Top Learning Management System (LMS) Statistics For 2020 You Need To Know—Infographic
These Learning Management System statistics will prove why a Learning Management System is important for any corporation.
1. The Global eLearning Market Will Reach $31 Billion By The End Of 2020
The reasons behind this growth are simple, not only are HR managers and training managers looking for a way to educate their employees in a flexible and low-cost way, but educators are seeing the benefits of introducing a Learning Management System to their students.
2. The Global Growth Of The Mobile Learning Market Is Expected To Be Worth $37 Billion By 2020
Aimed at enhancing the learners' experience in eLearning, the use of mobile learning will continue to grow as people are adapting to new technology. Almost everyone relies on their phone regularly. A platform for communication and keeping up to date with the goings-on of everyone around them is a must. It makes perfect sense that more businesses and educational institutes are starting to jump on these trends and offer their own relevant eLearning resources.
3. Learning Management System Statistics Show That 30% Of L&D Professions Aim To Incorporate Simulations And Games In 2020
There are benefits that come with implementing games and simulations, including that it illustrates theoretical business concepts in a way that’s easier to understand, and it also increases engagement and enjoyment. Gamification is a form of active learning. It stimulates employees' minds, and it closes the gap between knowledge and skills.
4. Corporate-Level Executives And Managers Are The Primary Participants In Learning Management Systems
There are two main reasons as to why C-level executives and managers are the primary participants. One is because they are usually responsible for setting up training for their staff. The second reason is that they want to further their knowledge and ensure that they are kept up to date with any trends that occur.
5. 58% Of Businesses Are Planning To Adopt Enterprise Social Networks By 2020
Another key statistic is that 58% of businesses are planning to adopt enterprise social networks by 2020. By communicating internally via social media, businesses are seeing increased levels of productivity as employees can talk in real-time. The tools that come with an LMS can greatly benefit them in the long term.
6. 68% Of People Prefer To Learn Within The Workplace
It is interesting to see that 68% of people enjoy learning at the office. This statistic might not come as a surprise. Many would prefer to learn from internal work resources rather than take their work home with them. However, the flexibility that comes with eLearning is directly driving market growth as it improves the overall convenience of being able to learn from anywhere. Giving people the ability to decide when and how they learn, along with being able to establish personalized goals, helps bridge the gap between technology and education.
7. 58% Of Employees Favor Self-Paced Learning
Despite this statistic, the market, in general, is rapidly declining. he main reason is that many found that people aren’t completing their courses on time, as they are losing motivation. Because of this, businesses are looking for new methods to use that will ensure that employees are still engaged and interested in what they are learning.
8. 37% Of Learners Are Adults, Whereas 28% Are Young People
This trend, which is ever-changing as the industry develops, showcases the impact that eLearning has had on education. With the number of online learners increasing rapidly, the same will happen with the number of employees that utilize Learning Management Systems.
9. 30% Of Global Learning Management System Buyers Are Tech Companies
Renowned, long-established organizations that spend heavily on technology are said to make up 30% of the entire LMS global market. Providing their employees with a more accessible and flexible training environment, the importance that they put on implementing such technologies will continue to develop as systems advance.
10. Between 2016 And 2020 The Global LMS Market Is Predicted To Grow At A CAGR Of 24%
Research shows that the LMS market is predicted to rise at a compound annual growth rate of 24% between 2016 and 2020. This rate, which is ever-evolving, once again showcases the impact that LMSs have had on the workplace, and business owners are starting to realize the benefits that they can reap.
11. The Corporate eLearning Market Is Predicted To Grow At A CAGR Of 11.41% Between 2016 And 2020
Studies also show that within the corporate world, the CAGR is expected to rapidly rise at a rate of 11.41%. Of course, over the last couple of years, this statistic might have changed. However, the point is still the same. Investing is increasing as organizations are noticing the ROI they are receiving, alongside the increase in productivity levels and communication. Have in mind that evaluating your current LMS is crucial.
12. eLearning Is Increasing The Income Of 42% Of US Organizations
Surveys compiled from 2,500 companies across America showed that by implementing training programs within their business, 42% of them reported an increase in income. Within this same survey, businesses also received a 24% increase in profit margins and a 218% higher revenue for each employee. The employees who have the most up-to-date knowledge of trends and developments within their industry bring this impressive increase in revenue.
13. Government Spending Will Fall Rapidly By 2021
The government wants to spend on new training methods that are more effective within the workplace. As organizations constantly want to recruit new, fresh talent, they will want to offer training opportunities that appeal specifically to millennials.
14. IBM Noticed A Return Of $30 For Every $1 Spent On eLearning
In order to succeed within any industry, you need your employees to retain high productivity levels. The more productive they are, the higher your Return On Investment. he more productive they are, the higher your Return On Investment. IBM discovered that despite eLearning being expensive, the levels of productivity increased. They saw that with every $1 spent on eLearning systems, they made back an impressive $30 in return.
15. 72% Of Global Organizations See Learning Management Systems As A Competitive Advantage
In the business world, a competitive advantage could be the difference between business success and business failure. So when something comes up that can give you that edge against others within your industry, it’s always beneficial to take the leap and implement it within your business. In a recent study, it was found that 72% of organizations believed that an LMS gave them a competitive advantage that allowed them to thrive within their industry.
16. Data Shows That Over 51% Of US Employees Are Unengaged At Work
Being unengaged at work will also decrease overall productivity levels. It will also result in some suffering from burnout. This is an issue that no organization wants to face. Especially, if they want to retain a good work culture and an empowered workforce. If your business notices a lull in operations, it could be time to change up your training methods and start investing in eLearning.
17. The Education Industry Will Increase Spending Between 2017 And 2022
It is predicted that by 2022, the education industry is expected to spend $3.1 billion on enterprise video. This is an increase of $1.6 billion from 2017, this is due to the personalized experience and engaging content that it offers.
18. 90% Of Students Prefer eLearning To Classroom Learning
As so many people are utilizing technology in their everyday lives, this statistic isn’t shocking. Preferring to learn courses online rather than in the traditional classroom, 90% of students appreciate having all of the resources under one roof.
19. US College Students Find Digital Learning Technology Helpful For Their Studies
Any student will want eLearning technology that will benefit them in the long term. As the dropout rate is ever-increasing, this more effective way of learning will help to decrease this number. As the dropout rate is ever-increasing, this more effective way of learning will help to decrease this number. How? By making course completion easier. 43% of students claim that these new technologies are making an impact and are providing them with the assistance that they need to thrive. Because of this, the popularity of such resources will continue to rise.
By looking at the pros and cons it will become clear if an LMS is needed for your business. Whether you implement a simple system that you can use only for employee training or you look into the other possibilities, for example, Virtual Reality or AI, it’s evident that the technology behind eLearning is ever-evolving.
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