E-Learning International Market
2016 is almost done and the e-Learning market could not have had a better year.
We talked here about the Distance Education market in Brazil and its excellent levels of growth, investment and commitment by an increasing number of students, teachers, universities and companies.
It is no wonder that with access to the internet increasingly facilitated, learning online will be the teaching method more sought by those who do not have time, financial conditions or easy access to educational institutions. But what about the e-Learning International market? How distance education is seen in the rest of the world?
E-Learning International Market: data and trends
A report on e-Learning Market Trends and Forecast 2014 – 2016 released by Docebo, provides a detailed segmentation on business opportunities in Africa, Asia, Australia, Europe, North America and South America.
The research is backed up with facts and figures top trends, topics and predictions for each area, and gives a comprehensive overview on the e-Learning international market:
The adoption of the SaaS (software as service) model is playing a pivotal role in reshaping the entire industry and has a huge influence on increasing the e-Learning market size. Analyst reports show evidence of SaaS Industry growth and this trend will continue for at least the next three years.
There are 3 main reasons for seeing this upswing in SaaS:
- Speed of implementation
- Savings on capital expenditures
- Savings on operational expenses
The online education is done through platforms that operate in SaaS model. These platforms, known as LMS, Learning Management System, are responsible for hosting courses and schools online and offer all necessary resources for the teaching and learning within virtual world.
Major trends in the e-Learning international market
According to the LMS technology become more and more sophisticated, the e-Learning international market changes, evolves and presents the trends that gradually reflect on distance education in different regions of the globe. Check out some of the top e-Learning trends in 2016:
Mobile learning, or mLearning, is one of the main reasons company owners launch learning management systems. These leaders want their employees to have the luxury of accessing training resources on any device, at any time, from any place. It’s estimated that the mobile learning industry alone will grow to over $37 billion by 2020.
Of all the eLearning trends, gamification is perhaps the most fun. After all, who wouldn’t want to spend time gaming? It offers a welcome break from the hectic day. At the same time, gamification in the workplace promotes training and knowledge retention; and it does a great job of bringing elements of entertainment and relaxation to any type of online training.
There is an estimate that, nowadays, people spend more than five hours per day watching videos. Data indicate that the traffic dedicated to the consumption of online videos will reach 80% in 2019. In this reality, there is no doubt that use videos in online classes is an idea that is sure to attract many students.
According to an article published by Learnnovators, Big Data (as it relates to eLearning) is defined as “the data produced by learners interacting with the learning content”. This data is collected through Learning Management System and other media. This year, Big Data has been a big trend in e-Learning international market, and it will continue to be one as time passes.
Employers and employees alike are becoming enthusiastic about competency-based training. This is because it helps employees get promoted quickly. The opportunity to self-assess, determine skill sets, and what skills will be needed to advance one’s career provides motivation for the learner, and greater value for the organization whose learners are more engaged in training and developing demonstrable skills.
As you can see, the e-Learning international market keep growing with optimism, already well established even in the corporate middle.
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