In this world of technology, we prefer everything to work faster. The smartphone, smart car, smart tv, faster computer and eLearning is our new lifestyle. The value of knowledge increases with time and the way to get it is also changed. E-learning facilitates direct access to information through technology and is one of the most vibrant and promising businesses on the global market. It has the power of video virtualization and artificial intelligence technology, enabling it to be the most compelling new way to improve our education, skills, lives and society. This shift has accelerated the growth of online learning companies by increasing their funding in sales, marketing, and engineering.
Reasons for Popularity of eLearning
E-learning brings passionate learners and willing tutors together on the same platform. Since the year 2000, the growth of the eLearning industry has reached a remarkable score of 900%. It does not only eliminate the limitations of four-walled classrooms and stick to the predefined curriculum, but it is also cost-effective.
E-learning businesses are generating profit in a number of ways. The most common ways are:
- Sale of products like e-Books and e-Courses
- Subscription access to independent online schools
Here are the reasons why the eLearning industry is booming in the year 2021-22.
- Effects of Covid-19 Pandemic
- Students Learn Better With eLearning
- Less Time Consuming
- Over-The-Top Retention
- Accessibility
- Overcome Teacher Shortage
- Cost-effective on textbooks and stationery
- Environmental-Friendly Approach
Related: transforming e-learning through artificial intelligence
Effects of Covid-19 Pandemic
CoronaVirus shook the entire world. There is an urgent need to protect and save our students, faculty, academic staff, communities, societies, and the whole nation. As per the researchers, it is uncertain to get back to in-person teaching anytime soon. This situation challenged the education system across the globe to shift to an online mode of teaching overnight.
Before the Covid-19 pandemic, the growth of the eLearning industry reached $18.66 Billion by the year 2019. That is projected to cost $350 Billion by the year 2025. After the sudden shift from the classroom to online learning because of pandemics across the globe, people are giving a second thought, whether the adoption of eLearning should continue to persist post-pandemic.
Students Learn Better With eLearning
Generally, students can work faster and take in more information with the use of multimedia. It helps to understand all the concepts more practically with real-life models and objects. This way students learn better with eLearning than traditional courses. IBM found that students learn five times more through eLearning courses rather than face to face courses.
Less Time Consuming
E-learning allows learners to access content from anywhere and anytime. It is 60% faster than classes in person. Students across the globe agreed that courses in person are long and tiring. E-learning courses get completed with great speed as it gives access round the clock. It saves the extra hours you spend in a classroom, in transportation and from the other events.
Over-The-Top Retention
E-learning leads to better retention. Modern learners prefer interactive content, watching a video or listening to a podcast. The learners can remember the information better if the contents are more engaging. They can recall and apply the concepts at work only if they enjoy the learning. E-learning has increased transparency between students, teachers and parents. It helps to make improvements in all aspects.
Accessibility
To increase the effectiveness of the learning, the eLearning platform and eLearning content should be accessible. Several standards are to be matched by the eLearning platforms and technologies.
E-learning platforms should match the standards such as :
- Video conferencing with 30 to 40 students
- Discussions with students to keep classes organic
- Good internet connections
- Lectures should be accessible on mobile phones and laptops
- Accessibility of watching recorded lectures
- Can achieve instant feedback from students
- Can take assignments
Overcome Teacher Shortage
There is a shortage of experienced teachers across the county. With eLearning, students learn faster. It saves 40% to 60% of the time and efforts of teachers and learners. E-learning also makes it possible to bring together the teachers and students from distant areas on the same platform. That saves time and energy. Teachers can take more classes than the traditional classroom system, which gradually can resolve the shortage of teachers. The online lecture prepared and recorded by one qualified teacher/professional can reach thousands of students, providing educational material to a broader range of users.
Related : Automate Teaching with Custom eLearning Development
Cost-effective on textbooks and stationery
E-learning ease the studies by providing facilities of
- Completing and submitting the assignments online
- Online exams
- Study materials provided in different formats
- Educational videos and audios
You should go with the renowned company for an eLearning app development, Which provides everything incorporated into a single app. That requires no textbooks or other stationery items. Academic leaders conclude that outcomes of eLearning are the same or superior to face to face education.
Environmental-Friendly Approach
There is no need to cut trees as eLearning requires non or few paper materials and other stationery items. It also saves on transportation which helps to reduce air pollution and saves fuel. 
E-learning is not just a change of technology. Custom eLearning platform redefines the whole education system. It is about how we transfer knowledge and skills. How do we grow kids with values and virtues? How the young generation gets educated and develops working skills for earnings, for life.
