Learning management system (LMS) solutions have become increasingly popular across different sectors. While they were mainly designed for the education sector, enterprises soon realized the importance of LMS systems for corporate training and HR training programs. Ease of learning, personalization, and engaging content are some of the crucial aspects that led to the proliferation of LMS systems across different industries, particularly in the corporate sector.

According to the latest market data report by Gitnux, the number of LMS users is projected to be around 74 million in 2024. Besides, the worldwide LMS software market is expected to grow at a compound annual growth rate (CAGR) of 14.2% from $16.19 billion in 2022 to $40.95 billion by the year 2029. These figures clearly indicate the rising popularity of LMS systems worldwide and the growing demand for LMS software development services.

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