{"id":10492,"date":"2022-01-27T10:10:23","date_gmt":"2022-01-27T10:10:23","guid":{"rendered":"https:\/\/firstsiteguide.com\/?p=10492"},"modified":"2023-10-04T00:15:32","modified_gmt":"2023-10-04T00:15:32","slug":"elearning-stats","status":"publish","type":"post","link":"https:\/\/firstsiteguide.com\/elearning-stats\/","title":{"rendered":"39 Best E-Learning Statistics for 2023","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
The digital age and the expansion of the internet<\/a> have led to a virtual revolution. One result of this revolution has been a digital transformation in every industry, and there are cloud-based services and post-social media channels all over the digital business realm. <\/p>\n\n\n\n All of these elements led to the inevitable rise of e-learning in the education industry. Convention centers and classrooms are no longer the only venues where people seeking knowledge can gain new insights and learning experiences. <\/p>\n\n\n\n Both individuals and companies are increasingly relying on a wide range of intuitive learning management systems. They can use various e-learning software tools<\/a>, such as virtual education hubs, to access any desired content with nothing more than an internet connection and a smart device. These systems and tools make online learning more convenient, efficient, and user-centric. <\/p>\n\n\n\n E-learning can help you to achieve your goals if you\u2019re a remote entrepreneur planning to launch a private online business<\/a> class. They can also be helpful if you\u2019re a business owner looking for the most straightforward, affordable, and effective way to deploy an enterprise-level training program for employees. <\/p>\n\n\n\n Let\u2019s examine some of the most notable e-learning statistics for 2021 and beyond.<\/p>\n\n\n Top 10 E-Learning Statistics<\/span><\/strong><\/p>\n\n\n\n Let\u2019s review some of the most significant online learning industry growth facts and figures.<\/p>\n\n\n\n Since 2000, the e-learning industry has grown by 900%. The internet is the leading cause of this global expansion of the digital learning industry.<\/strong> The newest studies indicate that the industry is expected to continue growing at a steady pace.<\/p>\n\n\n\n (Source: Assets.kpmg<\/a>)<\/span><\/sub><\/p>\n\n\n\n According to the latest forecasts, the global online learning market will exceed the $243 billion mark in 2022.<\/p>\n\n\n\n (Source: Statista.com<\/a>)<\/span><\/sub><\/p>\n\n\n\n The massive open online course industry (MOOC) is currently rising<\/strong>. According to the latest reports, this industry will be worth $374 billion by 2026.<\/p>\n\n\n\n (Source: Globenewswire.com<\/a>)<\/span><\/sub><\/p>\n\n\n\n The coronavirus outbreak has significantly expedited the adoption of digital and IoT technologies, as well as prompted exponential growth in the virtual learning industry. <\/p>\n\n\n\n The demand for e-learning tools and systems rose by almost 400% during the pandemic. More than 40% of millennials use e-learning as their go-to solution for building more skills<\/strong> during their time off work.<\/p>\n\n\n\n (Source: Gminsights.com<\/a>)<\/span><\/sub><\/p>\n\n\n\n The term e-learning was coined the same year that Google was founded<\/strong>. Today, the modern digital learning industry is 22 years old and counting.<\/p>\n\n\n\n (Source: Shiftelearning.com<\/a>)<\/span><\/sub><\/p>\n\n\n\n The most significant benefit of e-learning is that it allows any internet user to learn online at their own pace and convenience. In addition, it makes a wide variety of content available to everyone with an internet connection. Internet users can choose how they want to interact with the e-learning content in any communication channel that they prefer. <\/p>\n\n\n\n Students can watch educational and training videos, read instructions via social media<\/a>, email, or text, learn on the go, and tap into any content they prefer to achieve their learning goals. The power of online and mobile learning is immeasurable.<\/p>\n\n\n\n Let\u2019s turn to facts and figures to understand the impact of e-learning in 2021 and beyond.<\/p>\n\n\n\n Brandon-Hall<\/a>\u2019s research indicated that modern e-learning methods could help save up to 60% of employee time compared to a traditional learning setting. Since students can pick up knowledge at their own pace, this e-learning method requires 40%-60% less employee time<\/strong>.<\/p>\n\n\n\n (Source: Shiftelearning.com<\/a>)<\/span><\/sub><\/p>\n\n\n\n Compared with traditional learning methods, digital and mobile learning yield much better consumer retention rates<\/strong>. Face-to-face learning retention rates range from 8-10%, while e-learning training retention rates range from 25-65%.