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New York, April 26, 2023 (GLOBE NEWSWIRE) — As per a recent report by Reports Insights, the Learning Management Systems (LMS) market is ready for exponential expansion and is estimated to reach over USD 69.69 Billion by 2030. The market, which was valued at USD 17.36 Billion in 2022, is expected to grow at a compound annual growth rate of 19.2% during the period 2023-2030. The report presents an evaluation of the market’s competitive environment, regional patterns, segmentation, and emerging technologies. The objective of the study is to offer a complete comprehension of the market’s dynamics and the factors propelling its expansion. This assessment is founded on a thorough examination of the market’s past and current trends, macro-economic aspects, and industry dynamics, which are anticipated to influence the market’s growth trajectory in the projected period.
Businesses that invest in a learning management system (LMS) witness a favorable outcome in terms of employee retention and productivity. LMS acts as an effective tool for delivering employee training and development programs as per business requirements. The programs help to equip employees with the knowledge and skills required to make advances within their specific career and organization. Hence, the favorable adoption of LMS within organizations to increase employee retention is expected to offer lucrative opportunities for the market.
Moreover, businesses are becoming more globalized, the need for multilingual and multicultural learning solutions is expected to grow. LMS providers are responding to this demand by offering platforms that support multiple languages and cultures.
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The COVID-19 pandemic has accelerated the trend towards remote work. As more people work from home, the demand for remote learning solutions, including LMS, has witnessed an increase in demand during the pandemic. For instance, according to the news release published by The Bureau of Labor Statistics in February 2022, approximately 34 percent of Private based employers offered favorable opportunities for their employees to work remotely during the COVID-19 pandemic. Moreover, the advent of pandemic has forced almost 60 percent of employers to maintain these policies in coming years. Thus, the growing adoption of remote work policies among businesses as well as professionals is anticipated to create profitable avenues for the learning management systems (LMS) market.
The growing integration of technologies such as artificial intelligence (AI) and machine learning is expected to offer more sophisticated features and capabilities to LMS providers to enhance the learning experience of individuals in academic and corporate spaces.
LMS providers are increasingly integrating their systems with other learning technologies such as learning experience platforms (LXPs), video conferencing tools, and virtual reality (VR) platforms. This integration is expected to provide more comprehensive learning solutions, which will increase the adoption of LMS.
Personalized learning is becoming increasingly important as educators recognize the benefits of customizing the learning experiences for individual students. Hence, the growing preference for personalized learning experiences among students as well as professionals is anticipated to create lucrative opportunities for the LMS market.
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|Report Attributes||Report Details|
|Market Size By 2030||USD 69.69 Billion|
|Key Players||Blackboard Inc. (Anthology), Instructure, Inc., IBM, Docebo, Oracle, Infor, SAP SE, Adobe, PowerSchool, LearnWorlds. Open LMS (Learning Technology Group plc), 360Learning, iSpring, SkyPrep Inc., Tovuti LMS, WBT Systems|
|By Component||Software and Service|
|By Deployment Model||On-Premise and Cloud|
|By User Type||Academic (K-12 and Higher Education) and Corporate (Retail, Healthcare, Government & Defense, Manufacturing, IT & Telecom, Hospitality, Automotive, and Others)|
|Report Coverage||Company Ranking and Market Share, Regional Competitive Landscape, Growth Factors, Total Revenue Forecast, Business Strategies, and More.|
|By Geography||North America
Middle East & Africa
Key Market Takeaways
- North America accounted for the highest market share over 33.1% in 2022 due to the established presence of various market players such as Blackboard Inc. (Anthology), Instructure, Inc., Oracle, Tovuti LMS, and others in the region.
- The global Learning Management Systems (LMS) market size is projected to reach over USD 69.69 Billion by 2030 with an excellent CAGR of 19.2% during the forecast period (2023-2030).
- Based on the component segment, the service segment accounted for the highest market share in 2022.
- Based on the deployment model segment, the on-premise segment accounted for the highest market share in 2022.
