According to Statista, the global market share of workplace L&D was over $357 billion in 2020. Furthermore, a report by Allied Market Research shows the global eLearning market is expected to reach a value of over $840 billion by 2030 while growing at a CAGR of 17.5% between 2021 and 2030.
Another interesting report reveals that the average annual spend on L&D per employee in the U.S. is $1,472 – up from 42% in 2019. Moreover, a new Capterra survey shows 49% of organizations increased their L&D spend in 2022 – up from 41% in 2021.
But is this really worth it?