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Knowledge is Now Online: Impressive eLearning Industry Statistics and Facts (2021)

eLearning Statistics and Facts

The e-learning industry has been a promising business area since its very appearance, but recently, the global online learning market has been growing at an even more impressive pace.

The fact that businesses massively transferred their employees to remote work schedules played its part here as well. Because of this, new remote work and learning management tools have appeared, and the existing ones have been improved. Some people benefit from online learning by acquiring new knowledge, while others use it as the main source of income.

I have collected interesting statistical data related to the e-learning area. It will be useful for both those who are now working in this niche and people who are just beginning to master this market.

1. The worldwide e-learning market is expected to be worth $325 Billion in 2025, and reaching over 370 billion U.S. dollars in 2026. [Statista]

2. Venture capital investments into European EdTech companies increased from $70 million in 2014 to $379 million in 2018 – an increase of more than 540%. [Statista]

3. The massive open online course (MOOC) market could be worth $25.33 billion by 2025. [Globe News Wire]

4. In 2015, the mobile learning market was worth just $7.98 billion. In 2020, that number had risen to $22.4 billion. Experts predict that the mobile e-learning market will rise to $80.1 billion by 2027. [Globe News Wire]

5. The bulk of college students were satisfied with their experience of online learning vs classroom learning. While 41% said the experience was actually better, 38% said it was about the same.

Online learning vs classroom learning experience

Source: Statista

6. According to corporate e-learning statistics for 2021, the corporate e-learning market is expected to grow at a CAGR of 11% between 2020-2024. [Business Wire]

7. Corporate e-learning takes 40% to 60% less time to complete when compared to traditional learning. [eLearning Industry]

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8. E-learning motivators for employees are individual learning pace (95%) and no traveling (84%). [KPMG]

9. In 2017, approximately 77% of US corporations used online learning. However, 98% planned to incorporate it into their program in 2020. [Small Business Trends]

10. E-learning increases learning retention rates by between 25% and 60%. In contrast, retention rates of face-to-face training are much lower: 8% to 10%. [SH!FT]

11. The global Learning Management System (LMS) market is expected to reach $29 billion by 2026, with annual growth of 19.1%. [Fortune BI]

12. The self-paced online learning market in the US is estimated to be worth $15.86 billion in 2021. [Statista]

13. Studies from the National Centre for Education Statistics show that 58 percent of employees prefer to learn at their own pace and in their homes’ comfort. [NCES]

14. Statistics show that the US and Europe collectively account for 70 percent of the world’s eLearning market. [Skill Scouter]

15. 93% of companies say that they plan to adopt online learning, according to statistics from Finances Online.

16. A study by the American Heart Association revealed that eLearning improves employee productivity by up to 25%.

17. The average e-learning company in Europe has 25 employees and yearly turnover of €3 million. [Learning Insights]

18. Most recent info suggests that around 72% of US companies believe elearning gives them a competitive advantage. [Forbes]

19. The online learning statistics demonstrate that around 56% of the employees are interested in taking online courses if their manager offers them. [Linkedin]

20. 33.1% of students in the US are enrolled in at least one online course. [Inside Higher Ed, Guide2Research]

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21. The Global Virtual Reality in eLearning Market size was estimated at USD 103.49 Million in 2020 and expected to reach USD 148.87 Million in 2021, at a Compound Annual Growth Rate (CAGR) 44.17% from 2020 to 2026 to reach USD 929.71 Million by 2026. [ReportLinker]

Using virtual reality in classroom

22. And mobile learning is one of the fastest-growing markets within the eLearning industry, with an annual growth of 23%. [Technavio]

23. The amount of venture capital invested in European EdTech (Education technology) companies increased from 70 million US dollars in 2014, to 643 million in 2019, an increase of 573 million US dollars. [Statista]

24. 23% of large companies incorporate VR, 11% use AR, and 9% AI technology in their learning technologies. In contrast, only 5% or less of small corporations incorporate similar methods. [Guide to Research]

25. IBM also studied the value of workplace training, and found that every dollar invested in online training results in $30 in productivity, as workers learn quicker and can resume to work faster. [IBM]

26. 90% of the countries adopted the digital online learning process, and 60% of the pre-primary did the same. [Guru99.com]

27. As per Udemy’s Workplace Learning Trends Report, the goal of 62% of L&D programs was to close the skill gaps while 46% and 44% aimed at driving organizational growth and improving employee engagement respectively.

Udemy’s Workplace Learning Trends Report

Source: Udemy

E-learning is the future. It’s a booming industry, as these mind-blowing e-learning statistics clearly show. Technologies has the potential to revolutionize the way we think about knowledge transfer.

If you are looking for a partner to develop a custom software e-learning solution, write to us, and we will assist you in this endeavor.

Volodymyr Fedorychak

Digital Marketing Specialist at Lvivity

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