LMS (Learning Management System) is a learning environment in the digital space on which all aspects of traditional education can be implemented. With the growth of the Internet access and smart devices such as mobile phones, tablets and laptops, the learning environment will no longer be the same as in the past. It is obvious that learning management systems will allow learning anywhere anytime.
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Market / Industry segment of the learning management system market
| Base Year | Market size(B$) | Duration(YEAR) | CAGR(%) | Source Name |
| 2020 | 13.4 | 5 | 14.00% | Market and market |
| 2019 | 9.4 | 6 | 21.11% | Pr news wire |
| 2016 | 5.05 | 9 | 15.52% | Market and research |
| 2016 | 5.05 | 9 | 15.52% | The Insights partners |
| 2019 | 8.76 | 9 | 19.70% | Fortune business insights |
Influencing factors that changes market size of learning management system
The size of the market value changes under the influence of many factors; the increase and decrease in the rate of these influential factors leads to changes in the value of the market size, which is provided by direct and reverse drivers in the market of the learning management system market
Direct drivers:
- Acceptance of digital education
- Corona pandemic
Reverse drivers:
- Lack of enthusiasm and motivation to accept LMS solutions
- Lack of technical support for LMS
- Internet cost
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This market may also be threatened by following risks:
In all different markets and industries, risk is always one of the factors that business founders should be sufficiently aware of. The first step is risk assessment is identification of risks in the market in order to perform risk management. The market of the learning management system market may also be threatened by following risks:
- Competition risk
- Technology risk
- Reputation risk
