Were you aware that employees who study online require 40% to 60% less time than if they study in traditional classroom environments?
You’ve probably heard about the popularity of online learning or distance education. But there’s probably a lot you don’t know about how technology is transforming how people learn.
Keep reading to learn 5 amazing facts about online learning at home and abroad.
1. Global eLearning Segment Worth Hundreds of Billions
According to one source, the global eLearning segment is on pace for a valuation of $325 billion–yes, that’s billion with a ‘b”–in 2025. So, the online learning trend is far from being a here-today-gone-tomorrow sort of fad. Drilling down further, the source adds that the eLearning market in the U.S. is expected to expand by $12.81 billion between 2020 and 2024.
The size of the eLearning market at home and abroad is reason enough to take notice. eLearning is the answer if you’re ever interested in going back to school without putting your life on hold.
2. eLearning Benefits Companies Big Time
Businesses benefit significantly by leveraging eLearning to train their employees. For example, according to one source, the corporate online learning market is projected to reach $50 billion by 2026. And eLearning uses up 90% less energy than classroom learning.
Another source adds that workers learn five times more course content courtesy of eLearning than they do in the classroom. Yet another source notes that four out of every 10 Fortune 500 companies use eLearning tools regularly and extensively.
Businesses and their staff have much to gain with online learning.
3. Brick-and-Mortar Schools Are Onboard
Brick-and-mortar schools are on the online learning bandwagon as well. According to one source, three in four schools planned to operate online in 2021, and 98% of universities have moved classes online since 2020. Meanwhile, eLearning has revealed a socioeconomic divide since at least one in four students lacks access to resources.
The COVID-19 crisis forced many schools to cancel in-class studies and offer online learning options instead. While some schools had been offering this option before the pandemic, the lockdown orders played a significant role in increasing the spread of online education.
4. 30% of Students Pursue eLearning for Career Change Reasons
Did you know that 30% of online students say the primary reason they opted to earn a degree online is so they can pursue a new career that would net them more money. And 23% say they wanted a career that aligned better with their interests.
5. Online Degrees Cost Less
According to one source, online degress tend to cost less than traditional degrees earned on campuses. Specifically, an online degree costs, on average, some $30,000. Meanwhile, a traditional degree costs, on average, some $85,000. That’s close to three times more.
If you want to earn a degree but don’t wish to graduate with a debt albatross, you’ll want to consider earning your degree online. When you compare an online degree versus an in-class degree, you’ll find that the former will be easier on your wallet. Since you’ll want a degree that is highly regarded by employers, enroll at a college that is accredited.
Have you decided what type of degree you wish to earn? Whether you want to get into the IT field and become a systems analyst or the medical field and become a respiratory therapist, you can do it online.
eLearning has taken the world by storm. Whether you want to study online or not, you must admit that the online learning space is something to be reckoned with. And for the abovementioned reasons, it might be the perfect option if you want to head back to school.
