Learning Experience Platforms (LXP) Statistics


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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 🙂

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Top Learning Experience Platforms (LXP) Statistics 2023

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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

One of the key reasons why LXPs have become such a sought-after solution is their ability to provide personalized learning experiences. With the rise of digital technologies, the traditional one-size-fits-all approach to learning has become outdated. LXPs allow users to tailor their learning path based on their individual goals, interests, and learning styles. This personalization helps to keep learners engaged and motivated, ultimately leading to better retention and comprehension of the material.

Additionally, LXPs offer a wide range of content formats, from videos and interactive simulations to e-books and articles. This diverse range of content ensures that users have access to varied resources that cater to different learning preferences. Moreover, many LXPs utilize artificial intelligence and machine learning algorithms to recommend relevant content based on the user’s past interactions and preferences. This feature not only saves users time but also ensures that they are exposed to material that aligns with their learning objectives.

Furthermore, LXPs often come equipped with robust analytics capabilities that track user activity and performance. By collecting data on how users engage with the platform and their progress, educators and administrators can gain valuable insights into the effectiveness of their learning initiatives. This data-driven approach allows for continuous improvement and refinement of content and learning strategies to better meet the needs of learners.

Another advantage of LXPs is their collaborative features that foster peer-to-peer learning and knowledge sharing. Users can engage with each other through discussion boards, group projects, and collaboration tools, creating a sense of community and enhancing the overall learning experience. This social aspect adds a layer of accountability and support that can motivate users to stay on track and actively participate in their learning journey.

In addition to personalized learning, diverse content formats, analytics, and collaboration tools, LXPs also offer a high degree of flexibility and accessibility. Users can access the platform anytime, anywhere, and on any device, making learning convenient and adaptable to individual schedules and preferences. This flexibility is particularly beneficial for busy professionals and lifelong learners who need to balance their education with other responsibilities.

Overall, the usefulness of LXPs in enhancing the learning experience cannot be denied. Their personalized approach, diverse content offerings, analytics capabilities, and collaborative features make them a valuable tool for individuals and organizations looking to improve learning outcomes. As technology continues to evolve, LXPs will likely play an even more prominent role in shaping the future of education and training.

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

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