Learning Management Systems is a software application, which has become highly essential for the smooth running of businesses. This technology helps organizations and educational institutions in the process of learning. In Asia-Pacific, the major countries like China and India are mature markets for this software application. This market is primarily driven by the technological advancement and cost reduction policy adopted by various organizations for training. Pertaining to the aforementioned favorable growth factors in these countries of this region, a number of leading players in LMS are investing in them.
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In China, India, and Japan, this market is expected to grow at the highest CAGR in the next five years. Nowadays, organizations are using various social media platforms, such as LinkedIn, Twitter, Facebook, and Google Plus to connect to the customers. Technological advancements have replaced the traditional form of learning with technology-based learning. In China, organizations are implementing a variety of strategies to increase market share and create product awareness among customers. LMSs are helping them in meeting the customer objectives. Blackboard acquired NetSpot to expand its portfolio of technology and products in learning solutions. Hence, this acquisition is expected to strengthen Blackboard by expanding their product portfolio in learning solutions.
The organizations operational in this region are considered to be the most techno savvy and innovative. The constant need to have a competitive edge over other competitors leads these organizations to exploit the advanced technologies to derive the all the benefits from them. Moreover, the rapid adoption of information technology and an extensive usage of social media are also contributing to the growth of the APAC learning management systems market.
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Moreover, the education is a promising market, which is showcasing more opportunities to the market players. Although, various factors, such as the lack of system integration and limited customization feasibility are some restraining factors for the growth of LMS in this industry vertical.
The Asia-Pacific learning management systems market is segmented into various products including content management, student management, performance management, collaboration, administration, and others. Based on users, the market is segmented into academic and corporate. Based on geographies, the market is segmented into China, India, Japan, and Rest of Asia-Pacific. Based on verticals, the market is segmented into BFSI, consulting services, government, healthcare, manufacturing, retail, telecom, IT, media, and other verticals.
