Rising smartphone and Internet penetration coupled with the need to upskill employees and train remote workforces is driving growth in the global e-learning market.
The global e-learning market is forecast to witness a period of lucrative growth over the coming years owing to factors such as increasing smartphone and Internet penetration, according to research by Graphical Research. High demand for advanced learning techniques across the corporate sector, and rising government support for the use of digital learning technologies, are also vital parameters that will help increase the popularity of digital learning.
Today, a growing need to offer efficient learning programs that deliver skill-based training to workers across the corporate sector is being seen worldwide. Supported by rapidly improving Internet infrastructure, this is effectively fueling the adoption of mobile and online learning, which is having a positive impact on e-learning industry revenues.
Apart from helping employees upgrade their skills, e-learning solutions also help enterprises record precise information, as well as document employee performance in an effort to enhance their work efficiency. Additionally, these solutions allow employees to give feedback in real time, helping enhance the e-learning experience further.
A growing number of large corporate enterprises are adopting innovative e-learning platforms to meet the need to deliver efficient training to their globally distributed workforce. Given their online nature, e-learning platforms allow companies to train their remote workforce, which includes employees working in manufacturing facilities or in the field in a uniform manner.
Meanwhile, the new work conditions created by the ongoing COVID-19 pandemic are expected to prove beneficial for the overall e-learning market. Numerous educational institutions and corporate organizations are adopting digital learning solutions to impart training and knowledge while ensuring social distancing.
These solutions also are being used to provide up-to-date knowledge to train front-line workers around the globe. Recently, the World Health Organization (WHO) started offering crucial e-learning courses through its portal to front-line healthcare workers to teach them hygiene, treatments, and preventive measures to be taken while taking care of patients. Such emerging initiatives are likely to further diversify the revenue streams for the e-learning industry.
