The worldwide spread of the Coronavirus (Covid-19) is having a profound impact on many fields, like healthcare, education, etc.
During the coronavirus crisis, more users have appreciated the convenience of online learning. At the beginning of March, most schools, colleges, and universities around the globe were closed. As of 7 June 2020, approximately 1.725 billion learners have been affected by school closures in response to the pandemic.
The forecasts of market research firm, Global Industry Analysts, show the revenue of e-learning is expected to grow up to $325 billion by 2025 compared to the revenue of $107 billion that edtech generated in 2015.
In this article, we will figure out how the coronavirus pandemic is changing the eLearning sector, whether the adoption of online learning will continue after the pandemic, and how such this shift would impact the worldwide education market.
Short-term impact of Covid-19 on eLearning
Before this breaking global pandemic, eLearning was an established sector. According to Statista, the global e-learning market is forecasted to grow and surpass 243 billion U.S. dollars by 2022. That forecast was made even before the COVID-19 outbreak when online education was not so popular. Now that people have learned how much of their work and studies they can do online, these numbers will probably exceed the expectations.
Education has always been essential for personal and career growth. Thanks to online education people can now study almost anything at any time. According to AppBrain, educational apps have been the most popular category on Google Play as of May 2020. So many users around the world are getting used to eLearning tools for remote course studying.
In the current situation, eLearning has replaced traditional education. But many people think that it is temporary and schools across the world are likely to re-open soon. Does this mean that everything will get back to normal?
It is very unlikely, when the whole world is relying on producing the vaccine. As a result, in the short-term, eLearning solutions that allow anyone to study from home are likely to play the key role in the future of education.
The longer-term impact of Covid-19
The first long-term outcome will be that teachers, students and administrators will understand how difficult teaching online can be. It is a technological, logistical, social and academic challenge.
As a result, many users will look for tools that were designed specifically for online education.
Also, you need to be confident in readiness to deliver your eLearning over a long-term period.
Here are a few additional questions to ask yourselves:
- What features and systems would students and teachers benefit from?
- How could we improve their eLearning experience?
- Could we expand the functionality of our eLearning software to offer more to our users?
Educational mobile apps, online courses and e-Learning websites are all the rage now. And if you are looking for ways to adjust to the new reality in the education industry, our company will be pleased to help you.