The growth of online education is not surprising. Taking online courses was becoming more and more popular among students even before the COVID-19 pandemic.
A brief about The Average Dropout rate of online education course is 96%:
How much, though, has online education actually added? Should a creator or businessperson use their time to develop online courses for their target market? You can gain insight into the market demand by being aware of the online education statistics shown below. Therefore, let’s begin.
According to a Syngene study from 2019, which looked at North America, Europe, Asia Pacific, South America, and the Middle East & Africa, the global e-learning market is anticipated to develop at a rate of 9.1% from 2018 to 2026, reaching a market value of $336.98 billion.
Only 47% of students in Mongolian studies of 6846 students were aware of MOOCs, leaving a sizable market for them still untapped. The outcome was similar in Egypt, where 2700 medical students were chosen at random, and only 1 in 5 of them was aware of MOOCs.
According to Class Central research, 2.8K courses were added to the MOOC market in 2020 as a result of the COVID-19 epidemic, and this figure will rise to 16.3K.
Early enthusiasm for massive open online courses, or Moocs, was mostly focused on how they may revolutionize and democratize education by taking courses from prestigious colleges accessible to the general public. One obstacle, though, has long stood in their way: hardly anyone who begins a Mooc finishes it.
Researchers at the Massachusetts Institute of Technology discovered in a recent study that online courses had an astonishingly high dropout rate of 96% on average across five years. The study, which looked at users of MIT and Harvard’s collaborative online learning platform, edX, who registered and viewed a course there, also discovered that this number did not change between 2013–14 and 2017–18.
According to a 2018 Teachers College at Columbia University study on edX and Coursera courses, MOOC Certificate programs have a completion rate of 15% or less.
According to this statistics from 2015, these rates can reach 40%, but they often stay at 15%. The state of affairs has essentially remained unchanged. The Massachusetts Institute of Technology recently published research in 2019 that found the average dropout rate for online courses over the previous five years was an astounding 96%. Since more than six years ago, the high dropout rate has not decreased.
This indicates that while MOOC enrollment has increased and people are enthusiastic about them, the courses are still largely unfinished. But is the completion rate a reliable indicator of a MOOC’s success?
Engaged learning, agency, and assessment are the three underlying satisfaction components, according to a study from the University of Central Florida.
Online learning gives you the opportunity to study a subject you’d be interested in within driving distance of your house, which can also lead to a full degree.
It’s possible that MOOCs are getting smaller and less open. They still have a lot to offer students, though.