The Europe Corporate Learning Management System Market would witness market growth of 18.3% CAGR during the forecast period (2022-2028).
The majority of HR management software providers offer LMS capabilities. In general, HR management businesses' standalone learning management system (LMS) packages have the same basic set of features, however, add-on learning management modules vary significantly in their feature sets. Several of the more powerful HR management packages will include a module for learning management. These modules may be part of the purchase of an HR management product, or they may be purchased separately.
Typically, LMS modules include pre-built courses with some degree of customization. These are ideal for organizations whose demands are restricted to onboarding and annual compliance. Companies who seek advanced customization or course creation capabilities or wish to use their courses as a revenue source will likely find these modules wanting.
Many HR management suppliers offer standalone LMS packages in addition to LMS modules. Purchasing through an HR management provider has multiple advantages. These include simple connectivity with the HR management system and the ability to deal with a single provider to save time for the HR team. A standalone corporate learning management system is the ideal solution for businesses that wish to invest significantly in training programs. These goods are more comprehensive than HR product modules. They are more suited to handle continual training and professional growth.
There is the potential for some kinds of information technology assets, such as big information sources, to interact with various sorts of human growth. There will be a surge in demand for different technologies and gadgets that may improve the efficiency of healthcare operations as a result of the robust healthcare sectors that are present in the region. The economy of Germany is the most significant in the European Union (EU). Educated Germans who have lived abroad are seen as advantageous for both the job market and further education, which boosts the growth of the market for corporate learning management systems in this region. This is because educated Germans who have lived abroad have more life experience to draw from.
The Germany market dominated the Europe Corporate Learning Management System (LMS) Market by Country in 2021; thereby, achieving a market value of $1,597.4 million by 2028. The UK market is exhibiting a CAGR of 17.3% during (2022 - 2028). Additionally, The France market would experience a CAGR of 19.2% during (2022 - 2028).
Based on Offering, the market is segmented into Solutions and Services. Based on Deployment Mode, the market is segmented into Cloud and On-premises. Based on Organization Size, the market is segmented into Large Enterprises and SMEs. Based on Vertical, the market is segmented into Software & Technology, BFSI, Retail, Manufacturing, Government & Defense, Telecommunications, Healthcare and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Corporate Learning Management System Market will Hit $24.6 Billion by 2028, at a CAGR of 19.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SAP SE, Instructure, Inc. (Instructure Holdings, Inc.) (Thoma Bravo, LP), Cornerstone OnDemand, Inc. (Clearlake Capital Group, L.P.), Adobe, Inc., Paylocity Holding Corporation, Seismic Software, Inc., Paycor Hcm, Inc, Axonify, Inc., Zoho Corporation Pvt. Ltd. and Blackboard, Inc. (Providence Equity Partners)
Scope of the Study
Market Segments Covered in the Report:
By Offering
By Deployment Mode
By Organization Size
By Vertical
- Software & Technology
- BFSI
- Retail
- Manufacturing
- Government & Defense
- Telecommunications
- Healthcare
- Others
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- SAP SE
- Instructure, Inc. (Instructure Holdings, Inc.) (Thoma Bravo, LP)
- Cornerstone OnDemand, Inc. (Clearlake Capital Group, L.P.)
- Adobe, Inc.
- Paylocity Holding Corporation
- Seismic Software, Inc.
- Paycor Hcm, Inc
- Axonify, Inc.
- Zoho Corporation Pvt. Ltd.
