Compliance training and distant education have become a cornerstone of the worldwide online learning sector. We’ll look at some online learning data in this blog to help represent that in 2022.
Because the online learning business can deliver self-paced corporate training and online degree programmes, online learning has begun to overtake traditional learning in terms of student enrollment.
Most of us are forced to engage in distant learning, not by choice, but because the global eLearning market is the only viable path ahead for most of us, especially in light of the Covid 19 epidemic
- The eLearning sector is expected to be valued $243 billion by 2022.
According to a survey by Research and Markets, the eLearning market will continue to develop rapidly, reaching an estimated $243 billion by the end of 2022.
Furthermore, by 2026, it is expected that the sector would have grown to a value of about $337 billion!
- By 2026, the massive open online course (MOOC) industry is expected to reach $374.3 billion.
MOOCs are online educational programmes that anybody may access at any time and from any location. According to business predictions, the global MOOC market value will reach USD 374.3 billion by 2026.
These online learning possibilities may be produced utilising Studying Management Systems (LMS) to develop your own online courses, or by contributing and learning through course hosting websites. In any case, there is ample market share and opportunity for everybody.
The epidemic has resulted in significant growth for these platforms, with almost a third of MOOC participants joining in 2020 alone.
- More than 100 million individuals choose to learn online these days.
According to online learning research, over 100 million individuals today choose to learn remotely and online rather than in person. That number is five times the current population of all college students in the United States, demonstrating that there is clearly a need!
There is great potential for development with the rise of mobile devices, high-speed internet, and a surge in people who prefer studying outside of a traditional classroom setting.
Even while this number may seem self-evident these days, it was nearly unheard of just five years ago! When it comes to education statistics, online eLearning has altered everything.
- By transitioning from traditional training to eLearning, IBM saved about $200 million.
Employee development and training consume a significant portion of major organisations’ expenditures, yet eLearning looks to be one option to save money. IBM, a computer hardware company, is said to have saved $200 million by introducing eLearning.
By migrating from traditional training techniques (such as instructor-led classes) to online courses in 2020, companies are beginning to see the benefits and necessity for more digitalised eLearning options than ever before.
When you consider how much money companies spend on staff development each year ($700 billion), even minor improvements in eLearning market share may have a significant influence on revenue.
- The eLearning market is expected to grow 400% by 2020.
As the world and much of the economy have been placed on hold, research and profits have proven that learning has not made a lateral leap towards online learning.
Many learning professionals began looking for additional eLearning options online in order to gain new skills.
During the Covid 19 epidemic, small to large-sized multinational organisations saw the benefits and general ease of online learning, and this trend is only expected to continue.
According to a survey by global market insights, demand for online courses will increase dramatically by 2020. Many people wanted to upskill during their time off work, thus demand increased by as much as 400
- Elearning improves learning retention rates by 25% to 60%.
Face-to-face training, on the other hand, has substantially lower retention rates, ranging from 8% to 10%. With eLearning, students have more control over their learning experience.
They may also access it at any moment if they forget something. They can also take the online quiz again if they failed the first time. That is exactly what this does: it reduces a great deal of tension and allows them to concentrate on learning rather than performing. percent.
- By 2025, mobile learning will be the preferred way of microlearning.
Microlearning has grown in popularity in recent years and is still one of the most popular trends in online education today. When this is paired with mobile learning, users may virtually watch and learn their topics of choice from anywhere.
This implies that course developers must ensure that their material is mobile-friendly, as well as selecting the correct LMS to accommodate this. This is an important point to keep in mind.
- Video-based training programmes are used by 98 percent of small businesses.
In recent years, a variety of online learning methods have been utilised to improve compliance training, but nothing has had a larger influence on digital learning than online instructional films.
Small firms are also embracing online learning platforms to teach their personnel in-house, not just major corporations. In fact, for corporate learning, 98 percent of small organisations employ online learning platforms with video-based training.
The usage of video in eLearning courses will remain a constant in eLearning statistics and corporate training as online learning trends come and go.
- Greenhouse Gases are reduced by 86 percent in eLearning courses.
Online learning systems emit 86 percent fewer greenhouse emissions than traditional schooling since they may be used remotely and without the need for students to commute.
This figure demonstrates the good influence of eLearning on the environment.
Online learning is the ideal alternative for anybody wishing to decrease their carbon footprint, not just in terms of transportation but also in terms of computer device power consumption and paper usage, lowering CO2 emissions globally.
- eLearning technologies are said to assist 81 percent of pupils improve their grades.
Online students have reported increased levels of class engagement and the capacity to learn on their own.
Similarly, eLearning technologies are proven to be critical in assisting students in maintaining their target grades. Over 34% of students say that eLearning is critical to improving and maintaining their grades.
With state-of-the-art eLearning systems that allow users to participate in coursework from anywhere at any time, it’s never been easier for students to learn on their own time, at any location.