Latest Online Learning Statistics 2023: Must Know Facts & Figures

Last Updated on: September 24, 2023 by

In this post, we discuss Online Learning Statistics 2023

The transition from traditional in-class education to digital learning has been tremendous. Individuals and corporations can now benefit from eLearning courtesy of technology and the internet.

COVID-19 has aided in the rapid expansion of the web-based learning business.

Social segregation and confinement have necessitated a creative technique for education and training. More independence, flexibility, enhanced self-motivation, & better time management are all advantages of online learning.

Online Learning Statistics

However, there are also disadvantages, such as the necessity for a great deal of self-direction, fewer social engagements, and higher work for pupils.

The following online learning statistics will demonstrate how effective and strong online learning solutions have become.

Online Learning Statistics Around The World

  • By 2025, the global eLearning market is expected to be worth $325 billion.
  • In 2017, 77 percent of US businesses used online education, but by 2020, 98 percent would have integrated it into their learning strategy.
  • The online learning market in the United States will rise by $12.81 billion between 2020 and 2024.
  • When eLearning is provided, retention rates increase by 25 percent to 60 percent.
  • The corporate e-learning industry is expected to grow by $38.09 billion between 2020 and 2024.
  • eLearning is credited with a 42 percent rise in revenue in the United States. The organizations with “extensive training programs” have 218 percent more income per member of the team and 24 percent higher profit margins, according to a survey of 2,500 companies.
  • IBM was able to conserve around $200 million by switching to eLearning.
  • In 2019, 67 percent of organizations in the United States offered to learn possibilities through smartphones.

Statistics on the Online Learning Industry Around the World

  • By 2025, the massive open online course (MOOC) market might be valued at $25.33 billion. MOOCs are free online learning platforms that allow students from all around the world to participate.
  • The MOOC industry is presently valued at 5.16 billion dollars and is expected to expand at a 32.09 percent annual rate.
  • The key themes of virtual and augmented reality (VR/AR) will propel the eLearning sector forward in the coming years.
  • The United States and Europe account for the majority of the worldwide eLearning market (70 percent ).
  • Germany, with the largest market share in Europe, is the European leader in the eLearning business.
  • In many regions of the world, just 47 percent of pupils are aware of MOOCs.
  • Only one-fifth of 2,700 randomly chosen medical students knew about MOOCs, according to a survey.
  • 40 percent of the most prominent MOOCs are in easy-to-monetize sectors like business and technology.
  • The eLearning market in Germany is rising at an annual rate of 8.5 percent.
  • By 2024, India’s online education market is predicted to expand by $14.33 billion.
  • The Asia Pacific region’s fastest-growing eLearning market is increasing at 17.3 percent, whereas the global average is 7.6 percent.
  • Since 2017, the K-12 web-based learning market in China has expanded by 20%. 
  • The majority of students enrolled in online degree programs in the United States are physically based in the country.
  • More than a third of American students participate in at least 1 online course.
  • An online college education is preferred by 39 percent of American undergraduates over traditional classroom study.
  • eLearning courses are available at nearly all of the leading universities in the United States.
  • Online programs are available to 48 percent of K-12 pupils worldwide.

COVID-19 Impact Statistics and eLearning

  • During the epidemic of 2020, China’s school system depended significantly on distance learning.
  • As a consequence of COVID-19, 97 percent of university students have transitioned to online learning.
  • Since the COVID-19 outbreak, 41% of students believe their view of their present school has deteriorated.
  • The pandemic has touched over 1200 schools and colleges in over fifty states in the U.S.
  • In the United States, 21% of universities have adopted a blended learning model.
  • 44 percent of US educational institutions have fully embraced web-based learning platforms and resources, with online education now serving as their principal mode of instruction.
  • The COVID-19 epidemic sparked a rapid boom in the eLearning business, with demand increasing by as much as 400 percent.

Statistics on Traditional vs Online Education

  • When compared with conventional learning retention ratios of 8 percent to 10 percent, eLearning enhances learning retention ratios by 25 percent to 60 percent.
  • In comparison to conventional face-to-face team member training, web-based learners have more autonomy over their learning experience.
  • Individual learning pace (95 percent) and reduced travel costs are the two most compelling reasons for employees to select online education over traditional classroom-based learning (84 percent ).
  • When compared to conventional face-to-face classes, 85 percent of students think the virtual learning process was better or at least comparably satisfying.

