The Learning Experience Platform (LXP) market is valued at over $300 million and growing at 50%+ per year according to Josh Bersin. “The vendors are getting bigger; products are becoming complex; the players are moving in different directions.” Is it time to consider an LXP?
LXPs come in different sizes and capabilities. Here are four key feature differentiators:
- User-based LXP
LXPs enable users to find content relevant to them vs. digging thru large libraries of the LMS. This usage based LXP delivers the most relevant content based upon user’s actual consumption. Brands include Skillsoft, Cornerstone, EdCast and Fuse.
- Skill-based LXP
Other systems are developed around specific skills, so those within specific roles can locate content to complete for competencies. These skills based LXPs include Degreed, LinkedIn, Percepio, EdCast and IBM.
- A.I.-Based LXP
These types of LXPs conduct content analysis and deliver the specific micro-content at the point of need. These young systems are offered by Volley.com, IBM, Docebo and Valamis.
- Chat-based LXP
These systems ask learners their interests and preferences before delivering content experiences. Vendors in this category are LinkedIn Learning, Valamis and Filtered.
Will the LXP replace the incumbent Learning Management System (LMS)? According to Bersin, “It’s not easy for legacy LMS vendors to turn their old systems into new platforms. In most cases, they have to start over…this is certainly what Skillsoft has done with Percipio. I could expect to see acquisitions start this year (including LXP vendors buying LMS vendors.)”
The likelihood is enterprises will attempt to consolidate to one platform. That means either LXPs will add LMS functionality, or LMS providers will adopt LXP capabilities. It will be exciting to see how it all plays out.