Global Learning Management System Market Report 2021-2027 by Technology, Future Trends, Opportunities, Top Key Players and more... A new market study, titled “Global Learning Management System Market - Trends Analysis, Product Usability Profiles & Forecasts to 2023”, has been featured on WiseGuyReports. Learning Management System Market The global learning management system market to grow from USD 4970.53 million in 2016 to USD 21732.63 million by 2023, at a Compound Annual Growth Rate (CAGR) of 23.46%. The year 2016 has been considered as the base year, while the forecast period is up-to 2023. The major forces driving the growth of the learning management system market include the byod trend and increasing mobile penetration and horizontal growth/cross sectional knowledge. Moreover, increased penetration of internet and digital learning and laws and regulations to address the issues of employee training and certification are also some of the factors that are driving the market growth. However lack of customization and in-home content authoring feasibility options for end-users, and integration complexity with end user systems may hinder the market growth. In the middle of difficulty lies opportunity such as the mobile learning and gamification, integration with social media, and cloud-based deployment of lms. The possible challenges for the market growth are customized courses and training programs, and limited after-sales support. But key players in the market are overcoming the challenges with continual improvement and innovation.