The new decade is just around the corner, and the countdown to the photo has already started for future eLearning trends. eLearning Professionals to focus on 7 key points
- A research and market report suggests that the global e-learning industry is expected to grow from $176.12 billion in 2017 to $398.15 billion by 2026 with a 9.5 percent CAGR.
- Around 77% of American companies used online learning in 2017
- According to a survey conducted by Towards Maturity in 2011, 72% of the 600 businesses surveyed said that digital technologies such as mobile learning, eLearning, etc. helped their organization respond faster to the change — an increase of 11% last year.
- The self-paced eLearning software market in 2016 amounted to US dollars 46.67 billion and is expected to decrease to US dollars 33.5 billion in 2021.
- An Edgepoint Education report shows that by 2025 39% of millennials want more virtual education in the workforce
It is obvious from this growing number that in order to stay ahead of the competition and develop their current products, one needs to know the industry trends. So let’s look at these big drifts that change the game:
LXPs are going to play a major role
Learning Management Systems at the next stage (i.e. User Experience Platforms) have already created a buzz in terms of providing users a personalized, interactive, online learning experience. Especially by large enterprises, these AI-powered learning media are expected to be adopted extensively. World-renowned industry analyst Josh Bersin investigated more than 20 different vendors and concluded that the $350 million mark has been passed by the LXP market.
Evaluation of learners and reporting will be a popular feature
The conduct of learners is an important facet of eLearning. For organizations, it is important to find out which courses are famous, what is the rate of completion, who are positive learners, where the learners face problems, etc. Learner analytics finds answers to these questions and enhances training. LMS platforms embedded with Experience API (xAPI) registering learner activity and storing data will be on high demand from the beginning of next year.
User-Generated Content Will Be Prevalent
According to a study from Towards Maturity, a 38 percent increase in User-Generated Content was reported in 2017. With this huge leap, it is apparent that businesses are moving towards a more inclusive approach to learning and sharing knowledge. In addition, the same report states that the use of custom-made content from external suppliers dropped from 64% in 2014 to 52% in 2017. This evidence clearly shows that companies prefer to distribute User-Generated Content in eLearning solutions rather than from elsewhere.
The quality of the video will flourish
Videos have become today the internet’s most common component. Insivia data suggests that the video content posted over an average month is higher than the number of videos produced in 30 years by all 3 major US TV networks. Therefore, we anticipate that this inclusive and engaging content type will be a key part of workplace learning in 2020. Whether it’s live streaming, video assignments, expert advice or practice demonstrations, videos can create an interactive learning experience that simulates learning.
AR, VR, and MR are going to be embraced
Today, visual learning is becoming normal. Virtual computing, virtual reality, and mixed reality pave their way slowly through eLearning platforms. Several Fortune 500 companies, such as Boeing, UPS, and Walmart, have already massively applied VR to staff education programs. Although embedding these modes of technology is quite expensive, they produce enhanced learning experience and performance support.
The skills of work and life will be the focus
Organizations such as Towards Maturity, Deloitte, and LinkedIn Learning concentrate on topics such as problem-solving, communication skills, teamwork, and digital learning leadership management. These are commonly referred to as work-life skills that empower people in different roles to excel and adapt to change. In the world of eLearning, these work-life skills will continue to be a highlight for the coming year, particularly by companies that want to retain staff and ensure future success.
Encourage successful mobile learning
Data shows that mobile learning applications are subscribed to by 600 million people worldwide. The market for products and services for mobile learning is expected to grow by $70 billion by 2020. These statistics clearly show why mobile learning is favored by the eLearning industry, which guarantees on-demand and huge potential. In addition, producing a piece of content that works seamlessly across all smart devices is very simple.
To sum up these developments, it is expected that eLearning will become sophisticated and successful in the coming year. Whether it’s job preparation for graduates or online learning, traditional teaching approaches in the classroom will slowly fade away.
To order to be well-positioned in this competitive cut-throat environment, it is important to become proactive and learn about these changes. Nevertheless, seeing these new developments in the industry at the dawn of 2020 will be fascinating.