E-learning continuing to rise in popularity, study finds

Written by Seun Robert-Edomi on 18 March 2014 in News
News

According to the study, there is a universal agreement that the worldwide e-learning market will show fast and significant growth over the next three years. The market for learning management systems (LMS) has also exceeded growth predictions in recent years, currently being worth some $2.55bn worldwide.

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E-learning within the training industry has grown consistently in recent years.

That’s according to research from e-learning solutions provider Docebo which looks at the current worldwide e-learning market.

E-Learning Market Trends & Forecast 2014 – 2016 aims to help any decision maker needing facts and figures, statements and arguments to prove to stakeholders the added value of e-learning initiatives.

According to the study, there is a universal agreement that the worldwide e-learning market will show fast and significant growth over the next three years. The market for learning management systems (LMS) has also exceeded growth predictions in recent years, currently being worth some $2.55bn worldwide.

Within the Cloud solutions universe - which is changing the way organisations, employees and partners interact and collaborate - Software-as-a-Service (SaaS) is playing a major role and is helping to increase the size of the e-learning market. Surveys show that SaaS brings: speed of implementation; savings on capital expenditures, and savings in terms of operational expenses.

Furthermore, with the inflow of an estimated $6bn of venture capital over the past five years, e-learning is being driven not only by startup dot-com entrepreneurs but also by big corporations, for-profit spin-off ventures, as well as big and small universities.

The report endorses the use of online learning technologies to:

• Keep workforces appraised of their job functions’ developing requirements, enabling them to make a positive impact within their organisation and help that organisation achieve its aims and goals

• Aid succession planning, helping workers to acquire the knowledge and skills to help them progress within their firms

• Allow businesses to keep training budgets under tighter control, develop and retain existing employees and reduce the costs related to external human resources recruitment, selection and on-boarding

Speaking about the report, Claudio Erba, Docebo’s CEO, said: “The report shows that general budget constraints still appear to be the main driver towards using e-learning. However, e-learning is also an efficient and cost-effective solution when workers - especially those in organizations with a widely geographically distributed workforce - need to be brought up-to-speed quickly on relevant knowledge and skills.

“The current speed of change means that employees need to be trained continuously in order for companies to avoid the dangers of being out-thought and out-maneuvered by competitors.

“We believe these training initiatives need to be monitored and managed via a consistent and reliable tracking system – which can cope with all the growing number of learning delivery devices now being used, in line with today’s Bring Your Own Device (BYOD) trend.”

He added: “This system’s data can be stored, consulted and analysed as required – being used for such things as management reports on productivity and for assessing individuals’ career advancement.”

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