Change is coming fast and furious within the online learning industry.
From cloud-based software adoption to video, tablets, and massive online courses, new eLearning innovations have been hard to keep up with.
To help you get a handle on the shape of the online learning market, and prepare for the change ahead, we’ve compiled the top 14 learning management statistics below:
2.The top reason people preferred cloud LMSs over installed solutions was their relatively quicker deployment, while installed users cited low cost for their choice. (Source: Joomla LMS)
3. Users select LMS software mainly based on functionality (53%), followed by price (32%), support (5%), company reputation (3%), and software popularity (3%). Your LMS’s popularity is not worth much if functionality is not your first and foremost selling point. (Source: Capterra)
4. The LMS market will grow from $5.22 billion to $15.72 billion by 2021. This makes sense as more and more companies make the switch to tech learning solutions. (Source: MarketsandMarkets)
5. Online-only learners are projected to make up almost 25% of all students by 2020. (Source: LearningHouse)
6. 8% of companies use MOOC (Massive Open Online Course) platforms and the number is expected to grow in 2017. MOOCs are a great way to boost the rep of your company while engaging a collaborative and equally accessible learning environment. (Source: Towards Maturity)
7. By the end of 2017, 98% of all organizations will use video-based training programs in their digital learning strategies. This strategy should produce large dividends considering the average adult spends up to five hours a day watching videos. (Source: Ambient Insight)
8. 4.6 million college students are taking at least one of their courses online. And this number is expected to grow as universities expand and take on larger student populations. (Source: CertifyMe)
9. And 3.4 million college students take all of their courses online. (Source: LearningHouse)
10. 74% of employees in businesses using LMS systems have a BYOD (bring your own device) policy. It is becoming more and more common for offices to allow companies to learn from the comfort of their own device. (Source: Tech Pro Research)
11. 97% of employees claimed that a tablet adoption policy increased their learning effectiveness. Having tablets in addition to laptops allows a new and exciting platform for people to learn on both in the office and at home. (Source: Dimensional Research)
12. In the past year, 31% of LMS buyers switched to a new LMS system. While the majority of users stay faithful to their original solution, there are always changes made in what users might be looking for and they will change platforms to meet their needs. (Source: Capterra)
13. Large companies make up 30% of LMS buyers. These kinds of companies especially benefit from giving their employees an accessible and standard training environment. (Source: Docebo)
14. As an example, Google has taken advantage of the what LMS platforms have to offer. Google enrolled 80,000 of its employees in Udacity’s HTML5 course. (Source: Extension Engine)
What other crazy numbers and statistics have you come across relating to learning management and online learning? Share your finds in the comments!
Looking for Learning Management System software? Check out Capterra's list of the best Learning Management System software solutions.