Learning Experience Platforms (LXP) Statistics


Steve Goldstein
Steve Goldstein
Business Formation Expert
Steve Goldstein runs LLCBuddy, helping entrepreneurs set up their LLCs easily. He offers clear guides, articles, and FAQs to simplify the process. His team keeps everything accurate and current, focusing on state rules, registered agents, and compliance. Steve’s passion for helping businesses grow makes LLCBuddy a go-to resource for starting and managing an LLC.

All Posts by Steve Goldstein →
Business Formation Expert  |   Fact Checked by Editorial Staff
Last updated: 
LLCBuddy™ offers informative content for educational purposes only, not as a substitute for professional legal or tax advice. We may earn commissions if you use the services we recommend on this site.
At LLCBuddy, we don't just offer information; we provide a curated experience backed by extensive research and expertise. Led by Steve Goldstein, a seasoned expert in the LLC formation sector, our platform is built on years of hands-on experience and a deep understanding of the nuances involved in establishing and running an LLC. We've navigated the intricacies of the industry, sifted through the complexities, and packaged our knowledge into a comprehensive, user-friendly guide. Our commitment is to empower you with reliable, up-to-date, and actionable insights, ensuring you make informed decisions. With LLCBuddy, you're not just getting a tutorial; you're gaining a trustworthy partner for your entrepreneurial journey.

Learning Experience Platforms (LXP) Statistics 2023: Facts about Learning Experience Platforms (LXP) outlines the context of what’s happening in the tech world.

LLCBuddy editorial team did hours of research, collected all important statistics on Learning Experience Platforms (LXP), and shared those on this page. Our editorial team proofread these to make the data as accurate as possible. We believe you don’t need to check any other resources on the web for the same. You should get everything here only 🙂

Are you planning to form an LLC? Maybe for educational purposes, business research, or personal curiosity, whatever the reason is – it’s always a good idea to gather more information about tech topics like this.

How much of an impact will Learning Experience Platforms (LXP) Statistics have on your day-to-day? or the day-to-day of your LLC Business? How much does it matter directly or indirectly? You should get answers to all your questions here.

Please read the page carefully and don’t miss any words.

Top Learning Experience Platforms (LXP) Statistics 2023

☰ Use “CTRL+F” to quickly find statistics. There are total 34 Learning Experience Platforms (Lxp) Statistics on this page 🙂

Learning Experience Platforms (LXP) “Latest” Statistics

  • A recent study found that 79% of CEOs and company owners across the globe are worried that a shortage of critical skills in their workforce might endanger the future expansion of their firms.[1]
  • When picking a career, 59% of millennials, 44% of Gen Xers, and 41% of baby boomers viewed learning and developing inside the firm to be a very important consideration.[1]
  • 94% of workers said they would remain at their current employment for a long time if their employers supported their professional growth, which reduced employee turnover significantly.[1]
  • 57% of web material is accessed on mobile devices and tablets.[2]
  • Mobile devices, which account for 40% of learning performance in the real world, allow leaders to determine if learning is effective, and HR management, which provides leaders with a picture of talent.[2]
  • 86% of enterprises utilize an LMS, and that number rises to 98% in businesses with more than 5,000 workers.[3]
  • While 66% of LMS users demand programs with improved customer and technical assistance, 67% of LMS users choose programs with full functionality.[4]
  • 70% of students say that switching from laptops to mobile devices increases their motivation to study.[4]
  • Mobile learning modules that are accessible via mobile devices are more engaging for 72% of learners who use mobile devices.[4]
  • 89% of workers use desktop computers, 78% use laptops, and 25% use mobile devices to access LMS applications.[4]
  • 33% of L&D professionals want to create MOOCs, while 93% want to create live online learning for their programs.[4]
  • 97% of workers believe that a tablet adoption policy increases the efficacy of learning.[4]
  • 35% of the LMS market in North America, Latin America, and Europe is accounted for by canvas, the market leader.[4]
  • According to eLearning market trends 2020, during the next five years, it is predicted to increase at a CAGR of 14%.[4]
  • Finland has the highest percentage of people who have taken an online course (21%), followed by the United Kingdom (19%), Sweden (18%), and Spain (15%).[4]
  • In the United Kingdom, 24% of those who buy educational resources online are between the ages of 16 and 24,16% of people are aged 25 to 34, and 14% are aged 35 to 44.[4]
  • The eLearning industry in Latin America was estimated to be worth $2.1 billion in 2016 and is anticipated to expand at a cagr of 14% over the next five years.[4]
  • Technology is the most popular course topic by 19.8%, according to the number of technology-related courses introduced in 2019.[4]
  • The size of the worldwide corporate LMS market is anticipated to increase from 2020 to 2024 at a compound yearly growth rate of 23%, generating $12.48 billion in sales.[4]
  • Students who use cell phones to access online learning platforms finish their coursework 45% quicker than those who use computers.[4]
  • The LMS market also includes other industries including software development firms, manufacturing (12%), healthcare (9%), and consultancy (7%).[4]
  • At a CAGR of 19.6%, the LMS market is anticipated to increase from $9.2 billion in 2018 to 224 billion in 2023.[4]
  • Mobile learning is in high demand, and as a consequence, the market is expected to rise at a CAGR of 36.45% from 2020 to 2027, with a market value of $27.32 billion in 2020.[4]
  • The worldwide nextgen of learning management system LMS market is anticipated to reach $40.36 billion by 2026, according to Trends Market Research’s April 2021 report.[5]
  • According to business figures, Cornerstone has more than 6,000 clients and 75 million users across 50 languages and 180 countries.[6]
  • Poor user experience (52%) and software cost (51%) are the main obstacles to learning technology satisfaction.[6]
  • 21% of the worldwide LMS market, or one-fifth of the market, is accounted for by the education sector.[6]
  • Corporate-level executives make up 65% of users of learning management systems, followed by managers at 35%.[6]
  • 37% of LMS users are adults, while 28% are children.[6]
  • According to findings, workers who invested at least 40 hours in the learning experience platform were 39% more likely to remain than those who invested fewer hours.[7]
  • China accounted for more than 30% of the market for learning experience platforms in Asia Pacific in 2020, and it is anticipated that this trend would continue through 2026.[8]
  • According to a poll, there were 5.19 billion smartphone users globally in January 2020, which boosted the demand for mobile data.[9]
  • The worldwide Learning Experience Platform (LXP) market is expected to reach USD 508.5 million in 2020, according to a recent study.[9]
  • From 2020 to 2026, the Learning Experience Platform (LXP) market is anticipated to expand at a compound annual growth rate of 25.3%.[9]

