Learning Management Systems (LMS) Market: Global Industry Review, Statistics, Demand and Forecasts to 2025
The LMS is emerging as a powerful instrument for consulting companies that are mainly into staffing and training and for any corporation that is looking to provide continued education to its workforce. Nevertheless, LMSs are mostly used by regulated industries such as biopharma and financial services for compliance training. Some LMS systems also include ‘performance management systems’ to carry out employee appraisals, skills-gap analysis, multi-rate assessments, and succession planning. Some LMSs also support competency-based learning.
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