The global situation with the pandemic is forcing many educational institutions to shift their classes online. Currently, 98% of educational institutions have moved most of their classes online.
Additionally, online learning is experiencing unprecedented growth and is projected to reach $370 billion by 2026. If you’re reading these lines, you’re probably on the verge of switching to standard online classes, and you need a professional learning management system.
What Is a Learning Management System?
A learning management system or LMS is designed to create and manage online courses (classes). Various educational institutions such as schools and universities require LMS systems. Apart from that, LMS solutions are used in various organizations to organize corporate training.
The main features of most LMS systems are as follows:
This module includes various functions to help with training monitoring, for example, scheduling, alerts, messages and more.
This section contains tools to help educators and instructional designers create online course content from scratch (scripts, tests, quizzes, assessments, and more).
A collection of essential tools helps you understand whether an online course is meeting its requirements and how successfully students are mastering the academic course.
Support for various training formats
Some LMSs may support different delivery and learning modes, such as synchronous and asynchronous. This allows educators to better adapt their content and its presentation to the needs of a particular group.
Each popular LMS has its own features, and we have named the most basic ones that can be found in most representatives on the market. Some features are available out of the box, while others require you to pay extra. By the way, money talks.
How Much Does a Learning Management System Cost? Popular Platforms and Their Pricing Policies
Therefore, we have analyzed in detail all the possible pricing models available in the Learn Management Systems market. It’s time to look at some popular platforms and the pricing models they adhere to. This information will help you when choosing your future learning management system to organize the educational process.
OpenEdX is a Learn Management System system developed by the Massachusetts Institute of Technology and Harvard University. The main goal of this platform is to provide educators and educational institutions with a more flexible and convenient tool for creating online courses and their management. The central feature is that the platform is freely distributed and anyone can start using it for educational purposes.
Also, the platform offers incredible flexibility and customization that you can fully unleash with a professional service provider. From customizing interface design to implementing gamification and custom analytics, we have a wide range of services for setting up Open edX and implementing various functions.
Additionally, we offer three consulting service packages that include system auditing, troubleshooting is known Open edX issues, and more.
TalentLMS is an easy-to-use Learn Management System suitable for both experienced and new trainers. This system allows you to quickly create courses for corporate online training. The system itself is distributed in several packages, which differ in the number of users on the platform. In addition, expensive packages have additional features that make life much easier.
Moodle is one of the most popular Learn Management System solutions on the market and offers the basic package for free. However, the expansion of the operation and the number of students incurs additional costs and buys extensions.
The platform developer is always responsible for how much a learning management system costs and what pricing model it uses. As a result, each Learn Management System on the market is unique and offers different features and services at different prices. Some platforms require payment for active users, such as Adobe Captivate.
Conversely, others are freely distributed but require additional investments for customization, such as Open edX. This is especially important when choosing your future Learn Management System.