As per the latest trends, 2016 will be an exciting year in terms of online learning. There are three types of online learning that will shape in the year 2016. The education program that is skill specific which gives specific skills related to technology and platforms. The second one is social learning which will give learning management skills in a social environment. The third one is Learning on the go which will be concentrated on learning management systems available through mobile devices like phones and tablets.
According to New Report by Global Industry Analysts, Inc The global online Learning Market is expected to reach $107 billion by 2016. It is to be noted that the global self-paced online learning market was of $32.1 billion in revenue in the year 2010. In five years the online learning industry grew 9.2%.
The Worldwide Market for Self-paced eLearning Products and Services: 2010-2016 Forecast and Analysis shows that India and China dominated in online learning management system.
Learning Management Systems (LMS) Market Worth $7.83 Billion by 2018 Forecasted in Markets and Markets Recent Report. the worth of Learning Management System was at $2.55 billion in the year 2013 and expected to reach $4 billion in the year 2016
Ambient Insight Premium Report: The 2012-2017 Worldwide Mobile Learning Market Forecast the mobile online learning was at $5.3 billion in the year 2012 and expected to reach $8.7 billion in the year 2016
Strategy consultants Roland Berger reported that in the year 1995, only 4% of US companies offered online learning in their professional development programs while today it is 77%. 3,000 Companies in Europe are involved in the online learning business.
Trainingmag.com reported that 74% of companies currently use Learning Management Systems (LMS) and Virtual Classrooms. 25% of companies currently use Learning Content Management System. 18% of companies currently use Mobile Applications. And it is also predicted that 44% of companies intend to purchase online learning tools and systems. 33% of companies intend to purchase classroom tools and systems. 27% of companies intend to purchase course ware design and presentation tools and software. 18% of companies intend to purchase audio and web conferencing products and systems.