ELearning Industry experiencing significant yearly growth

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ELearning Industry experiencing significant yearly growth

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As we move ahead into 2015, the eLearning industry is certainly carrying some momentum. There seems to be universal agreement that the worldwide eLearning market will continue to show fast and significant growth over the next few years.

In 2011, it was estimated that €33.13 billion was spent on self-paced eLearning worldwide. This figure rose to €52.29 billion in 2014, and is expected to double before the end of 2015.

Proof of industry Strength and growth

  • The average age of someone who learns online is 34 years old.
  • 82% of online learners are under graduates.
  • 81% of online learners are employed.
  • Over 40% of Fortune 500 companies are now using some form of educational technology.
  • Companies that are using eLearning tools and techniques have the potential to improve productivity of the employees by 50%.
  • Every €1 spent on training results in up to €30 worth of productivity gains.
  • A survey of HR Managers found that 12% listed “not enough training” as the top reason employees give for leaving an organization.
  • Companies using eLearning and on-the-job training generate 26% more revenue per employee.
  • 72% of companies state that eLearning helps them to keep up-to-date in their industry.
  • Companies that have a strong learning culture have been shown to do better in their market compared to those who do not.
  • Companies are 34% more able to respond to customer needs when they have a robust learning program.
  • Companies are 46% more likely to be the leader in their industry with a robust learning program.
  • Companies are 17% more likely to become the market share leader if they have a robust eLearning program.

“14 Interesting eLearning facts” by Justin Ferriman published on Jan 22nd 2014.