Also Read

How Useful is Learning Experience Platforms Lxp

At their core, LXPs aim to deliver a user-centric learning experience that empowers individuals to take control of their own development. By leveraging technologies such as artificial intelligence, machine learning, and data analytics, these platforms are able to deliver tailored content, recommendations, and pathways that align with each learner’s needs and goals. This personalized approach has the potential to enhance engagement, motivation, and knowledge retention, ultimately leading to better learning outcomes.

One of the key advantages of LXPs is their versatility and flexibility. They offer a wide range of content formats, including videos, podcasts, articles, quizzes, and more, allowing learners to engage with material in a way that suits their learning preferences. Additionally, many LXPs support social learning features, enabling users to collaborate, share knowledge, and learn from one another in a supportive online community.

Another important aspect of LXPs is their focus on skill development and competency-based learning. Rather than simply completing courses or modules, learners can track their progress and mastery of specific skills, creating a more meaningful and tangible learning experience. This emphasis on skills-based learning is especially valuable in today’s rapidly changing job market, where employees must continually upskill and reskill to stay competitive.

Furthermore, LXPs can help organizations improve their training programs by providing insights into learner behavior, preferences, and performance. By analyzing data generated by the platform, organizations can identify areas for improvement, address gaps in knowledge, and better understand the impact of their learning initiatives. This data-driven approach can lead to more targeted and effective learning interventions, ultimately driving better business results.

However, despite all these benefits, LXPs are not without their challenges. For organizations to fully realize the potential of these platforms, they must invest in developing high-quality content, curating resources, and fostering a culture of continuous learning. Furthermore, integration with existing systems and technologies can be complex, requiring a thoughtful and strategic approach to implementation. Additionally, not all learners may be comfortable with a self-directed learning model, and some may struggle to navigate the platform effectively without adequate guidance and support.

In conclusion, while learning experience platforms offer promise in improving the way individuals learn and grow, their effectiveness ultimately depends on how they are implemented and utilized. By leveraging the capabilities of LXPs to deliver personalized, engaging, and skills-focused learning experiences, organizations can empower their employees to reach their full potential and drive business success.

Reference

  1. ddi-dev – https://ddi-dev.com/blog/case/how-to-build-learning-experience-platform-lxp-from-scratch/
  2. filtered – https://learn.filtered.com/lxp-guide
  3. learningsolutionsmag – https://learningsolutionsmag.com/articles/4-reasons-to-use-a-learning-experience-platform
  4. research – https://research.com/education/lms-statistics
  5. escp – https://thechoice.escp.eu/tl-dr/learning-experience-platforms-future-of-online-education/
  6. webinarcare – https://webinarcare.com/best-learning-experience-platforms/learning-experience-platforms-statistics/
  7. edcast – https://www.edcast.com/corp/data-shows-39-increase-in-retention-for-employees-that-spend-at-least-40-learning-hours-on-edcasts-lxp/
  8. fnfresearch – https://www.fnfresearch.com/learning-experience-platform-lxp-market
  9. globenewswire – https://www.globenewswire.com/en/news-release/2021/05/05/2223330/0/en/Global-Learning-Experience-Platform-LXP-Market-Projected-to-Expand-USD-2186-4-Million-by-2026-Facts-Factors.html

Leave a Comment