eLearning has blown up over the last few years. And thanks to the internet, more people than ever can now pursue an education at their own pace. A shift from traditional in-class instruction to digital learning is a crucial shift in the education sector, and the eLearning industry has risen to fill this demand.
The value of the eLearning market is expected to grow to $320 billion by 2025. To give you a better understanding of this growing sector, we put together a list of the essential eLearning and digital education statistics in 2021.
The statistics in this guide provide a better understanding of the eLearning landscape and what the future holds for eLearning.
So, what exactly is eLearning? In simple terms, eLearning is a formalized teaching system with the help of electronic resources. The use of the internet and computers are significant components of eLearning that allow teaching to be based in or out of the classroom.
E-learning can also be described as a network transfer of skills and knowledge to many recipients at the same time. Not too long ago, eLearning was not accepted wholeheartedly because eLearning was assumed to lack the human element, but now more and more people embrace this technology.
Before we get into the eLearning industry’s specifics, it’s essential to understand its scope. In this section, we’ll look at some of the key stats and trends associated with online learning and the effect it’s having around the world.
Key eLearning Stats and Trends 2021
- Since 2011, around 80% of employers used online learning and has been the more popular form of education.
- About 40% of all Fortune 500 companies are using online learning for training.
- Online learning is reported to reduce energy consumption by 90%
- The U.S. alone accounts for over 31% of mobile learning expenditures in the global market.
- The US government spent over $2.6 billion on eLearning products for its staff.
- Around 60% of the U.S. online learning market comes from online learning products.
- Video web activity accounts for over 80% of all online activity, with the majority being educational or training clips.
- Top-earning teachers on the platform Skillshare earned on average about $40,000 a year.
eLearning statistics from Statista reveals that the global eLearning market is expected to grow over $240 Billion by 2022. These statistics do not come as a surprise since eLearning has experienced rapid growth in recent years. Furthermore, digital education and eLearning industries had a total value of $46 billion in 2016 and are expected to grow to $243 billion by 2022, according to research trends.
2. The eLearning Industry Has Grown by Over 900% since 2000
According to Skill Scouter, The eLearning industry has grown by over 900% since 2000. The growth of the internet is a big reason for the massive explosion of this industry and is expected to keep growing as technological advancements continue to improve.
Stats from Skill Scouter show that the US and Europe make up most of the global eLearning industry. Statistics show that the US and Europe collectively account for 70 percent of the world’s eLearning market; a trend that shows that most eLearning activity is heavily focused in the US and Europe.
Stats and trends from Skill Scouter point out that eLearning courses produce 86% fewer greenhouse gases. This statistic reveals the impact that eLearning has on our environment, given that eLearning can be done remotely and that there is no need for students to commute. The reduced travel also reduces the carbon emissions from transportations, and a single eLearning course can help lessen CO2 emissions by up to 86 percent than a comparable in-person time.
eLearning courses can be completed almost 60% faster than in-person classes, according to Papers Owl. Students all over the world can agree that in-person classes are long and tiring. eLearning courses can be completed much faster than standard semester-long courses since students can go at their own pace.
According to Finances Online, the mobile eLearning market is expected to surpass $38 Billion by the end of 2021. It seems more people are taking up the offer as more institutions offer mobile learning. As a result, mobile learning is projected to surpass such a high figure.
On the flip side, the self-paced eLearning industry is expected to decrease to $33 billion by the end of 2021, according to the eLearning industry. Even though the eLearning market is growing, the self-paced eLearning industry’s growth has stalled and is projected to fall. It is expected to decrease to 33.5 billion dollars by 2021.
The E-learning industry reported that 77% of companies used eLearning in 2017. Furthermore, reports point out that companies rely on eLearning to train employees, and over 77 percent of companies used eLearning to cut training times and consolidate training.