- Based on the user type, the corporate segment accounted for the highest market share of the learning management systems (LMS) market statistics in 2022.
- Asia Pacific is estimated to register the fastest CAGR rate of over 19.6% during the forecast period. The growing adoption of e-learning among students and professionals is expected to create profitable avenues for the Learning Management Systems (LMS) market in the region.
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Learning Management Systems (LMS) Market Growth Drivers:
- The globalization of the workforce in various organizations has led to the need for LMS platforms that support multilingual and multicultural learning environments. The favorable demand for LMS platforms to deliver content in different languages and adapt to local cultural norms is highly valued in the global market.
- The need for cost reduction has become even more pressing in the wake of the COVID-19 pandemic, as many organizations have had to shift their training programs to remote or hybrid formats. LMS solutions have been instrumental in facilitating this transition and ensuring that employees can continue to receive the training and education they need to perform their jobs effectively.
- Various LMS platforms offer limited scope of customization, especially for educational institutions. As a result, the limited adoption of LMS solutions by several institutions due to lack of personalization options adversely impacts the learning management systems (LMS) market growth.
- Several LMS providers offer limited customization options, which acts as a restricting factor for organizations that have specific needs. This leads to dissatisfaction with the LMS and a reluctance to invest in the system.
As per the study, various key players such as Blackboard Inc. (Anthology), Instructure, Inc., Oracle, IBM, SAP SE, and Adobe, are leading companies operating in the latest market space. The LMS market is highly competitive, with providers competing on features, pricing, and ease of use. The market is also evolving rapidly, with the shift towards cloud-based solutions, mobile learning, and AI-powered analytics driving innovation and new product development.
In March 2023, Anthology introduced the Anthology Education and Research Center’s actionable research and thought leadership hub website. The website is the Center’s newest undertaking to assist the education and education technology communities by providing practical research and thought leadership.
In March 2023, Instructure introduced a latest feature called Canvas Admin Analytics for their learning management system named Canvas. The new feature is meant to be accessible by all Canvas LMS users at no extra charge and offers powerful self-service analytics to help administrators track the adoption and usage of Canvas, as well as course activity, outcomes, and student engagement.
List of Major Learning Management Systems (LMS) Market Players
- Blackboard Inc. (Anthology)
- Instructure, Inc.
- SAP SE
- Open LMS (Learning Technology Group plc)
- SkyPrep Inc.
- Tovuti LMS
- WBT Systems
Global Learning Management Systems (LMS) Market Segmentation:
- By Component
- By Deployment Model
- By User Type
- Higher Education
- Government & Defense
- IT & Telecom
Key Questions Covered in the Learning Management Systems (LMS) Market Report
- What factors are taken into consideration in PORTER’s and PESTEL analysis that reflect the current state of the Learning Management Systems (LMS) market?
- The factors such as the number and market position of a specific company’s competitive rivals, potential new market entrants, customers, suppliers, and alternative products that affect a company’s profitability are included in PORTER’s analysis. However, the factors including social factors, political situation in a particular country, environmental factors, technological developments, the legality of actions, and economics are deeply analyzed in PESTEL analysis of the advanced process control market.
- What are the primary drivers behind the increased demand for Learning Management Systems (LMS) among businesses?
- The primary market drivers are the increasing demand for e-learning, the need for personalized learning, the rise of remote work, and growing awareness of the benefits of e-learning.
- Who are the major market players in the latest Learning Management Systems (LMS) market, and which company has the largest market share?
- Blackboard Inc. (Anthology), Instructure, Inc., IBM, Oracle, and Tovuti LMS are major companies that comprise the latest Learning Management Systems (LMS) market competitive landscape.
• How competitive is the Learning Management Systems (LMS) industry, and what factors will influence its competitiveness in the future?
- The Learning Management Systems (LMS) market is highly competitive where companies offer product innovations to maintain market position in this rapidly evolving market, with the shift towards cloud-based solutions, and mobile learning.
- What information is covered in recent advancements and trends in the Learning Management Systems (LMS) market, and how are they affecting the industry?
