In this article, we are sharing the vital LMS Facts and Figures that is useful for an eLearning professional to know.It is especially for those who are planning to choose a new Learning Management System.
To begin with, many research studies, polls and reports give us valuable insights and forecasts about Learning Management Systems. Read along further, to discover the important LMS facts and figures gives you a glimpse into the future of Learning Management Systems and who, the key players are today. Also, if you are looking for a new LMS solution, these figures may help you with required features and functions of LMS.
- Usage of LMS Per Industry–
A recent report shows that government institutions only consists 2% of the LMS software market, with the educational sector to be approximately one-fifth of the entire LMS market (21%). Other industries (sector wise) which follow, are: technology 12%, manufacturing 9%, consulting and healthcare (7%) and software development companies (4%). Lastly, non-profit organisations and real-estate are also found at 3% of the LMS market each.
- LMS Popularity In Terms Of Number Of Users–
- Compare: Cloud-Based LMSs vs. Installed LMSs–
According to a survey about LMS users, taken few years ago, there seems to be a tendency towards cloud-based LMSs, because 87% of the respondents were found to use a web-based LMS, when compared to only 13% who have an installed LMS.
- LMS Perceived Benefits–
With respect to the advantages of LMS including functionalities, 73% of those surveyed, indicated a belief that LMSs main function is testing, 68% training administration and 53% record keeping , although from another study, we have additional information about user perceived benefits, indicating their belief that LMSs may be ideal for blended learning (53%), they can function as portals (53%), or that they may be excellent tracking tools (41%).
- User Satisfaction With LMSs–
When it comes to user satisfaction, 63% of users seem to be very satisfied , 12% fairly satisfied and 25% just satisfied with their LMS , attributing their source of satisfaction to a widely-accepted belief, from 99% of the respondents, the use of LMS has a positive impact on eLearning content and online training efficiency. Other aspects on which users seem to perceive that LMSs have a positive impact include higher course completion rates (65%), cost effectiveness of training (45%), increase in employee’s productivity (37%) and higher retention rates (21%).
Thus, LMS is a valuable tool for eLearning professionals and all signs point to it . Hopefully these key LMS facts and figures have offered you the information you need to choose the learning management system that’s just right for your learners’ needs.