Current and future trends in the e-learning market in 2021.
Current and future trends in the e-learning market in 2021.
Hello, everyone. This is the Tokyo team of Tatsuno Information Systems.
2020 was a year marked by sad news due to the spread of a new coronavirus.
I don't think anyone could have predicted that such a time would come.
Many companies have turned away from traditional ways of working in terms of infection control, and an increasing number have shifted to remote working.
It was also a year in which the diversity of work styles was questioned, with people moving away from Tokyo and people changing their lifestyles.
More and more educational institutions, such as high schools and universities, have introduced online classes using e-learning instead of face-to-face classes.
The rapid spread of remote work and online learning is forcing a major transformation in society as a whole.
E-learning is slowly becoming a more familiar part of our lives. So how is e-learning changing?
We researched the results of a survey on market transitions.
Content
- 1. Explanation of the current status and future trends of the e-learning market in 2021
- 2. Changes in BtoB and BtoC
- 3. 2021 will see an ever-increasing use of e-learning
- 4. Summary
Current and future trends in the e-learning market in 2021.
Kenneth Research has published a report on "Global Corporate eLearning Market" on September 02, 2020, which consists of in-depth analysis and industry insights for the forecast period 2020-2027.
The global enterprise e-learning market is segmented on the basis of "by training, by end-user, by technology (mobile e-learning, learning content management system (LCMS), virtual classroom, web-based, podcast, learning management system (LMS), and others) and by geography" and the global e-learning market is expected to witness a significant CAGR during the forecast period of 2020-2027.
See also.Kenneth Research
Global Corporate e-Learning Market
The global e-learning market is projected to grow at a CAGR of 131 TP1T to reach a value of USD 93.64 Billion between 2020 and 2024.
The growth of this market is expected to be fueled by increased engagement of students in the classroom through gamification and increased adoption of microlearning.
Regional analysis is considered for key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World.
North America is the leading/key region in terms of market share globally due to the advanced technology infrastructure in this region coupled with the availability of high speed internet connectivity. On the other hand, Asia Pacific is also expected to exhibit the highest growth rate/ CAGR over the forecast period of 2020-2027.
According to Eurostat, the total value of the European ICT sector, including ICT manufacturing and ICT services, is estimated to exceed €475 billion in 2017.
ICT services comprise computer programming, consulting, and related activities and accounted for about 49.1% share in 2017 while telecommunication activities accounted for about 30.3% share in this segment. These factors are estimated to have a positive impact on the growth of the market in the coming years.
Changes in BtoB and BtoC
The size of the e-learning market in FY2019 continues to steadily expand the market due to the steady increase in the number of users and diversification of services offered.
In BtoB, the market is booming from the revitalized investment in corporate talent development.
In fiscal 2019, the domestic e-learning market is expected to grow 7.7% year-on-year to 235.4 billion yen. This includes 68.4 billion yen in the corporate (including individuals within companies and organizations) B-to-B market (up 5.2% YoY) and 167 billion yen in the individual B-to-C market (up 8.8% YoY), both of which are expected to continue expanding.
Source.Yano Research Institute|Results of a survey on domestic e-learning market
In the BtoB market, the diversification of learning tools due to the popularization of smartphones and tablets, the evolution of video content, the evolution of the cloud environment and the ease of use of e-learning, combined with the activation of corporate human resource development needs, has made e-learning more popular than ever before. It's pervasive across industries and companies.
Strong sales growth in the BtoC market
In fiscal 2020, the domestic e-learning market is forecast to grow 4.5% year-on-year to 246 billion yen. The current fiscal year is expected to see an increase in the number of e-learning users as a result of increased demand for distance learning due to the impact of the new coronavirus outbreak in both B-to-B and B-to-C markets.
Source.Yano Research Institute|Results of a survey on domestic e-learning market
The BtoC market has seen a steady increase in the number of users and the introduction of e-learning as a form of personal learning, due to the spread of learning styles using smartphones, tablets and SNS, the evolution of services provided by improvements in information and communication technology, and the emergence of learning services that use artificial intelligence (AI). We are progressing a generalizing environment.
Both the BtoB and BtoC markets are expected to continue to expand in the future.
In 2021, e-learning will be increasingly used
There are many application scenarios for e-learning, which can make full use of multimedia materials such as video and audio as well as text and slides.
E-learning is a form of learning that is still evolving, and it is also a field where new ways of using it are being tested.
E-learning has the potential to provide "optimal learning for each student," which has been a challenge in traditional schools.
Get your certification through e-learning
By offering national qualifications, private courses and certification exams as e-learning, even busy businesspeople can make effective use of their spare time to study, and can use their own free time to repeat the parts they have difficulty understanding.
In the past, it was necessary to attend lectures at certification schools, but now many of these examinations and courses are using e-learning.
Language learning with e-learning
The most common way to learn a foreign language was to make an appointment and attend a school, just like acquiring a qualification.
However, as with the qualifications, it was difficult for working people with jobs to continue attending, and there was also the disadvantage that one-on-one lessons, which increase learning effectiveness, were expensive.
Online learning using e-learning is expected to become the mainstream in the future for language learning where continuous learning is important.
Human resource development through e-learning
In the past, the basic form of learning, including in schools, has been group-based learning, in which the target audience gathers at a predetermined place at a predetermined time.
Corporate training is not always available like a school.
The preparation and cost for new employee and in-house training tends to be high, and the learning progress of each participant cannot be managed.
To solve these problems, the introduction of e-learning has been attracting attention from companies.
E-learning is a great way for companies to educate their employees without overwhelming their work time, and managers can easily track their progress.
In addition to having employees take in-house training courses in business skills, management, and sales, some companies have established their own learning management systems to provide optimized training for employees through original content and other means.
▼ To briefly summarize the features of e-learning
1. to provide the same quality of education to a large number of students
2. to provide the best education according to the learning progress of students
3. Dramatically reduce the cost of education
4. keep education content up to date
Let's create a "Training, Examination and Distance Learning" in the learningBOX!
learningBOX is a LMS dedicated to helping customers build their e-learning easily and at low-cost.
It is an LMS with all the necessary functions for e-learning, including the creation of teaching materials, questions and tests, and grading and grade management.
Things have changed since I used ▼learningBOX! It has improved!
Please feel free to contact us if you have any questions about e-learning implementation. Online meetings for introduction support are also available.
Summary
In this article, we have introduced the current status and future trends of the e-learning market in 2021.
In this age of instant access to information from all over the world via the Internet, it can be said that the globalization of not only the economy but also all kinds of "things" and "things" is accelerating.
The reason why more and more companies are focusing on strategic human resource development is to respond quickly to changes caused by globalization, and e-learning is the best solution to achieve this.
On the other hand, children and students, who will have to cope with the drastic changes caused by globalization, must also develop the ability to think independently and acquire the ability to respond and adapt in a short period of time. I believe that e-learning and adaptive learning are the best solutions for this.
- LearningBOX is upgraded to Ver2.13.
- Dramatic change with e-learning! What are the advantages and disadvantages of implementing
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