Pre & Post COVID-19 Market Estimates-Corporate Learning Management System Market 2020-2024


The corporate learning management system market is expected to grow by USD 12.48 billion during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. The impact can be expected to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth, according to the latest market research report by Technavio.



Cloud-based LMS services significantly reduce operational costs as they do not require servers to install the services. This is very helpful for small and mid-size companies that lack skilled staff and expertise in managing operations. Also, cloud-based services ensure hassle-free system upgrades and maintenance which helps companies stay abreast with the continuously changing market dynamics. Many such benefits are increasing the adoption of cloud-based LMS services among companies. To capitalize on this trend, prominent vendors, including TalentLMS, Haiku Learning, Scholar LMS, and WizIQ have started to offer cloud-based LMS services. Therefore, the increasing shift toward the adoption of cloud-based LMS services is expected to fuel the growth of the global corporate learning management system market during the forecast period.
Download the free sample report @ https://bit.ly/2WMfA5I

As per Technavio, the replacement of legacy LMS will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
Corporate Learning Management System Market: Replacement of Legacy LMS
Organizations are considering the replacement of their traditional LMS services with next-generation LMS services to cope up with evolving demands in the market. For instance, many companies are adopting wearable technologies to capture employee data to evaluate social and physical parameters. The adoption of such advanced technologies is creating significant growth opportunities for vendors to develop applications that can meet the huge demand. This is also attracting new players to enter the market and explore opportunities. These factors are expected to result in the introduction of advanced applications at competitive prices, thereby boosting the growth of the global corporate learning management system market.

Comments

Post a Comment

Popular posts from this blog

How Technology Will Continue to Shape the Trade Finance Market

Image
The global trade finance market size is expected to grow by USD 8.47 billion during 2018-2022. Technavio’s market research report offers a complete analysis of the market based on trade finance instrument (traditional trade finance instruments, supply chain finance, and structured trade finance) and geography (the Americas, APAC, and EMEA). The trade finance market research the report analyses the market’s competitive landscape and offers information on several companies including BNP Paribas, Citigroup, HSBC Group, JPMorgan Chase, and Wells Fargo. Download the Free Sample Report Because of the undergone changes in the trade finance market in the past few years direct results of several different factors, including changes in regulations, corporate behavior, and increased competition. The largest impact on the market has come from headways in technology. Technology integration into trade finance has streamlined processes, improve relationships between banks and financ...
Read more

Liquid Silicone Rubber Market – Latest Insights on Forecast and Analysis 2020-2024

Image
The liquid silicone rubber market size has the potential to grow by USD 715.78 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. Market Competitive Analysis The market is concentrated, and the vendors in this marketspace mainly compete based on factors such as the cost of production, innovation in products, price, operational cost, R&D cost, and product quality. Focusing on increasing their product portfolio, liquid silicone rubber suppliers are increasingly investing in R&D activities. CHT Group, Elkem ASA, and KC Co. Ltd. are some of the major market participants. Although the rising demand for lightweight materials in the automotive industry will offer immense growth opportunities, the fluctuation in raw material prices will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth pro...
Read more

Scented Candles Market – Top Insights on The Latest Trends

Image
The  scented candles market  size has the potential to grow by USD 1816.06 mn during 2020-2024 Market Competitive Analysis The market is fragmented. Bolsius International BV, Diptyque SAS, Godrej Consumer Products Ltd., NEST Fragrances, Newell Brands Inc., Reckitt Benckiser Group Plc, S.C. Johnson & Son Inc., ScentAir Technologies LLC, The Bridgewater Candle Co., and The Procter & Gamble Co. are some of the major market participants. Factors such as increasing investment in household interiors, growing home décor market, and diversified product portfolio of key vendors will offer immense growth opportunities. However, stiff competition from the unorganized sector, emission of toxic fumes, and criticality of inventory management and product sourcing may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing ...
Read more