Future Predictions For eLearning Platforms
Within the vast domain of knowledge acquisition, eLearning platforms emerge as the master craftsman shaping the very foundation of our educational sector. Progressing into the uncharted territories of the future, the change of these platforms transcends the realm of speculation; instead, it emerges as the direct result of thorough research and in-depth analysis. This article delves into the yet-untouched horizons of eLearning, leveraging a wealth of comprehensive research to unveil four ground-breaking predictions poised to revolutionize eLearning platforms in the year 2024 and beyond. Anchored in a fusion of empirical data and innovation, these revelations provide a glimpse into the revolutionary potential of digital education, sculpting the educational sector of generations yet to come.
eLearning Platform Market Size And Predictions
The eLearning industry has seen a surge in the number of prominent users and this has led to an increase in the number of both investors and potential investors looking to become key players. This is expected to be pushed by an increase in the sale of electronic devices, such as smartphones, laptops, etc., making eLearning accessible and more convenient.
According to Global Market Insights, “eLearning was estimated to be valued at $339.3 billion in 2022 and is predicted to increase to about $1 trillion in 2032.” This growth is expected with a Compound Annual Growth Rate (CAGR) of 14%.
The COVID-19 outbreak was a popular factor that led to an immense increase in the market size. This resulted from concerns being raised about the safety of all involved, which further led to a work-from-home technique in order to keep up with the daily operational tasks. What followed was an increase in the demand for online learning platforms for both corporations and small businesses. In order to satisfy this growing demand, most organizations decided that the solution was to establish a personalized learning tool.
Technological Advancements
Artificial Intelligence (AI) and Machine Learning (ML) have stepped into our classrooms, not as teachers, but as intelligent guides. These technologies analyze how students learn, adapting content to suit individual needs. Virtual Reality (VR) [1] and Augmented Reality (AR) have shattered the confines of traditional learning spaces. VR immerses learners in life-like environments, from ancient civilizations to the depths of the ocean, making history and science lessons vivid adventures. On the other hand, AR overlays information onto the real world, creating interactive learning experiences. According to Vision Research Reports [2], “the global AI in education market surpassed $2.48 billion in 2022 and is expected to hit around $53.71 billion by 2032, growing at a CAGR of 36.03% from 2023 to 2032.”
Mobile devices have become our constant companions, and eLearning platforms have wisely embraced this trend. Learning is no longer confined to desks and classrooms; it fits into our pockets. Mobile learning ensures that knowledge is just a tap away, making education accessible to anyone with a smartphone. Whether you’re commuting to work or waiting for your coffee, you can delve into a world of learning, transforming every moment into an opportunity to grow. The Business Research Company has suggested that the global mobile learning market size will grow from $53.94 billion as seen in 2022 to about $199.06 billion in 2027 [3]. This is expected to happen with flexibility, convenience, accessibility, and affordability being the key factors stated by experts.
eLearning Platform User Statistics And Predictions
The growth witnessed is nothing short of remarkable when compared to the pre-COVID-19 years. eLearning user numbers have skyrocketed and this exponential increase underscores the pivotal role eLearning platforms play in fine-tuning the educational landscape. According to the most recent reports available, ProsperityForAll has stated that 73% of students in the USA [4] want to continue taking online classes after the pandemic. This is aided by the fact that most organizations chose to continue using eLearning and eLearning platforms even after restrictions were lifted.
Using Coursera as an example, research made by the World Economic Forum [5] states that “In 2016, 21 million students registered for Coursera’s online courses, a number that increased annually by around 7 million over the next two years. But the switch to remote working as the pandemic hit triggered a three-fold increase in new registrations, bringing the figure to 71 million in 2020, and 92 million in 2021.” There has been a continuous upward trend as seen even after the pandemic and it is expected to continue with the forecasting growth of the eLearning industry. The Online Education market in the USA alone is expected to amount to 77.9m users by 2027 [6].
Government Policies And Initiatives
Across the globe, governments have grasped the game-changing potential of online learning; with well-crafted policies, they’ve nurtured the growth of digital education. Many countries have introduced encouraging policies, simplifying the process for new online courses and platforms. These rules have become the guiding lights for online education; by ensuring quality and accessibility, governments have guaranteed that everyone, no matter their background, can access international-standard education. Standardized curricula and certifications not only boost the credibility of online education but also provide a clear path for learners’ progress.
These efforts had a significant impact. Trust in online learning platforms surged, drawing in more learners. High-quality education has become the norm, breaking down barriers and empowering individuals worldwide. According to UNESCO [7], around 3.6 billion people still lack internet access. For countries with limited internet coverage, the need for distance learning acts as a catalyst for long-overdue shifts in traditional education, embracing a digital future for learning. This report emphasizes the vital role of online learning. To unlock its full potential, there’s a crucial need for enhanced policies and initiatives that nurture its growth.
Conclusion
In contemplation of the educational landscape in the imminent years, the trajectory of eLearning platforms appears to shine brightly as we step into 2024 and beyond. Envisioned through the prism of four well-supported predictions, the horizon of eLearning is distinctly illuminated. It becomes visibly evident that the expanding market, constant technological advancements, growing user numbers, and steadfast government support demonstrated through progressive policies and initiatives, will lead to a significant transformation in education.
Within this landscape of emerging trends, a profound promise unfurls itself—one of enhanced accessibility and immersive learning experiences. It heralds an epoch of transformation in education, where the boundaries of learning are redrawn and the pursuit of knowledge becomes not just a pathway, but a captivating odyssey.
