Learning Management System Market is expected to grow from $14,895.17 million in 2021 to $50,995.16 million by 2028 at a CAGR of 19.2%

Students’ performances have long been used to assess instructors’ performance and ability to relate to students at various levels. However, most colleges and universities have shifted away from paper questionnaires and toward online surveys. Chatbots are used to communicate with students in person and collect data without the intervention of an instructor or another human being. As a result, the growing adoption of AI-powered solutions in the education sector fuels the growth of the Learning Management System Market.

Artificial intelligence (AI) allows computers to communicate with people, comprehend events, and learn and react to them in the same way that humans do. AI has been widely adopted in the education sector, in addition to industries such as security and surveillance and information technology. The technology is being used in schools, colleges, and universities to automate repetitive tasks like grading, financial analysis, and admissions. It can be calibrated to learn and model teachers’ grading actions using advanced computer programmes such as automated grading for automatic grade assignments.

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By promoting personalised corporate learning, the AI-powered LMS helps to streamline the process of feeding information to learners. Artificial intelligence also makes precise recommendations on how to present and curate information based on the needs and preferences of individual learners. As a result of the adoption of AI in the education sector, the market for learning management systems is expected to grow.

The COVID-19 pandemic had a positive impact on the learning management system market in 2020, owing to an increase in e-learning across several countries. According to a World Economic Forum report from April 2020, more than 1.2 billion students in 186 countries have been affected by school closures due to the pandemic. After initially closing on March 12, 2020, students up to the age of 11 in Denmark will return to nurseries and schools. In South Korea, however, students respond to roll calls from their teachers via online platforms.

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