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In 2015, the global
eLearning market was reported to hit $107 billion. By 2025, it is expected to
hit a total market value of $325 billion.
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Since the year 2000, the
revenue generation in eLearning industry has grown by over 900%.
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In the year 2017, about
77% of the U.S. companies were using online learning solutions.
These
are some astonishing
statistics by the eLearning Industry, a foremost knowledge-sharing platform and
the largest online community of eLearning professionals. This indicates how
vast the scope of eLearning
solutions is. As a
result, it has evolved as a new business model for start-ups as well as small
and medium-sized businesses.
These
solutions are not limited to just the educational organizations, but largely
used by the businesses as well. Especially during the COVID-19 pandemic, most
part of the population and the organizations are shifting to virtual education
as people are forced to be at home due to lockdowns. Also, a large number of
professionals are opting for their skill-improvement through online courses.
A Glimpse
of eLearning Industry and the
Modern Learner
eLearning solutions have extended the scope of education beyond the
physical boundaries of a classroom. eLearning is nothing but a way of imparting
education of a subject with the use of electronic resources like smartphones,
laptops, tablets, etc. It is a network-enabled transfer of knowledge in the
form of educational mobile apps, online courses, video channels, e-books,
podcasts, games, and online tools.
One such
amazing eLearning app in the market is Mentor-Mentee.
It is a great platform for students as well as corporate professionals for
learning a new language, a new skill, etc. It can be used by individuals for
enhancing their hobbies as well. One can also start mentoring and making money
with this app. It is an excellent app developed by Biz4Solutions, a leading app
development company in Texas.
Also,
eLearning has been a perfect solution for the modern learners. They want
personalized knowledge for any subject at the touch-point of their fingers.
They want to access the required information anytime from anywhere. On-demand
learning is the new face of knowledge gaining. So, let us run through the
benefits of developing eLearning
solutions for businesses.
Advantages of eLearning
Solutions:
- Flexibility in Learning : elearning is highly flexible and convenient for learners. They don’t need to travel for such kind of education as they can do it sitting at the very comfort of their homes. This saves time and money. Also, since there is no printing, it is a cost-effective investment for organizations as well.
- Quick Access to Information: It makes the learning process easier and continuous by providing quick access to the information. These platforms provide the information in easily digested “chunks” of interactive sessions, which makes it a highly efficient learning solution.
Also, these solutions enable communication of the tutors with learners which motivates the learners all the more.
- Interactive Video/Audio
sessions: These
solutions involve interactive slides, videos, games, etc. in the training
courses to make the education fun to learn. It helps the learners to
retain more information and gain better results while improving their
engagement.
- Cater to
Different Age Groups: People of any age, whether small children, youths, old people, etc.
can benefit from eLearning
Solutions. Also, educational institutes, software companies,
manufacturing firms, government bodies, etc. can integrate them for the
students or employees respectively.
- Higher reach to Consumers: Several educational mobile apps provide courses at cheaper rates or
even free of cost which attracts more and more learners.
- Modern Education Techniques: These solutions usually provide updated information. They contain modern educational techniques that are effective and best suited to the technically advanced generations.
Final
Thoughts:
The
eLearning industry is undoubtedly topping the popularity charts as it offers a
plethora of advantages. It has immense business potential and several
enterprises have already started with the eLearning app development projects.
Are
you also willing to develop one?
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