Is the LMS Dead?
The Twitterverse recently proclaimed that the LMS isn’t dead. Personally, I wasn’t aware that there was speculation that Learning Management Systems were entering their twilight years. My curiosity was piqued though; so I ventured into the internet to see if I could find any evidence of a decline.
Much to my delight, I didn’t find any evidence that the LMS would be extinct in the near future. In fact, we can expect continued growth and innovation for a while longer. According to Talented Learning, a source that tracks the LMS market, there were over 650 LMS vendors in the market last year, and new players are still entering. Bersin by Deloitte’s Global Market for Learning Management Systems 2014 report shared impressive numbers. The market grew 21% in 2014 and was worth over $2.5 billion.
So why the conflicting perspectives on the LMS market? Because the learning market is changing, Human Resources (HR) and Learning & Development (L&D) teams are experiencing change in both function and systems being used. There is a heavy focus in reskilling today’s employees to bridge the digital skills gap. For HR that means putting tools, like an LMS, in place to manage record keeping and tracking compliance training and L&D revamping how it engages and instructs the modern worker.
Both push against some of the older LMS platforms and surface up features that need to be updated causing some tension in the market. Brandon Hall’s most recent study, the 2016 Learning Technology Study, suggests that 44% of responding companies were considering replacing their LMS. This was an increase of 15% from the previous study in 2015. Users of today’s LMS systems are overwhelmingly asking for improved user experiences that engage learners and draws them into the LMS to find and access the training and knowledge they need to be able to work efficiently. At the same time, they require a better administrative experience with enhanced reporting and integration with HR systems. The best vendors are listening to their clients and are already innovating. We regularly engage our clients to talk about future needs.
TeamTP understands that the LMS counts for a significant part of our client’s learning technology budget. With that in mind, we are developing the TutorPro Learning Management Toolkit in partnership with Michelle Spencer of LLDevNet. The Toolkit is an educational and knowledge resource for anyone planning to implement a LMS or change their LMS. Our second webinar in the series is scheduled for Monday, August 15, 2016. You can sign up here to join us. If you can’t make it, visit our Toolkit page to sign up to keep informed about new developments.