Today, the optimum use of LMSs at workplace has become a significant aspect to impart training, serving as a digital hub for both learners and trainers. New-age learners expect a more customized and discoverable learning environment that ensures the experiences which are more effective and engaging. An LMS allows learners to undergo training at their own pace, with the flexibility to choose when the learning should take place.
Statistics Affecting LMS Market 2018
E-learning delivered through modern LMSs has become a necessity for most of the organizations. Let us discuss the following statistics that will have a major impact on both LMS market and e-learning organizations in the year 2018:
- Modern learners will choose gamified courses
An enterprise LMS's robust content creation tools helps to embed different gaming elements to an e-course. Games entice millions of learners from all over by leveraging motivation as well as engagement. Latest trends towards gamified learning helps reducing the complexity of a well-structured game to its simplest components including scores, badges and leaderboards. Games improve collaboration among the peers and encourage them to participate more and boost their knowledge competence.
It is expected that the LMS market will rise by 23.17% in the year 2018 [Source: eLearning Stastics]. The LMS market needs to monitor training course accessibility, management of different ourses, create reports, feedback analysis, thereby contributing the highest to revenue generation of the market.
- Video will generate more traffic
Presently, video-based learning is taking center stage and it has transformed from 'costly, nice-to-have' to the 'new normal' over the past few years. As per CGS Enterprise Learning Survey, video is considered as the most essential change to e-learning strategies [Source: https://act.cgsinc.com/Learning-2017Q1-TrendsPromo_LP-Q12017-Trends.html]. In 2017, video became a significant platform to deliver personalized content over mobile devices and social media platforms. Driven by changing employee demands, customer engagement and cost-reduction, video has shifted front and center for L&D organizations.
As per Forbes, organizations are expected to invest more money into online learning and development in 2018 [Source: Forbes 2018 Trends]. This will help them to bridge skills gap, improve their performance and boost the overall business growth.
2018 is expected to become a promising year for the LMS market across the globe, thereby transforming the entire online learning landscape. By using an LMS, it is possible to deliver customized courses as per the desired needs of all.
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