Asia Pacific Learning Management Systems (LMS) Market

Market Overview

The Asia-Pacific learning management system (LMS) market size was valued at USD 3,824 million in 2021 and is projected to reach USD 20,613 million by 2030, registering a CAGR of 20.28% during the forecast period (2022 to 2030).

A Learning Management System (LMS) is software that documents, monitors, reports on, and delivers training courses and programs. With the assistance of LMSs, employees can cost-effectively acquire knowledge, resulting in numerous advantages for companies. Moreover, the functionality of LMS platforms has made the learning process more straightforward than ever before. LMS solutions enable educational institutions to collaborate with students from around the world.

The APAC LMS Market is expected to proliferate. Government attempts to develop digital infrastructure are to blame for pushing the region's use of video conferencing solutions. During the projection period, APAC is expected to see increased growth possibilities. APAC countries significantly contribute to market growth because of the fast service of various LMS solutions by regional organizations. The region has the most students, and as technology advances, there is an increasing demand for eLearning and online education.

Highlights

• The solution segment dominates the market by Component.
• The distance Learning segment dominates the market by delivery mode.
• The cloud segment dominates by Deployment.
• The corporate segment dominates by user groups.

Market Dynamics

Asia-Pacific Learning Management System (LMS) Market Drivers:

Emergence of mobile learning and BYOD as a business trend

Due to the costs associated with traditional teaching methods, organizations worldwide opt for e-learning services for employee training and education. Bring your own device (BYOD) is rapidly becoming a global trend in which employees bring their own devices to work for work-related or other purposes, such as training and development. With the increase in digital technology adoption and preference for BYOD, businesses are concentrating on implementing LMS on smartphones for integrated employment training.

Augmentation of Gamification Usage in Learning Management Systems

Advanced communication technologies are rapidly transforming classroom instruction. Gamification engages students by applying game principles such as points, progression, and competition to learning activities, increasing audience size and knowledge exposure. Incorporating gamification into corporate employee training can promote healthy competition and increase engagement. LMS vendors are adopting various gamification strategies to increase attention to engage maximum audiences, solve problems, and add novelty to everyday duties. Consequently, the growing demand for gamified learning positively affects the market for learning management systems.

Asia-Pacific Learning Management System (LMS) Market Restraints:

Cultural Barriers

Cultural barriers are the most significant obstacles in the LMS market with its LMS platforms, and tools can transform boring assessments into fascinating tasks; however, in many countries, particularly throughout Asia, students take their studies very seriously, and they will not appreciate entertaining animation or computer-game-style assessments because they will be more concerned and anxious about achieving high grades. In addition, students would instead complete a multiple-choice exam than a highly original and interactive assessment. It is difficult for international students to surmount the language barrier, particularly during live events such as online group discussions, webinars, and other activities where international students must communicate in a second language in front of an unfamiliar audience.

Insufficient E-Learning Infrastructure in Developing Nations

During the forecast period, the market development is anticipated to be restrained by the underdeveloped ICT sector and the lack of infrastructure essential for LMS platforms, particularly in developing nations. Poor internet access and networking in institutions, insufficient availability of software and hardware, infrastructure failure, and instructors' lack of time to instruct students on using LMSs are among the major obstacles in this field. The inability to obtain engaging content due to a lack of connectivity and bandwidth hinders learning, frustrates students, and complicates the training and learning process.

Asia-Pacific Learning Management System (LMS) Market Opportunities:

Artificial Intelligence (AI) Implementation in Learning Management Systems

Implementing artificial intelligence in learning management systems will generate market expansion opportunities. Integrating artificial intelligence into LMS will enable periodic and gradual performance evaluations to classify students/users according to their abilities, paving the way for developing advanced and highly intuitive training programs. Artificial intelligence's intuitive and predictive development capabilities make it the ideal ally for virtual education through learning management systems. The integration of AI with LMS enables the development of an unrivaled relationship between the user/student and platform through highly personalized training processes that identify users' cognitive, emotional, social, behavioral, or personality aspects to motivate them to learn through a strategy that appeals to the personality traits directly associated with acquiring new skills, such as competitiveness.

Regional Analysis

Asia-Pacific is a significant revenue contributor to the market globally and is expected to grow at a CAGR of 20.28% during the forecast period. China holds the largest share of the LMS market in Asia Pacific; however, the penetration rate of LMS in China is minimal compared to that of developed nations such as Australia and Japan. LMSs provide Chinese citizens with numerous opportunities for talent development, knowledge development, and overall development. Large and medium-sized organizations have adopted learning management systems for corporate training at a rapid rate over the past few years, contributing to the market's growth. The gradual transition from the traditional education system to e-learning and the rising number of start-ups in the e-learning industry is driving market expansion in the country.

Japan relies on traditional learning management systems, formal learning processes, and training programs; however, there is a demand for innovative, effective learning management system platforms. Since 2001, the Japanese Ministry of Education, Culture, Sports, Science, and Technology (MEXT) has been promoting the growth of e-learning in Japanese higher education institutions as part of the e-Japan Initiative.

With India slated to have the world's fastest-growing economy, talent development has become the country's top priority; consequently, organizations in India are adopting e-learning solutions to train their employees. Existing skills have an expiration date due to the advent of ICT trends such as mobility and Industry 4.0, which have also increased the demand for talented personnel in operations. It is anticipated that the adoption of advanced monitoring and reporting systems will be accelerated by the need for advanced learning infrastructure in the education and corporate sectors due to businesses' desire to avoid being outthought and out-maneuvered by rivals.

Segmental Analysis

The Learning Management System (LMS) has been categorized into four segments, Component, Delivery Mode, Deployment, and User Group.

Based on Components, the Learning Management Systems market is segmented into: Solutions and Services.

The solution segment is expected to grow with the highest CAGR of 20.58% during the forecast period owing to an increase in legacy system upgrades to activate the latest technology and use cases.

Based on Delivery Mode, the Learning Management Systems market is segmented into three: Distance Learning, Instructor-led Training, and Blended Learning.

The Distance Learning segment dominated the market and is expected to grow at a CAGR of 19.76% during the forecast period.

Based on Deployment, the Learning Management Systems market is segmented into Cloud and On-Premise.

The cloud segment holds the highest market share and is expected to grow at a CAGR of 20.53% over the forecast period, as the Learning Management System is primarily designed for Cloud entertainment.

Based on User Group, the Learning Management Systems market is segmented into: Academic and Corporate.

The corporate segment holds the highest market share and is expected to grow at a CAGR of 20.51% over the forecast period due to the increasing number of Learning Management System deployments in different industries.

Recent Developments

• September 2022- Instructure entered into an agreement with its partner Google that provides a robust and comprehensive integration solution for Google Classroom users. Educational institutions can synchronize course information and enrollment between their student information systems (SIS or MIS) and Google Classroom.
• October 2022- Google Classroom received a new feature. Teachers can save time by adding evaluation category information before exporting Google Classroom assignments.
• July 2022- Anthology unveiled Anthology Intelligent Experiences (iX)TM, the company's vision for a connected ecosystem of products and services that utilize data to fuel meaningful interactions inside and outside the classroom. The Anthology iX strategy will generate interactive moments by dismantling data divisions and combining insights across core systems to facilitate more pertinent engagement between staff, faculty, and students.