Docebo, the global e-learning solutions provider, has published the results of its researches into the current worldwide e-learning market. Entitled ‘E-Learning Market Trends & Forecast 2014 - 2016’, the report aims to help any decision maker needing facts and figures, statements and arguments to prove to stakeholders the added value of e-learning initiatives.
The report endorses the use of online learning technologies to:
• Keep workforces appraised of their job functions’ developing requirements, enabling them to make a positive impact within their organization and help that organization achieve its aims and goals
• Aid succession planning, helping workers to acquire the knowledge and skills to help them progress within their organization
• Allow organizations to keep training budgets under tighter control, develop and retain existing employees and reduce the costs related to external human resources recruitment, selection and on-boarding
Ten highlights from the report are:
1. Within the training industry, the e-learning sector and all its subsectors (packaged content, platform, and authoring tools) - has grown consistently in recent years.
2. There is universal agreement that the worldwide e-learning market will show fast and significant growth over the next three years.
3. The worldwide market for self-paced e-learning, said to be $35.6bn in 2011, is estimated to be growing, overall, at some 7.6% a year.
4. According to recent regional studies, the Asian market is showing the highest annual growth rate, at 17.3%; followed by Eastern Europe, Africa, and Latin America at 16.9%, 15.2%, and 14.6%, respectively.
5. The market for learning management systems (LMS) has exceeded growth predictions in recent years, currently being worth some $2.55bn worldwide.
6. Within the Cloud solutions universe - which is changing the way organizations, employees and partners interact and collaborate - Software-as-a-Service (SaaS) is playing a major role and is helping to increase the size of the e-learning market
7. Surveys show that SaaS brings: speed of implementation; savings on capital expenditures, and savings in terms of operational expenses.
8. The corporate training market is among the most cyclical within the education industry. Since 2010, employers’ spending on training and the amount spent per employee have been declining.
9. However, the corporate market related to outsourced services (net of all ancillary costs) has grown to reach 42% of total expenditure.
10. With the inflow of an estimated $6bn of venture capital over the past five years, e-learning is being driven not only by startup dot-com entrepreneurs but also by big corporations, for-profit spin-off ventures, as well as big and small universities.
Commenting on the report, Claudio Erba, Docebo’s CEO, says: “The report shows that general budget constraints still appear to be the main driver towards using e-learning. However, e-learning is also an efficient and cost-effective solution when workers - especially those in organizations with a widely geographically distributed workforce - need to be brought up-to-speed quickly on relevant knowledge and skills.
“The current speed of change means that employees need to be trained continuously in order for companies to avoid the dangers of being out-thought and out-maneuvered by competitors.
“We believe these training initiatives need to be monitored and managed via a consistent and reliable tracking system which can cope with all the growing number of learning delivery devices now being used, in line with today’s Bring Your Own Device (BYOD) trend.
“This system’s data can be stored, consulted and analyzed as required being used for such things as management reports on productivity and for assessing individuals’ career advancement.”
The Docebo report, ‘E-Learning Market Trends & Forecast 2014 - 2016’, is available, download it here for free.
Docebo (docebo.com) is a disruptive Cloud E-Learning solutions provider that is revolutionizing the online training market with its Software as a Service Learning Management System. Established in 2005, Docebo has over 28,000 installations worldwide, and is sold in more than 65 countries around the world. The Docebo LMS offers an enterprise solution for mid-sized to large organizations. Customers benefit from Docebo solutions thanks to a scalable pricing model, a third party integration (via API), and reliable service available 24/7 to further enhance the user experience.