E-Learning and LMS Market Evolving

How Is The E-learning and LMS Market Evolving?

Introduction To E-learning and LMS

The E-learning and LMS Market Industry is growing rapidly since last decade. In Today’s Era, You can learn anything you want through E-learning Which is easily accessible to everyone because It is Evolving Rapidly. There are few things which are helping E-learning to its growth such as accessibility, ease of access, flexibility, Lectures Can Be Taken Online at Any Time & Number Of Times, scalability, cost-effective and many more.

The Market of LMS is Total depends on E-learning because it will evolve in the proportion of the evolvement of the e-learning industry. There are Many LMS software service providers in the market. Moodle is one of the LMS software and it is widely used by many in multiple countries.

LMS Market Evolving

Statistics: E-learning and LMS Market

The value of the LMS market share was measured at $2.5 bn in 2013, $7.8 bn in 2016 and, according to various predictions, the number will have increased to $15.72 bn by 2021. These numbers showed a significant financial offering to the distance education field, not to mention the huge potential of the e-Learning market.

MS (Learning Management Systems) are widely used in different industries, but the main one is Education (21%); then comes Technology (12%) and Manufacturing (9%). The number of governmental institutions using LMS software for training purposes remains small (2%).

Starting in 2011, the Increase rate of the e-Learning market is to 5.1% in North America, 6% in Western Europe, 8.2% in the Middle East, 14.6% in Latin America, 15.3% in Africa, 16.9% in Eastern Europe and 17.3% in Asia.

55% of all LMS installations are deployed in the cloud, and the other 45% are on-premise LMS solutions.

cloud LMS:

  • Quicker deployment;
  • No technical resources are required;
  • Low initial investment;
  • Scalability.

On-premise LMS:

  • Low costs in the long run;
  • Security restrictions for storing proprietary data (governmental organizations, banking sphere);
  • Full control of LMS software and data;
  • More customization opportunities.

Half of LMS users don’t invest more than $5,000 on LMS execution. Only 1% of all LMS execution fees are at a cost of more than $50,000.

More than half of LMS getters execute their LMSs under 6 months, whereas the other 24% of users need up to 1 year. For the remaining of the LMS users, more than a year is important to get an LMS up and running.

Among the top LMS trends in 2016 are the following:

  • Mobile Learning;
  • Gamification;
  • Personalization;
  • Cloud;
  • Video;
  • MicroLearning;
  • Social Sharing.

89% of LMS students study E-Learning courses on a desktop, 76% on laptop, 25% on tablet, and 19% on smartphone.

There are reasons for LMS acquisition are diverse, but the most common of them are the following:

  • General Training (24.81%);
  • Certification Training (22.90%);
  • Compliance Training (14,50%);
  • Onboarding (12.6%);
  • Customer Training (11.45%);
  • Selling Courses (9.16%);
  • Other (4.58%).

40% of LMS users report a 40% growth in revenue, a 53% growth in productivity, a 26% decrease in cost, and a 16% decrease in turnover rate as the result of an LMS purchase.

LMS features

  • Assessment tools;
  • SCORM;
  • Learning Paths;
  • Blended Learning.

A Classic LMS purchase scheme looks like this:

  1. A potential buyer performs a search in Google or any other search engine;
  2. Asks for recommendations and reads reviews;
  3. Sends an RFP to several LMS vendors that s/he finds the most appropriate;
  4. Analyzes the RFP data and schedules demos with the selected LMS providers;
  5. Makes a final decision and purchases the LMS.

Among the top reasons why buyers are not satisfied with the chosen LMSs are:

  • Poor user experience (88%);
  • The Poor administrative interface (74%);
  • Poor reporting (66%);
  • Lack of integrations (66%);
  • Lack of mobile capabilities (66%).

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