Why organizations will demand a cloud-based LMS in 2016
With the global SaaS market projected to grow from $49B in 2015 to $67B in 2018, we look at some of the reasons why organizations would pursue a SaaS cloud-based LMS as opposed to an on-premise LMS. Here are 5 that we came across that we believe will be game changers.
1. The cost factor
Limited upfront costs.
- No expensive hardware or software to purchase and therefore lower startup costs.
- No need to install hardware and therefore no installation charges.
2. No need for in-house IT Staff
Companies can reduce their IT staff because with a cloud-based LMS there is:
- NO installation
- NO maintenance
- NO management
- NO security threats to be handled by the organization
3. More storage space and no backup required
- Think of the countless space you save on your own systems/devices when you don’t have to back up all your training data.
- In 2013 it was reported that 7% of data was stored in the cloud and this number was estimated to rise to 36% by 2016.
4. Better data security
- A high level of security is guaranteed with cloud-based LMSs – which are as secure and in many instances more secure than on-premise LMSs.
- Smaller and mid-sized companies can now afford a level of security that they otherwise might not be able to afford.
- Cloud-based LMSs offer a secured and encrypted channel and serve well to share sensitive information within the LMS.
Learners have easy access to their training programs with easy to access learning:
- From Anywhere
- At any time
- On any device (Not all cloud-based LMSs allow this)