- The factors related to advancements in Industry 4.0, improvements in natural language processing models, adoption of 5G internet, Internet of Things, and others are covered in recent advancements and trends of in the advanced process control market.
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HER HIGHNESS SHEIKHA MOZA OPENS 11TH EDITION OF WISE SUMMIT
Safeena Husain recognized as the 2023 Wise Prize for Education Laureate for work with Educate Girls
DOHA, Qatar, Nov. 28, 2023 /PRNewswire/ — Her Highness Sheikha Moza bint Nasser, Chairperson of Qatar Foundation, spoke at the opening of the 11th edition of the WISE Summit taking place from 28-29 November in Doha, Qatar, under the theme ‘Creative Fluency: Human Flourishing in the Age of AI’.
Her Highness Sheikha Moza said: “I want to ensure WISE is a platform for new ideas that keep pace with the changes taking place in the world, and the obstacles that education faces in certain countries for reasons of which we are all too aware. There is no alternative but to innovate if we are to find solutions to intractable problems.”
During the opening plenary, Her Excellency Sheikha Hind bint Hamad Al Thani, Vice Chairperson and CEO of Qatar Foundation, awarded the prestigious WISE Prize for Education. This is the first global award of its kind that honors an individual for an outstanding contribution to education. Husain was recognized for dedicating 16 years to building the non-profit organization focused on empowering communities for girls’ education in some of India’s hardest to reach villages.
Over the years, Educate Girls has mobilized more than 1.4 million girls for enrolment and supported over 1.9 million children in their learning in India. Thanks to a precision targeting method using AI, Educate Girls is able to target, in 5 years, the same number of out-of-school girls, which would otherwise require 45 years. Through a network of over 21,000 community-based champions in some of the most marginalized communities in the country, the organization has been working to break the intergenerational cycle of inequality and exclusion.
Commenting on the award, Husain said: “This is a collective win for all of us working toward girls’ education, right from the government and local communities to dedicated gender champions and our supporters. It is a testament to the array of initiatives that are actively addressing this global challenge to ensure that every girl, in every village, is in school and learning well.
“Girls’ education is the closest thing we have to a silver bullet to solve some of the world’s most complex problems. We must recognize that the right to education is a girl’s inherent right – a right that must always take center stage.”
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Cisco Doubles Down on Network Assurance with AWS
Cisco delivers seamless integration between ThousandEyes and Amazon CloudWatch Internet Monitor.ThousandEyes’ unmatched cloud and Internet visibility combined with AWS’s Internet health and performance insights will allow a complete view of an application’s entire service delivery path, across private environments, the public Internet and into AWS’s network.Customers benefit from new operational insights and recommendations enabling them to optimize deployments and assure exceptional digital experiences for any AWS-hosted application.LAS VEGAS, Nov. 28, 2023 /PRNewswire/ — AWS re:Invent — Today at AWS re:Invent 2023, Cisco (NASDAQ: CSCO) announced new integrations between Cisco ThousandEyes and Amazon CloudWatch Internet Monitor (CWIM), a new Internet monitoring service from Amazon Web Services (AWS). The first-of-its-kind integration empowers customers with unparalleled visibility into their cloud deployments, enabling them to deliver unmatched optimized digital experiences.
With this new integration, customers can leverage operational insights to ensure optimal placement of AWS instances and monitoring coverage based on user traffic profiles. This integration comes on the heels of ThousandEyes announcing AWS Network Path Enrichment, giving customers deeper visibility into AWS by enriching ThousandEyes Path Visualization with data from AWS data sources—helping customers work more collaboratively with providers to resolve issues that are impacting application performance.
Building upon the existing relationship between AWS and Cisco, the new integration demonstrates Cisco’s deep commitment to its end-to-end network assurance vision. Cisco securely and sustainably connects everyone to everything and assures the digital experience of every one of those connections. By working with AWS, Cisco is delivering on its promise to provide visibility into every domain that impacts digital experience—whether user, enterprise, Internet, or cloud—so it can ultimately provide artificial intelligence (AI)-driven insights, recommendations, and remediations to support the digital transformation of every customer, wherever they are on their journey.
“Since launching one year ago, Amazon CloudWatch Internet Monitor has delivered real-time insights into the traffic and performance of our customers’ AWS VPCs, CloudFront distributions, and Workspaces towards Internet destinations. In-depth Internet visibility is critical to our customers, so we’re excited to combine forces with ThousandEyes to provide a comprehensive view of Internet health.” — Robert Kennedy, VP of AWS Border Network Engineering, AWS
“Connectivity is key to Sutherland’s business model and to our customer interactions. Cloud visibility is a big part of that and with ThousandEyes’ end-to-end visibility all the way from our employees’ home environments to AWS, we’re able to quickly catch and resolve issues which allows us to deliver consistent high-quality application experiences to both our employees and customers.”—Ted Sanfilippo, VP Infrastructure, Head of Global Network Services and GTOC, Sutherland
“Customers today need to assure digital experiences over any network—the ones they own and the ones they don’t. As the leader in Internet visibility, Cisco is on a mission to deliver unmatched, end-to-end network assurance. Today’s integration with AWS demonstrates our shared commitment to empower our customers to more effectively monitor and manage their cloud environments.”— Mohit Lad, Senior Vice President and General Manager, Network Assurance, Cisco, and Co-Founder, ThousandEyes
For more information and live demos visit ThousandEyes at AWS re:Invent at booth #1621. Join our Lightning Talk on the exhibit floor: NET102-S, “Extending ThousandEyes visibility to the AWS network,” November 28 at 3:30 PM – 3:50 PM (PDT)
The Amazon CloudWatch Internet Monitor integration will be available in Cisco ThousandEyes in spring 2024. The ThousandEyes platform is available for purchase today in AWS Marketplace.Additional Resources
ThousandEyes Announcement BlogAWS Marketplace: CiscoCisco at AWS re:Invent 2023Additional Cisco news at AWS re:InventAbout CiscoCisco (NASDAQ: CSCO) is the worldwide technology leader that securely connects everything to make anything possible. Our purpose is to power an inclusive future for all by helping our customers reimagine their applications, power hybrid work, secure their enterprise, transform their infrastructure, and meet their sustainability goals. Discover more on The Newsroom and follow us on X at @Cisco. Cisco and the Cisco logo are trademarks or registered trademarks of Cisco and/or its affiliates in the U.S. and other countries. A listing of Cisco’s trademarks can be found at www.cisco.com/go/trademarks. Third-party trademarks mentioned are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company.
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Artificial Neural Network Market to Reach $1.4 Billion by 2032 at 19.9% CAGR: Allied Market Research
The growing demand for AI-based solutions and the rising need for intelligent business processes are expected to drive the global artificial neural network market growth.
NEW CASTLE, Del., Nov. 28, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Artificial Neural Network Market by Component (Solution and Service), Deployment Mode (On-premise and Cloud), Enterprise Size (Large Enterprises and Small & Medium-sized Enterprises), and Industry (Healthcare, BFSI, Retail and E-commerce, Manufacturing, Automotive, and Others): Global Opportunity Analysis and Industry Forecast, 2022–2032”. According to the report, the artificial neural network industry generated $227.8 million in 2022 and is anticipated to generate $1.4 billion by 2032, witnessing a CAGR of 19.9% from 2023 to 2032.
Prime determinants of growth
The notable factors positively affecting the artificial neural network market include the growing demand for AI-based solutions and the rising need for intelligent business processes. However, a lack of computational resources and a skilled workforce with expertise in artificial neural network (ANN) can hinder market growth. Furthermore, advancements in big data analytics and the availability of high-performance computing systems offer lucrative market opportunities for the market players.
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Report coverage & details:
Market Size in 2022
Market Size in 2032
No. of Pages in Report
Component, Deployment Mode, Enterprise Size Industry, and Region.
