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LMS 2013: The $1.9 Billion Market for Learning Management Systems
بواسطة الأربعاء, 10 أكتوبر 2012, 02:58 م - Admin User
 

 

LMS 2013: The $1.9 Billion Market for Learning Management Systems

 

This week we will be launching our newest annual research on the state of the Learning Management Systems market. These software systems are among the most important and rapid-changing parts of HR technology, and they drive tremendous value to businesses of all sizes. And this market grew at over 14% last year, despite the global recession.

Our research discusses the market size, market share of the major players, trends, and detailed analysis of the top vendors to help you in selection and strategy.

Why the growth in this market?

Businesses face a global skills imbalance, creating the sticky unemployment rate and "rush to skills" we see all over the world. The US education system is in crisis and much of the high rates of unemployment are not due to a lack of jobs, but rather a lack of skills. Making up for this, businesses increased their corporate training by 9.5% last year (Read the Corporate Learning Factbook for details) bringing global corporate spending to over $130 billion.

And one of the most critical parts of corporate training is the role of technology platforms (coupled with social and mobile tools) that make it easy for companies to develop and share content, deliver instructional materials to employees at the time of need, and administer formal training. The decades-old LMS market is transforming itself to meet these needs.

As readers of this research will learn, LMS platforms continue to play a vital role in HR technology as well. Despite the recent wave of mergers (Oracle-Taleo, SAP-SuccessFactors, IBM-Kenexa), a flurry of small innovative companies are reinventing this market. Established players continue to try to keep up, as new vendors provide very easy to use systems which make learning as easy as going to Khan's Academy or browsing YouTube... More