Corporate Learning Management Systems Statistics 2024

Corporate Learning Management Systems Statistics 2023: Facts about Corporate Learning Management Systems outlines the context of what’s happening in the tech world.

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Top Corporate Learning Management Systems Statistics 2023
- Corporate Learning Management Systems “Latest” Statistics

Top Corporate Learning Management Systems Statistics 2023

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Corporate Learning Management Systems “Latest” Statistics

A startling 94% of workers said in LinkedIn’s Workplace Learning Report that they would stay with a firm longer if the company invested in their careers.^[1]
Over the next three years, more than 120 million people from all sectors would need to undergo retraining or to reskill in order to manage advancements in ai automation.^[1]
Businesses with better onboarding procedures saw new recruit retention go up 82% and productivity up 70%.^[1]
Individuals who go through a thorough onboarding process are 69% more likely to remain on the job for three years or longer.^[1]
51% of workers choose self-guided online training over instructor.^[1]
Engagement levels are much greater, and completion rates for courses are about 85%-90%.^[1]
Corporate LMSs are a 2.5 billion dollar market today, and 79% of all LMS users are from industries other than education.^[1]
92% of employees stay on the job; the days of having a lengthy career with one firm and being well respected are long gone.^[2]
However, virtually all of them—89%—saw the advantages that their LMS had on training costs in general.^[2]
96% of the training material is organized. Another major benefit of adopting an LMS for workplace training is that it enables teachers to maintain the organization of all training materials.^[2]
89% implementing a new learning management system and then educating all users on its features and capabilities.^[2]
93% training effectiveness; in traditional training, the demands of the teacher are addressed more so than the learners’ genuine needs.^[2]
Performance of user tasks—92%—the whole purpose of training is to bridge the knowledge gap between what an employee already knows and what they might learn more about.^[2]
Concerns with the sales page builder were mentioned by 29% of respondents, who felt their platform needed functionalities.^[3]
Successful course authors were surveyed, and 63% of them said that their platform needed key functionality.^[3]
7% of respondents complained about the platform’s price, while another 7% said the affiliate marketing capability might be improved.^[3]
In 2020, an LMS was used by 70% of learning and development departments for their training initiatives.^[3]
80% of small businesses and 96% of medium businesses utilize learning management systems to offer training.^[3]
The LMS market’s projected value would increase to $15.72 billion.^[3]
By 2025, it is projected to be worth 1.96 trillion us dollars and continue to rise at a pace of 2.77%.^[3]
88% of the businesses questioned reported using virtual classrooms and video streaming, an increase from 83% in 2020.^[3]
Although many successful course designers were content with their online course platform, 63% said that it lacked certain functionalities.^[3]
According to 43% of students, these new technologies have an effect and give them the support they need to succeed.^[4]
By 2020, 58% of organizations aim to utilize corporate social networks.^[4]
Given how many corporate firms utilize LMS platforms, it may not be surprising that corporate-level executives make up the majority of participants (65%), followed by managers (35%).^[4]
A startling 51% of U.S. workers were disengaged at work.^[4]
One of the most significant trends for 2020 is that at the end of four years, 30% of learning and development specialists want to use both simulations and games in their e-learning programs.^[4]
90% of students prefer taking classes online over a conventional classroom, and they value having all the information in one place.^[4]
2,500 American businesses participated in surveys that revealed 42% of them reported higher revenue after adopting training programs.^[4]
Only 10% of workers feel comfortable in their employment function and lack the ambition to achieve.^[4]
There are already 3.3 billion mobile phones in use worldwide, which indicates that 42.78% of people on the planet own smartphones.^[4]
The consequence of requiring personal reforms is evident when comparing this to the 32% who felt they were engaged.^[4]
72% of firms felt that having an LMS offered them a competitive edge and helped them succeed in their market.^[5]
Renowned, well-established businesses that invest extensively in technology account for 30% of the worldwide LMS market.^[5]
Between 2016 and 2020, the LMS market is expected to develop at a compound annual growth rate of 24%.^[5]
Businesses reported a 24% increase in profit margins and a 218% increase in revenue for each employee in this study.^[5]
The growth of the LMS market is anticipated to reach a CAGR of 17.1% by 2028 as a result of the increasing acceptance of technology in academic settings.^[6]
24% of respondents from academic institutions said that increasing customer satisfaction and engagement is their top priority.^[7]
37% of businesses want to switch off their LMS systems.^[7]
Before asking a colleague or utilizing the company’s learning technology, 40% of workers check Google.^[7]
Although 82% of employers are prepared to recruit and train a candidate who does not possess the necessary abilities, 42% of job applicants do not fulfill the standards for the position.^[7]
