E-learning is used extensively by companies to train their workforce. According to a study conducted by Docebo, the market for self-paced online learning solutions is likely to touch the $51.5 billion mark by 2016, up from $35.6 billion in 2011. The study also reveals that the e-learning market is likely to register a healthy compound annual growth rate (CAGR) of 7.6% during the five year period (2011-16).
Why is e-learning becoming the order of the day? Well, the online training format helps companies impart effective training in a highly cost-effective manner. A study by IBM revealed companies who utilize e-lLearning tools and strategies have the potential to boost productivity by up to 50%. For every $1 that a company spends, it's estimated they can receive $30 worth of productivity.
Check out the presentation Most Widely Rolled Out Programs through E-learning to know more about the benefits of the technology-enabled learning format. The presentation:
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