World Market for E-Learning to Exceed $52.6 Billion

Posted on
Share on Google+Share on LinkedInShare on FacebookShare on RedditTweet about this on TwitterEmail this to someone

San Jose, Calif. — Aug. 22
With rapid changes in training techniques and nature of workforce, information and communication technologies (ICT) play a critical role in the overall learning process.

In a bid to stay in the aggressively competitive environment, the corporate world is sharpening its focus on cutting-edge technologies such as e-learning.

Corporate e-learning solutions increasingly are being incorporated in a wide range of informational and training applications.

In terms of total time spent (in hours) on training, e-learning emerged as the second-most employed method for imparting learning in organizations.

The process is quickly gaining ground among the primary, secondary and higher education sectors.

Increasing number of offerings from content, service and technology providers is widening the choice of learning solutions, but lack of interoperable standards among e-learning solutions and technologies is a major obstacle to growth.

The United States is the single largest e-learning market worldwide, with revenues exceeding $17.5 billion in 2007, as stated in a recent report published by Global Industry Analysts Inc.

Although offering promising growth prospects, Europe and Japan lag the learning curve with a substantially smaller market size.

The globalization trend is expected to spur faster uptake in the Asian market, which is projected to register a CAGR ranging between 25 percent and 30 percent through 2010.

The overall e-learning market at the global and regional levels is expected to grow at CAGRs ranging between 15 percent and 30 percent.

The United States retains its dominance in the corporate e-learning market with a share of more than 60 percent. Europe is the second-largest market, with a share of less than 15 percent.

The e-learning market is highly fragmented and is characterized by the presence of key and niche players, which include online and brick-and-mortar companies.

Intense competition and relatively lower margins resulted in a wave of consolidation, with a significant number of smaller players leaving the business or getting acquired by the giants.

Consolidation has emerged as a new buzzword in the intensely fragmented LMS market, with larger players preferring the mergers-and-acquisitions route to gain competencies and market leverage.

“eLearning: A Global Strategic Business Report,” published by Global Industry Analysts Inc. provides a comprehensive review of market trends and issues, drivers, challenges, technology profile, end-users, standards, players, competitive landscape, new product developments, recent developments, mergers, acquisitions, alliances and other
strategic industry activities.

Analysis is presented for major geographic markets such as United States, Japan, Europe, Asia and rest of world. Analytics are provided independently for ‘(total) e-learning’ and ‘corporate e-learning’ segments.

Share on Google+Share on LinkedInShare on FacebookShare on RedditTweet about this on TwitterEmail this to someone


Posted in Archive|