State of The ELearning Industry
The elearning industry is growing, which of course is not news to anyone, but the growth is certainly welcomed!
There is plenty of speculation out there as to why the industry is growing, each valid in their own right, but if we look at it from a practical standpoint the answer is pretty obvious: because it’s easy.
Oh, and it saves money too!
Docebo, a cloud learning management system provider, recently released the inforgraphic below detailing some of the growth facts related to the elearning market.
Looking through some of the reported statistics, the one that grabbed my attention was the fastest growth segments. It seems that the further east you go, the faster the growth, with Asia and Eastern Europe leading the pack.
The primary market drivers still tend to be large corporations, which could coincide with the rise of elearning use in the Asian markets. Many companies are setting up a branch in this part of the world for economic reasons, naturally bringing their elearning methodology with them.
The market itself is expanding in all directions, in areas such as rapid elearning development tools, learning management systems, and mobile learning. As we improve our mobile technology, expect even bigger growth in the mlearning market.
2016 is projected to bring big revenues for the industry, jumping all the way to $51.1 billion. To be honest, I have a hunch that this number may be lower than what will actually be generated, primarily because the rapid growth of technology is closely related to the elearning rapid growth.
In other words, the more “techy” we become, the more natural elearning (and all its forms) becomes, and the more money that is spent.
One thing is for sure, it is an excited time to be involved in elearning!