Udemy sees 200% rise in revenue, online learning demand increases

Natalie Marsh for PieNews.com writes: Online learning platform, Udemy, has seen an increase in revenue of 200% year on year, as the demand for skills-based online learning increases.

Udemy, which launched in 2010 in the US, provides free and paid-for online courses tailored for skills-based learning in subjects including language learning, office productivity and IT and software.

“We expect the gap will continue to grow between the practical skills people need and what they learn in their school years”

Courses are created by instructors themselves, who receive all of the revenue, minus the payment fees, if they bring students to their course, or half of the revenue if students were brought in by Udemy.

The revenue increase of the platform overall has risen since last year, when it was displayinga growth of 160%.

Shannon Hughes, senior director of marketing at Udemy, said there has been an increasing need for more skills-based learning, as jobs are changer faster than traditional education systems can keep up.

“People need to continue to learn for the rest of their lives, regardless of whether or not they have a diploma or degree,” she told The PIE News.

“Because the skills people need for their jobs are changing so fast, we expect the gap will continue to grow between the practical skills people need and what they learn in their school years.”

According to DistanceLearningPortal.com, the UK showcases the highest demand for online education, accounting for 15% of the demand worldwide.

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