The Canadian learning management system (LMS) market size was valued at USD 1,015 million in 2021 and is projected to reach USD 45,438 million by 2030, registering a CAGR of 17.85% 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.
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.
Numerous organizations rely on comprehensive training and development programs and possess training and development content that is difficult to convert into microcontent. Due to its tediousness and expense, organizations must invest more in transforming their existing training content into microcontent. To implement microlearning-based training, it is difficult for an organization to organize and manage content within the micro-framework, and it may be necessary to create training content from inception, which can be costly.
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 Canada 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 18.08% 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 17.41% 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 18.23% 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 18.19% over the forecast period due to the increasing number of Learning Management System deployments in different industries.
Canada is one of the most significant revenue contributors to the market globally and is expected to grow at a CAGR of 17.85% during the forecast period. There is a lengthy history of learning management systems in Canada. Murray Goldberg created WebCT at the University of British Columbia. John Baker, a second Canadian, established Desire2Learn in 1999 after recognizing unmet requirements while studying Systems Design Engineering at the University of Waterloo. However, this post is not about Canadian companies but about the LMS utilized by Canadian colleges and universities. In contrast to the United States, where Canvas and Blackboard dominate market share, Canada prefers Moodle and Brightspace. The large market share of Moodle is attributable to the CEGEP network, which has chosen Moodle as its default system.
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