Growing demand for AI-based solutions
The rising need for intelligent business processes
Advancements in big data analytics.
The availability of high-performance computing systems.
A lack of computational resources and a skilled workforce with expertise in artificial neural network (ANN)
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The solution segment to maintain its leadership status throughout the forecast period
Based on component, the solution segment held the highest market share in 2022, accounting for less than two-fifths of the artificial neural network market revenue, and is estimated to maintain its leadership status throughout the forecast period. This is attributed to the growing need for a high level of personalization which is one of the primary reasons enterprises are increasing their investment in the artificial neural network market. However, the services segment is projected to manifest the highest CAGR of 21.8% from 2023 to 2032. The services segment is expected to witness the highest growth, as these services help to reduce the time and costs associated with optimizing systems in the initial phase of deployment.
The on-premise segment to maintain its lead position during the forecast period
Based on deployment mode, the on-premise segment accounted for the largest share in 2022, contributing for more than one-fourth of the artificial neural network market revenue. An increase in the need for secure and reliable data within the organization is fueling the market growth for on-premises-based artificial neural network solutions. However, the cloud segment is expected to portray the largest CAGR of 21.2% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. It provides several advantages such as reducing costs, supporting business, and effectively controlling the business environment in the organization.
The large enterprises segment to maintain its lead position during the forecast period
Based on enterprise size, the large enterprises segment accounted for the largest share in 2022, contributing for more than one-fourth of the artificial neural network market revenue, owing to the growing demand for artificial neural network solutions in large enterprises which is fueling the market growth in these enterprises. However, the small and medium-sized enterprises segment is expected to portray the largest CAGR of 22.2% from 2023 to 2032 and is projected to maintain its lead position during the forecast period. It provides various benefits to the small and medium-sized enterprises organization.
The healthcare segment to maintain its lead position during the forecast period
Based on industry vertical, the healthcare segment accounted for the largest share in 2022, contributing for less than two-fifths of the artificial neural network market revenue, owing to the development of digital technologies in IT sector. However, the manufacturing segment is projected to manifest the highest CAGR of 24.3% from 2023 to 2032. The surge in implementation of automation trends and the increase in utilization of digital technology in this sector are expected to provide lucrative opportunities for the market.
North America region dominated the global artificial neural network market in 2022
Based on region, the North America segment held the highest market share in terms of revenue in 2022, accounting for less than two-fifths of the artificial neural network market revenue. The increase in the usage of artificial neural network solutions in businesses to improve businesses and the customer experience is anticipated to propel the growth of the market in this region. However, the Asia-Pacific segment is projected to manifest the highest CAGR of 21.8% from 2023 to 2032. Countries such as China, India, and South Korea are at the forefront, embracing digital technologies to enhance their effectiveness and competitiveness, which is further expected to contribute to the growth of the market in this region.
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Recent Product launches in the Artificial Neural Network Market
In April 2023, Google LLC launched a cloud-based automation toolkit for healthcare organizations and previewed Med-PaLM 2, a neural network capable of answering medical exam questions.In August 2021, IBM Corporation unveiled details of the upcoming new IBM Telum Processor designed to bring deep learning inference to enterprise workloads to help address fraud in real-time..Recent Partnerships in the Artificial Neural Network Market
In June 2023, Snowflake partnered with Microsoft to simplify joint customers’ artificial intelligence projects. A core focus of the collaboration is Microsoft’s Azure OpenAI Service. It provides cloud-based versions of OpenAI LP’s machine learning models, including GPT-4.In November 2021, Qualcomm Technologies partnered with Google Cloud, on Neural Architecture Search (NAS), enabling the companies to create and optimize AI models automatically rather than manually.Leading Market Players: –
Amazon Web Services Inc. Google Inc. Hewlett Packard Enterprise Development LP IBM Corporation Intel Corporation Microsoft Corporation NVIDIA Corporation Oracle Corporation Qualcomm Technologies Inc. Salesforce Inc.The report provides a detailed analysis of these key players in the artificial neural network market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different countries. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
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