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While there are a variety of reasons why e-learning has become such a popular choice in recent years, some of the most common benefits include increased flexibility, more independence, better time management, and improved self-motivation.
For students who have busy schedules or need to balance their studies with other commitments, being able to learn online can be a game-changer.
E-learning also provides learners with the opportunity to take control of their own learning process and go at their own pace, which can be especially beneficial for those who prefer a more independent learning style.
Additionally, by freeing up learners from having to travel to and from class, e-learning can save significant amounts of time.
Finally, studies have shown that students who learn online are more likely to show higher levels of motivation and engagement than those who learn in traditional classroom settings.
With all of these advantages, it’s no wonder that e-learning is one of the fastest-growing trends in education today.
State of Global Online Learning Stats and Facts
The value of the global eLearning market is predicted to reach $325 billion by 2025.
In 2017, online education was used by 77% of US businesses; by 2020, that number had risen to 98%.
There will be a $12.81 billion increase in the size of the US online education sector between 2020 and 2024.
When eLearning is offered, retention rates can increase by as much as 60%.
The potential value of the corporate e-learning market between 2020 and 2024 is $38.09 billion.
In the United States, 42% of businesses say that eLearning is responsible for increased profits.
After polling 2,500 businesses, researchers discovered that the ones with “extensive training programs” had a 218% increase in revenue per employee and a 24% increase in profit margins overall.
About $200 million in annual savings resulted from IBM’s adoption of eLearning. As of January 2019, 67% of US businesses provided mobile-based training.
Global Online Learning Industry Statistics
The massive open online course (MOOC) market could be worth $25.33 billion by 2025 (MOOCs are free online platforms that allow for unlimited participation from students around the world).
An annual growth rate of 32,09 percent is predicted for the MOOC market, which is already worth $5.16 billion at the moment.
Over the next few years, augmented and virtual reality (AR/VR) trends will propel the eLearning industry forward.
The majority of the world’s eLearning industry is concentrated in the United States and Europe (70 percent ).
Germany is Europe’s eLearning market leader, with the highest market share in the continent.
For the most part, only 47% of students are aware of massive open online courses (MOOCs).
One-fifth of 2,700 medical students surveyed were unaware of MOOCs, according to a study.
More than 40 percent of the most popular MOOCs are in business and technology-related fields.
The eLearning market in Germany is expanding at an annual rate of 8.5%.
A 14.33 billion dollar increase is predicted for the Indian online education market in 2024.
There is a 17.3 percent growth rate in the Asia Pacific eLearning market compared to the global average of 7.6 percent growth.
There has been a 20 percent increase since 2017 in the Chinese K-12 online learning market.
The vast majority of students enrolled in US online degree programs are located in the United States of America.
More than a third of all students in the United States are taking at least one course online.
For 39% of American first-year students, online college courses are better than traditional classroom instruction.
Almost all of the best US colleges and universities now offer online courses.
Globally, nearly half of all K-12 students have access to online classes.
eLearning and COVID-19 Impact Statistics
During the 2020 pandemic, China’s educational system heavily relied on distance learning.
As a result of COVID-19, 97% of college students have switched to online instruction.
41% of students say their opinion of their current school has deteriorated since the outbreak of COVID-19.
The pandemic has affected more than 1200 colleges and universities in the United States spread across all 50 states.
In the United States, 21% of colleges use a hybrid model of education.
In the United States, 44% of educational institutions have adopted online learning platforms and tools to the fullest extent possible, making online education their primary mode of instruction.
The COVID-19 pandemic sparked a 400% increase in demand for eLearning materials, propelling the industry into overdrive.
Traditional vs. Online Learning Statistics
eLearning improves retention rates by between 25 percent and 60 percent, compared to traditional learning retention rates of 8 percent to 10 percent.
When compared to traditional face-to-face training, online students have greater control over their own learning path.
Individual learning pace (95 percent) and reduced travel time are the two most compelling reasons why employees prefer online education to traditional classroom-based training (84 percent ).
More than eighty-five percent of students say that their online education was superior to traditional face-to-face instruction.
Corporate Online Education Statistics
By 2024, the corporate eLearning market could be worth $38.09 billion.
Corporate distance learning takes 40% to 60% less time to complete than traditional classroom instruction.
Online education is used for training by about 40% of Fortune 500 companies.
Technology is used by nearly half of Fortune 500 companies to train their employees.
57% of learning and development professionals now devote more time to online learning than they did three years ago.. (source)
The corporate eLearning market is expected to reach $50 billion in value by the year 2026.
In 2018, 82% of companies used distance learning for at least part of their compliance training.
Online compliance training was used by 28% of businesses in the same year.
Corporate training hours were delivered via eLearning by 25.6 percent in 2018.
Sixty-two percent of companies use online education and development programs to close knowledge gaps among employees.
In 2020, the use of microlearning, which consists of short, five-minute lessons, will have increased by 700%.
Five to seven minutes is the typical completion time for a microlesson.
A microlearning course has an average of 4-5 microlessons.
Microlearning has a retention rate of 70 to 90 percent, compared to just 15 percent for traditional learning.
Improved learning transfer (up to 17 percent), increased engagement (up to 50 percent), faster development (up to 300 percent), and lower development costs are all advantages of microlearning (50 percent ).
Online Education Statistics and Business Impact
According to online education statistics, eLearning courses save 90% of the energy they consume.
eLearning boosts productivity by 15% to 25% among team members.
