The online learning industry continues to grow at a rapid pace, presenting a huge opportunity to organizations, individual learners as well as online course creators.
Now, experts have argued for years that because of factors like affordability and accessibility, online learning will be the future of education and so, this shouldn’t really come as a surprise to you.
However, it’s important that you understand the precise nature of the opportunity. So, today, I am going to share with you the top 25 online learning statistics that capture the current state of the eLearning industry as well as the trends.
State of eLearning Industry
- The global eLearning market is expected to reach $375 billion by 2026 from $200 billion in 2019. (Global Market Insights)
Growth in emerging markets, academia, corporate education, and mobile learning are some of the key contributors to this growth. Additionally, the Covid-19 pandemic has further fueled the demand for online learning.
- The size of the eLearning industry was $176 billion in 2017 and is expected to reach $398 billion by 2026. (E-Learning Global Market Outlook Report)
- Almost 50% of the students enrolled in at least one online course in the past 12 months. (Statista)
- Udemy is one of the most popular online learning platforms globally and has more than 50 million students enrolled in its courses. (Udemy)
- As per a survey, 94% of students are satisfied with online learning and they suggest that it has or will have a positive ROI. (Online Education Trends Report)
- In 2017, around 77% of US companies used online learning and this number is expected to increase significantly. (eLearning Industry)
Benefits of Online Learning
- 60% of internet users find online courses to better fit their lifestyle and schedules. (SkillScouter)
- Online learning enables students to learn 5 times more material without increasing the time spent. (eLearning Industry)
- eLearning increases retention rates to 25-60% from 8-10% in a traditional classroom setting. (Shift Learning)
- According to a Brandon Hall study, learning through online channels requires 40-60% less employee time than classroom training. (Forbes)
- Online learning leads to an average 18% increase in employee engagement. (Schoox)
- Every dollar invested by companies in online learning gives a return of $30 in productivity. (Docebo)
- 42% of companies reported that eLearning has led to a significant increase in their revenue. (Shift Learning)
- Online learning reduces energy consumption by 90% and CO2 emission by 85%. (Shift Learning)
Trends in Online Learning
#1: Mobile Learning
- Mobile learning market is growing at a CAGR of 36.3% and is predicted to reach $38 billion by 2020. (Docebo)
- 89% of smartphone users download one or more apps on their phones and 50% of the apps are used for learning. (Towards Maturity)
- 64% of learners find accessing their training content from a mobile device essential. (Docebo)
- 43% of learners see improved productivity levels compared to non-mobile users. (Docebo
#2: Social Learning
- 60% of companies use some form of social learning and 82% of those want to increase its use in the future. (Medium)
- Social learning accounts for at least 75% of the knowledge people attain in their workplace. (Topyx)
- Social learning approaches have a 75:1 ROI ratio compared to formal web-based training. (Docebo, 2019)
- Course completion increased to 85% on HBS Online when it introduced social learning. (eLearning Industry)
- The eLearning gamification market size was $450 million in 2018 and is expected to reach $1.8 billion by 2023. (Gamification in Education Market Report)
- 83% of employees who go through gamified training feel motivated while the number is just 28% for those who go through non-gamified training. (TalentLMS)
- 33% of employees would like to see more gamification in the online training platforms in their organizations. (TalentLMS)
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I hope you found this article useful. What online learning statistic did you find most interesting? Please share it with us in the comments below.