Best Learning Management Platforms of 2019

Posted by Trina on April 12th, 2019

What is Learning Management Software?

Learning management software (or learning management systems (LMS), e-learning software) allows organizations to teach and train employees from one central platform using custom curriculum, quizzes, and gamification, among other methods.

Perfect job candidates won’t magically appear on the company doorstep. Every business is unique, and as jobs become more nuanced, it’s far-fetched to expect every team member to hit the ground running. To ensure each new hire an employee is up to speed, companies must inventory skills, identify what’s missing, and empower their workforce to bridge that knowledge gap.

Admittedly, this is a complex task. But when your hiring process is thwarted by lack of skills, it’s time to consider what your business can do to create the employees you need. From onboarding and training to ongoing education and skill development, learning management software (LMS) helps businesses facilitate the consistent transfer of critical knowledge and skills to workers.

However, since nearly every HR software vendor offers learning management software, discerning between options is tricky and time-consuming. To simplify the buying process, this guide will examine the learning management software market, provide a learning management software comparison chart, and feature LMS case studies for organizations of any size.

LMS Market Overview

Learning Management System 

Changes in the Market

Learning management systems track an employee’s education, qualifications, and skills, then outline materials or courses available to develop those skills. In 2014, the LMS market grew by more than 21 percent, putting its value well over .5 billion.1 By contrast, the LMS market only grew about 13 percent the previous year. This significant growth is driven by several factors, including:

• A heavy focus on corporate training. Swiftly changing technology (electric cars, big data initiatives, healthcare advances) and new global regulations require professionals to continuously learn and grow their skillsets.
• The market for Massive Open Online Courses, or MOOCs, has exploded. Several leading online education platforms, (Coursera, Udacity, Udemy) have started licensing courses to businesses.
• Business are replacing learning platforms that are 4-7 years old. Rapid advancements in functionality and deployment have led to more advanced collaboration and knowledge sharing platforms, and business are eager to upgrade.

The sheer volume of LMS options on the market makes workforce training and learning more accessible than ever. If a company is dissatisfied with their current system (or lack thereof), they needn’t look far. Finding learning platforms that can be tailored to your specific business needs is relatively easy— it’s narrowing the options and choosing between them that proves most challenging.