- Technavio released it's new Global Next Gen LMS Market 2016-2020 research report, which indicates by the year 2020, nearly 80% of organizations will adopt the use of a cloud-based learning management system (LMS).
- According to this survey, key drivers for increased use of cloud-based LMS include the ability to curate content, customize the learning experience, personalization of learning materials for each learner and the convenience of getting support as needed. Top vendors in the next-generation of LMS include: Adobe Systems, D2L, Docebo and Expertus, based on the Technavio survey.
- As of 2015, the global next-generation LMS market was worth around $375.1 million, and it is projected to reach $1.3 billion by 2020, which is a CAGR of 28.80%.
Companies have finally caught on to the need for open learning management systems that are both adaptable and cost-effective. In the early years of e-learning, most were clunky and required a lot of training to create even basic workforce development courses. Today, however, LMS are much more intuitive and the ease at which corporate materials can be added to create learning collateral is driving their use.
Now, organizations are taking it a step further with branded content, intended for not only internal employee training efforts, but also for sharing with the world. Employers must be prepared to manage all facets of employee development, from onboarding and new hire training, all the way through advanced certification and skills development.