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E-learning by the Numbers: LMS King provides an overview, now and in the future, of e-learning globally

LMS King, one of the world’s premier Learning Management System design companies has released their analysis of e-learning by the numbers globally:

  • Corporate training is a $300 billion industry annually – Not only is e-learning a powerful tool for traditional education, but it has improved corporate training and is responsible for increasing profits in business.
  • The fastest growing e-learning market is Asia-Pacific – Despite the fact that 70% of all e-learning is still in Europe and North America, the Asian Pacific region is growing at a rate of 20% annually.
  • Approximately 18 million college students take classes online – For many colleges and universities, they use a blended education system that uses in classroom, as well as online learning for a complete training system for their students.
  • E-learning can save billions in education, both in traditional education and in corporate training – The ability of e-learning to reduce training costs and education expenses is profound. From salaries to travel to the maintenance of school buildings, e-learning can potentially save billions in expenses.
  • Global education is affordable with e-learning – Many areas in the world that have not traditionally been served with education services might be able to teach students inexpensively.

“The importance of e-learning globally can’t be underestimated,” Robert Joyce, founder and CEO of King Products, said. “Around the world, online learning is changing education and corporate training programs, making it easier and less expensive for people to receive great educations.

“Each year, more and more people learn the things they need to know from the comfort of their own homes or an office at work. The days of needing to put together expensive seminars, conferences or having to fly hundreds of people around the world are gone,” Joyce said.

With Self-Paced E-learning alone expected to reach revenues of $51 billion by 2016, the continued growth of e-learning is huge and the need for effective and up-to-date learning management systems is imperative.

King Products, as a leading designers of LMS systems, continues to grow and improve their software to meet the needs of their customers. Adding additional functionalities, providing free plugins and components, and offering multiple levels of their LMS allows King Products to meet the needs of every one of their clients. Paired with a great customer-centric philosophy, King Products is a leader in making e-learning a growth industry.

King Products was founded by Robert Joyce, after he gained years of experience working in the IT field. King Product’s Learning Management System (LMS) has been in development for four years. Today, King Products offers four different levels of LMS to meet the needs of all of their customers. They also offer world-class customer support, to guarantee that the customer’s experience is positive and productive.

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If you would like more information about this topic, please contact Robert Joyce at [email protected]

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