A recent report by MarketsandMarkets "Learning Management Systems (LMS) Market : Worldwide Market Forecasts and Analysis (2013 - 2018)" forecasts that the LMS market will grow to $7.83bn by 2018.
The report’s authors see Learning Management Systems playing a key role as a central hub of learning for distributed learners enabling training, information sharing, and knowledge development. They say the:
LMS offers flexible and continuous learning platform for self-improvement.
The report forecasts compound annual growth of 25.2% per annum. This growth has been driven in part by the adoption of Software as a Service (SaaS) LMS delivery models. The authors say:
this has further accelerated the adoption of LMS within the traditional learning and development framework.
The report forecasts that North America will continue to be the biggest market in terms of revenue, Bersin previously estimated that almost 50% of all LMS revenue was generated from the US. The report forecasts significant growth in the Asia-Pacific and Latin America regions during the forecasted period. See the full report at http://www.marketwired.com/press-release/learning-management-systems-lms-market-worth-783-billion-2018-forecasted-marketsandmarkets-1845977.htm