As per market research conducted by Markets-and-Markets, the Learning Management Systems (LMS) market is set to expand from the present value of just above five billion US dollars to three times that figure in five years’ time. While this growth will be universal across academics and corporates, LMS creators need to understand that these two segments have different requirements. While academics will require a step-by-step broader understanding, organizations will require specific modules to conduct corporate training. Academics LMS will enable granting of grades, while corporate ones will offer certifications. For the latter to work well, the developers must make sure that they can support multiple formats across videos, power point presentations, documents, PDF or excel files. Also they must be compatible with other systems. A Single Sign-On is recommended.

Source: http://www.einnews.com/pr_news/339971829/corporate-learning-management-system-lms-market-continues-explosive-growth