Did you know that money spent on “self-paced” eLearning across the globe reached more than $58 billion in 2013? If that sounds like a lot of cash, consider this – that number could actually double within the next two years.
That’s how hot eLearning technology is today, according to a recent infographic from eLearning Industry titled 10 eLearning Statistics for 2014.
“Corporations now report that eLearning is the second most valuable training method that they use,” writes eLearning Industry founder Christopher Pappas in a related blog post. “This is no surprise, given that eLearning saves businesses at least 50% when they replace traditional instructor-based training with eLearning. Not to mention that eLearning cuts down instruction time by up to 60%.”
At this point, the value of eLearning programs for corporate training is well documented, but it’s still impressive to see just how big the industry has become. It seems clear that companies no longer need to be convinced of investing in eLearning; the focus instead has shifted toward doing it better and more efficiently.
The rapid growth trends also show that businesses are simply looking for ways to do more of it. Another interesting tidbit from the graphic states that nearly 25% of all employees leave their jobs because there just isn’t enough training and learning opportunities available. Take that stat with a grain of salt if you will, but it at least shows that today’s workers not only prefer high-quality eLearning at their companies – they expect it.
For more eLearning stats for 2014, take a look at the full infographic below, and check out the Brainshark Learning Cloud for details on how online video presentations can help increase the impact of your formal and informal training programs.