We recently released a report that analyzed the worldwide elearning market and set out the added value of elearning initiatives. If you don’t have your copy yet, the Elearning Market Trends & Forecast 2014 – 2016 is available here for free download.
For those who want a quick review of the key takeaways of that report, we’ve put together this convenient infographic that summarizes the main points:
Did you know?
- Within the training industry, the elearning sector has grown consistently in recent years.
- The worldwide elearning market will show fast and significant growth over the next three years.
- The worldwide market for self-paced elearning (worth $35.6bn in 2011) is estimated to be growing at around 7.6% a year.
- According to recent regional studies, the Asian market is showing the highest annual growth rate, at 17.3%; followed by Eastern Europe, Africa, and Latin America at 16.9%, 15.2%, and 14.6%, respectively.
- The market for learning management systems (LMS) is currently worth $2.55bn worldwide.
- Software-as-a-Service (SaaS) 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.
- In mature markets, the biggest trend of 2014 is turning a cost-driven system like an LMS into a revenue generating system. (check this blog post for more on that!)
- With the inflow of an estimated $6bn of venture capital over the past five years, elearning is being driven by:
- startup dot-com entrepreneurs
- big corporations
- for-profit spin-off ventures
- big and small universities