- Blackboard, Inc. (Providence Equity Partners)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Corporate Learning Management System Market, by Offering
1.4.2 Europe Corporate Learning Management System Market, by Deployment Mode
1.4.3 Europe Corporate Learning Management System Market, by Organization Size
1.4.4 Europe Corporate Learning Management System Market, by Vertical
1.4.5 Europe Corporate Learning Management System Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenarios
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2018, Jul – 2022, Jun) Leading Players
3.3.3 Key Strategic Move: (Mergers & Acquisition : 2019, Mar – 2022, Jun) Leading Players
Chapter 4. Europe Corporate Learning Management System (LMS) Market by Offering
4.1 Europe Solutions Market by Country
4.2 Europe Services Market by Country
Chapter 5. Europe Corporate Learning Management System (LMS) Market by Deployment Mode
5.1 Europe Cloud Market by Country
5.2 Europe On-premises Market by Country
Chapter 6. Europe Corporate Learning Management System (LMS) Market by Organization Size
6.1 Europe Large Enterprises Market by Country
6.2 Europe SMEs Market by Country
Chapter 7. Europe Corporate Learning Management System (LMS) Market by Vertical
7.1 Europe Software & Technology Market by Country
7.2 Europe BFSI Market by Country
7.3 Europe Retail Market by Country
7.4 Europe Manufacturing Market by Country
7.5 Europe Government & Defense Market by Country
7.6 Europe Telecommunications Market by Country
7.7 Europe Healthcare Market by Country
7.8 Europe Others Market by Country
Chapter 8. Europe Corporate Learning Management System (LMS) Market by Country
8.1 Germany Corporate Learning Management System (LMS) Market
8.1.1 Germany Corporate Learning Management System (LMS) Market by Offering
8.1.2 Germany Corporate Learning Management System (LMS) Market by Deployment Mode
8.1.3 Germany Corporate Learning Management System (LMS) Market by Organization Size
8.1.4 Germany Corporate Learning Management System (LMS) Market by Vertical
8.2 UK Corporate Learning Management System (LMS) Market
8.2.1 UK Corporate Learning Management System (LMS) Market by Offering
8.2.2 UK Corporate Learning Management System (LMS) Market by Deployment Mode
8.2.3 UK Corporate Learning Management System (LMS) Market by Organization Size
8.2.4 UK Corporate Learning Management System (LMS) Market by Vertical
8.3 France Corporate Learning Management System (LMS) Market
8.3.1 France Corporate Learning Management System (LMS) Market by Offering
8.3.2 France Corporate Learning Management System (LMS) Market by Deployment Mode
8.3.3 France Corporate Learning Management System (LMS) Market by Organization Size
8.3.4 France Corporate Learning Management System (LMS) Market by Vertical
8.4 Russia Corporate Learning Management System (LMS) Market
8.4.1 Russia Corporate Learning Management System (LMS) Market by Offering
8.4.2 Russia Corporate Learning Management System (LMS) Market by Deployment Mode
8.4.3 Russia Corporate Learning Management System (LMS) Market by Organization Size
8.4.4 Russia Corporate Learning Management System (LMS) Market by Vertical
8.5 Spain Corporate Learning Management System (LMS) Market
8.5.1 Spain Corporate Learning Management System (LMS) Market by Offering
8.5.2 Spain Corporate Learning Management System (LMS) Market by Deployment Mode
8.5.3 Spain Corporate Learning Management System (LMS) Market by Organization Size
8.5.4 Spain Corporate Learning Management System (LMS) Market by Vertical
8.6 Italy Corporate Learning Management System (LMS) Market
8.6.1 Italy Corporate Learning Management System (LMS) Market by Offering
8.6.2 Italy Corporate Learning Management System (LMS) Market by Deployment Mode
8.6.3 Italy Corporate Learning Management System (LMS) Market by Organization Size
8.6.4 Italy Corporate Learning Management System (LMS) Market by Vertical
8.7 Rest of Europe Corporate Learning Management System (LMS) Market
8.7.1 Rest of Europe Corporate Learning Management System (LMS) Market by Offering
8.7.2 Rest of Europe Corporate Learning Management System (LMS) Market by Deployment Mode
8.7.3 Rest of Europe Corporate Learning Management System (LMS) Market by Organization Size
8.7.4 Rest of Europe Corporate Learning Management System (LMS) Market by Vertical
Chapter 9. Company Profiles
9.1 SAP SE
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Partnerships, Collaborations, and Agreements:
9.1.6 SWOT Analysis
9.2 Instructure, Inc. (Instructure Holdings, Inc.)(Thoma Bravo, LP)
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Product Launches and Product Expansions:
