By Richard Chang, THE Journal
The learning management system market is expected to grow from $5.22 billion in 2016 to $15.72 billion by 2021, according to a new report by MarketsandMarkets, an India-based market research firm. That increase represents a compound annual growth rate of 24.7 percent. Some of the major driving factors for the growing LMS market are increasing adoption of digital learning among corporate organizations and academic institutions, as well as the bring your own device (BYOD) trend. Furthermore, the market is expected to be driven by new opportunities, such as the growing use of wearable e-learning devices and emerging technologies like gamification and virtual reality.
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