The topic of eLearning has gained considerable attention in recent years, especially as the global pandemic due to the coronavirus continues to sweep across the world. Because many schools are staying closed and places of work are mandating their employees to work remotely, online learning has become required in many situations. At the same time, this type of learning experience is also gaining popularity due to its efficiency and overall positive user experience.
Most people today, especially those who live in developed countries like the United States, use an electronic device to make a living, whether that includes completing work in an office setting or completing courses online in a learning environment. If you aren’t someone who is familiar with the latest trends in the digital age, you might be asking yourself “what is eLearning?”, and “how can it be a positive function across all industries?”
Let’s take a look at some of the highlights of this $200 billion industry and how technology is delivering an entirely new learning management system in this day and age.
What is the latest in eLearning technology?
Some of the most recognizable constituents in the eLearning industry are MOOC (Massive Open Online Course) providers. These providers surpassed 101 million elearners in 2018 alone, with some of the most popular market leaders including Coursera, edX and FutureLearn. These businesses provide the online infrastructure that is required for hosting and administrating courses that are provided by users and utilized by its students and employees. Without these businesses, eLearning wouldn’t be as organized or have the functionality that it does today.
These businesses provide the online infrastructure for several different industries. From online cooking classes to professional certifications, these MOOC platforms provide the environment for online learning. Some of these platforms even make it possible for someone to earn a professional degree, fully remotely.
There are also several types of automation technology that is sweeping across industries like telemarketing and outbound campaigns as the efficiency of such platforms takes a precedence in the work environment. Some companies are using things such as predictive dialer software to increase accuracy and customer satisfaction, as well as reduce the number of mistakes that might be made manually by call center agents. The best practices in management systems today focus on time efficiency, usability and customer experience.
Who is using eLearning?
It’s true that eLearning is a phenomenon affecting all industries all around the globe, but you might be curious how technical this tool can get. Some people tie eLearning to students in K-12 settings, but it goes beyond the school environment. Corporations have started using eLearning as a training module for their employees, which could include professions such as automotive engineers, telemarketing professionals, military service people, educators and retail employees.
This type of remote learning isn’t limited to any industry, although some trades might require hands-on training in some scenarios. However, this is a great way to minimize contact in person, especially as the pandemic continues to affect not only the industries we listed, but many more as well. For people who prefer to take courses on their own time and at their own pace, this is also a great way to substitute the regular workday structure at work and in schools.
What is the projected growth for the eLearning industry?
In 2015, as the traditional classroom began to shift into an electronic learning environment, the industry was evaluated to be worth $107 billion USD. As of 2019, eLearning was already a $200 billion industry. The projected growth is expected to hit $243 billion by 2022 and $325 billion by 2025. This relatively new industry is experiencing rapid growth and today’s modern learners will be experiencing online learning as it vastly prospers over the next decade.