LMS Industry on a decline? UpsideLMS Answers
February 2017
The recent buzz regarding the decline of the LMS industry, has led to a state of unrest amongst LMS providers and buyers too. UpsideLMS, one of the most awarded SaaS Learning Management Systems, once again stands in the forefront of change as it responds to this market frustration and redrafts the age-old depiction of an LMS.
"The LMS market is constantly shifting, and so is the learner demographic. We strongly believe that the LMSs, today, need to be innovative in order to future-proof the L&D initiatives, while still being capable of doing its primary task, learning/training delivery and management. UpsideLMS is one such system that is a perfect blend of tradition and innovation that makes it an LMS of choice not just for Enterprise companies but also for SMBs and Training Companies."Amit GautamDirector - UpsideLMS and Co-founder - Upside Learning
The L&D industry has, oftentimes, been guided towards change by current survey stats and market research. Ambient Insight, an ethics-based market research firm that identifies revenue opportunities for learning technology suppliers, recently surprised the L&D industry with its study titled - 'The 2016-2021 Worldwide Self-paced eLearning Market: The Global eLearning Market is in Steep Decline'.
The study points out key factors inhibiting the growth of the global revenues for Self-paced eLearning as:
- Intense commoditisation
- The eLearning product lifecycle is in the final stage and suppliers diversifying their product catalogs beyond eLearning
- Profound degree of product substitution etc.
The LMS market, in particular, has seen a downfall over the years, majorly due to lack of innovation.
However, opposing this notion of a declining LMS market is another recent research report published by MarketsandMarkets - 'Learning Management System Market by Application, Delivery Mode (Distance Learning and Instructor-Led Training), Deployment (On-Premises and Cloud), User Type (Academic and Corporate), Vertical, and Region - Global Forecast to 2021', which states that "the LMS market size is expected to grow from USD 5.22 Billion in 2016 to USD 15.72 Billion by 2021, at a CAGR of 24.7%."
As the global markets face the irrational growth of LMS platforms that are incompatible with new learning technology products, or the ones with gamification features that cannot be integrated with native Game-based Learning products, the creators of UpsideLMS have been busy enhancing their system, polishing the gem within in order to rehash the way learning management systems are comprehended by creating a learner-centric environment that allows the administrators to deliver learning in the most efficient ways possible.
UpsideLMS Key Features:
- Faster Go-to-market - Its SaaS architecture facilitates fast deployment with best-in-class security, scalability and reliability and reduces TCO, maximizing the impact of learning programs while assuring speed, innovation, and higher ROI.
- Business Intelligence - UpsideLMS integrated with enhanced Reporting & Analytics tool assist L&D professionals in translating learning management data into meaningful information for devising better L&D strategies and improving processes.
- Learner Engagement - UpsideLMS is designed from the user's perspective and is easy-to-use with simple navigation and workflows. Its user-friendly UI, enhanced interface designs for Catalog and Learning Plan, flexible Batch Management module with ability for learners to self-enroll etc., ability to stream videos, deliver learning/ training in a blended format bring in enhanced User Experience, and thereby high Learner Engagement.