Nowadays, learning is not limited to just a classroom. Thanks to technology, anyone can take a class from the comfort of their homes or from just about anywhere.
The rapid growth of eLearning platforms has made it easy for people to educate themselves online on various topics. Besides, the eLearning industry saw a massive boom due to the Covid-19 pandemic, where crowd gatherings and physical classes were prohibited.
This article will discuss eLearning statistics, showing the adaption and growth of eLearning in different sectors, from corporate to academic.
So, let’s get right to it, shall we?
General eLearning Statistics
- The eLearning industry has grown 900% since 2000, making it the fastest-growing market in the education industry.
- Harvard and MIT invested $60 million to launch edX.
- The demand for digital learning opportunities increased rapidly during the Covid-19 pandemic, prompting over 200% growth in the eLearning industry.
- With over 30% of students not having access to eLearning resources, the adoption of eLearning by institutions has produced a socioeconomic divide.
- The completion time for eLearning courses is 60% faster than for in-person courses.
- IBM saved $3200 million after switching to eLearning.
- Global Edtech investments reached over $10 billion in 2022.
- Lack of peer-to-peer interaction, slow internet connection, and poor network access are the major challenges to the growth of the eLearning industry.
Corporate eLearning Statistics
Corporations are the biggest users of eLearning technology and outlined below are some facts and figures to prove this.
- The corporate eLearning industry is predicted to grow annually by 15% and be worth over $40 billion by 2026.
- LinkedIn reports that about 90% of corporations offer eLearning to their employees, with more companies planning to adopt it.
- Over 50% of employees prefer to learn at their own pace.
- Over 20% of companies reported an improvement in employee productivity with eLearning.
- Over 25% of corporate training hours in 2018 were delivered by eLearning.
- Over 80% of companies use online learning to conduct compliance training.
- According to Udemy, over 60% of companies use eLearning tools to fill gaps in employee knowledge.
- Over 40% of Fortune 500 companies use online technology to deliver employee training.
- About 18% of companies have reported increased employee engagement with eLearning.
- L&D Professionals spend over 50% on eLearning.
eLearning Financial Statistics
Here, we will look at the eLearning industry’s revenue and the financial statistics of eLearning in different industries.
- Over 40% of companies claim that eLearning adoption has increased their revenue.
- An online course costs about $177, and some courses can cost as high as $10,000.
- Companies that offer eLearning generated over 20% higher revenue per employee.
- Online learning platform revenue is projected to reach over $2 billion by the end of 2023.
Global eLearning Statistics
E-Learning is in demand worldwide, and the outlined facts and figures prove this.
- The global eLearning industry is expected to grow at over 20% CAGR from 2021 to 20127.
- Germany has Europe’s highest eLearning market share, with over 8% annual growth.
- The European eLearning market is predicted to grow to over $25 billion in the next five years.
- The Asia Pacific region has the fastest-growing eLearning market, with a growth rate of over 17%.
- China’s K-12 eLearning market has grown by 20% since 2017.
- By 2024, India’s eLearning market is expected to grow by about $15 billion.
- By 2026, the Asia Pacific market will be over $90 billion.
- The North American eLearning Market is estimated to reach over $100 billion by 2028.
- The online learning market in Africa and the Middle East is predicted to reach about $20 billion by 2028.
- The UK eLearning Market is expected to cross $11 billion by 2026.
Mobile Learning Statistics
With the number of mobile users expected to grow, more individuals will use their mobile phones for learning. Here, you will find some mobile learning statistics proving how much it is already being adopted.
- Over 60% of students have used their smartphones for educational purposes.
- K12 students reported using their smartphones to do homework, collaborate, play educational games, and solve math problems.
- The mobile eLearning value is estimated to reach $80 million by 2027.
- 45% of mobile learners finish their tasks faster than desktop learners.
- 60% of all eLearning activity happens on a mobile device.
- Mobile learning has a 20% average annual growth rate, making it the fastest-growing market in the industry.
- Mobile learning is predicted to be the preferred way of micro-learning by 2025.
eLearning Industry Adoption and Development Statistics
With the internet’s growth, the eLearning industry’s adoption and growth has increased in recent years. Outlined below are some figures that show this.
- According to Statista, the eLearning industry is predicted to be worth over $300 billion by 2026.
