The use of technology in the classroom has revolutionized educational practices. Lectures and seminars are no longer confined to campuses.
There’s really no downside to giving it a go.
This is because of the abundance of mobile devices, virtual learning systems, and online classrooms that are now at the disposal of teachers and students alike. The use of digital textbooks should not be discounted. The Kindle version of every book ever printed is now accessible.
Specifically, how does it function?
By tracking each student’s progress in an online environment, educators may better understand where their students excel and where they might need more work. With this information, the platform may personalize its teaching methods to make education fun and simple.
Interested? However, I have no doubt that you are.
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Astonishing E-learning Statistics
- That figure is exceeded by projections that the worldwide e-learning industry would reach $325 billion by 2025.
- Seventy-seven percent of firms in the United States use some kind of online learning in their training programs at the present time, and this number is expected to rise to over 100 percent by 2020.
- The e-learning industry in the United States is predicted to expand by $12.81 billion between 2020 and 2024.
- The retention rate for online education is anything between 25% and 60%.
- The online training market for businesses might reach $38.09 billion by 2024.
- There has been a rise in sales for 42% of US firms thanks to e-learning.
- More than 255% of businesses surveyed claimed to have “extensive training program,” citing the study’s findings.
- By shifting to online education, IBM was able to save $200 million.
These numbers demonstrate the explosive growth of the online education market. And for a good cause as well.
Let’s take a closer look, using the most up-to-date information as a starting point.
Some of the most impressive statistics about e-learning in 2022 are presented here to illustrate the sector’s growth.
1. The potential value of the market for MOOCs by 2025 is estimated to reach $25.33 billion.
(Source: Globe News Wire)
Massive open online courses (MOOCs) are online education platforms accessible to students anywhere. The bulk of these schools provides helpful courses, resources, and discussion boards/quizzes to their students.
Students may take whatever course they choose, for free, and have direct access to subject matter experts by way of MOOC discussion boards.
Udemy, Coursera, edX, Udacity, and many more have appeared since the first massive open online course (MOOC) platform went live in 2006.
Current estimates place the value of the massive open online course (MOOC) market at $5.16 billion. Up to 2025, its growth is forecasted at 32.09 percent annually.
2. In the United States alone, the e-learning industry is anticipated to grow by $12.81 billion between 2020 and 2024.
(Source: Market Research)
Sixty-three percent of American high school students utilize some kind of digital learning tool on a regular basis, according to e-learning data. About half of all primary school students regularly use some kind of digital learning resource.
Why don’t we talk about kids who are in middle school?
In fact, 64% of them employ at least one digital learning tool on a regular basis.
In addition, many Americans, even recent grads (52%) and current students (39%), consider online education to be better to traditional classroom instruction. Therefore, e-learning is growing in significance in the USA.
3. The global market for mobile learning might be worth $80.1 billion by 2027.
(Source: Globe News Wire)
Forecasts for the size of the global e-learning industry in 2022 show that mobile learning will remain one of the fastest-growing subsegments. It has grown at an annual pace of over 20% during the last several years.
In 2015, the mobile learning market was a very modest $7.98 billion. The sum is projected to reach $22.4 billion by 2020.
The rapid growth, according to experts, may be attributed to two factors: the COVID-19 pandemic and the worldwide proliferation of mobile devices. In addition, they predict that by 2027, the mobile e-learning market will be worth $80.1 billion.
4. In the following years, augmented and virtual reality (AR/VR) are expected to play a significant role in the development of the e-learning market.
(Source: Globe News Wire)
The significance of mobile learning and other types of e-learning in the field of online education cannot be overstated. However, research on e-learning tendencies for 2022 suggests that developers may take AR/VR to even greater heights.
Using AR/VR to create immersive experiences that make learning more practical, effective, and enjoyable might help trainers better engage their pupils. It’s hardly surprising that schools would profit from augmented and virtual reality technologies, considering the industries’ explosive expansion.
5. Between 2020 and 2024, the potential market size for corporate e-learning might rise to $38.09 billion.
(Source: Business Wire)
When people talk about “corporate e-learning,” they are referring to the online training that workers must do as part of their employment. Some common types include product training, sales training, recruiting training, and even conferences and seminars.
The development of effective corporate e-learning programs has enabled firms and organizations to phase out more conventional forms of training (which is quite expensive). This has improved perks for businesses with employees located all across the African continent.
According to data collected for 2022, the corporate e-learning market is anticipated to expand at a compound annual growth rate (CAGR) of 11% between 2020 and 2024.
6. E-learning saves businesses 40-60% in time compared to classroom instruction.
(Source: eLearning Industry)
Training and development in the workplace account for less than one percent of the typical workweek. Therefore, companies and their workers need to maximize the effectiveness of their training efforts.
With the advent of e-learning, workers now have access to a wide range of interactive and interesting study options. In addition, workers may study whenever is most practical for them and at whatever speed is most effective for them. It’s a luxury and a huge improvement in one’s intellectual capacity.
7. It is predicted that by 2025, the global e-learning sector would be worth $325 billion.
(Source: Forbes)
According to data compiled from e-learning platforms, this value was $165.36 billion in 2014. Because of this, the market is expected to almost double in size during the next decade.
People are eager to take advantage of the convenience of online education. It’s budget-friendly and helpful to a business’s bottom line…
8. Sixty-seven percent of American firms in 2019 provided mobile learning opportunities.
(Source: eLearning Industry)
As the global smartphone market expands, analysts believe that more American businesses will begin to provide mobile e-learning choices.
9. More than a quarter-worth century of progress in corporate e-learning is predicted between 2017 and 2026.
(Source: Business Wire)
According to industry research, in 2017, the global e-learning market for businesses was worth $14.23 billion. Even yet, projections see it expanding at a CAGR of 15% and reaching about $50 billion by 2026.
10. Some 43% of college students in the United States said they relied heavily on digital study tools to get their assignments done.
(Source: Statista)
The college library was a must homework stop back in the day. As the statistics on the rise of online education show, that is no longer the case for many college students in 2022.
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