Statistics from Skill Scouter revealed that 40% of fortune 500 companies utilize eLearning and a correlation between eLearning usage and successful companies. Nearly 2 in 5 Fortune 500 companies recognize eLearning’seLearning’s effectiveness and use them in their business models.
93% of companies say that they plan to adopt online learning, according to statistics from Finances Online. This statistic shows that if a company does not already have online knowledge, they will soon adopt it since many surveyed businesses say they plan to add online education shortly.
On average, 42% of companies who use eLearning generate more income, according to statistics from Tech Jury. Not only is eLearning convenient and cost-friendly, but eLearning is also beneficial for company revenue. With over 4 in 10 companies that use eLearning, companies can expect higher returns than comparable companies that do not use eLearning.
American Heart Association
A study by the American Heart Association revealed that eLearning improves employee productivity by up to 25%. Given that eLearning can increase company revenue, it is reasonable to assume it increases employee productivity.
eLearning was reported to increase employee engagement by up to 18%, according to Papers Owl. This trend shows that eLearning is excellent for employee morale, as employees that partake in eLearning are more engaged on average compared to those who do not.
Studies from the National Centre for Education Statistics show that 58 percent of employees prefer to learn at their own pace and in their homes’ comfort. The major benefit of eLearning is that it allows workers to cover coursework materials at their own pace.
In a recent study published by Statista, trends revealed that Over 40% of college students say that eLearning is helpful. With 4 out of 10 students reporting that eLearning is extremely helpful for doing work, students seem to love learning.
Another statistic from Statista shows that 36% of college students find eLearning useful for managing their courses. eLearning helps students stay organized, and 3 in 10 of all college students say that it helps keep track of their class schedules.
Over 50% of students took part in eLearning in 2020, according to Skill Scouter. It’s clear to see that eLearning has made its way into school curricula, and most US students have already used it in some form or way.
BlackBoard is the most popular LMS in the whole of North America., according to Skill Scouter. Furthermore, Blackboard has the largest market share of LMS companies in the US and Canada combined. Astoundingly, over 30% of all educational institutions use BlackBoard.
According to the National Center for Educational Statist, women have a higher chance of enrolling in distance learning. Women are more likely to be apart of distance learning, with 17 percent of women choosing to enroll in distance learning, compared to men with 13 percent.
A study from EdTech Magazine shows that online courses have a 72% completion rate. Remote classes also have a lower completion rate compared to traditional in-person classes. Online classes have a 72% completion rate, while in-person courses have a 75% completion rate.
Online courses increase student retention by up to 5 times, according to UTEP Connect. Furthermore, online courses can also give higher student retention rates than in-person classes. Students can complete an incredible 5 times as much work in an hour with online classes as they do with in-person classes.
According to Forbes, the online course industry’s total revenue was $46 Billion in 2018 online. Online courses have had great revenue numbers these past few years, and this figure can only increase with time.
Udemy is the number one course platform for eLearning, according to Skill Scouter. Of all the platforms that specialize in creating platforms for people to create educational content, Udemy is the most popular eLearning platform with over 20,000 content creators and 12 million students.
After Udemy, Teachable is the second most popular platform for eLearning, according to Skill Scouter. Right now, Teachable has more than 3 million students and 20,000 individual courses.
Glassdoor revealed that Tata Interactive Systems is the most popular course platform in India. Additionally, Classteacher Learning Systems and Tata Interactive Systems are India’sIndia’s two most popular online course platforms.
Studies reveal that the average salary for professional eLearning developers is $79,526, according to Glassdoor. This statistic shows that learning management systems can be a viable career. An LMS developer’s average salary is almost $20k higher than the national average annual salary.
These are some of the most important statistics related to eLearning and digital education for 2021. The world of online learning can only keep growing and is not expected to slow down anytime soon.
Trends are continually shifting in the eLearning industry, but hopefully, you can use some of the insights in this article to help you stay on top of things. What other eLearning trends do you hope to see in the industry this year?
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