What do all the predictions imply for learning systems in 2024? Will this be a difficult year for the LMS industry, or is it ready for another growth surge? Let’s examine 6 major LMS trends influencing the upcoming year through the lens of an independent analyst.
Predictions for 2024 Learning Management System
The LMS industry is still evolving. It appears to have been growing indefinitely. However, a lot of forces are currently operating against each other, which is slowing and speeding up that process. Which patterns will, in the grand scheme of things, define the landscape? Here are the LMS predictions as a whole for 2024 learning systems:
1. Innovation Exceeds Use in Practice
When did companies ever stop wanting more out of their LMS software? Not anymore. These days, learning systems provide ongoing enhancements. There are hundreds and hundreds of LMS solutions, not just one or two. This goes beyond the introduction of AI. It’s amazing how much, how fast, and how broad innovation has become. Certain advances happen without the client having to work extra hard. Cloud-based platforms, for instance, incorporate incremental updates with reduced administrative clicks and faster speed. However, clients must carefully plan, prioritize, configure, implement, and manage change for other new and updated features. With limited resources, that is difficult. Additionally, training organizations are fully booked these days. Many people can’t just keep up with the rate at which vendors release new features.
2. Customer Education Is Still Growing
Less than 15% of businesses had formal customer education programs available in 2014 as per stats. Hundreds of other vendors mostly ignored the segment, despite the fact that vendors only concentrate on partner and customer education. These days, it’s hard to come across an LMS vendor website that doesn’t make the claim to assist with customer education. Furthermore, more than 75% of American businesses currently provide some kind of customer education. Why is consumer education in such demand? Years have passed, and it’s still measurable. Additionally, it is simple to see and demonstrate how customer education enhances corporate performance. For this reason, a lot of the predictions for 2024 learning systems center on customer education.
3. LMS Products Transform Into Solutions
In order to provide value beyond their core product, LMS vendors are expanding their service teams as the pace of learning platform replacement slows down. Among the services offered by certain LMS vendors are learning content development, managed administration, fractional tech resources, instructional design, data analytics, graphic and video production, marketing, and event management. This type of LMS partner can simplify your life and enhance the quality of your implementation if your organization requires their services.
4. AI Alleviates Concerns About Data Security and Privacy
Many organizations are delaying the implementation of AI completely until they have considered the implications for data security, privacy, and law. It is critical for purchasing organizations and vendors of learning systems to establish and maintain appropriate policies. Corporate learning systems must put strong security measures in place to safeguard confidential employee data and guarantee adherence to data protection laws. To establish and preserve trust in these systems, a greater emphasis on user authentication and secure infrastructure will be necessary.
5. The Global Market for Partner/Customer Education Grows
For learning systems vendors, customer/partner education outside of North America offers a huge opportunity for near-term growth. Why? North American online learning and LMS market trends have historically lagged behind other regions by five to ten years. It’s also time to buckle up for a wild ride into global adoption, as the adoption of customer education has increased from 15% to 75% in North America over the last ten years.
6. Measurement Increases Its Focus on Business Effect
The pinnacle of training is meaningful measurement. There are quantifiable benefits of customer and partner education. It’s difficult to find an LMS training platform with an external focus that doesn’t demonstrate its worth to the company. Others have been preaching for decades about evaluating the effects of employee training, but the available techniques and resources have been nebulous at best. These days, LMS companies like MapleLMS are developing efficient workflows, processes, and measurement tools. In summary, everything is getting quantifiable. This implies that adding training to a company’s toolkit can be a strategic move.
Conclusion
In conclusion, a dynamic interplay of forces will shape the landscape of the learning management system (LMS) in 2024. The industry struggles to keep up with the addition of features even as innovation keeps pacing up practical applications. The importance of customer education becomes clear, and demand for it is rising dramatically. LMS products are evolving into all-encompassing solutions that provide a wide range of services outside of their primary uses.
Data security concerns are addressed by the integration of AI, and there is a profitable opportunity in the global market for partner/customer education. The strategic importance of adding training to corporate toolkits is reinforced by the focus on quantifiable business effects and the advancement of measurement tools. As long as businesses wisely navigate the constantly changing landscape, the LMS industry is expected to grow. Talk to our LMS experts to learn which new features MapleLMS is going to launch this year.