48% of businesses do not think their corporate cultures are favorable to social learning.^[7]
56% of college students who took online courses did at least part of their work on a smartphone or tablet.^[7]
BYOD is used by 59% of businesses, while 67% of workers access work on personal devices.^[7]
66% of L&D professionals said that their positions within their businesses had significantly expanded.^[7]
When it comes to using analytics for various LMS procedures, 67% of academic institutions are still in the planning or lagging phases.^[7]
58% of workers like to study at their own speed, 49% prefer to learn when they are in need, and 68% prefer to learn while at work.^[7]
While 63% of working persons identify as professional learners, 73% of respondents say they are lifelong learners.^[7]
75% of workers prefer watching videos to reading the text while studying and designing digitally.^[7]
77% of online students who have taken face-to-face classes believe their online learning is equivalent to or superior to their classroom learning.^[7]
Graduate students utilize or want to use mobile devices for their online education, according to 81% of them.^[7]
82% of respondents see reporting analytics as a crucial platform element in LMS packages to advance their digital approach to company learning.^[7]
Only 27% of L&D professionals stated their CEOs were active advocates of learning, compared to 83% who said their management supported staff learning.^[7]
87% of Millennials in the workforce think their education is dull and irrelevant; 40% of millennials say they’d want to improve their presentation skills and unleash their creative juices.^[7]
91% of firms had previously prioritized virtual classes and webinar delivery capabilities.^[7]
According to 92% of CEOs, developing soft skills is the most important skill set to acquire via talent development programs.^[7]
As videos make up 80% of all internet traffic globally, video-based learning is becoming more popular because it is interesting, simple to understand, and can successfully retain students’ attention.^[7]
In 2021, 30% of learning analytics linked participant knowledge level to the performance.^[7]
Employers that utilize LMS and provide professional training may boost employee retention by up to 92%.^[7]
E-learning requires 40%–60% less employee time than instructor-led training, allowing firms to reduce the amount of time employees are away from their duties, particularly by eliminating the need for travel.^[7]
66% of L&D professionals anticipate that their organizations will increase their spending on virtual instructor-led training and online learning.^[7]
The total expenditure in educational institutions would increase from 1.4 billion in 2018 to 3.2 billion in 2022.^[7]
Employees acquire 70% of skills via their work; 20% from friends and coworkers, and 10% via official training sessions.^[7]
50% of learners are evaluated based on their performance at work and return on investment.^[7]
In a study on the best ways for contemporary employees to learn, 91% of respondents choose teamwork as the most effective method. In comparison, 70% cite mentorship and coaching as sources of encouragement.^[7]
10% of instructors say they haven’t ever heard of individualized learning, while 11% think it’s a fleeting trend.^[8]
35% of those who create digital learning programs want to integrate user-generated material, while 64% want to use open resources.^[8]
While 66% of LMS users demand programs with an improved customer and technical assistance, 67% of LMS users choose programs with full functionality.^[8]
70% of students say that switching laptops to mobile devices increases their motivation to study.^[8]
Mobile learning modules that are accessible via mobile devices are more engaging for 72% of learners who use mobile devices.^[8]
89% of workers use desktop computers, 78% use laptops, and 25% use mobile devices to access LMS applications.^[8]
33% of L&D professionals want to create MOOCs, while 93% want to create live online learning for their programs.^[8]
Since the gadget enables people to study from home or the workplace, 97% of workers believe that a tablet adoption policy increases the efficacy of learning.^[8]
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.^[8]
Corporate-level executives make up 65% of users of learning management systems, followed by managers at 35%.^[8]
Nearly 42% of Fortune 500 companies currently teach staff during scheduled learning hours using some type of learning technology.^[9]
Large businesses, that benefit from providing their employees with a readily accessible, standardized learning environment, make up around 30% of LMS buyers.^[9]
50% of the world’s workforce will be made up of millennials, predicts the PWC millennials at work study.^[10]
LMS will be used by 64% of K–12 schools and 36% of colleges and institutions.^[10]
Funding for Ed-Tech in Europe grew from 651 million in 2019 to 711 million in 2020.^[10]
The market is anticipated to expand at a 14.2% CAGR from 2022 to 2029, rising fro 16.19 billion in 2022 to 40.95 billion in 2029.^[10]
Compared to other training delivery methods, 32% of major firms are more likely to adopt computer-based or online learning strategies.^[11]
49% of survey participants ignored or didn’t pay close attention to their required compliance training.^[11]
If provided specific course suggestions to aid them in reaching their professional goals, 54% of workers would spend more time learning.^[11]
If a company made an investment in their learning and development, 94% of workers would remain there longer.^[11]
36% of large firms employ a classroom-based training method, while 34% use a hybrid learning strategy.^[11]