- By 2026, the Massive open online course (MOOC) industry is expected to be worth $374 billion.
- The Mobile E-learning sector is predicted to grow at over 20% CAGR from 2022 to 2028.
- The number of eLearning platform users will reach over 50 million by 2027.
eLearning Content Type Statistics
There are different eLearning content types and different training methods. Here, we will discuss their adoption statistics.
- Online self-paced eLearning courses are employees’ most popular training methods (70%).
- Over 60% of corporate learners preferred interactive role-play simulations and hybrid learning.
- Over 30% of IT and service industry people commonly use interactive role-play for learning.
- 82% of enterprise employees find interactive videos more engaging than non-interactive ones.
- The global MOOC market is predicted to cross $64 billion by 2029.
- Over 60% of students engaged in Gamified learning, and 26% preferred Gamified learning with real-time performance feedback.
- Social learning increases course completion by over 80%.
Academic eLearning Statistics
The Covid-19 pandemic caused a shift in Academic eLearning, as more institutions now adopt online teaching. Here are some statistics showing eLearning in different academic levels, from elementary to graduate level.
- Over 40% of students use eLearning tools and materials to study and complete their homework.
- Over 80% of university students find eLearning tools useful in improving and maintaining their grades.
- In 2020, over 80,000 schools across different countries used Zoom for online classes.
- Over 60% of high-school and middle-school students use eLearning tools daily.
- The undergraduate students enrolled in online courses in 2020 had increased by 150% compared to 2019.
- Over 40% of students, after the pandemic, reported they would prefer to take all their academic courses online.
- The average student retention rate for eLearning courses (35% – 60%) is three times higher than for physical courses.
- Over 30% of higher institutions after the pandemic indicated they would continue to offer full or partial eLearning.
- By the end of 2021, more than 900 universities announced over 19,000 MOOCs globally.
- Over 35% of university students find online learning more useful for course management.
- About 20% of graduates take exclusively online courses to get their degree certification.
- About 40% of university students preferred their eLearning courses to physical classes, while 38% felt the same for both.
Independent eLearning platforms, like Udemy, Coursera, and Skillshare, are in high demand, enabling people to learn new skills from the comfort of their homes. Here, we will discuss some statistics about these different eLearning platforms.
- Udemy is the most popular eLearning platform, with over 150,000 courses and 40 million students (10+ million active).
- Teachable is the second most visited eLearning platform globally, with over 23 million users.
- Course creators on Thinkable and Teachable have earned over $1 billion in revenue from course sales.
- Most online learners on Coursera are from the US (17.3 million) and India (13.6 million).
- Skillshare has over 13 million users and over 35,000 classes.
- Cloud computing, Enterprise Cloud Computing, data mining, and statistical analysis are the top hard skills in demand on ELearning platforms.
- In 2021, Coursera had over 90 million learners, 6000 courses, 900 micro-credentials, and 30 degrees.
- Google has enrolled over 80,000 of its employees in Udacity courses.
- Coursera raised over $500 million after going public in March 2021.
- India’s eLearning platform, Byju’s, is the World’s 13th biggest unicorn, with over $22 billion in value.
eLearning Benefits Statistics
- E-Learning reduces over 80% of carbon dioxide emissions and saves up to 90% more energy.
- 7 in 10 teachers find eLearning resources helpful for students.
- It takes over 50% less time to complete a course material through eLearning than physical learning.
- 60% of eLearning platform consumers report that eLearning helped them to develop and improve soft skills.
- ELearning allows for self-paced learning, allowing individuals to progress at their speed.
eLearning Trends
With technology continuously changing, here are a few eLearning trends to look out for in the coming years:
- In the coming years, augmented and virtual reality are the major trends driving the online learning industry.
- Artificial Intelligence is predicted to become a major tool in eLearning.
- 42% of companies using e-learning also see an increase in their revenue.
- Employee productivity is also improved by 15% to 25% with e-learning.
- Employees no longer need to even be given access to specific platforms. They can browse hubs like DreamGrow or Startup Resources, where they can learn more about various aspects of running a business and perfect their marketing knowledge or figure out the next steps in their career.
Sources
KPMG
Statista
Global Market Insights
Business Wire
Udemy
LinkedIn
Shift learning
Business Market Insights
Coursera
Globe News Wire
Tech Jury
Forbes