9.3 Cornerstone OnDemand, Inc. (Clearlake Capital Group, L.P.)
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Regional & Segmental Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.5.3 Acquisition and Mergers:
9.4 Adobe, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expense
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.5 Paylocity Holding Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Research & Development Expenses
9.5.4 Recent strategies and developments:
9.5.4.1 Product Launches and Product Expansions:
9.5.4.2 Acquisition and Mergers:
9.6 Seismic Software, Inc.
9.6.1 Company Overview
9.6.2 Recent strategies and developments:
9.6.2.1 Acquisition and Mergers:
9.7 Paycor Hcm, Inc.
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Research & Development Expenses
9.7.4 Recent strategies and developments:
9.7.4.1 Acquisition and Mergers:
9.8 Axonify, Inc.
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.8.2.2 Acquisition and Mergers:
9.9 Zoho Corporation Pvt. Ltd.
9.9.1 Company Overview
9.9.2 Recent strategies and developments:
9.9.2.1 Product Launches and Product Expansions:
9.9.2.2 Acquisition and Mergers:
9.10. Blackboard, Inc. (Providence Equity Partners)
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Partnerships, Collaborations, and Agreements:
9.10.2.2 Acquisition and Mergers:
TABLE 1 Europe Corporate Learning Management System (LMS) Market, 2018 - 2021, USD Million
TABLE 2 Europe Corporate Learning Management System (LMS) Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Corporate Learning Management System Market
TABLE 4 Product Launches And Product Expansions– Corporate Learning Management System Market
TABLE 5 Acquisition and Mergers– Corporate Learning Management System Market
TABLE 6 Geographical Expansions – Corporate Learning Management System Market
TABLE 7 Europe Corporate Learning Management System (LMS) Market by Offering, 2018 - 2021, USD Million
TABLE 8 Europe Corporate Learning Management System (LMS) Market by Offering, 2022 - 2028, USD Million
TABLE 9 Europe Solutions Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Solutions Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe Services Market by Country, 2018 - 2021, USD Million
TABLE 12 Europe Services Market by Country, 2022 - 2028, USD Million
TABLE 13 Europe Corporate Learning Management System (LMS) Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 14 Europe Corporate Learning Management System (LMS) Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 15 Europe Cloud Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Cloud Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe On-premises Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe On-premises Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Corporate Learning Management System (LMS) Market by Organization Size, 2018 - 2021, USD Million
TABLE 20 Europe Corporate Learning Management System (LMS) Market by Organization Size, 2022 - 2028, USD Million
TABLE 21 Europe Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 22 Europe Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 23 Europe SMEs Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe SMEs Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Corporate Learning Management System (LMS) Market by Vertical, 2018 - 2021, USD Million
TABLE 26 Europe Corporate Learning Management System (LMS) Market by Vertical, 2022 - 2028, USD Million
TABLE 27 Europe Software & Technology Market by Country, 2018 - 2021, USD Million
TABLE 28 Europe Software & Technology Market by Country, 2022 - 2028, USD Million
TABLE 29 Europe BFSI Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe BFSI Market by Country, 2022 - 2028, USD Million
TABLE 31 Europe Retail Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe Retail Market by Country, 2022 - 2028, USD Million
TABLE 33 Europe Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 34 Europe Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 35 Europe Government & Defense Market by Country, 2018 - 2021, USD Million
TABLE 36 Europe Government & Defense Market by Country, 2022 - 2028, USD Million
TABLE 37 Europe Telecommunications Market by Country, 2018 - 2021, USD Million
TABLE 38 Europe Telecommunications Market by Country, 2022 - 2028, USD Million
