COVID-19 has influenced the Learning Management System market and demand for next gen LMS will increase

The global Learning Management System (LMS) market size is expected to reach 25.7 billion dollars by 2025. The major growth drivers for the market are increasing the adoption of digital learning, growing inclination towards, Bring Your Own Device (BYOD) policy and enterprise mobility, extensive government initiatives for the growth of LMS, growing usage of Artificial Intelligence (AI) and Machine Learning (ML) in LMS is increasing the significance of eLearning in corporate and academic setups. However, low motivation and engagement by organizations may restrain the market growth. The demand is Need for Cost-effective LMS to Boost Market Growth.

Businesses are increasingly looking for technologies to help them sail through these difficult times. Education industry professionals have been called on for their expertise to help executives make business decisions on how to respond to the new business challenges caused by the COVID-19 outbreak. Learning management system companies are also facing challenges related to less spending on non-essential items by enterprises. For instance, only tier 1 educational institutes have been seen adopting new LMS solutions during the COVID-19 period and small institutions are focusing more on collaboration tools for teaching. With the rising need for efficient LMS and the ongoing adoption of learning models such as flipped classrooms and CBE, the demand for next gen LMS will increase further.

Various reports have revealed that cyber-attacks have increased at a significant rate post the Covid-19 pandemic. In such a scenario, ensuring the Cybersecurity of e-learning systems has become paramount as corporates are increasingly using these systems to conduct training and development programs virtually.

The Learning Management System market is witnessing consistent growth owing to the increasing adoption of online learning tools and proliferation of the eLearning industry. Furthermore, extensive government initiatives for digitization of education infrastructure in respective countries and growing inclination towards bringing your own device (BYOD) policy has also contributed to the overall growth of the learning management system market. However, lack of skilled trainers and instructors and high cost of implementation may hinder the growth of this market to a certain extent.

The exponential and demanding use of e-learning systems has become the prime and essential need of the current education and training environment. Despite this enormous growth and usage of e-learning systems, very little regard has been paid to ensuring its security from cyber criminals. Since these systems are accessed and managed by the use of the Internet over unlimited use of networks, they are vulnerable to security concerns such as phishing attacks, system hacking, unauthorized access, cracking, stealing sensitive information, and modification of data and configurations.

Deepak Sahu, President & CEO, VARINDIA