Mobile learning, social learning and corporate learning are emerging trends that stimulate E-Learning market revenues. The growing demand from different end-user sectors, such as healthcare, to train their employees is driving industry demand. The coronavirus pandemic has further driven the demand for the E-Learning industry among students and corporations.
The impact of COVID-19 on Learning
According to the World Economic Forum, approximately 1.2 billion children were out of classes, with schools closed globally due to the COVID-19 pandemic. As a result, schools discovered distance learning for themselves.
By 2025, there will be half a billion graduates of schools and universities more in the world than today, and current models will have to adapt to provide the necessary scale and quality. Online learning environments offer numerous advantages for learners and teachers.
Some educational institutions are already using E-Learning platforms that teachers can use to provide their learners with material at home. But their number is small, a lot of them are currently facing major challenges and there is a need to catch up when it comes to digital learning.
Crisis provides valuable opportunities
- The coronavirus crisis is an opportunity for educational institutions and companies to advance digitization.
- Communication and knowledge sharing, in particular, can be improved with digital tools.
- The bravest, move project management, HR processes and workplace collaboration to the next level.
Challenges encountered in the orientation towards Virtual Learning
The Education Technology (EdTech) sector is not without its challenges. Parents need to adapt to their children's schooling and employers use virtual platforms to facilitate training, collaboration and meetings. According to last reports, people still show a lack of understanding of EdTech - 13.6% of respondents have never heard of EdTech, while 35.6% have heard of it but do not know what it is. Many teachers (60% in academic schools) consider that there is a lack of training in these new technologies, which means that they are struggling to adapt to them.
It is undeniable that EdTech has the potential to make huge changes in the education system by improving access and increasing immersive, experiential learning opportunities.