and Interaction capture: integrations.
The report states, “[Invoca’s] success starts with a vision focused on enabling revenue teams to drive growth by delivering the most complete platform for optimising the entire buying experience. Invoca has a track record of innovation that continues to raise the bar on what is possible to fulfil its vision.”
Revenue Execution Platforms Unify the Buying Journey to Drive Revenue Growth
Invoca’s revenue execution platform enables revenue teams to connect customer buying journey data across the marketing team that engages customers and the sales teams that close the deals. By using a comprehensive revenue execution platform, revenue teams can finally connect their marketing investments directly to revenue, improve digital engagement, and drive higher-quality leads.
Invoca also enables sales teams in the contact centre or at distributed business locations to access information from the customer’s digital journey from a centralised source, enabling them to provide the best call experience possible and close more sales opportunities.
Revenue Execution Platforms Needed to Power Today’s Buyer Journey
“B2C revenue teams across marketing and sales are feeling more pressure to directly connect revenue to their investments. But a lack of alignment and poor visibility of the full buying journey makes that nearly impossible,” said Peter Isaacson, Chief Marketing Officer at Invoca. “I believe Invoca was named a revenue execution Leader because we help marketing and sales teams manage the complete buyer journey from the first click to the final sale, so they can drive revenue growth.”
By using Invoca’s comprehensive revenue execution platform, revenue teams can connect their paid media investments directly to revenue, improve digital engagement and deliver the best buyer experiences to drive more sales. The Forrester report states that “reference customers rave about the versatility of the platform and its collaboration with customers around enhancements.”
Windstream, an Invoca customer, embodies this approach to revenue execution by tightly aligning the marketing and sales teams so they can work together to increase revenue.
“We’re a better marketing organisation because we have a strong partnership with sales,” said Aaron Pierce, VP of Marketing at Windstream. “Our teams have realised that we make each other better — I think that’s the biggest win. And now, when we have a problem, we can put all the smartest people together in the room to tackle it.”
“The Invoca platform has allowed us to unlock a ‘full-funnel’ view of our marketing performance that incorporates both online and offline,” said Lorenzo Clark, VP of Digital Sales at Windstream. “Now, we can get a read on lead quality because we can see what’s happening on sales calls and also track sales performance on a lead-by-lead basis.”
The Forrester Wave™The Forrester Wave™ is Forrester’s evaluation of top products in a technology market. The report assesses the core capabilities and strategies of these products based on an executive strategy briefing and/or product demo session, criteria questionnaire, and customer reference calls/surveys.
The Forrester Wave™: Real-Time Revenue Execution Platforms, Q2 2024 report is available for download here.
Additional Resources:
Learn more about Revenue Execution Platforms: https://www.invoca.com/uk/product/revenue-execution-platformHow real-time revenue execution platforms drive business growth: https://www.invoca.com/uk/blog/revenue-execution-platformThe 5 Revenue Execution Platform Uses You Need to Know About: https://www.invoca.com/uk/blog/revenue-execution-platform-usesAbout InvocaInvoca is the leading revenue execution platform to connect marketing and sales teams to enable them to track and optimise the buying journey and drive more revenue. By using a comprehensive revenue execution platform with deep integrations with leading technology platforms, revenue teams can better connect their paid media investments directly to revenue, improve digital engagement, and deliver the best buyer experiences to drive more sales. With Invoca, top consumer brands, including AutoNation, DIRECTV, Mayo Clinic, Mutual of Omaha, and Verizon, experience unbelievable results powered by undeniable data. Invoca has raised $184M from leading venture capitalists, including Upfront Ventures, Accel, Silver Lake Waterman, H.I.G. Growth Partners, and Salesforce Ventures. For more information, visit www.invoca.com.
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