The eLearning industry has been growing rapidly in recent years and is expected to continue to grow in the coming years. Here are some statistics and trends:
Market Size
According to a report by Global Market Insights, the eLearning market size was valued at over USD 200 billion in 2019 and is projected to grow at a CAGR of over 8% from 2020 to 2026.
Increasing Demand
With the COVID-19 pandemic, the demand for eLearning has increased significantly. According to a report by ResearchAndMarkets.com, the global eLearning market size is expected to grow from USD 176.12 billion in 2020 to USD 398.15 billion in 2026, at a compound annual growth rate (CAGR) of 14.6% during the forecast period.
Mobile Learning
The growing use of smartphones and tablets has led to an increase in mobile learning or mLearning. According to a report by Ambient Insight, the global market for mobile learning products and services is projected to reach USD 37.6 billion by 2020.
Personalized Learning
With the help of artificial intelligence (AI) and machine learning (ML), eLearning platforms are increasingly offering personalized learning experiences to learners. This trend is expected to continue as AI and ML technologies continue to evolve.
Gamification
Gamification, or the use of game elements in non-game contexts, is also becoming increasingly popular in eLearning. According to a report by MarketsandMarkets, the global gamification market in education is expected to grow from USD 450 million in 2015 to USD 1.8 billion by 2020.
The Shift to eLearning for Corporate Training Programs
The shift to eLearning in corporate training has been a major trend in recent years. Here are some reasons why:
Cost-effective: eLearning is often more cost-effective than traditional classroom training because it eliminates the need for travel, facilities, and instructor fees.
Flexibility: eLearning allows employees to learn at their own pace and on their own schedule, which is especially important for employees who work different shifts or in different time zones.
Scalability: eLearning can be scaled quickly and easily to accommodate large numbers of employees or multiple locations.
Consistency: eLearning ensures that all employees receive the same training content, which can help to ensure consistent performance across the organization.
Measurable: eLearning can be tracked and measured through learning management systems, allowing managers to see who has completed training and how well they performed.
Engaging: eLearning can be interactive and engaging, using multimedia elements such as video, audio, and gamification to make learning more interesting and effective.
Rapidly changing work environment: eLearning can quickly adapt to the changing work environment, enabling companies to deliver up-to-date training content to their employees.
The increasing demand for eLearning-based corporate training programs has created a significant opportunity for any company that can provide the technology, content, and services businesses need to run an effective program.
The LMS Portals eLearning Partnership and Reseller Program
At LMS Portals, we provide our clients and partners with a SaaS-based, multi-tenant Learning Management System (LMS) that allows you to launch a dedicated training environment (a portal) for each of your unique audiences.
Our platform is ideal for our eLearning partners and resellers as it allows you to launch a private, customized portal for each of your corporate clients.
The platform includes the following powerful tools:
Customized Portals
The LMS Portals multi-tenant architecture allows the platform administrator to launch new customized training portals on-demand.
Course Authoring
The LMS Portals embedded course authoring tool enables most anyone to build engaging courses quickly and easily using existing digital content, such as videos, PDFs, SCORM files, PowerPoint presentations, and more.
Learning Paths
The learning path development tool allows you to group courses for delivery in a logical progression. This adds structure to your training program and ensures a level of foundational knowledge before introducing more complex topics.
Blended Learning
In addition to on-demand (asynchronous) training, the platform supports live remote (synchronous) training. The combination is referred to as Blended Learning and is considered a best practice in corporate training.
Virtual Coaching
The LMS Portals platform includes tools to support virtual coaching in one-on-one or small group environments.
Social Learning
The platform includes the ability to launch online Discussion Boards to add a social element and opportunity for collaboration to your training programs.
Certificates
If you choose to, you can award branded certificates for the completion of courses and learning paths. Users then have the ability to share their certificates on their social networks.
Contact us today to get started or visit our Partner Program pages