TABLE 39 Europe Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 40 Europe Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 41 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 42 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 43 Europe Corporate Learning Management System (LMS) Market by Country, 2018 - 2021, USD Million
TABLE 44 Europe Corporate Learning Management System (LMS) Market by Country, 2022 - 2028, USD Million
TABLE 45 Germany Corporate Learning Management System (LMS) Market, 2018 - 2021, USD Million
TABLE 46 Germany Corporate Learning Management System (LMS) Market, 2022 - 2028, USD Million
TABLE 47 Germany Corporate Learning Management System (LMS) Market by Offering, 2018 - 2021, USD Million
TABLE 48 Germany Corporate Learning Management System (LMS) Market by Offering, 2022 - 2028, USD Million
TABLE 49 Germany Corporate Learning Management System (LMS) Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 50 Germany Corporate Learning Management System (LMS) Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 51 Germany Corporate Learning Management System (LMS) Market by Organization Size, 2018 - 2021, USD Million
TABLE 52 Germany Corporate Learning Management System (LMS) Market by Organization Size, 2022 - 2028, USD Million
TABLE 53 Germany Corporate Learning Management System (LMS) Market by Vertical, 2018 - 2021, USD Million
TABLE 54 Germany Corporate Learning Management System (LMS) Market by Vertical, 2022 - 2028, USD Million
TABLE 55 UK Corporate Learning Management System (LMS) Market, 2018 - 2021, USD Million
TABLE 56 UK Corporate Learning Management System (LMS) Market, 2022 - 2028, USD Million
TABLE 57 UK Corporate Learning Management System (LMS) Market by Offering, 2018 - 2021, USD Million
TABLE 58 UK Corporate Learning Management System (LMS) Market by Offering, 2022 - 2028, USD Million
TABLE 59 UK Corporate Learning Management System (LMS) Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 60 UK Corporate Learning Management System (LMS) Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 61 UK Corporate Learning Management System (LMS) Market by Organization Size, 2018 - 2021, USD Million
TABLE 62 UK Corporate Learning Management System (LMS) Market by Organization Size, 2022 - 2028, USD Million
TABLE 63 UK Corporate Learning Management System (LMS) Market by Vertical, 2018 - 2021, USD Million
TABLE 64 UK Corporate Learning Management System (LMS) Market by Vertical, 2022 - 2028, USD Million
TABLE 65 France Corporate Learning Management System (LMS) Market, 2018 - 2021, USD Million
TABLE 66 France Corporate Learning Management System (LMS) Market, 2022 - 2028, USD Million
TABLE 67 France Corporate Learning Management System (LMS) Market by Offering, 2018 - 2021, USD Million
TABLE 68 France Corporate Learning Management System (LMS) Market by Offering, 2022 - 2028, USD Million
TABLE 69 France Corporate Learning Management System (LMS) Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 70 France Corporate Learning Management System (LMS) Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 71 France Corporate Learning Management System (LMS) Market by Organization Size, 2018 - 2021, USD Million
TABLE 72 France Corporate Learning Management System (LMS) Market by Organization Size, 2022 - 2028, USD Million
TABLE 73 France Corporate Learning Management System (LMS) Market by Vertical, 2018 - 2021, USD Million
TABLE 74 France Corporate Learning Management System (LMS) Market by Vertical, 2022 - 2028, USD Million
TABLE 75 Russia Corporate Learning Management System (LMS) Market, 2018 - 2021, USD Million
TABLE 76 Russia Corporate Learning Management System (LMS) Market, 2022 - 2028, USD Million
TABLE 77 Russia Corporate Learning Management System (LMS) Market by Offering, 2018 - 2021, USD Million
TABLE 78 Russia Corporate Learning Management System (LMS) Market by Offering, 2022 - 2028, USD Million
TABLE 79 Russia Corporate Learning Management System (LMS) Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 80 Russia Corporate Learning Management System (LMS) Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 81 Russia Corporate Learning Management System (LMS) Market by Organization Size, 2018 - 2021, USD Million
TABLE 82 Russia Corporate Learning Management System (LMS) Market by Organization Size, 2022 - 2028, USD Million
TABLE 83 Russia Corporate Learning Management System (LMS) Market by Vertical, 2018 - 2021, USD Million
