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North America Learning Management System Market is Expected to Reach $5.13 Billion in 2018 - New Report by MicroMarket Monitor
Date:8/1/2014

(PRWEB) August 01, 2014

In today’s age, traditional learning methods are futile in helping the overall development of an individual. Hence, these methods need to be revamped, so that the necessary subject expertise and employability skills can be inculcated. In this age of the internet, online learning resources act as a boost to these conventional methods. Thus, learning management systems help in the planning, implementation, and assessment of e-learning methodologies.

As of now, these are proving to be very useful and this trend is going to continue. Globally, the LMS market was valued at $2.55 billion in 2013. It is expected to reach the mark of $7.83 billion by 2018. The market is projected to grow annually at 25.2% during the forecast period, 2013 to 2018. The top industry leaders in this segment are BlackBoard, Moodle, and Desire2Learn.
http://www.micromarketmonitor.com/market-report/learning-management-system-reports-9047179516.html

The total revenue of the North American LMS market has been estimated to be $1.74 billion. It is projected to reach $5.13 billion by 2018. The projection of the annual rate of growth is 24.1%. There are various factors for the high growth of the learning management systems in this region, such as the collaboration between universities, and also the various government initiatives. But integration and customization issues create a challenge for the implementation of these systems.

Browse through the market data tables, figures and detailed ToC on the “North America Learning Management System Market”.

Source: PRWeb
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