Typical buyer budgets range from $15 to $40 per user, per month
The average LMS software budget varies across different industries due to the unique training needs and priorities within each sector. However, the overall average budget businesses are willing to pay per user, per month is $26.
Companies in the consulting industry are willing to pay a higher cost for LMS software with advanced customization features that allow them to deliver specialized, high-quality employee education and provide certification for their training programs.
The education sector requires robust LMS platforms to support various tasks related to teaching and learning, such as course management, content delivery, student assessment, and collaboration. Higher budget allocation is required to accommodate a large number of users (students and teachers), along with the need for extensive course cataloging, integration with student information systems, and other education-specific requirements.
The software and technology industry ranks third in budget allocation for LMS software. This is driven by the need for specialized training content, skill development programs and certifications, access to technical courses, advanced reporting and analytics, and integrations with other tools that are commonly used in the IT sector.
Ultimately, LMS software budgets can vary significantly depending on the industry in question and the complex nature of their operations, and the need for cutting-edge solutions it requires.