Learning Management Software | Market Trends & Much More

Learning management software systems are considered to be important components in the majority of the processes of various businesses in different industries. The market for this technological innovation is at an all-time high and is being used as a benchmark for trends and comparisons.

Business Process Management

It has been discovered that the observation of best LMS system trends can be used to uncover the direction of the current trends in BPM or Business Process Management. Business Process Management is an approach in management that is centered on the alignment of all the aspects of a company or organization with regard to the wants and needs of clients or customers.

eLearning

Upon careful consideration of the definition of business process management, one can see that it is somewhat similar to electronic learning or eLearning. Its ties with technology, innovation, and objectives for efficiency are the same as that of the increasingly popular eLearning which heavily relies on learning management software. It is therefore no surprise if one mirrors the other, especially since both have markets that are very fragmented with countless vendors.

Consolidation

Five years ago, the consolidation among the major LMS vendors began. There has also been consolidation among companies that exclusively develop and market LMS software, acquisition of smaller companies by larger vendors and firms, and the addition of added LMS functionality to individual enterprise software.

However, despite these mergers, there are still a lot of LMS options to be evaluated by different organizations and companies because apparently, the pace of consolidation still can't keep up with the ever-growing market and the continuous stream of small independent vendors.

Social Media

Various enterprises in different industries have been scrambling to get their hands on social media such as social networking sites, web blogs, and forums. LMS software vendors have rushed to include social media tools in their products because they improve the efficiency of informal learning.

Verdict

The majority of learning nowadays has become more informal and occurs between individuals in casual communication. The use of these new tools will hopefully demonstrate to corporations how to facilitate informal learning and capture the resulting information and knowledge into a searchable database.