Why is there demand for corporate eLearning?
The companies are now focusing on corporate management systems which can lead to heightened competence in processes. Using such eLearning systems makes sure that a business can run more efficiently and earn more profits. So, to get ahead of the competition in the market, businesses are making use of such systems, both global and regional companies. Also, the corporate management systems ensure that the business can reduce errors in operation.
The market for corporate learning management systems is also going to expand because now there are various devices on which the users can watch eLearning videos. Such devices are mobile phones and tablets. Also, since the worldwide economy is experiencing a recession, businesses need the training to beat it.
All over the world, companies are taking an interest in using these corporate learning management systems(LMSs). Companies of different sizes need such systems to satisfy their different learning needs. Also, employees are interested in using such LMS to get on-the-job training. An LMS also has the advantage that it can be used from anywhere and at any time.
There is a high demand for e-learning systems in Asia because of the coming up of multinational companies here. They want employees to continuously upgrade their skills due to which e-learning systems are so much in demand here.Employees are also recognizing that with an increase in their skills, they have better chances to get promoted.Videos can also be a part of an LMS.
However, the main reasons for the faster growth of e-learning in education in Asia are:
- Government’s pledge to connect cities for elearning
Japan, India and Hong Kong are some of the few countries which are supporting the vision of “connected cities”, due to which it’s possible that education can be accessed without going to schools, i.e. right from the confines of home. Japan and India both have pledged that the internet will be available to all. Japan has the Broadband Policy which it is aimed to provide the benefits of IT to every Japanese national. India has launched the Digital India policy to provide universal internet access.
- Schools are taking a new approach to education
Schools must be now giving education online. For example, students of the Open University of Hong Kong can now access online education materials without incurring any costs. Apart from that in this country, primary education is also provided to students through online mediums such as video clips. Students can access the mathematics exercises at online forums.
- Content has been digitized
It’s now true that online content is available at various websites all over the world now. Users can easily access these websites on their mobile phones. The government of Hong Kong has also taken initiatives to promote online learning. The Education Bureau of this country launched a scheme called the E-textbooks Market Development Scheme so that non-profit organisations are given subsidies to develop online textbooks for students.
- Can’t pursue offline education
Online schools have been emerging as solutions for students who can’t afford to get admission in conventional colleges due to poor family backgrounds. This is also applicable for students who have to support their families along with the pursuance of education. The worth of online schools in India is 1 billion dollars as estimated by ICEF monitor as of now. Many US-based universities such as MIT are offering online education to Indian students. That’s why there is a huge demand for LMS service providers in India.