When people think about learning, they often envision traditional settings like schools, further education institutions, or one-time training sessions. However, with the world increasingly digitized, education and training are evolving to keep pace. eLearning is revolutionizing how we learn by enhancing engagement, improving retention, and reducing costs.
The growth of the Learning Management System (LMS) market reflects this shift, with projections indicating it will reach approximately $21 billion by 2027 at a CAGR of 17.4%. This growth trajectory suggests a promising future for the LMS market, with vendors adapting to serve this expanding market by splitting into two main categories: those catering to educational institutions and those focusing on corporate training for professional sectors.
This blog aims to comprehensively understand corporate LMS, including their features, use cases, benefits, and how to select the best LMS for your training needs. Let’s begin by understanding what exactly an LMS is.