Proliferation of the Internet has widened consumers’
viewpoint to varied sources of information. Learning management systems use the
power of the Internet to enhance knowledge and skill of employees and students.
A
Stepping Stone
Learning management systems (LMS) are software or a
suite of software designed to deliver educational courses to employees or
students. They also contain programs to track, rate, document, and administer
employee ratings based on their performance. These courses are considered a
stepping stone by employees to increase their skill set.
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In addition, companies providing these services are
expected to aggregate the use of Big Data, Cloud, and social media analytics to
be more responsive to their consumers. Rising utilization of mobiles has led to
customization of these courses on smartphones and tablets. Companies have
adopted LMS to foster employee growth.
Social
Media, Analytics, and Cloud
LMS providers are integrating support for social
media platforms to increase employee engagement. They plan to use gamification
to make learning fun and interactive in the form of badges and points. Social
media, analytics, and Cloud (SMAC) are integral to the evolution of LMS from
previous traditional models. Skillsoft, a U.S. educational technology company,
has launched a Cloud-based platform (“Percipio”) for readers to gauge their
performance as well as provide links to content channels in accordance with
their needs.
Toyota Motor Europe (TME) has used a LMS to shape the
skills of its 350,000 employees worldwide. By using metrics provided by the
system, it was able to pinpoint areas of improvement. The information provided
TME with accurate insights in developing its in-house digital learning system.
Market
Overview
The global next gen LMS market is anticipated to showcase
a respectable growth rate during the forecast period (2017–2021), according to
a report on Radiant Insights, Inc. Need for automated systems that can offer
tutorials and courses to enhance the knowledge of employees is currently the
main driving factor of the market.
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The learner management application segment is
expected to garner maximum revenue due to its usage by the telecom & IT
industry. Academic and corporate are two of the biggest end users. Within the
academic segment, higher education is estimated to exhibit a CAGR above 31%
over the forecast period. Major market players include Growth Engineering,
INSTRUCTURE, D2L Corporation, and Docebo.
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Michelle Thoras
201 Spear Street 1100,
Suite 3036, San Francisco,
CA 94105, United States
Tel: 1-415-349-0054
Toll Free: 1-888-928-9744
Mail: sales@radiantinsights.com
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