Reprinted from eLeaPSoftware.com
The Learning Management Systems (LMS) market has become huge in recent years. It’s a $2.6 billion market that grew by more than 20% in 2014 (source). In spite of this fact, it’s surprising that many companies (mostly on the smaller side) still haven’t taken the plunge to implement their first LMS. But even for those who have (and larger corporations are now in their third or fourth generation of LMS), many of them are entering a replacement cycle. After all, the average age of an LMS at any given company that has one is 4-7 years old, and as of 2014, 61% of companies were planning to replace their LMS within 18 months (source).
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