LMS stands for Learning Management System. It is a software application that is typically used to centralise and automate administration, assemble and deliver content rapidly. For example, an LMS will consolidate training initiatives on a scalable web-based platform. In addition, this supports portability and standards which personalises content and reusable learning objects (RLO). Overall, the LMS will deliver online training and webinars including automated assessments, analytics and reporting.
Learning Management System Stats
- There is an estimate spending of $1.9bn globally on LMS in 2013
- The global LMS market expects to grow at a 12.0% CAGR from 2009 to 2013
- Estimation in growth for markets who are developing is to be around the low teens because certain developing markets surpass the 20.0% range
- Learning Management System providers have seen their customer base shift. As well as an increases in the number of customers with 1,000 employees and less (from 28 percent in 2009 to 34 percent in 2012). And a decrease in the number of customers with 10,000 or more employees (from 29 percent in 2009 to 24 percent in 2012)
- European surveys indicate that 75% of companies are currently use e-Learning to deliver training on core professional skills. As well as Health and Safety and Compliance training.
Source: Global Industry Analysts, Fefaur, CrossKnowledeg, Ipsos, Bersin
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