24 corporate digital learning facts & stats in 2024
In the ever-evolving business world, corporate digital learning has emerged as a pivotal force, reshaping how knowledge is delivered and acquired in the workplace.
As we step into 2024, the landscape of corporate digital learning continues to expand, driven by innovative technologies and shifting organizational needs.
This article delves into 24 key facts and statistics that underscore the growth, challenges, and transformative potential of digital learning in the corporate realm. These insights not only reflect the current state of the industry but also offer a glimpse into the future of corporate learning.
1. Global market expansion
The corporate digital learning sector is set to expand significantly, with projections indicating a surge from $86.78 billion in 2018 to an impressive $153.41 billion by 2028. This represents a77% growth, propelled by a robust 14.3% CAGR from 2023 to 2028 and a notable year-over-year increase of 13.82% in 2024 alone (Technavio).
2. Rising adoption
Digital learning is gaining widespread acceptance in the corporate world; with a staggering 93% of businesses globally planning to integrate the discipline this year. Notably, 4 out of 10 times, firms utilizing eLearning tend to outperform their counterparts financially. Thus, this adoption trend emphasizes the tangible benefits of this educational approach (Radixweb).
3. Mobile learning surge
The global mobile learning market is anticipated to grow by $46.9 billion in 2024. Employees engaging in mobile learning report a 43% boost in productivity, and 70% are more motivated to complete courses on mobile devices (Gitnux).
4. Microlearning breakthrough
Microlearning is revolutionizing online training, enhancing long-term memory retention, and boosting focus by 80%. Moreover, it is reported to quadruple engagement and completion rates compared to traditional digital learning methods (LLC Buddy).
5. AI’s impact
AI-driven corporate learning solutions have been instrumental in elevating employee engagement by 20% and enhancing knowledge retention by 15% in various organizations (Edly).
6. VR and AR efficacy:
VR-based training programs are making a significant impact, boosting learners’ confidence in applying knowledge by 275%, a figure that notably surpasses traditional digital learning methods by 35% (PwC).
7. LMS dominance and evolution
In the US, 89% of businesses employ enterprise learning management systems (LMS) for their digital learning needs. However, the emerging Learning Experience Platforms (LXP) are expected to challenge the LMS industry with a projected 25% CAGR by 2026 (Radixweb).
8. Gamification gains
66% of employees believe that game-based learning, especially prevalent in Western Europe, is linked to reduced stress and higher employee retention. Subsequently, 70% of the Global 2000 companies have now incorporated gamification into their learning programs (EarthWeb).
9. Video-based learning benefits
Organizations employing comprehensive digital learning with video elements witness a 218% increase in revenue per employee (Panopto).
[How computers add value to business: Modeling & Decision-making]
10. Personalized learning pathways
Adaptive learning techniques, powered by AI, are being adopted by 33% of learning experts to customize the digital learning experience for corporate training participants (Docebo).
11. Prioritizing human skills
59% senior executives and 8 out of 10 employees globally agree on the paramount importance of human skills in corporate digital learning. Accordingly, the areas of focus are creativity, persuasion, collaboration, adaptability, and emotional intelligence (Zipdo, Ciphr).
12. High ROI in digital learning
Corporate digital learning initiatives are yielding substantial returns, with a reported 353% ROI, translating to $4.53 for every dollar invested (Accenture).
13. Online course completion trends
Cohort-based courses demonstrate exceptionally high completion rates exceeding 90%, compared to minimal rates for self-paced courses. Moreover, engagement tools and strategies like live session hosting, peer collaboration, feedback mechanisms, gamification, etc., play a crucial role in this success (Educate Me).
14. Digital learning and employee retention
Providing digital learning opportunities is linked to a 60% increase in employee retention, with various self-paced digital learning formats like webinars, eBooks, videos, etc., offering flexibility (Zavvy).
15. Rising demand for online certifications
The Professional Certificates market is expected to reach 70.6 million users by 2028, highlighting the growing importance of digital learning through accredited online certification programs (Statista).
16. Digital learning objectives
Skill gap closure remains the primary goal for 61% of corporate Learning and Development experts, alongside driving organizational growth (46%) and enhancing employee engagement (44%) and job satisfaction (34%) (Exploding Topics).
17. Remote learning post-pandemic
Remote digital learning technologies have become crucial in addressing skill gaps, particularly in the post-pandemic era where remote work and unemployment have risen (McKinsey).
18. Interactive technology growth
Interactive Learning Technologies, including Augmented Reality (AR) and Virtual Reality (VR), are projected to significantly increase revenue by USD 700 million by 2025, and enhance 23 million jobs globally by 2030 (Skill Lake).
19. Emphasis on cybersecurity
Investing in cybersecurity training reduces security risks by 70%, with various digital training formats and workshops available to keep professionals updated on the latest trends and techniques (Beyond Encryption).
20. Learning analytics advancements
Learning analytics have made a marked difference in shaping organizational strategies and refining learning initiatives. Additionally, research highlights that organizations improving their learning analytics capabilities in the last two years have seen significant advantages. Notably, 59% have gained recognition as strategic partners in their organizations, 52% have enhanced their learning programs based on initial outcomes, and 44% have a clearer understanding of their learning initiatives’ success or failure (Brandon Hall Group).
[Transforming L&D: Mastering Analytics for real-world impact]
21. Social learning effectiveness
86% of employees find collaborative learning essential for skill acquisition, with social learning accounting for 75% of workplace knowledge gain (Growth Engineering).
22. Continuous learning
Short, focused digital learning modules are gaining popularity, reflecting a commitment to continuous learning and skill development in alignment with evolving business needs, as evidenced by 67% of companies (Thinkdom).
23. Evolving corporate learning techniques
Learning experts advocate for a blended approach, combining in-person and online learning, as the most equitable, effective, and productive method. Thoughtfully designed learning materials enable learners to optimize their training experience, leading to enhanced learning and improved outcomes (Gartner).
24. Topical prioritization in digital learning
Leaders in Learning and Development from organizations with over 1000 employees in North America and Europe reveal insights into the most valued workplace skills. Technology and software skills, including AI, are at the forefront with 41%, marking a significant 17% rise from 2023. Close behind are soft skills training at 38% and role-specific training at 23% (Elucidat).
Conclusion
As we navigate through 2024, these 24 facts and statistics paint a comprehensive picture of the dynamic landscape of corporate learning. From AI and VR to microlearning and gamification, the way we learn and teach in corporate environments is undergoing a profound transformation. As digital learning continues to evolve, it offers an exciting opportunity for organizations to foster a culture of continuous learning and adaptability, ultimately driving growth and innovation. In this rapidly changing world, the ability to learn and adapt is not just an asset but a necessity. The future of corporate learning is here, and it’s digital.
