Not just the business sector, even the education sector was drastically hit by the COVID-19 pandemic. The fact shows the education of more than 1 billion learners worldwide was at risk. Thankfully, an online e-learning platform solution was the best medium to bridge the learning gap amid the pandemic crisis.
The statistics of 2020 show, 55% of learners, worldwide attended the online classroom sessions daily. However, at the beginning of a lockdown, these solutions do not reach 19% of learners from rural areas creating a digital divide. But as time progressed, this 19% is also using eLearning platforms. Now, 90 % of the countries adopted eLearning policies to streamline the learning process. And 83% of countries used eLearning platforms for the same.
Impact of The Pandemic on Best eLearning Platforms
To continue the process of learning amid uncertain circumstances, it is an eLearning platform that provides learning access to educational institutions worldwide. Read on to know what impact they had.
1. Live versus recorded
What do you say about recorded online learning sessions? In-person training was also good, but the pandemic forced institutions and learners to pack them in their comfort zones. It means no learning communication. Thankfully, we are living in a digital era where institutions invested $18.66 billion in 2020 for eLearning.
So, what is the result? Almost 72% of learners preferred from rural and urban areas to acquire education through eLearning. In addition, they opt for online learning in place of conventional learning. The study reports, learners retain 25%-60% more content in online learning in comparison with conventional lectures.
2. LMS is the rising star
LMS (Learning Management System) is a convenient tool to manage eLearning modules, assignments and track learning progress. In a nutshell, it is a popular tool that allows clients to administer the learning program. However, developing such an online e learning platform requires technical expertise. Why not outsource an eLearning platform to save time and effort?
Well, statistics say that 72% of organizations witnessed a competitive edge. Besides, 52% of Fortune 500 companies worldwide utilize the LMS to sustain themselves in the competitive business world. More facts? 93% of organizations use LMS to develop online learning programs.
3. Good growth of the eLearning platforms
In 2019, the eLearning market share worldwide surpassed $200 billion. Now, what was the growth during the pandemic? So, market experts recorded a whopping 100% growth YoY (Year on Year) basis. In fact, new eLearning trends joined the list, which includes:
- Microlearning (Retention rate 70%-90%)
- Mobile learning or mLearning (72% Retention rate)
- Social learning (70% retention rate)
If we look at facts only about mobile learning, it is here to stay with a $63,450 Million market share by 2026. Thus, mLearning has gained more popularity amid the pandemic.
4. Rise of adaptive learning
Adaptive learning makes learners think and implement the acquired knowledge. That is why the adaptive Learning Market Size is expected to reach $9.11 Billion by 2028. By using advanced learning algorithms, clients provide learning solutions to individual learners. It means, these learning solutions emulate one-to-one instruction, which is necessary in today’s corporate world.
This ‘highly impactful’ learning process help organizations building learning strategies. If we talk about facts, it shows the success rate of 60%-70% of learning modules through adaptive learning means.
5. Flexible online learning
The major USP of an online e learning platform is flexibility. Thus, it is 5 times more interactive than a conventional learning medium. Multimedia content with designs and visuals and higher interactivity help clients in tracking learning progress. Also, online learning solutions are accessible from any corner of the world.
Menus, links and URLs are easy to access. As a result, 65% of universities worldwide count on eLearning solutions or eLearning platforms to continue learning amid the pandemic crisis. More facts? One UK survey found, 49.3% of learners expected to learn more after the first lockdown.
It is not losing its relevance
Although every sector is drastically affected due to the pandemic, eLearning has not lost its shine yet! 42% of eLearning companies say that online learning has contributed a major growth in their revenue. Also, eLearning gives $30 dollars in return on invested $1 on learning. They provide accessibility of information, cost-efficient, quick updates on the content.
Moreover, it is one of those sectors that do not dry up with investments. Fresh investments are fuelling up the growth of eLearning platforms.