What is Retail LMS Software Market?
The global retail LMS software market is expected to grow at a healthy pace during the forecast period, according to the AMA study. Rising adoption of cloud based solutions & services and growing demand for e-learning across the retail industry are expected to be some of the major factors aiding the growth of the market. However, the market is expected to witness a decline in growth during FY 2020 but it is again expected to rise at a healthy pace after the COVID-19 pandemic is over.
The market study is being classified, by Application (Blended Learning, eLearning, Asynchronous Learning, Built-in Course Authoring, Mobile Learning, Synchronous Learning, SCORM Compliance and Others) and major geographies with country level break-up.
Adobe Systems, Inc. (United States), iSpring Solutions Inc. (United States), Epignosis learning technologies (United States), Tovuti LMS (United States), SAP SE (Germany), Mindflash Technologies Inc. (United States), Absorb (Canada), Docebo S.p.A. (Italy), SkyPrep Inc. (Canada), Abara LMS (United States), VAIRKKO (United States), Thought Industries (United States), Saba Software (United States), OpenSesame Inc. (United States) and KMI Learning (United States) are some of the key players profiled in the study.
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Retail LMS Software market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Retail LMS Software market by Type, Application and Region.
On the basis of geography, the market of Retail LMS Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Adoption of Cloud-Based Solutions & Services
- Growing Demand for E-Learning Across the Retail Industry
- Implementation of Artificial Intelligence in Retail LMS Software
- Availability of Open Source Platforms
- Industry 4.0 is Expected to Create Huge Opportunities for the Market Vendors During the Forecast Period
- Short-term Challenges due to Reduced Operations Across Different Industries & Economic Crisis caused by COVID-19 Pandemic Across the World
Stringent Government Regulations Regarding Lock-Down of Cities & Shutting Down of Operations Across Different Industries Across the World Due to the COVID-19 Pandemic is Impacting the Demand for Retail LMS Software
Analyst CommentSince the COVID-19 virus outbreak in December 2019, the disease has spread to more than 200 countries across the world along with the World Health Organization declaring it a public health emergency. The impact of the COVID-19 has already hit many industries and will affect the retail LMS software market in FY 2020. The outbreak of COVID-19 has brought effects on many aspects, like scheduled public transportation cancellations; downfall in the real estate sector; travel bans and quarantines; closed operations across hotels & restaurants; banning of public gatherings & events; large slow-down in the supply chain of different markets; stock market unpredictability; declining business assurance, and uncertainty in the future market dynamics.
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