As the following chart shows, the market evolved in four stages, following the evolution of learning and HR technology. The LMS market has changed rapidly over the last few decades. The LMS Market Shift: From Learning Management To Learning So all the major LMS companies built out talent management suites to address this need.

While the LMS market started out 20 years ago as a standalone software category, today most companies want their LMS integrated into their other talent management applications. And as a place to store content, the LMS is a vast repository for videos, webcasts, documents, course materials, assessments, e-learning, and tests. In large global companies the LMS manages career development programs, onboarding programs, leadership development programs, and functional training programs (IT, project management, quality, etc.). In industries like financial services, health care, pharmaceuticals, and energy, the LMS manages mandatory compliance training. These systems have become mission-critical to most large companies. Our research identified more than 300 vendors in the market, with a few dominant players (CornerstoneOnDemand, SumTotal, SAP, Oracle, and Saba) each with slightly over 10% market share. Some focus on compliance and global training some focus on video and content management others focus on professional development and knowledge sharing. The corporate LMS is typically used to administer and manage the complex business of corporate education, which includes class scheduling, e-learning and virtual training, compliance and regulatory tracking, career and professional development, sale of education products to customers and partners, as well as internal video sharing, expertise networks, and some knowledge management.īecause training is so complex and varies widely from company to company, there are many vendors. Today the LMS market is over $2.6 billion in size and growing rapidly (more than 20% growth rate in 2014) as many companies replace their older training systems.

The Learning Management Systems (LMS) Market: Big And Growing

What does lms mean snapchat