The corporate learning technology market is hot. Today we released our newest research on the Learning Management Systems market and it shows a 21% growth to over $2.5 billion in 2014. As many of you know, corporate training is going through a renaissance and a tremendous number of new technologies, content providers, and solutions are now available.
Perhaps the biggest fuel for this market is the tremendous need for skills development around the world, the explosion of MOOCs, and high demand for certification, professional development, technical development, and managerial development in companies. Every one of these areas demands a corporate learning platform – a system which manages courses, content, and creates a compelling experience for employees.
Our research shows a proliferation of new LMS vendors and an intense focus on creating a more integrated user experience, deep integration with talent management functionality, and the industrialization of mobile and social tools into the LMS. More than half the world's internet traffic now occurs on mobile devices, so mobile learning is now mainstream, with all the changes in content it demands.
Finally, this week we also launched our first Bersin MOOC, a course on "The New HR: 21st Century Talent Management." This course is free and we encourage you to share it among your teams.
This is an exciting time to be part of the learning and talent marketplace, and as always we are here to help you understand and optimize your critical investments in all areas of corporate learning.