Elearning! Magazine: Building Smarter Companies via Learning & Workplace Technologies.
Issue link: http://elmezine.epubxp.com/i/133739
The wh Growth of GLOBAL BA E-learning THE $200 BILLION GLOBAL LEARNING MARKET EXPANDS Based on statistics compiled by Londonbased IBIS Capital, market acceptance of e-learning has resulted in increasing use for both large and small companies, not only in the United States, but globally. Companies are now increasing their use of e-learning regardless of size, but 41.7% of global Fortune 500 companies used technology during formal learning hours last year. Te U.S. and Europe account for more than 70% of the global e-learning industry. Te Asian e-learning market is expected to reach $11.5 billion by 2016. 28 April / May 2013 Elearning! U.S. LEARNING U.S. organizations made double-digit cuts in L&D; budgets in 2008 and 2009 and are now in recovery. More than $156 billion was spent on employee learning last year, a 9.5% increase. In 2011, 77% of corporations were using e-learning. Te corporate e-learning market is expected to double over the next three years. In 2010, U.S. frms with fewer than 500 employees spent an average $1,605 per employee on training; companies with 500 to 9,999 employees spent $1,102, and frms with more than 10,000 employees spent $825 per employee. GLOBAL LEARNING Corporate training is a $200 billion industry, of which $26 million is represented by e-learning. In Europe, 51% of companies delivered one training session via e-learning to more than 50% of their employees. Corporations in Spain and the U.K. lead the way with 56% and 53% of learners, respectively, using e-learning. Part of the reason for global growth of elearning is because of the increasing reach of wireless connectivity. For example, South Korea, which has one of the highest-rated education systems, aims to have wireless networks in all schools by 2015, when all curriculum materials will be available in digital form. Other countries (most notably the U.S.) are keen to follow suit. Te implication is that skill sets and