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SOURCE Bersin by Deloitte
Market growth driven by rebounding sales to larger U.S. organizations and expanding role of the LMS
OAKLAND, Calif., Aug. 27, 2014 /PRNewswire/ -- Bersin by Deloitte today announced new research that anticipates spending on learning management systems (LMS) will grow 21 percent to more than $2.5 billion in 2014, an increase of 52 percent over spending levels of just two years ago. Detailed findings are included in Bersin by Deloitte's new research report, The Definitive Buyer's Guide to the Global Market for Learning Management Solutions 2014, available to WhatWorks® members and for sale to non-members.
Summarized in a complimentary WhatWorks market brief, the research shows that the global LMS market is growing rapidly in all geographies and segments, led by increased sales in North America and driven by an expanded role for the LMS in most organizations.
"The big story here is rebounding growth of LMS sales in larger organizations in North America, which accounts for 63 percent of the top 30 providers' revenue overall," said David Mallon, head of research, Bersin by Deloitte, Deloitte Consulting LLP. "In the U.S., 15 percent of training spending in 2013 went to learning technologies - the largest percentage it has been since we began tracking this metric.  A key reason for this is that the LMS is evolving to become a system of record to support the integration of talent management processes, as well as social and informal learning, while also providing a hub for knowledge management, communication and collaboration."
The Definitive Buyer's Guide to the Global Market for Learning Management Solutions 2014 delivers important insights that leaders should consider:
The full report, The Definitive Buyer's Guide to the Global Market for Learning Management Solutions 2014 is available for $1,995 for a PDF. For more details, go to www.bersin.com/lms2014 .
Bersin by Deloitte's Head of Research David Mallon will present a webinar on Learning Management Systems: Making the Right Choice in an Evolving Market, at 11 a.m. ET/16:00 BST, October 7.
Those interested in learning more about Bersin by Deloitte or its WhatWorks® membership may email USBersinServiceClient@deloitte.com or call +1 510 251 4400.
About Bersin by Deloitte
Bersin by Deloitte delivers research-based people strategies designed to help leaders and their organizations in their efforts to deliver exceptional business performance. Our WhatWorks® membership gives Fortune 1000 and Global 2000 HR professionals the information and tools they need to design and implement leading practice solutions, benchmark against others, develop their staff, and select and implement systems. A piece of Bersin by Deloitte research is downloaded on average approximately every minute during the business day. More than 5,000 organizations worldwide use our research and consulting to guide their HR, talent and learning strategies. For more information, please visit http://www.deloitte.com/bersin or http://www.bersin.com.
As used in this document, "Deloitte" means Deloitte Consulting LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
 For more information, The Corporate Learning Factbook 2014: Benchmarks, Trends, and Analysis of the U.S. Training Market, Bersin by Deloitte / Karen O'Leonard, January 2014. Available to research members at www.bersin.com/library or for purchase at www.bersin.com/factbook.
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