Learning Management System Market: Set for a Rapid Growth and is predicted to reach around USD 15.72 Billion by 2021

Learning Management System is a software application used to create, distribute and track training anywhere, anytime on any device. LMS uses web-based technology to manage, track, and to evaluate the performance of participants. It is used for both corporations and educational institutions; to train their participants. LMS has considerable cost benefits and increased employee efficiency and productivity than the traditional forms of learning.

Technavio’s market research analyst predicts that the global learning management system (LMS) market is expected to grow at an impressive CAGR of around 24% during the forecast period. From the current reports the market is predicted to grow from $5.22 billion in 2017 to $15.72 billion by 2021, at a CAGR of 24.7%, the increased interoperability of LMS with mobile devices is the key driver for the growth of LMS market.

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