Growth of V-learning
V-learning has witnessed unprecedented growth in the last decade and is expected to have a bright future, given the pace at which we are adopting technology for learning in every sector. According to the Docebo’s report, the overall e-learning market is expected to reach $51 billion in 2016. The industry grows by 10 percent annually, constantly introducing new improvements and innovations. Let’s see where is this growth coming from
Many players in this sector have changed the way education is distributed by providing university courses online. Companies like Lore.com are changing how we interact by creating a social learning management system. Lore.com is a platform where learners and instructors can share educational content in a social online environment easily. On the other hand, companies such as Quipper and Khan Academy have created learning tools and quiz apps for students to further their knowledge online by completing tests and quizzes online. Although the biggest names in v-learning offer college-level courses and vocational training for adults, in schools as well, online education is growing rapidly through expansion of virtual schools and state and locally-funded charter schools that are paid for, but operate independently from the local school systems.
Visual Learning in Training
The corporate sector has embraced v-learning as a valuable training method for their employees. Reason being its lower cost which is estimated at only fifty percent of the cost of formal education, and the ability to train workers without disruptions in their regular work schedule. It helps them to keep their employees up-to-date with changes in their industry and helps increase their competitive edge in their sector.
Visual Learning in Business
Even the small and mid-sized businesses (SMBs) are not behind in adopting v-learning techniques to train their employees. A report by Dimensional Research says that tablet adoption for business purposes, among small and mid-sized businesses (SMBs), is gaining traction, with 97% saying anytime, anywhere access to data and applications makes employees more effective. International growth of e-learning MarketsandMarkets forecasts the Learning management system (LMS) market to grow to $7.83 billion in 2018, at a CAGR of 25.2% during the period 2017 to 2018. The overall size of the market is equal to the sum of the revenues from academic and corporate users of LMS. The market is expanding in Asia and Eastern Europe. China and India are expected to see explosive growth, over 50 percent, leading all nations. The remaining top ten are Malaysia, Romania, Poland, Czech Republic, Brazil, Indonesia, Colombia, and the Ukraine. In addition to for-profit and traditional schools branching out into e-learning, many open source platforms are expected to become common around the world, in much the same way Wikipedia has become a default crowdsourced encyclopedia.