LMS market state and significance
Dozens of startups desire the attention of college deans and other academic decision makers. The adoption rates of schools show that one category efficiently manages to take the majority of budgets and attention in higher education – the all-powerful LMS. However, this has already started changing.
For those who are not yet familiar with the term, Learning management systems (LMS) are softwares that enable the management of educational training and maintain records. The systems operate with various types of college-level online courses and have been implement more and more features to simplify their customers’ workflow. Educational institutions use LMSs to deliver and manage online courses.
Even though some newcomers like Instructure and Schoology have shown success, Blackboard is still leading the market. Companies like D2L, Sakai and open-source alternatives like Moodle are far behind as compared to Blackboard. The LMS market has come to a competitive level, in which the top is nearly impossible to reach.
At the same time, these days many educators are opting for simpler solutions, such as iSpring Learn LMS. The ease of use and freedom from unnecessary bells and whistles with solutions like this allows both educators and students to get started in no time. Overall, the right choice of an LMS would be based on an understanding of individual requirements and whether or not an LMS meets them.
The sudden shift in the LMS market
Yet, it seems this story has slowly moved to another chapter. Higher education, especially compared to past decades and despite the seemingly overdue status-quo in some parts of the world, has started moving on a much higher and more dynamic pace.
We have seen a wider adoption of new teaching methods and ways of supporting students – either limited to a particular organization or on a broader scale. New trends last longer, which in turn affect business models of technology companies outside of the LMS limitations. Statistical analysis, teaching, advising, support and modern learning methods are areas to be included.
Sudden changes in education happen and tech providers in higher education are the ones that drive this change. Obviously, the LMS market is constantly reshaping itself. The institutions that want to keep up with the trends and have a strong impact, need to invest time and patience in order to fully grasp the opportunities that lay ahead of them if they want to be part of the dynamic engine that is restructuring the LMS market.
PlagScan actually has an integration available with some of these LMS solutions. Check out the integration possibilities here!