34% of workers who left their previous company did so for a higher opportunity for professional progress.^[11]
Employee training programs that are well planned have a positive effect on their level of engagement, according to 92% of workers.^[11]
Individuals who underwent leadership training improved their performance by 20% and their learning capacity by 25%.^[11]
44% of small firms prefer to provide training in a classroom setting with an instructor present, a practice known as instructor-led training.^[11]
93% of businesses want to develop live online learning for their initiatives.^[11]
70% of an employee’s skill development occurs on the job, 20% comes from peers and coworkers, and 10% comes through formal training sessions.^[11]
Compared to earlier generations, Gen Z is more likely to see training materials and consume 50% more educational content.^[11]
60% of employees started their own skill development last year, showing an unmet need for more knowledge in the workforce.^[11]
According to 66% of L&D experts, learning and development are expanding as strategic component of enterprises.^[11]
15% of those surveyed admitted to rushing through required compliance training without paying attention or reading.^[11]
70% of workers are somewhat likely to leave their present position to work for a firm that supports employee growth and education.^[11]
42% of businesses want to enhance their learning management system right now.^[11]
88% of businesses report poor user experiences as their main justification for changing learning technology providers.^[11]
Resilience training has been shown to lower the symptoms of mental discomfort by 30%.^[11]
Phishing was also found to be the most common threat vector, accounting for 83% of assaults.^[11]
39% of small organizations utilize traditional classroom instruction, 25% integrate learning methods, and 17% use virtual classrooms for training.^[11]
27% of small enterprises employ virtual classrooms and blended learning strategies.^[11]
46% of respondents reported spending more money than they did the previous year on learning technology to teach their employees.^[12]
7% less was spent on outside training consultants and travel for their training programs.^[12]
At a CAGR of 22.8%, the corporate learning management system market is anticipated to reach 7,570 million by 2026.^[13]
The U.S. academic e-learning market was valued at 1.84 billion dollars in 2019 and is anticipated to grow to 5.31 billion dollars by the end of 2026, with a CAGR of 16.3% from 2019 to 2026.^[13]
Market size is expected to increase by 9.464 billion by 2025, growing at a compound annual growth rate of 21.13%.^[13]
At a compound annual growth rate CAGR of 32.48% during the forecast period, the global massive open online course MOOC market is anticipated to increase in size from 4,637.96 million in 2019 to 25,080.44 million by the end of 2025.^[13]
39% of worldwide L&D professionals claim that their role includes assisting leaders in identifying present and future skill shortages.^[14]
43% of educational institutions have invested in new online learning tools and materials.^[14]
49% of L&D professionals collaborate with management to promote learner engagement and skill development.^[14]
Upskilling and reskilling programs are, according to 59% of learning development professionals, their top goal for 2021.^[14]
66% of worldwide L&D prosagree that their goals for this year are to rebuild and reshape their companies.^[14]
74% of students believe that their LMS has positively impacted their enjoyment, productivity, and instruction.^[14]
77% of faculty members in higher education agree or strongly believe that the LMS is essential to their instruction.^[14]
79% of students believe it was challenging to maintain motivation to do well in their course once it became online during the epidemic.^[14]
89% of higher education faculty were already using certain LMS capabilities, mostly for administrative chores like creating a syllabus, putting out material, collecting assignments, and monitoring grades.^[14]
98% of educational institutions have switched the bulk of their classes online.^[14]
64% of all L&D feel that learning development will be necessary for 2021 rather than just being good to have.^[14]
99% of schools provide students assistance for learning management systems and educational technology, however, the majority of students have either not received any training or are unaware of whether they have.^[14]
The number of business learners more than doubled between 2019 and 2020, and the quantity of learning rose by 58% more hours per student.^[14]
Only 21% of higher education teachers feel that online learning may help students learn well, despite the overwhelming scientific evidence to the contrary.^[14]
Compared to students at other kinds of schools, 35.9% of associate degree-granting institutions’ students have undergone formal LMS training.^[14]
99% of schools provide students assistance with learning management systems and educational technology, the majority of students have either not received any training or are unsure of whether they have.^[14]
77% of students believe that their LMS has positively impacted their happiness, productivity, and teaching during COVID-19.^[14]
In 2021, Google Classroom will control 39% of the LMS industry, according to other top LMS software.^[14]
The two major concerns cited by learning leaders as driving them to look for a new and better learning management system were low usability (53%) and excessive cost (44%).^[14]
Customers of Moodle report that 93% of implementations went as planned, which is impressive for an open-source product.^[14]
98% of educational institutions have switched the bulk of their classes online.^[14]

