It’s really no secret how the training landscape has changed dramatically in the past 10 years as eLearning and mobile technologies have gone from early-adopter novelties to mainstream essentials.
Still, there are companies who aren’t buying the eLearning hype, still on traditional courses or can’t convince their boss or HR team to experiment within the brave marketplace of eLearning.
So we’ve put together over the dozen powerful stats that happen to be sure to be eye-openers, if not total mind-changers.
1. For 2011 77% of American Corporations were using online learning (in 1995 this number was just 4%). This means the amount of companies using online training techniques is dramatically increasing due to the fact technological barriers are diminishing and customer priorities are shifting beyond stand-alone training courses.
2. Corporate training alone is really a $200 billion industry. eLearning represents $56.2 billion for this. This will become a $107 billion market by 2015. (GIA – Global Industry Analysts). In this manner, it is possible to say corporate eLearning is among the fastest growing, and, we believe most promising markets in the education industry.
3. The eLearning industry is now beyond 13 years of age (the word “e-learning” was coined in 1998). Subsequently, eLearning continues its rapid evolution and radically changing the training industry… View this infographic.
4. America and Europe make up for over 70% of the global eLearning industry. The swiftest growing market, however, is Asia Pacific, with eLearning revenues anticipated to grow by having an annual rate of 20%.
5. eLearning is the second most important training method within organizations, with companies increasingly moving towards blended learning and eLearning, rather than instructor led training sessions. The global marketplace for eLearning is forecast to reach over $100 billion by 2015, with growth from the important things about reducing operational costs, flexibility and simple training programs.
6. It’s a known fact than a large number of firms are depending on learning technology to assist their business advance. According to 2011 Towards Maturity Benchmark Survey, 72% of the 600 companies surveyed asserted that learning technologies including eLearning and mobile learning helped their business adapt a lot quicker to alter, a boost of 11% on just last year.
7. According to New Ambient Insight Report, the Asian eLearning sector is anticipated to reach $11.5 billion by 2016. It is demonstrated that the 2 countries having the highest growth rates worldwide are Vietnam and Malaysia, with 44.3% and 39.4% respectively. Following closely behind these countries are Thailand, Philippines, India and China, with 30%-35% growth rate.
8. 4,600,00 learners are presently taking at least one of their classes on the web and by 2014 this number increase to 18,650,000. By 2019, half of ALL classes will be performed online.