A Learning Management System (LMS) is a software application or web-based technology that streamlines the administration, tracking, reporting and delivery of courses or training programs. LMS solutions play a crucial role in modern organizational education, as they help identify training gaps and facilitate various learning approaches, including online learning, classroom management and flipped classrooms.
With approximately 83% of organizations using an LMS, its importance lies in cost savings, consistent training, tracking learner progress and meeting regulatory compliance. According to Globe News Wire, the worldwide market size for LMS solutions is expected to reach $40.95 billion by 2029, highlighting their significance in addressing the skills gap crisis and the demand for continuous educational opportunities.
Among the reasons behind this popularity is the need to close skill gaps, adapt to market changes and technological advancement, save businesses time and money and allow employees to learn and complete training programs anytime, anywhere.
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But are businesses getting the maximum value of their LMSs? And what key features do they want from their learning systems?
To discover more, we surveyed 210 HR professionals, from managers all the way to the C-Suite, across the US and the UK. These participants worked for companies with at least 250 employees all the way up the largest businesses with over 25,000. Here’s what we found out: