The Impact Of Online Courses On Student Retention Rates
Technology has improved our lives in many ways, and education is one of them. As more people worldwide spend more time online and enjoy the conveniences that wifi connections offer, eLearning has become a trend in education.
In the past few years, eLearning has grown significantly, showing an exciting future for education worldwide. Several websites offer online class help to students, and if they want online course help, then online platforms have become increasingly popular. In this article, we have put together the final list of eLearning facts for 2023 and a list of top eLearning statistics that helps students and businesses around the world understand the state of the online education industry.
Let’s start learning about eLearning right away!
“eLearning,” which is short for “electronic” learning, was made up in 1999. eLearning, also called “online learning,” means learning from a distance (or remotely) because the materials and training are delivered digitally. eLearning is a wide net that includes everything from online courses for K–12 students to online college courses for adults
This way of learning uses technology like course management systems and other web-based applications. Learners can talk to teachers and classmates through email or chat rooms while taking online classes, downloading resources, and doing other things related to the course.
Students usually only need a device like a computer, tablet, or smartphone that can connect to wifi and a way to learn online. Because there isn’t much of a barrier to entry, eLearning is easier to use and has other important benefits.
How well does eLearning work?
Students retain about 25%-60% more via online courses (Shift Learning)
A study from The Research Institute of America says that eLearning makes it more likely that students will stay in school. When people learn online, they remember 25–60% of what they’ve learned, but only 8–10% of what they’ve learned when they learn in person. Why? Experts say that this is because eLearning gives students more control over the process and lets them go back and review lessons at their own pace.
The most important facts about eLearning in 2023
Since 2000, the eLearning business has grown by 900%.
By 2026, e-learning in corporations is expected to grow by 250% 75% of schools in the United States want to do everything online.
Students remember between 25% and 60% more information from online courses. Corporate eLearning takes 40% and 60% less time than traditional learning.
98% of companies in the U.S. planned to use eLearning. 40% of Fortune 500 companies use eLearning. By 2025, it is expected that eLearning will be worth $325 billion. 90% less energy is used because of eLearning.
General facts about eLearning in 2023
The online eLearning market will be worth $325 billion by 2025. (Forbes)
Experts think the eLearning market will be worth $325 billion worldwide in just three more years. In 2015, industry experts worldwide predicted that eLearning would reach $107 billion, and it did. In short, the market for eLearning has almost doubled in the last ten years.
75% of schools in the United States plan to do everything online (MarketScale)
Industry research showed that three-quarters of schools in the United States plan to operate completely remotely or with a hybrid learning model this school year. Seventy-four of the 100 largest school districts in the United States chose remote learning as their way to teach kids when they went back to school. Almost half of these schools (49%) started the school year with ways to learn from home, and 27% offered hybrid classes.
90% less energy is used because of eLearning (Growth Engineering)
The Open Design Innovation Group did a study that showed that online training programs use almost 90% less energy than training programs in a classroom. This will save a lot of energy since a university can use more than 120 million kWh in a year. By making classrooms less busy, one university was able to save 4,000 hours of electricity. This saved the school thousands of dollars and stopped 19 tons of CO2 from being released into the air.
More than 80% of all online activity is video web activity, and most of those videos are educational or training clips (Finances Online)
So, how do people learn online? Over 80% of the time people spend online is spent watching videos. Most of this time spent watching videos is spent watching learning or training clips. This is good since videos are 9% easier to remember than just text. 70% of employees said they would rather watch a video than read something written.
Statistics on the growth of online education
Since 2000, the eLearning business has grown by 900%. (Skill Scouter)
The eLearning industry has grown by 900% in the last 20 years. If the trend holds, its size is expected to triple between 2020 and 2025. Between 2017 and 2022, the eLearning market was expected to grow by more than $6 billion, which means more money for everyone.
Between 2020 and 2024, the U.S. eLearning market is expected to grow by $12.81 billion (Business Wire)
The market for eLearning is growing at a fast rate. It is expected that it will grow by almost $13 billion between 2020 and 2024. The CAGR for this period of time is over 12%. Adobe, Cengage Learning, Citrix, Houghton Mifflin Harcourt Co., McGraw-Hill Education, Pearson, and other big companies are the main ones driving growth.
Since 2020, 98% of colleges have moved their classes online (Admissionsly)
Almost all colleges and universities now have online classes. By the end of 2021, full-time online classes will be offered at 40% of public universities and 20% of private universities. About 9% of post-baccalaureate students went to school online full-time, and 1% took at least one course online.
Eighty percent of schools have bought or are buying more tech for students (Market Scale)
Schools are taking steps to adapt to the fact that eLearning is now the norm. 80 percent of schools have already bought or plan to buy more devices to help with eLearning. Since January 2020, 200% more new devices have been connecting to the internet for the first time. This is mostly because schools are buying more devices for students to use for online learning.