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25 FACTS AND FIGURES ABOUT ONLINE LEARNING

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Online learning grows at a faster rate than we imagine. According to the Sloan Consortium, online enrollments increase at very fast rates. It even surpasses the expected rate for the student population. Institutes of higher education expect this rate of growth to keep on increasing. Here are some of the key findings from various researches.

  • According to LinkedIn, over 90% of corporate businesses offer online learning opportunities to their employees.

  • Online education is the fastest-growing market in the industry of education. The statistics reveal that the digital learning industry has grown by over 900% since the year 2000.

  • The rapid growth of the eLearning industry would continue to grow in the years ahead. The online learning industry is expected to be worth $243 billion by the year 2022.

  • The Massive Open Online Couse (MOOC) industry will be worth over $374 million by 2026. Since these are large course platforms, they allow an unlimited number of participants for the courses worldwide. Udemy and Coursera are the pioneers in this industry.
  • According to Business Wire, the corporate industry is expected to be worth $50 billion by the year 2026. This industry grows at a rate of 15% each year with most of it by eLearning.

  • Over 82% of the companies use at least some form of online education for their training. Around 28% of the companies deliver all their compliance training online.

  • In the year 2018 way before the pandemic, around 25.6% of corporate training hours were delivered through eLearning. Since then, these numbers have rapidly increased.

  • Online education is used by most companies for different requirements. Around 62% of the companies use these online learning programs to fill the gaps of knowledge in their employees.

  • When considering the schools and higher education institutions, over 64% of the middle school students in the US use digital learning tools every day. Although online education is mostly common among undergraduates, these digital learning devices and applications are being more common among the younger groups too. However, this figure is slightly lower among elementary students.

  • Online learning tools are very helpful for studying and homework. There are many online lectures and other learning materials that help in assignments, homework, and even studying when students are away from the classroom.

  • Researches show that over 81% of students claim that eLearning tools have helped them improve their grades. Thus, it is evident that using the online education features wisely helps the students to keep their grades at a preferable level.

  • According to Skill Scouter, over 50% of the students have taken part in some form of online education in the past years. These numbers have increased even more during this year with the continuation of stay-at-home periods. Even though most students still prefer in-person education, they have been impacted by the pandemic to continue studying online.

  • Dropouts from online classes are very less than the in-person courses. This is because online education allows students to work at their own pace with adequate online learning resources. The normal retention rate of traditional classes is around 10% while that of eLearning courses is over 3 times that.

  • After the pandemic, over 46% of the students have claimed that they need to take some or even all of their academic courses online. This is due to the need of completing education that has been held up due to the global situation.

  • Hence, it can be expected that online education systems would continue to grow in the next few years of the decade.

  • The higher education institutions also bear similar thoughts as to the fact mentioned above. Around one-third of the education providers wish to continue their courses partly or fully online even after the pandemic. Therefore, eLearning will continue to remain as a part of their regular course programs in the future. This may be good news for those seeking online learning opportunities to suit their schedules and to enhance their professional qualifications.

  • Even though most of the students prefer attending traditional in-person classes, the demand for online sessions is on the rise. It is found that 22% of the graduates participate for exclusively online courses to complete their degree.

  • There is even good feedback from students regarding these online learning courses. 41% of the students have reported that they have experienced a better learning experience in online courses than the in-person classes. Around 38% have stated that the two learning methods are as same as each other.

  • As the learning shifted from in-person to online, the computer hardware corporation IBM has saved almost $200 million. Since employee training requires a large part of the budgets of companies, eLearning helps in saving costs.

  • About 42% of the companies state that they have gained an increase in revenue after switching to online education. About half of the companies state that they have experienced some sort of increase in their revenue.

  • For the companies that offer eLearning facilities, the revenue generated per employee has become 26% higher. This shows that online education has not only helped the companies in gaining saving money but also in getting more income.

  • The average cost of creating an online course ranges from $144 to $10,000. This may vary depending on the number of modules offered and the certification provided.

  • The general price of an online course is around $177. However, some courses may cost up to $10,000. This is because even though the courses are online, it costs a lot for the course creators to maintain them.

  • Udemy is considered to be the most popular eLearning platform and has over 40 million active students engaging in their courses. It offers a wide range of professional subjects ranging from financial, accounting, IT up to personal development.

  • According to various researches, the most popular independent courses are related to market, food, and self-habits categories. The concept of independent online education is popular among professionals as well as students seeking personal development that is not even related to their careers.

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