• The market for Europe LMS is forecast to reach $714.26 million by 2025, growing at a CAGR of 17.07% from 2020 to 2025. The market growth of Europe LMS is mainly attributed to the growing adoption of the elearning in training the employees. The growing government initiatives for the improvisation of digitalization is further impacting on the growth of the market.
• The global pandemic COVID-19 has impacted on the adoption of the digital learning technologies for the employees. The significant number of cases in Europe region has resulted in the countries lockdown which created a dire need in employment of the LMS in training newly recruited employees thereby impacting on the growth of the market.
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Key Takeaways
•Retail is analysed to hold the highest share in the market owing to the growing adoption of eLearning in the training of the frontline workers market.
•Germany region is expected to dominate the Europe LMS market during the forecast period 2020-2025 due to high investments in the connectivity solutions in the region.
•The growing investments in the connectivity solutions such as 5G and IoT in Europe area is analysed to drive the market during the forecast period 2020-2025.
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Europe LMS Market Segment Analysis - By module type
Europe LMS is segmented into collaborative learning, content management, talent management, performance management, assessment, testing and others. Collaborative learning is analysed to grow at highest rate during the forecast period 2020-2025 mainly attributed to the adoption of the gamified learning in the process. Adding to this, the growing automation and adoption of digitalization in almost every industry all over European countries is significantly contributing to the growth of the Europe LMS frontline workers training market.
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3677
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sales@industryarc.com