Teaching and learning have been transformed by the use of technology. The classroom is no longer the only place where lectures and seminars can take place.
What’s the harm in giving it a try?
Because of the wide variety of digital resources available to both educators and students today, including mobile devices, virtual learning systems, and online classes. Consider digital textbooks as well. All books published in print are also available on Kindle.
How does it work, exactly?
Using data gathered through online learning, teachers can identify the strengths and weaknesses of each student. As a result of this, the platform can tailor its approach and make the learning process both enjoyable and easy.
Interested? I’m sure you are, though.
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Astonishing E-learning Statistics
- To put that in perspective: by 2025, the global e-learning market is expected to be worth $325 billion.
- By 2020, nearly all U.S. businesses plan to incorporate online learning into their training programs, with 77 percent already doing so in 2017.
- Between 2020 and 2024, the e-learning market in the United States is expected to grow by $12.81 billion.
- E-learning has a 25 to 60 percent retention rate.
- By 2024, the corporate e-learning market could be worth $38.09 billion.
- 42 percent of US businesses have seen an increase in revenue as a result of e-learning.
- More than two hundred and fifty-five percent of the companies polled had “comprehensive training programs,” according to the results of the study.
- When IBM switched to e-learning, the company saved $200 million.
These are some impressive online education statistics, which show the industry is booming. And with good reason.
Let’s explore them in greater depth, starting with the latest data.
Discussed below are some of the most amazing e-learning stats for 2022 to show how the industry is developing.
1. By 2025, the market for massive open online courses (MOOCs) might be worth $25.33 billion.
(Source: Globe News Wire)
MOOCs are open online learning systems that allow students from all around the world to participate. The majority of them provide their pupil’s useful courses, tools, and forums for discussion and quizzes.
MOOCs give students free access to whatever class they want, allow them to study for free, and allow them to communicate with experts through MOOC forums.
Following the launch of the first MOOC platform in 2006, a slew of others has emerged, including Udemy, Coursera, edX, Udacity, and others.
The MOOC market is currently valued at $5.16 billion, according to e-learning industry figures. It is expected to expand at a 32.09 percent yearly rate until 2025.
2. Between 2020 and 2024, the US e-learning market is expected to rise by $12.81 billion.
(Source: Market Research)
According to e-learning statistics in the United States, 63 percent of high school pupils use digital learning tools on a daily basis. In addition, 45% of elementary school pupils utilize at least one digital learning tool on a daily basis.
What about children in middle school?
In fact, 64% of them utilize at least one digital learning tool on a daily basis.
Furthermore, a large number of American graduates (52%) and students (39%) believe that online learning is superior to classroom learning. As a result, e-learning is becoming increasingly important in the United States.
3. Mobile learning could reach $80.1 billion worldwide by 2027.
(Source: Globe News Wire)
According to estimates for the size of the e-learning market in 2022, mobile learning will continue to be one of the fastest-growing segments. Over the last few years, it has maintained a consistent growth rate of over 20%.
The mobile learning market was only $7.98 billion in 2015. By 2020, the figure would have climbed to $22.4 billion.
Experts believe the number expanded quickly as a result of the COVID-19 outbreak and the ever-increasing number of mobile users around the world. They also forecast that by 2027, the market for mobile e-learning will have grown to $80.1 billion.
4. Augmented and virtual reality (AR/VR) are major trends that have the potential to propel the e-learning industry forward in the coming years.
(Source: Globe News Wire)
There’s no denying the importance of mobile learning and other forms of e-learning in the realm of online education. However, according to statistics on e-learning trends for 2022, developers can go even further with AR/VR.
Trainers may better engage their students by using AR/VR to create immersive experiences that make learning more practical, effective, and entertaining. And, given the rapid growth of both the AR and VR businesses, it’s no surprise that the educational sector will benefit from both.
5. The corporate e-learning market could increase by $38.09 billion between 2020 and 2024.
(Source: Business Wire)
Corporate e-learning refers to the online training that employees must do while working for a company. Sales training, product training, recruitment training, conferences, and seminars are just a few examples.
Corporate e-learning has provided businesses and organizations with the tools they need to move away from traditional classroom training over the years (which is quite expensive). Benefits for companies with staff spread throughout the continent have increased as a result of this.
The corporate e-learning industry is predicted to increase at a CAGR of 11% between 2020 and 2024, according to corporate e-learning statistics for 2022.
6. Corporate e-learning takes 40% to 60% less time to complete when compared to traditional learning.
(Source: eLearning Industry)
On average, barely 1% of the workweek is spent to workplace training and development. As a result, businesses and employees must make the most of their training time while still attaining the greatest potential results.
Employees may study in a variety of exciting and engaging ways thanks to e-learning. To top it off, employees have the option of choosing their most convenient and preferable time for studying as well as their chosen study pace. This is both a luxury and a significant increase in terms of learning ability.
7. The worldwide e-learning market is projected to be worth $325 Billion in 2025.
(Source: Forbes)
The corresponding figure for 2014 was $165.36 billion, according to e-learning stats. This means the market will have nearly doubled in a decade.
There’s a lot of demand for online learning. It’s cost-effective and quite beneficial to a company’s bottom line…
8. Around 77 percent of US businesses adopted online learning in 2017. However, 98 percent of respondents said they expected to include it in their program by 2020.
(Source: eLearning Industry, Small Business Trends)
In 1995, this number was merely 4%, according to online education statistics. Companies have been quick to see the advantages of e-learning and have enthusiastically adopted it.
9. In 2019, 67 percent of US businesses offered mobile learning possibilities.
(Source: eLearning Industry)
Experts predict that as smartphone penetration grows internationally, more companies in the United States will provide mobile e-learning options.
10. E-learning increases learning retention rates by between 25% and 60%.
(Source: SH!FT)
In contrast, retention rates for face-to-face training are much lower: 8% to 10%. With e-learning, students have more control over the learning process.
What’s more, if they happen to forget something, they can revisit the material whenever they need to. And – they can retake that online quiz if they failed it the first time around. This takes a lot of the pressure off and allows them to focus on actually learning.
11. Corporate e-learning is expected to grow by over 250% between 2017 to 2026.
(Source: Business Wire)
E-learning stats show the corporate e-learning market was valued at $14.23 billion in 2017. However, it is expected to grow at a CAGR of 15%, hitting almost $50 billion come 2026.
12. E-learning has aided 42 percent of US businesses in increasing revenue.
(Source: The Educators)
This is enormous. According to e-learning statistics for 2022, nearly half of US firms are experiencing the benefits of e-learning.
13. According to a survey of 2,500 organizations conducted by the “American Society for Training and Development,” those with “complete training programs” have 218 percent more revenue per employee and 24 percent higher profit margins.
(Source: E-learning Infographics)
This statistic proves beyond a shadow of a doubt that investing in your employees’ education pays off.
14. By converting to e-learning, IBM was able to save around $200 million.
(Source: SH!FT)
Companies can save money on instructors by using online learning. They can also save money on travel, hotel rentals, and equipment by doing so.
When your staff lives across different towns, countries, or even continents, this is very crucial!
15. 43% of US college students found digital study technologies extremely helpful for doing homework.
(Source: Statista)
Back in the day, you had to go to the college library to do your homework. That’s not the case anymore for a growing number of college students, as statistics in 2022 speak volumes about the growth of online education.
When the library
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