State of the E-Learning Industry [INFOGRAPHIC]
Well it is now official, 2013 is here (so much for all of those Mayan predictions) and there are certainly big things on the e-learning horizon. Before speculating about the next big thing, let’s take a moment to review the current state of the e-learning industry… and what better way to get a quick 5-minute overview than through an infographic.
As you would suspect, demand for e-learning across various industries is on the rise, especially within education. It is estimated that the e-learning industry will be around $49 billion (with a “B”) by 2014. This makes sense given the new emerging technology and general service offerings popping up. MOOCs are becoming all the rage these days, and will undoubtedly lead to new possibilities for both universities and instructional designers.
Learning management systems are evolving as well as people begin to demand viable alternatives to Moodle, and other traditional LMS software. New rapid e-learning development tools are hitting the scene as well, as evident by the advances made by Articluate and Adobe Captivate with their main product offerings – but also with the many newcomers.
One thing is for sure, the state of this industry is extremely strong, and it will only get stronger. Innovation is at an all time high, but that does come with some down sides. For every major advancement in e-learning tools, LMS platforms, instructional design techniques/services, there are 10x as many flops to sift through. But eventually this all will work itself out as the market will dictate what is relevant.
So here is to an exciting and successful 2013. Onward and upward for the industry! 🙂