The North American learning management systems market was valued at $2,233.9 million in 2014 and is projected to reach $6,302.0 million by 2019, at a CAGR of 23.1% during the forecast period, 2014 to 2019.
The learning management systems play an important role in the learning processes taking place in the educational institutions as well as in the organizations. The learning management systems market in the North American region is primarily driven by technological advancements in the region along with the cost reduction policy adopted by the organizations while imparting training to their employees.
Ask for the customized reports depending on the requirement of the business @
http://www.micromarketmonitor.com/contact/2609252980-request_for_customization.html
The learning management systems market in the North American region is expected to witness the highest CAGR during the forecast period, 2014 to 2019. In present times, organizations are using various social medias such as, LinkedIn, Twitter, Facebook, and Google plus to connect with the customers. With the increasing technological advancements, the traditional form of learning has been replaced by the technology based learning. In the U.S., the companies are implementing different strategies to increase their market share so as to strengthen their position in the North American learning management systems market. The learning management systems are helping them in meeting the customer objectives. Blackboard Inc. acquired NetSpot to expand its technology and learning solutions product portfolio. This acquisition aimed at strengthening and enhancing the market position of Blackboard Inc. by expanding its product portfolio in learning solutions.
The quest to have a competitive edge over others has led many organizations to exploit the advanced technologies and get the best out of them. Moreover, rapid adoption of information technology and extensive use of social media is also contributing to the growth of the North American learning management systems market.
Ask for Discount @
http://www.micromarketmonitor.com/contact/2609252980-ask_for_discount.html
Education vertical is considered to be promising market for the learning management systems as it is showcasing a number of opportunities for the key market players. However, there are various factors, such as, lack of system integration and limited customization feasibility which restrain the growth of the North American learning management systems market in this industry vertical.
The North American learning management systems market is segmented by product into content management, student management, performance management, collaboration, administration, and others. By user, the market is classified into academic and corporate. Based on the geography, the North American learning management systems market is segmented into the U.S., Canada, and Mexico. On the basis of vertical, the market is segmented into BFSI, consulting services, government, healthcare, manufacturing, retail, telecom, IT, and media and others.
