Did you know that online learning improves retention rates while reducing study time by up to 60%?
While some people can’t think outside the box and assume that real learning only takes place in a traditional classroom, others understand that distance or online learning works just fine. As long as the quality of the curriculum isn’t lacking, students can learn from anywhere.
A computer and internet access will help people learn from anywhere. If you’re considering online learning, here are four statistics to know.
1. Online University Education Market Worth $136.8 Billion
When COVID-19 was out of control and government mandates called for staying at home, universities, colleges, and other institutions of education shut down their campuses and went online. So, many students attended lectures, interacted with peers and instructors, and turned in work online.
Online learning was a thing before the coronavirus, but the stay-at-home orders intended to slow the spread of the virus fast-tracked the trend and further popularized remote learning.
According to Statista, the online university education segment is on pace to reach a market value of $136.8 billion in 2025. It adds most of that revenue, specifically $99.84 billion, will be generated in the United States.
While the U.S. is leading the charge, it’s clear that the online learning trend is a global one.
2. User Penetration Rate Will Be 15.9% in 2025
Statista adds that user penetration in the online education segment will reach 15.9% this year. Online education has many applications. Elementary, high school, and post-secondary students can learn online as easily as they can in a classroom. But online learning isn’t just for students.
Employers can leverage the power of online learning for onboarding, training, and more. It can be a useful tool for employers who recognize the importance of helping employees pick up new skills.
Online learning can also be a godsend for people living in remote communities. Technology can offer a more level playing field so that people not close to schools can get the education they need to achieve their personal and professional goals.
Another reason people like online learning is that going this route means they can study without putting their lives on hold. Earning a certificate, diploma, or degree online can be a game-changer. People can study at home or wherever they want and whenever they want. That means they can fit online learning around their lives.
3. 46.5% of Students Prefer Online Learning
According to one source, 46.5% of students prefer online learning due to flexibility and time-saving considerations. While many students still want to learn in a classroom for focus and interaction reasons, many prefer the freedom that distance or online learning affords.
Of course, people who have difficulty getting things done unless someone is looking over their shoulders might struggle with online learning. Self-discipline is a must for that arrangement to work. If you want to study online, you must follow a game plan to get things done.
4. 99% of Organizations Offer E-Learning to Workers
Another source notes that 99% of businesses offer e-learning options to their staff. So, companies that don’t offer e-learning are in the minority. Businesses realize they can save money and time by choosing e-learning over traditional in-classroom learning for their employees. And workers appreciate the streamlined learning format that distance learning offers.
Online learning is here to stay. It’s the sort of trend that has a lot of runway ahead. Whether completing a degree, upgrading your skills, or learning just for the fun of it to enrich your life, you can study online to accomplish your scholastic objectives.