The use of technology has transformed teaching and learning. The classroom is no longer the only location where lectures and seminars can be held. In this article, I have shared “10 Amazing E-learning Facts”.
What’s the worst that could happen if you give it a shot?
Because of the vast array of digital resources now available to both educators and students, such as mobile devices, virtual learning systems, and online classes. Think about digital textbooks as well. All books that have been published in print are also available on Kindle.
How exactly does it work?
Teachers can identify each student’s strengths and weaknesses using data collected through online learning. As a result, the platform can tailor its approach and make learning both enjoyable and simple.
Interested? But I’m sure you are.
Table of Contents
Amazing E-learning Facts
- To put this in context, the global e-learning market is expected to be worth $325 billion by 2025.
- Nearly all U.S. businesses intend to incorporate online learning into their training programs by 2020, with 77% already doing so in 2017.
- The e-learning market in the United States is expected to grow by $12.81 billion between 2020 and 2024.
- E-learning has a retention rate of 25 to 60%.
- The corporate e-learning market could be worth $38.09 billion by 2024.
- As a result of e-learning, 42 percent of US businesses have seen an increase in revenue.
- According to the study’s findings, more than 225 percent of the companies polled had “comprehensive training programs.”
- IBM saved $200 million by transitioning to e-learning.
1. In 2020, 41% of students thought the quality of their college-level online learning experience was far superior to that of physical classroom learning.
What about these statistics on online education?
Online education enables students to be more flexible in their learning. In contrast to traditional classrooms, you can enroll in an online course at any time.
Furthermore, you can do so at any time that is convenient for you, including evenings and weekends.
2. Approximately 65 percent of US faculty members support online learning courses and educational resources.
As can be seen, students aren’t the only ones who are pleased with the rise of e-learning.
3. By 2020, 90% of businesses would have used e-learning as a training tool.
(Source: EdgePoint Learning)
According to e-learning industry statistics from 2017, 98 percent of businesses will be training online by 2020.
However, while we did not quite meet expectations, companies came very close thanks to COVID-related remote work.
4. In 2021, the self-paced online learning market in the United States is expected to be worth $15.86 billion.
That is a massive sum. But:
It represents a significant drop from the all-time high of $20.85 billion in revenue in 2016.
5. Self-paced e-learning products generated approximately $2.05 billion in revenue for the US Federal Government in 2020.
In comparison, the e-learning industry was valued at $2.24 billion in 2019.
By the end of 2021, the figure is expected to fall even further to $2.035 billion.
The federal government spends a lot of money on professional development for its employees, which increases the size of the e-learning market.
6. 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.
7. 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.
8. 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.
9. 33% of post-secondary school administrators will continue to offer remote and online courses after their campuses have reopened completely.
Statistics like this prove that more and more educational institutions recognize the value and benefits of online learning to students.
10. 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.