It has been shown that eLearning can increase employee engagement by up to 18 percent.
Survey results from 2018 show that 90% of corporate businesses offer online training to their workers.
95 percent of AstraZeneca’s 500 sales employees completed all available eLearning training modules when they needed to learn about a new product release.
It’s no secret that Hendrick Automotive Group has a great workforce.
For this reason, a new LMS platform was chosen to replace the company’s outdated on-site learning management system (LMS).
In just eight months, the organization saw more than 750,000 visits to the LMS (learning management system).
According to a survey, 72% of organizations believe that online learning gives them an edge in the marketplace.
According to the LinkedIn Learning Report, 94% of participants have seen an increase in their career opportunities as a result of investing more time in their education.
As a result of this trend, 38 percent of the workforce will be better trained in 2020, compared to 14 percent in 2019.
Educators’ Attitudes Towards eLearning Statistics
The education sector’s eLearning market is exploding.
About a third of colleges and universities plan to continue to offer some or all of their courses online after the flu pandemic has subsided.
Among professors, fewer than half believe that distance learning is just as effective as classroom instruction.
More than one-third of teachers lack support for e-learning initiatives.
Over seventy-one percent of educators are concerned about the rise in online class participation rates.
Professors, who make up 39% of the faculty, want to make online resources more readily available to their students.
According to a survey of professors, 33% of them believe that their courses must be rewritten for online delivery.
eLearning Effectiveness Statistics
For the same amount of time spent training, eLearning participants can learn almost five times as much material compared to traditional methods.
The company gains $30 in productivity for every $1 invested in online training.
72 percent of organizations believe that digital learning gives them a competitive advantage because it allows them to stay on top of industry changes.
While only 30 percent of undergraduates prefer classroom learning, 42 percent of online college students do so.
Learners who take online courses can retain 25 to 60 percent more information than those in the classroom, which only retain 8 to 10 percent of what they learn.
Some middle school students who use online learning are seeing a 30% increase in D and F grades.
Failing grades in online courses have risen by as much as 70% in some areas.
Barriers to eLearning Statistics
Nearly five-in-ten K-12 teachers reported in 2012 that their schools lacked adequate computer resources.
21% of students in middle school and 13% of students in high school lacked access to digital devices in the same year.
Only 34% to 48% of science teachers were satisfied with the technology.
One in three elementary school students will complete classwork using a mobile device in 2020.
One-third of households say they lack the space necessary for their children to have a positive educational experience.
For high-minority schools, access to high-speed internet was 50 percent less likely than for lower minority schools.
Schools in rural and low-income areas had a 50% higher likelihood of having slow internet.
25% of black and 23% of Hispanic households lack access to high-speed Internet.
Many 15-year-olds from disadvantaged backgrounds are unable to use computers because they lack the resources.
eLearning Growth Statistics
A total of $187,877 billion was invested in online education by the end of 2019.
By the end of 2020, it had reached over $200 billion, and estimates are that it could rise to $376 billion by 2028.
The compound annual growth rate in the online learning market is 9.23 percent.
Between 2020 and 2024, the US eLearning market is expected to grow by $12,81 billion.
By 2027, the global market for mobile learning is expected to be worth $80.1 billion.
The eLearning market has grown by over 900 percent since the year 2000.
It is estimated that the eLearning market will be worth $243 billion by 2022.
A $374 billion open online course industry is predicted to exist by 2026.
One of the fastest-growing markets in remote learning is mobile, with an annual growth of 23 percent.
Between 2014 and 2018, venture capital investments in European EdTech companies increased by 540 percent.
According to recent data, the vast majority of people taking online courses have a four-year degree or higher.
eLearning Platform Statistics
One of the most popular eLearning platforms, Udemy has more than 20,000 content creators and more than 12 million users.
More than 150,000 online courses in a wide range of professional fields are available on the Udemy platform, including finance, personal development, accounting, software, IT, and data science, to name just a few.
With over 3 million students and 20,000 individual online courses, Teachable is the second most popular online learning platform.
To date, creators of online courses have made $1 billion using Teachable and Thinkable. Tata Interactive Systems is the most widely used course management system in India.
Learning management systems are used by 73.8 million people, according to current estimates.
Marketing, self-habits, food, and drink are the most popular categories for self-paced courses.
Email marketing is the most popular course on the Teachables platform.
Over the course of 2020, EDX will have attracted 110 million international students, an increase of 29 million students from the previous year.
Coursera led the way with a total of 60 million new learners for MOOC providers (which enrolled half of them).
Anxiety management, resilience, and stress management saw a more than 1,000% year-over-year increase in Udemy’s course consumption.
The software and technology industry saw a 3,210 percent increase in the use of listening skills compared to 2019.
eLearning Financial Statistics
In 2021, 42 percent of US organizations will report an increase in revenue thanks to eLearning.
Studies show that nearly half of companies that switched from traditional training methods to eLearning saw an increase in revenue.
A 26% rise in revenue per employee has been reported by companies that provide eLearning services.
An online course can cost anywhere from $144 to $10,800 depending on a number of variables, such as the certification it offers and the number of modules.
Creating an online course costs an average of $177.
eLearning is booming, with the industry expected to be worth billions by 2022. This growth can be attributed to a number of factors, including the convenience and flexibility it offers learners. eLearning also has the potential to change the way we think about knowledge transfer.
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