Statistics on Corporate Online Education

  • Between 2020 and 2024, the corporate eLearning industry is expected to grow by $38.09 billion.
  • Corporate distant learning takes 40 percent to 60 percent less duration to complete than traditional learning.
  • Around 40% of Fortune 500 organizations use online education to train their employees.
  • 41.7 percent of Fortune 500 organizations utilize technology to train their personnel in some way.
  • Learning & development professionals now devote 57% more time to online learning than they did 3 years ago.
  • The corporate eLearning market is anticipated to be valued at 50 billion dollars by 2026.
  • In 2018, 82 percent of businesses employed distant learning for at least a few of their compliance training.
  • In the same year, 28% of businesses offered all of their compliance training digitally.
  • In 2018, eLearning accounted for 25.6 percent of all corporate training hours. To overcome knowledge gaps among team members, 62 percent of firms use virtual education and development programs.
  • Microlearning, which consists of 5-minute bite-sized lessons, saw a 700 percent increase in usage in 2020.
  • The average time it takes to complete a micro lesson is five to seven minutes.
  • Each microlearning course has an average of 4-5 microlessons. 
  • Microlearning has a 70 percent to 90 percent retention rate, compared to 15% for classical learning.
  • Microlearning has a 17 percent boost in learning transfer, a 50 percent increase in engagement, a 300 percent increase in development speed, and a decrease in development costs (50 percent ).

Statistics on Online Education and Its Economic Impact

  • According to online education data, eLearning courses save power consumption by 90 percent.
  • eLearning increases the productivity of team members by 15 percent to 25 percent. 
  • eLearning has been shown to increase team member participation by up to 18%.
  • According to a 2018 survey, 90% of corporate organizations provide eLearning chances to their staff.
  • When AstraZeneca, a global pharmaceutical business, needed to train 500 salespeople about a new product, 95% of their students completed all of the available eLearning training programs.
  • Hendrick Automotive Group is another company that has a high level of employee involvement.  It is one of the biggest privately held car dealerships in the United States, and it wanted to replace its old LMS with a platform that focuses on engagement.  As a result, in just eight months, the business received over 750,000 visits to the LMS (learning management system).
  • Organizations feel that employing web-based learning provides them a competitive edge in 72 percent of cases.
  • Inside the LinkedIn Learning Report, 94 percent of learners reported that taking more time to learn had helped them advance in their careers.
  • In 2020, 38 percent of the workforce will have improved their skills, compared to 14 percent in 2019.

Attitudes of Educators Towards eLearning Statistics

  • In the education industry, eLearning is the quickest growing market.
  • After the epidemic, 33 percent of universities said they will continue offering their courses partially or entirely online.
  • Only around half of professors believe that distance education is as successful as in-classroom learning.
  • eLearning is not well-supported by 33% of educators.
  • Instructors in academic institutions are apprehensive about increased engagement in online classrooms, according to 71% of them.
  • Instructors want to improve students’ access to online information, according to 39% of them.
  • Instructors think they need to modify courses to match online mediums in 33% of cases.

Statistics on the Effectiveness of eLearning

  • Participants can acquire nearly five times more content using eLearning than they can with traditional techniques while spending the same amount of time training.
  • For every $1 spent on online training, the organization gains $30 in total productivity.
  • Because it allows them to stay up with industry changes, 72 percent of firms feel that online learning helps them gain a competitive advantage.
  • In comparison to in-classroom instruction, 42 percent of virtual college students prefer online learning to 30 percent of undergrads.
  • Online learners may retain 25 percent to 60 percent more material using eLearning than they can in the classroom, which is only 8 percent to 10%.
  • With online learning, the frequency of D and F grades for certain middle school students is increasing by 30%.
  • Failing marks for virtual education have grown by as much as 70 percent in some areas.