How Useful is Corporate Learning Management Systems

One of the key advantages of corporate LMS is the ability to offer consistent and standardized training across an organization. With an LMS, companies can ensure that all employees receive the same information and are held to the same standards. This is especially important when it comes to compliance training, where adherence to regulations and policies is critical. By centralizing training content in an LMS, companies can easily update materials and deliver them to all employees, ensuring that everyone is on the same page.

Furthermore, corporate LMS offer a variety of tools to track and assess employee learning. From quizzes and assessments to tracking employee progress through courses, these systems provide valuable data on individual and group performance. This data can help organizations identify areas where employees may be struggling and customize training to address these needs. It also allows for better monitoring of employee skill development and can inform decisions around promotions and career development opportunities.

Another significant advantage of corporate LMS is the flexibility they offer in terms of when and where employees can access training. With many companies embracing remote work and flexible schedules, having an online platform for learning is essential. Employees can complete training modules at their own pace, on their own time, and from any location with an internet connection. This flexibility not only improves accessibility to training but also tends to increase employee engagement and motivation.

Moreover, corporate LMS can help organizations save time and money on training. Traditional in-person training sessions can be costly and time-consuming, requiring employees to take time away from work to attend. With a corporate LMS, companies can deliver training online, eliminating the need for travel and costly instructor fees. Additionally, LMS allow companies to track training costs and effectiveness, helping organizations make informed decisions about where to invest their resources for maximum impact.

However, despite the many advantages of corporate LMS, there are some drawbacks to consider. One potential disadvantage is the initial investment required to implement and maintain an LMS. From purchasing the software to customizing it for the organization’s needs, there can be significant upfront costs associated with adopting a corporate LMS. Additionally, companies may need to invest in training employees on how to use the system effectively, which can further add to the total cost.

Another challenge with corporate LMS is ensuring that the content is engaging and relevant to employees. Some employees may find online training modules to be dry or boring, leading to disengagement and a lack of retention. Companies need to prioritize creating interactive and visually appealing content to keep employees interested and motivated to learn. Without engaging content, the full potential of a corporate LMS may not be realized.

Overall, corporate Learning Management Systems are undeniably valuable tools for training and development in today’s workplaces. From centralized training delivery to tracking employee progress and providing flexible learning opportunities, LMS offer a range of benefits to organizations. However, to fully leverage the power of a corporate LMS, companies need to invest in customizing content, ensuring employee engagement, and evaluating the ROI of their training programs. When used strategically, corporate LMS can be a powerful asset for organizations looking to upskill their workforce and drive business growth.

Reference

360learning – https://360learning.com/blog/what-are-learning-management-systems-lms/
matrixlms – https://blog.matrixlms.com/the-positive-impact-of-corporate-learning-management-system/
coursemethod – https://coursemethod.com/lms-industry-statistics.html
elearningindustry – https://elearningindustry.com/top-learning-management-system-lms-statistics-for-2020-infographic
elearninginfographics – https://elearninginfographics.com/top-learning-management-system-lms-statistics-2020-know/
wikipedia – https://en.wikipedia.org/wiki/Learning_management_system
financesonline – https://financesonline.com/25-essential-learning-management-system-e-learning-statistics-analysis-of-trends-data-and-market-share/
research – https://research.com/education/lms-statistics
skyprep – https://skyprep.com/lms/what-is-an-lms/
fortunebusinessinsights – https://www.fortunebusinessinsights.com/industry-reports/learning-management-system-market-101376
myshortlister – https://www.myshortlister.com/insights/employee-training-statistics
peoplefluent – https://www.peoplefluent.com/blog/learning/13-must-have-features-of-a-learning-management-system/
prnewswire – https://www.prnewswire.com/in/news-releases/corporate-learning-management-system-market-size-is-projected-to-reach-usd-7570-million-by-2026-at-cagr-22-8-valuates-reports-828621478.html
trustradius – https://www.trustradius.com/vendor-blog/lms-statistics-trends

Top Corporate Learning Management Systems Statistics 2023

Corporate Learning Management Systems “Latest” Statistics

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How Useful is Corporate Learning Management Systems

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