Learning Management Systems Irrelevant? Think again!
If there was ever the belief that Learning Management Systems (LMSs) were declining in relevance, think again. Shutdowns during the pandemic greatly impacted the way we learn and deliver learning. One area that has seen significant growth as a result is the LMS market. According to Meticulous Research, the LMS market is expected to be worth $28.1 billion by 2025. This rapid growth can be attributed to a few key factors.
The shift to remote learning during the pandemic increased the need for online learning and learning management.
When schools, universities, and even workplaces had to close their doors and move to online learning, the demand for tools and platforms that could support this transition grew exponentially. LMSs were a key part of that shift, and as we shifted to life post shutdown, that need didn’t go away. LMSs provided a central hub for course content, assessments, classroom management (on premise or virtual), and reports. This allowed for a seamless transition to remote learning and ensured that education and training continued without interruption.
The LMS market has made it increasingly easy for people to access and use these systems.
With the proliferation of smartphones and laptops, more people can connect and access online learning materials. This has made it easier for people to use LMSs and contributed to their growth. The easy-to-use interface of most LMSs means that even those with limited technical skills can easily navigate and use these systems. The growing accessibility of LMSs is one of the key drivers of their rapid growth, the ease of use and user-friendly interface of most LMSs make them accessible to a wide range of users, regardless of their technical skills.
Post pandemic, the growth has continued because of the increasing demand for online learning in general. This is especially true in the workplace as companies are shifting to an increased focus on employee development. LMSs provide a convenient way to both implement learning and track and report employee progress and development. When shopping around for an LMS, look for a solution that integrates and personalizes learning across the entire employee lifecycle – from candidate selection, onboarding to performance management. This shifts the focus of learning from compliance-based to one that truly focuses on individual development.
If the pandemic taught us anything, it is that we need to learn to adjust, because what was once a temporary fix is now a permanent fixture. The LMS market is here to stay and is set to continue its rapid growth in the future.