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Some of the key trends in across the Globe

  1. Beginning in 2011, the growth rate of the e-Learning market amounted to 5.1% in North America, 6% in Western Europe, 8.2% in the Middle East, 14.6% in Latin America, 15.3% in Africa, 16.9% in Eastern Europe and 17.3% in Asia.
  2. 40% of LMS buyers report a 40% increase in revenue, 53% increase in productivity, 26% decrease in cost, and 16% decrease in turnover rate as the result of an LMS purchase.
  3. LMSs (Learning Systems) are widely used in a variety of industries, but the leading one is (21%); then comes Technology (12%) and Manufacturing (9%
  4. The worth of the LMS market was measured at $2.5 bn in 2013, $7.8 bn in 2016 and, according to numerous predictions, the number will have grown to $15.72 bn by 2021.
  5. The number of governmental institutions using LMS software for training purposes remains small (2%).
  6. These figures indicate a considerable financial contribution to the distance education field, not to mention the huge potential of the e-Learning market.
  7. More than half of LMS acquirers implement their LMSs within 6 months, whereas another 24% of buyers need up to 1 year…….

Read more

http://www.ispringsolutions.com/blog/top-lms-industry-facts-of-2016/

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