elearning-stats-2020

62 eLearning Stats and Facts That You Need to Know Now

Knowing these eLearning stats can make you realize how you can leverage it to boost your organizational processes. Online learning can be a great alternative to saving time, money, and effort in setting up corporate training and delivering the curriculum to learners. However, many companies are still hesitant to join the wave of creating a digital learning environment.

To prove that eLearning is becoming the new trend in learning and development, we have gathered relevant and up-to-date eLearning stats.

Key Points:

  • The global corporate e-learning market size will be worth $50 billion by 2026.
  • 72% of organizations interviewed believe that eLearning helps them increase their competitive edge by keeping up with the changes in their particular market.
  • E-learning takes 40% to 60% less employee time than traditional education.
  • In 2019, about 68% of respondents stated that they chose to create an online program because they already provided an on-campus program in the subject area and wanted to extend it to online students.
  • The fastest-growing market is the Asia Pacific, with eLearning revenues expected to grow at an annual rate of 20%.

eLearning market

  • The eLearning market is now more than 21 years old.
  • Since the year 2000, the market growth rate has been 900%.
  • For every dollar spent on eLearning, companies make back $30 in productivity.
  • The global eLearning market will reach $325 billion by 2025.
  • IBM saved approximately $200 million after switching to e-learning.
  • The global corporate e-learning market size will be worth $50 billion by 2026. With an annual growth rate of 15% from 2020 to 2026, the corporate market will be one of the biggest drivers of the e-learning industry.
  • The Global E-Learning market is expected to reach $336.98 billion by 2026 growing at a CAGR of 9.1% from 2018 to 2026.
  • The E-Learning market worldwide is projected to grow by US$135.9 billion, driven by a compounded growth of 8.8%.
  • Analysts forecast that the Global Self-Paced E-Learning Market will grow at a CAGR of 2.13% during the period 2019-2023.
  • The Global Corporate E-Learning market accounted for $14.23 billion in 2017 and is expected to reach $49.87 billion by 2026.
  • Over 2.7 million students across the United States are participating in digital learning, and many students in grades K-12 are getting a high-quality education online through a full-time online public school.
  • The U.S. and Europe account for over 70% of the global eLearning industry.

Takeaway:

These eLearning stats clearly define the future of online learning. More and more companies are turning into digital platforms for their training needs. This rapid growth of the eLearning market is also an increase in the Learning Management System.

If these eLearning stats and figures finally convinced you to try online learning for your companies and organizations, Elearn2grow can be your best shot in making it a reality.

Corporate online training

  • 67% Of organizations offer mobile learning.
  • The U.S. Government bought $2.59 billion worth of self-paced eLearning products.
  • Actively engaged workforces deliver 2.6 times the earnings-per-share of their unengaged counterparts.
  • 72% of organizations believe that eLearning puts them at a competitive advantage.
  • When employers spend $1,500 per employee per year on training, they achieve improvements in margins of around 24%.
  • Comprehensive training programs lead to a 218% Higher Revenue per employee.
  • 77% of U.S. companies used online learning in 2017.
  • According to a Brandon-Hall Study, learning through e-learning typically requires 40% to 60% less employee time than learning the same material in a traditional classroom setting.
  • The Research Institute of America found that eLearning increases retention rates by 25% to 60%, while retention rates of face-to-face training are meager at 8% to 10%.
  • After implementing an eLearning program in their company, IBM found that participants learned nearly five times more without increasing the time spent in training.
  • 42% of companies say that eLearning has led to an increase in revenue.
  • Every dollar invested in online training results in $30 in productivity.
  • Organizations can achieve an 18% boost in employee engagement through eLearning.
  • 41.7% of global Fortune 500 Companies already use some form of technology to train their employees.
  • 72% of organizations interviewed believe that eLearning helps them increase their competitive edge by keeping up with the changes in their particular market.
  • Revenue generated per employee is 26% higher for companies that offer training using technology, including eLearning, given that it enables companies to train more frequently.
  • 90% of corporations now use e-learning compared to just 4% in 1995.
  • 68% of employees prefer when learning takes place in the workplace.
  • 87% of millennials and 69% of non-millennials consider career development an essential part of a job.
  • On average, employees only have 24 minutes per week to spend on learning.
  • E-learning takes 40% to 60% less employee time than traditional education.
  • 58% of employees prefer to learn at their own pace.
  • 49% of employees prefer to learn at the point of need.
  • 94% of employees would stay at a company longer if it invested in their careers.
  • 56% of employees would take a manager-suggested course.
  • Training for soft skills is the #1 priority.
  • 57% of L&D pros expect to spend more on online learning.
  • 83% of L&D pros say their executives support employee learning.
  • 44% of Gen Z would spend more time learning if their manager recognized it.
  • 53% of L&D pros are focusing on helping employees build new skills.
  • 43% of L&D pros plan on reskilling a portion of their workforce this year.

Takeaway:

Companies should start turning their reskilling and upskilling their employees by upgrading their training into an eLearning course, especially for younger employees.

The eLearning stats shows that employees are more engaged in training proposed by their managers. Therefore, executives should take more time to assess their employees’ needs and plan how to address them.

Engage and motivate employees to excel in their roles by allowing them to upgrade their skills and knowledge through an interactive and engaging online learning.

