More and more businesses are now investing in online training or what is known as e-learning. The COVID-19 crisis offers a realistic and logical explanation for this trend.
E-learning training exists in various and varied fields such as: linguistics, health, training abroad, international mobility, recruitment, professional training, communication, security, risk management, customer relations, finance… and many more.
E-learning draws its appeal from being able to learn at your own pace, on your computer, educational content on various subjects. Organized in sessions or modules, with evaluation tests, the training can be completely self-managed and monitored via a dashboard that lists each of the participant’s progress.
1. The real impact of Covid-19 on the global e-learning market
The global e-Learning market share is now over $190 billion. It is estimated that by 2025, it should reach 325 billion dollars. It is a very rapidly expanding market.
After the United States, which represents almost 40% of the world market, Asia is the second largest e-learning market. China is one of the countries with the most buoyant market: its value reached $38.5 billion in 2019. India is the Asian country that has invested the most in this market in recent years. The number of Indian learners taking online training was 1.6 million in 2016, and it is expected to rise to 9.6 million in 2021. The e-learning market in Western countries has been growing for over a long time and is in the process of consolidating. Its growth is therefore more moderate there, but one thing is certain: the e-learning market has a bright future ahead of it!
This trend towards e-learning is primarily explained by the democratization of telework in business organizations. Although it was first a constraint imposed by government health regulations, it finally won over employees and business leaders. According to an international study conducted by Microsoft and LinkedIn, 70% of employees want flexible working from home to remain the norm after the COVID crisis.
2. Technologies & Tools
Several technologies are used for e-Learning, the main ones are:
- Mobile applications: Easy, simple, learn from anywhere, e.g. learn new languages.
- Web applications: the most common approach.
- Training video: live/recorded videos.
- Internal campus software: for universities, schools and learning centres.
- Game-based learning / Gamification: More interactive, easy for kids and young generation, more complex to develop
- Virtual reality (VR): This area is still growing and is expected to reach a large portion of this market in a few years.
All these tools are built on the basis of the software and customized depending on the audience and the market demand. At Datahouse Asia, we have a rich experience in this area and we can support you.
The future of online learning holds a lot of promise. In 2019, the total value of the eLearning marketplace was just under $200 billion. By 2026, the world e-learning market is expected to be worth $375 billion.
There is no denying that the e-learning market has grown significantly, it is impressive how large this industry is.
Several ideas have not yet been explored, would you like to know more about how the services and digital solutions we offer could help build your e-learning idea?
Drop us a line via the DataHouse Asia contact form.