Statistics on eLearning Barriers

  • In 2012, 55% of instructors said they didn’t have enough computers for their students in grades K-12.
  • In the same year, 21 percent of middle schoolers & 13 percent of high schoolers did not have access to a computer.
  • Only 34 percent to 48 percent of science teachers thought the technology was adequate for teaching. 
  • In 2020, one in every three elementary school pupils will finish classwork using a mobile device rather than a computer.
  • One-third of families say they don’t have sufficient space for a healthy learning environment.
  • When compared to low minority schools, high minority schools were 50 percent less inclined to have high internet access.
  • Slow internet access was 50 percent more likely in rural and low-income schools.
  • Provision of high-speed internet is unavailable to 25 percent of Black families & 23 percent of Hispanic households.
  • Nearly 25% of 15-year-olds from low-income families lack access to a computer.

Statistics on eLearning Growth

  • The global online learning market was valued at $187,877 billion by the end of 2019.
  • It had surpassed $200 billion at the end of 2020, and it is expected to reach 376 billion dollars by 2028.
  • The virtual learning market is expanding at a 9.23% compound annual growth rate.
  • Between 2020 and 2024, the eLearning industry in the United States could rise by $12.81 billion.
  • By 2027, the global market for mobile learning might be worth $80.1 billion.
  • The eLearning sector has expanded by more than 900 percent since 2000.
  • The eLearning sector is expected to be valued at $243 billion by 2022.
  • The open digital course market is predicted to be worth 374 billion dollars by 2026.
  • With a yearly growth rate of 23 percent, smartphone learning is among the fastest-growing industries in the distant learning business.
  • Between 2014 and 2018, venture capital investments in European EdTech startups increased by 540 percent.
  • According to recent research, a large number of online course consumers have a traditional degree and are well educated.

Statistics on eLearning Platforms

  • Udemy is the most popular eLearning course site, with over 20,000 content authors and twelve million students.
  • Over 150,000 distance education programs in a variety of professional areas are available on the Udemy platform, including personal development, software, data science, finance, accounting, IT  and many others.
  • Teachable is the 2nd most popular eLearning platform, with over 3 million students and 20,000 different online learning courses. 
  • To date, Teachable and Thinkable have generated $1 billion in revenue for course authors.
  • Tata Interactive Systems is the most recognized course platform in India. 
  • Learning management systems are used by an average of 73.8 million people. 
  • Self-habits, marketing, drink & food, are the most prominent independent course categories.
  • Email marketing is the most prominent program on the Teachables site. 
  • In 2020, EDX will have surpassed 110 million overseas student enrollments, an increase of 29 million from the previous year.
  • MOOC providers acquired 60 million additional students, with Coursera leading the way (which enrolled 50% of them).
  • Udemy’s course consumption of wellness and mental health skills, such as resilience, stress management & anxiety management, increased by more than 1,000 percent year over year.
  • In the technology and software industry, the adoption of listening skills increased by 3,210 percent from 2019 to 2020.

Financial Statistics in eLearning

  • In 2021, eLearning assisted 42 percent of US businesses in increasing revenue.
  • According to research, nearly half of the organizations polled report a gain in revenue as a result of transitioning from traditional training techniques to eLearning.
  • Companies that provide eLearning claim an increase of 26% in revenue per team member.
  • The cost of developing an online program can vary from 144 to 10,800 dollars, based on a variety of factors like the certification offered and the number of modules included.
  • An online course costs on average $177 to develop.

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Conclusion: Online Learning Statistics 2023

eLearning is unquestionably the way of the future in education. As these figures demonstrate, the sector is booming.

It’s a very practical technique to train personnel and improve their knowledge and skills. Not just that, but it has the ability to completely rewrite the rules when it concerns how we think about information transfer.

Sources:

Alisia Emerson
This author is verified on BloggersIdeas.com

With over 15 years of expertise in personal branding, self-development, and financial literacy under her belt, Alisa has earned a reputation as an accomplished keynote speaker. She is also an expert on topics ranging from self-development, Business News to investment and gladly shares this knowledge with audiences through keynote speaking engagements as well as writing craft workshops for local writers' groups and book conferences. Out of her deep knowledge of writing craftsmanship, Alisa also offers online fiction courses to guide aspiring authors to reach success through story composition excellence.

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