LMS stands for Learning Management System and is a software application that is typically used to centralise and automate administration, assemble and deliver learning content rapidly. An LMS will consolidate training initiatives on a scalable web-based platform which supports portability and standards that personalise content and reusable learning objects (RLO). The LMS will deliver online training and webinars including automated assessments, analytics and reporting.
Quick LMS Stats
- Estimated that $1.9bn will be spent globally on LMS in 2013
- The global LMS market is expected to grow at a 12.0% CAGR from 2009 to 2013
- Growth in developed markets is estimated to be around the low teens with certain developing markets surpassing the 20.0% range
- LMS providers have seen their customer base shift, 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 survey indicates that 75% of companies 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