If you search on the Internet, you will find a lot of research studies as well as reports offering priceless insight and forecasts about the Learning Management System (LMS). If you still feel confused about this system, let’s read this article. I will list a glimpse into the future of Learning Management Systems.
1. The LMS Market.
The number will never tell lies, it is the most convincing evidence to prove the popularity of Learning Management Systems in promising tomorrow’s eLearning industry. In 2017 and 2018, the LMS market is estimated to grow by about 23.17%. Currently, apart from calculating revenue from the academic sector, only counting in the corporate sector, it’s a $2.5 billion industry.
2. LMS Popularity In Terms Of Number Of Users and customers
There are two most important considerations when you choose LMS. The first one is the current popularity in the eLearning industry. With actual users, Moodle appears as the most usage in the Learning Management System market with an estimated 73.8 million users. Edmodo occupies the second position and Blackboard rounds out the top 3. The second consideration is the number of satisfied customers. Because this data will show you who is successfully building customer loyalty through effective business practices and a winning product. The research gives us the data about the number of customers of Edmodo, Moodle and Collaborize Classroom is 120k, 87.1k, and 48k respectively.
P/s: Some Best Learning Management themes you can refer:
- Printshop – WordPress Responsive Printing Theme,
- Elegance – Magento Responsive Jewelry Theme,
- Udetor – LMS Education WordPress Theme
3. Cloud-Based LMSs vs. Installed LMSs.
2015 and 2016 seem to be the years of cloud-based LMSs. Evident? When we did the survey, 87% of the respondents were found to use a web-based LMS and only 13% of the total have an installed LMS
4. LMS Usage Per Industry.
A recent report revealed that governmental institutions make up 2% of the LMS software market while the educational sector consists of 21% of the entire market. Other industries follow including technology 12%, manufacturing 9%, consulting and healthcare7% and software development companies 4%
5. LMSs Access.
Another important figure that is always mentioned in reports is how users access LMSs. After summarizing from a lot of surveys, I have a surprising number for you: 89% of employees access LMSs from their desktop, 76% from a laptop and 25% from mobile devices.
6. User Satisfaction with LMSs.
About user satisfaction, the percentage of users who are very satisfied with LMS is 63% and the rest is just satisfied. But the great news is 99% of the respondents agree that LMS has a positive impact on eLearning content and online training efficiency in terms of higher course completion rates, the cost-effectiveness of training, an increase in employee’s productivity and higher retention rates.
7. LMS Perceived Benefits.
When talking about perceived LMS functionalities, 73% believe that LMSs main function is testing, 68% is training administration and 53% is record keeping. LMSs may be ideal for blended learning (53%), they can function as portals (53%), or that they may be excellent tracking tools (41%)
8. LMS Customer Loyalty.
I have emphasized the importance of customers for LMS in part 2, it is the indicator of the perceived impact of the LMSs on users. When doing the survey, I found that only 31% of LMS buyers have switched from their previous LMS to a new one. Roughly 32% of organizations have been using their existing LMSs for the last 2 to 5 years. It is not too strange because LMS is the long-term investment system and of course, organizations will expect it will stay for several years.