TABLE 84 Russia Corporate Learning Management System (LMS) Market by Vertical, 2022 - 2028, USD Million
TABLE 85 Spain Corporate Learning Management System (LMS) Market, 2018 - 2021, USD Million
TABLE 86 Spain Corporate Learning Management System (LMS) Market, 2022 - 2028, USD Million
TABLE 87 Spain Corporate Learning Management System (LMS) Market by Offering, 2018 - 2021, USD Million
TABLE 88 Spain Corporate Learning Management System (LMS) Market by Offering, 2022 - 2028, USD Million
TABLE 89 Spain Corporate Learning Management System (LMS) Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 90 Spain Corporate Learning Management System (LMS) Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 91 Spain Corporate Learning Management System (LMS) Market by Organization Size, 2018 - 2021, USD Million
TABLE 92 Spain Corporate Learning Management System (LMS) Market by Organization Size, 2022 - 2028, USD Million
TABLE 93 Spain Corporate Learning Management System (LMS) Market by Vertical, 2018 - 2021, USD Million
TABLE 94 Spain Corporate Learning Management System (LMS) Market by Vertical, 2022 - 2028, USD Million
TABLE 95 Italy Corporate Learning Management System (LMS) Market, 2018 - 2021, USD Million
TABLE 96 Italy Corporate Learning Management System (LMS) Market, 2022 - 2028, USD Million
TABLE 97 Italy Corporate Learning Management System (LMS) Market by Offering, 2018 - 2021, USD Million
TABLE 98 Italy Corporate Learning Management System (LMS) Market by Offering, 2022 - 2028, USD Million
TABLE 99 Italy Corporate Learning Management System (LMS) Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 100 Italy Corporate Learning Management System (LMS) Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 101 Italy Corporate Learning Management System (LMS) Market by Organization Size, 2018 - 2021, USD Million
TABLE 102 Italy Corporate Learning Management System (LMS) Market by Organization Size, 2022 - 2028, USD Million
TABLE 103 Italy Corporate Learning Management System (LMS) Market by Vertical, 2018 - 2021, USD Million
TABLE 104 Italy Corporate Learning Management System (LMS) Market by Vertical, 2022 - 2028, USD Million
TABLE 105 Rest of Europe Corporate Learning Management System (LMS) Market, 2018 - 2021, USD Million
TABLE 106 Rest of Europe Corporate Learning Management System (LMS) Market, 2022 - 2028, USD Million
TABLE 107 Rest of Europe Corporate Learning Management System (LMS) Market by Offering, 2018 - 2021, USD Million
TABLE 108 Rest of Europe Corporate Learning Management System (LMS) Market by Offering, 2022 - 2028, USD Million
TABLE 109 Rest of Europe Corporate Learning Management System (LMS) Market by Deployment Mode, 2018 - 2021, USD Million
TABLE 110 Rest of Europe Corporate Learning Management System (LMS) Market by Deployment Mode, 2022 - 2028, USD Million
TABLE 111 Rest of Europe Corporate Learning Management System (LMS) Market by Organization Size, 2018 - 2021, USD Million
TABLE 112 Rest of Europe Corporate Learning Management System (LMS) Market by Organization Size, 2022 - 2028, USD Million
TABLE 113 Rest of Europe Corporate Learning Management System (LMS) Market by Vertical, 2018 - 2021, USD Million
TABLE 114 Rest of Europe Corporate Learning Management System (LMS) Market by Vertical, 2022 - 2028, USD Million
TABLE 115 Key Information – SAP SE
TABLE 116 Key Information – Instructure, Inc.
TABLE 117 Key information – Cornerstone OnDemand, Inc.
TABLE 118 Key Information – Adobe, Inc.
TABLE 119 Key Information – Paylocity Holding Corporation
TABLE 120 Key Information – Seismic Software, Inc.
TABLE 121 Key Information – PAYCOR HCM, INC.
TABLE 122 Key Information – Axonify, Inc.
TABLE 123 Key Information – Zoho Corporation Pvt. Ltd.
TABLE 124 key information – Blackboard, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Partnerships, Collaborations & Agreements : 2018, Jul – 2022, Jun) Leading Players
FIG 5 Key Strategic Move: (Product Launches and Product Expansions : 2019, Mar – 2022, Jun) Leading Players
FIG 6 SWOT Analysis: SAP SE
FIG 7 Recent strategies and developments: Instructure, Inc.
FIG 8 Recent strategies and developments: Cornerstone OnDemand, Inc.
FIG 9 Recent strategies and developments: Paylocity Holding Corporation
FIG 10 Recent strategies and developments: Axonify, Inc.
FIG 11 Recent strategies and developments: Zoho Corporation Pvt. Ltd.
FIG 12 Recent strategies and developments: Blackboard, Inc.