Global Training Management Systems Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Training Management Systems Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

A training management system (TMS), training management software, or training resource management system (TRMS) is a software application for administering, documenting, tracking, and reporting instructor-led-training programs. A TMS focuses on back-office processes and is considered a tool for corporate training administrators. The training management process includes managing and maintaining the training records of any organization. A TMS works back-office processes for corporate instructor-led training administration and typically handles session registration, course administration, tracking, effective monitoring, and reporting. Some TMSs also manage financial aspects, including budget forecasting and cost-tracking. TMSs can be complemented by other learning technologies such as a learning management system for e-learning management and course delivery.

Market Overview:

The latest research study on the global Training Management Systems market finds that the global Training Management Systems market reached a value of USD 6134.61 million in 2023. It’s expected that the market will achieve USD 14070.54 million by 2029, exhibiting a CAGR of 14.84% during the forecast period.

Influence of COVID-19 Outbreak on Training Management Systems Industry Development

The COVID-19 pandemic has shown a negative impact on training management systems market. The COVID-19 has caused approximately 195 million of job losses across the globe. Moreover, Europe and Arab States have seen the worst impact on employment in percentage terms during this pandemic. Thus, this global economic disruption led to budget constraints in corporate sectors, which R&D teams had to deal with along with multiple challenges to showcase the ROI of their training programs. Furthermore, the impact of COVID-19 on the training management systems industry will involve all major links and all entities in the industry chain. The company's management efficiency has declined, commuting has been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, and employee revenue have declined. The government has also put forward higher requirements for the production and operation of enterprises.

The powerful functions of training management systems drive consumption, which is beneficial to the development of the industry. From creating training goals to developing online courses and assessments, training administration, tracking progress, and marketing & selling training programs, training management software can bring together the functions of multiple systems in one.

The high cost of training programs is a major restraint of the corporate training market. Companies may be hesitant to invest in expensive training programs, particularly if they are facing financial challenges or uncertain economic conditions. Organizations across the globe have certain fixed budgets allocated for employee training.

Region Overview:

In 2022, the share of the Training Management Systems market in United States stood at 38.20%.

Company Overview:

Instructure
Instructure, Inc. is an educational technology company based in Salt Lake City, Utah, United States. It is the developer and publisher of Canvas, a web-based learning management system, and MasteryConnect, an assessment management system. The company is owned by private-equity firm Thoma Bravo.

Blackboard

Blackboard is a leading EdTech company serving higher education, further education, business and government clients around the world. Blackboard connects a deep understanding of education with the power of technology to continuously push the boundaries of learning.

Instructure is one of the major players operating in the Training Management Systems market, holding a share of 8.54% in 2023.

Segmentation Overview:

Among different product types, Cloud-basedsegment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Large Enterprises segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Training Management Systems market covered in Chapter 3:

Trainual
Intelex Technologies
Sparta Systems
Litmos
Instructure
GoTo
Administrate
Arlo
Tovuti LMS
PowerDMS
Docebo
Cornerstone OnDemand
Adobe
Blackboard
TalentLMS
AccessPlanIt
Absorb LMS
360 Learning
D2L
LearnUpon

In Chapter 4 and Chapter 14.2, on the basis of types, the Training Management Systems market from 2019 to 2030 is primarily split into:

Cloud Based
Web Based

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Training Management Systems market from 2019 to 2030 covers:

SMEs
Large Enterprises

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)