Global Corporate LMS Market 2017-2021
About Corporate LMS
LMS are software applications that are used to plan, deliver, and manage learning process. They use web-based technology to manage, administer, track, and report on the delivery of content, and evaluate the performance of participants. A large number of corporates are widely adopting these solutions due to the substantial cost benefits and proven results of increased efficiency and productivity of employees. These benefits have propelled companies worldwide to completely replace traditional forms of learning with LMS solutions. LMS have become important for organizations that do business around the world because it enables them to train their employees despite geographical location.
Technavio’s analysts forecast the global corporate LMS market to grow at a CAGR of 23.73% during the period 2017-2021.Covered in this report
The report covers the present scenario and the growth prospects of the global thoracic surgery market for 2017-2021. To calculate the market size, the report considers the revenue generated from the following deployment segments:
Technavio Announces the Publication of its Research Report – Global Corporate LMS Market 2017-2021
Technavio recognizes the following companies as the key players in the global corporate LMS market: Cornerstone OnDemand, Oracle, SAP, and Skillsoft
Other Prominent Vendors in the market are: Aptara, Articulate, City & Guilds Group, Desire2Learn, Docebo, Saba Software, Schoology, and Tata Interactive Systems
Commenting on the report, an analyst from Technavio’s team said: “The advanced LMS services that are being developed by the vendors are equipped with built-in analytical features to track the content that is being accessed by the users such as pages most visited and other minute details. Such details are stored and are analyzed to design content specific to the data collected.”
According to the report, the global corporate LMS market is expected to register exponential use of cloud-based LMS. Cost benefits associated with the use of cloud-based LMS is one of the primary factors accounting for this trend. Numerous vendors, including TalentLMS, Haiku Learning, Scholar LMS, and WizIQ, offer cloud-based LMS service. The use of cloud services helps companies reduce cost as they do not require servers to install LMS services. This cloud-based LMS is mainly helpful for the small and mid-size enterprises that lack skilled staff and the expertise in managing the operations.
Further, the report states that LMS providers are facing a threat from open source LMS, which were popular among education institutes. Open source LMS are gaining popularity among corporates because of the cost benefit they offer in comparison with the traditional way of offering these services, which is charging a one-time fee or through subscription.
Cornerstone OnDemand, Oracle, SAP, Skillsoft, Aptara, Articulate, City & Guilds Group, Desire2Learn, Docebo, Saba Software, Schoology, Tata Interactive Systems.
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