<\/p>\n\n\n\n (Source: Shiftelearning.com<\/a>)<\/span><\/sub><\/p>\n\n\n\n Participants using various digital and virtual learning methods managed to learn at least five times more information compared to students who used traditional learning methods. Additionally, e-learning allowed participants to save time by learning more over a shorter period<\/strong>.<\/p>\n\n\n\n (Source: Shiftelearning.com<\/a>)<\/span><\/sub><\/p>\n\n\n\n The latest statistics indicate that e-learning can help modern enterprises to increase customer retention rates and revenue<\/strong>. According to the studies, 42% of companies claim that e-learning solutions have helped them increase revenue. <\/p>\n\n\n\n (Source: Shiftelearning.com<\/a>)<\/span><\/sub><\/p>\n\n\n\n A recent IBM research report showed that businesses could achieve a significant increase in productivity and revenue by investing in online training<\/strong>. For every dollar they spend on e-training, companies receive a $30 increase in revenue.<\/p>\n\n\n\n (Source: Shiftelearning.com<\/a>)<\/span><\/sub><\/p>\n\n\n\n E-learning technology and tools allow modern businesses to train their workforce efficiently<\/strong> and significantly boost employee productivity and engagement. According to a recent study by the Molly Fletcher Company<\/a>, e-learning training can help companies to increase employee engagement by up to 18%.<\/p>\n\n\n\n (Source: Shiftelearning.com<\/a>)<\/span><\/sub><\/p>\n\n\n\n According to numerous modern companies, saving resources is one of the fundamental e-learning benefits for businesses. This is the biggest reason why many organizations use e-training methods to their advantage. Aside from allowing employees to pick up information in their preferred way, e-training isn\u2019t only more efficient \u2013 it\u2019s cost-effective.<\/p>\n\n\n\n Companies can save money by providing better training to their employees. They can use the savings to impact their consumers and provide better products and services, customer support, and experience at every step of the customer journey.<\/p>\n\n\n\n Let\u2019s list some of the most notable financial e-learning statistics to see how companies benefit from modern-day training methods.<\/p>\n\n\n\n Businesses can save a lot of money by switching to e-training. According to Dave Evans, IBM is an excellent example of how e-learning can benefit a business with cost-effectiveness. He reported that IBM<\/a> saved up to $200 million by introducing e-learning methods in their employee training strategies. E-training allows companies to save resources on paying instructors, equipment, hotel rentals, travel, and more.<\/strong><\/p>\n\n\n\n (Source: Shiftelearning.com<\/a>)<\/span><\/sub><\/p>\n\n\n\n According to a 2017 survey, e-training methods helped companies to convert information into revenue<\/strong>. 42% of surveyed businesses reported an increase in revenue after switching to e-learning methods.<\/p>\n\n\n\n (Source: Shiftelearning.com<\/a>)<\/span><\/sub><\/p>\n\n\n\n According to Sell Courses Online’s article on e-learning, creating an online course can cost a business anywhere from $144 to $10,800, depending on the certification and the number of modules the online course provides.<\/p>\n\n\n\n\n
Overview of the most essential e-learning industry growth statistics<\/h2>\n\n\n\n
1. The virtual learning industry has achieved tremendous 900% growth in the last 22 years.<\/h3>\n\n\n\n
2. The global digital learning market is expected to reach over $243 billion by 2022.<\/h3>\n\n\n\n
3. By 2026, the MOOC industry is forecast to reach $374 billion.<\/h3>\n\n\n\n
4. Demand for e-learning systems and software tools rose by almost 400% during the COVID-19 pandemic.<\/h3>\n\n\n\n
5. The virtual learning market is now 22 years old.<\/h3>\n\n\n\n
Top statistics regarding the power of e-learning<\/h2>\n\n\n\n
6. E-learning can help to save 40%-60% of employee time compared to more traditional learning methods.<\/h3>\n\n\n\n
7. When compared to traditional learning methods, digital learning can increase consumer retention rates by 25-65%.<\/h3>\n\n\n\n
8. E-learning allows students to save time spent on training while learning a minimum of five times more material.<\/h3>\n\n\n\n
9. 42% of business organizations state that using e-learning training methods can help to increase revenue.<\/h3>\n\n\n\n
10. Companies that invest heavily in e-learning employee training see an ROI increase of $30 per employee.<\/h3>\n\n\n\n
11. E-learning methods can increase employee engagement by up to 18%.<\/h3>\n\n\n\n
General overview of top e-learning financial statistics<\/h2>\n\n\n\n
12. IBM managed to save almost $200 million by making a shift to e-training.<\/h3>\n\n\n\n
13. Shifting to e-training allowed 42% of businesses to boost revenue.<\/h3>\n\n\n\n
14. Cost of creating an online course ranges between $144 and $10,800.<\/h3>\n\n\n\n