Jaykishan Panchal for Tech.co writes: Online learning platforms are becoming increasingly popular, and businesses are quickly jumping on board with the trend. With the convenience and affordability of operating from the cloud, online learning platforms help businesses keep their employees up-to-date with the latest industry trends and information, while also keeping skills sharp.
The learning management system (LMS) market was worth $2.55 billion in 2013. It is estimated to reach $4 billion by the end of 2015, and more than $7 billion in 2018, with a 25.2% annual compounded growth rate. The highest revenue contributions are expected to come from North America.
An estimated 8% of businesses were using massive open online courses (MOOCs) in 2014 in their corporate training efforts, with an additional 7% saying they are experimenting with their use. It’s estimated this number will reach 28% of businesses by 2018. The uptake is highest in the public sector, with 42% of companies using MOOCs in their training.
Among different technologies, LMS dominates, with 74% of companies surveyed in 2014 saying they have implemented such technologies within their organization, compared to just 25% that reported using a content management system (CMS). According to the 2014 Training Industry Report, 44% of companies plan on purchasing online learning tools and systems at some point in 2015, and 41% intend to invest in LMS.
Cloud services have made it accessible for even small businesses to engage their employees – and even their customers – through online learning. Here are a few examples. SNIP, the article continues @ Tech.co, click here to continue reading….