Top 10 interesting facts about E-Learning Market


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Uploaded on Feb 25, 2020

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Top 10 interesting facts about E-Learning Market

TOP 10 INTERESTING FACTS ABOUT E-LEARNING MARKET 1. $325 BILLION WORTH  Global e-learning market will reach a staggering total market value of $325 billion. The reasons for this explosion in value come on the back of the need to educate vast numbers of people at low cost, the falling price of learning solutions, the needs of the modern workforce to engage in life-long learning. capitalnumbers.com 2. DECLINE OF SELF-PACED LEARNING  Self-paced learning sounds like a good idea in theory, but eLearning providers have found that, in general, it's not particularly useful. Most people don't complete their courses. eLearning providers are, therefore, experimenting with new methods to keep people engaged and learning. businesswire.com 3. 77% OF US COMPANIES USED ONLINE LEARNING IN 2017  The reasons for this are the growing realization of just how impactful eLearning has become. One of the main reasons US companies are so keen on eLearning is its ability to speed up employee training. Employees are much more likely to remember what they've learned and can better apply it after an eLearning experience. businesswire.com 4. MICROLEARNING  Microlearning is more effective than regular learning because people are better at absorbing lots of small chunks of information than they are a few larger ones. You can imagine a worker sitting down at their desk, taking a five-minute eLearning class, and then carrying on with the rest of their work for the day. swift.com 5. EMPLOYEE TRAINING  Companies that offered comprehensive training across a range of subjects experienced dramatically improved revenues compared to those that didn't. And it wasn't just revenues that were higher either. Data suggests they achieve improvements in profit too. elearningindustry.com 6. E-LEARNING CUTS ENERGY CONSUMPTION  It should come as no surprise that eLearning is a far greener and more efficient method of training than face-to-face. Cutting carbon dioxide emissions is a priority for companies and educational institutions, to protect the environment and make sure that they have a functioning, wealthy customer base. elearningindustry.com 7. ELEARNING INDUSTRY GREW 900%  Since 2000, revenues in the eLearning industry have grown by more than 900%. The eLearning product is accessible from any location through the cloud. Companies can synchronize training across multiple offices from a central hub, without having to rely on a variety of different instructors. elearningindustry.com 8. US GOVERNMENT  The US government is partly responsible for the dramatic uptick we've seen in the consumption of eLearning products over the past two decades. At the last count, the US government spent more than $2.59 billion on self-paced eLearning products for its staff and administrators medium.com 9. ELEARNING MARKET IS MORE THAN 21 YEARS OLD  Distance learning suddenly became a real possibility thanks to the radical cost declines that internet- enabled learning delivered. The 2000s saw an explosion in companies using eLearning to train their employees. Suddenly, firms were able to provide onboarding courses for new employees efficiently. 10. WIDELY POPULAR AMONG STUDENTS  The share of global students who have participated in an online course of one kind or another has exploded over the current decade. During the most recent survey period, more than 49% of students said that they had taken part in some form of eLearning activity in the last 12 months. pinterest.com