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
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