The Next Gen Learning Management System (LMS) Market for higher education is set to expand by USD 3,090 million, growing at a CAGR of 24.8% by 2028, according to Technavio. Leading companies such as Blackboard Inc. and Oracle Corp. are at the forefront of this growth. North America's technological adoption within higher education is a significant driver. Meanwhile, blended learning has emerged as a key application. However, customization challenges persist. The rise of SMAC technologies enhances learning experiences by making them more interactive and accessible via mobile platforms, driving further growth in the market.

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