Online education in K-12 classrooms:

  • Over 2.7 million students across the United States are participating in digital learning, and many students in grades K-12 are getting a high-quality education online through a full-time online public school.
  • According to a 2019 survey, 90% of teachers at K-12 public schools in the United States believe digital learning tools are useful for researching.
  • 73% of principals and 64% of teachers are considering using online learning tools.
  • 65% Of U.S. Faculty support Open Educational Resources.

Takeaway:

Administrators should consider offering online learning to K-12 learners. These learners belong to Gen Z, who are more skilled in using technology than their previous counterparts.

Online postsecondary education

  • 31% of undergraduate students and 29% of graduate students reported that one of their top three reasons for selecting their top choice was that it offered the quickest path to a degree.
  • In 2019, about 68% of respondents stated that they chose to create an online program because they already provided an on-campus program in the subject area and wanted to extend it to online students.
  • 52% of graduate students reported that they found their online college-level education to be better than their college-level classroom learning experiences.
  • 65% of undergraduate students and 54% of postgraduate students studying online were female.
  • 10% of undergraduate students reported studying Social Sciences, Criminal Justice, and Law online, compared to 8%of postgraduate students.
  • 43% Of U.S. college students find digital learning technologies “Extremely Helpful.”
  • eLearning enables students to Learn five times more material for every hour of training
  • 73% of students are unaware of the availability of MOOCs.
  • 49% of students say that they have taken an online course in the last 12 months.
  • In 2019, about 52% of all students chose online degree programs due to existing commitments that did not allow them to attend campus-based courses in the United States.
  • In 2019, 79% of respondents stated that their online education programs were aimed at adult students returning to school after an absence.

Takeaway:

Adult learners who want to take their educational attainment to the next level prefer online courses over the actual classroom learning environment.

eLearning in Asia

  • The fastest-growing market is the Asia Pacific, with eLearning revenues expected to grow at an annual rate of 20%.
  • The online education market in India is poised to grow by $14.33 billion during 2020-2024, progressing at a CAGR of 21%.
  • Asia-Pacific digital language learning market is expected to grow from US$ 2.45 billion in 2018 to US$ 8.89 billion by the year 2027.
  • Asia-Pacific is expected to be the fastest-growing regional segment in the upcoming years, with the highest CAGR of 19.75% during the forecasting years 2019-2027.
  • The K-12 online education market in China to grow at a CAGR of 19.28% during the period 2017-2021.

Takeaway:

It’s not only the U.S. and Europe who are turning into eLearning for their classroom and company needs, but also Asia. The presented eLearning stats above mean that Asians are online learners, too, and that LMS providers should widen its range to the East.

“[A]s the rate of skills change accelerates across both old and new roles in all industries, proactive and innovative skill-building and talent management is an urgent issue. What this requires is a [talent development] function that is rapidly becoming more strategic and has a seat at the table.”

— World Economic Forum

Elearn2grow is here to help startups and enterprises to improve team engagement, create disruptive digital learning transformation, and provide professional advice.

If the eLearning facts presented above are telling you to start your corporate online courses, don’t hesitate to contact us. We’re happy to help you grow!

Sources:

  1. https://www.statista.com/topics/3115/e-learning-and-digital-education/
  2. https://www.shiftelearning.com/blog/bid/301248/15-facts-and-stats-that-reveal-the-power-of-elearning
  3. https://www.forbes.com/sites/tjmccue/2018/07/31/e-learning-climbing-to-325-billion-by-2025-uf-canvas-absorb-schoology-moodle/#7df295c93b39
  4. https://e-student.org/e-learning-statistics/
  5. https://www.researchandmarkets.com/reports/4769385/global-e-learning-market-analysis-2019
  6. https://www.researchandmarkets.com/reports/2832322/e-learning-market-analysis-trends-and#relb0-4769385
  7. https://www.researchandmarkets.com/reports/4662712/global-self-paced-e-learning-market-2019-2023#relb1-2832322
  8. https://www.researchandmarkets.com/reports/4827704/corporate-e-learning-global-market-outlook
  9. https://learning.linkedin.com/resources/workplace-learning-report-2018
  10. https://learning.linkedin.com/resources/workplace-learning-report
  11. https://www.docebo.com/blog/asia-elearning-lms-market-infographics/#:~:text=While%20the%20aggregated%20global%20growth,Latin%20America%20at%2014.6%25%20respectively.
  12. https://www.marketresearch.com/TIP-Knowledge-Services-v4095/Asia-Pacific-Digital-language-learning-12642554/
  13. https://www.marketresearch.com/Inkwood-Research-v4104/Asia-Pacific-Learning-Management-System-12289424/
  14. https://www.marketresearch.com/Infiniti-Research-Limited-v2680/Online-Education-China-11285688/
  15. https://www.ibm.com/services/learning/pdfs/IBMTraining-TheValueofTraining.pdf
  16. https://mollyfletcher.com/3-reasons-to-implement-e-learning-in-your-organization/

One thought on “62 eLearning Stats and Facts That You Need to Know Now

  1. Shubhamoy Halder says:

    E-Learning can be a great way to motivate existing workforce and boost employee morale. An 18% boost is significant and easily surpassed the industrial benchmark. The ideas discussed too are quite relevant and apt in the current scenario, adding onto the conversation with some more ideas.

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