The future of e-Learning is more growth — from The Journal by David Nagel
By virtually every measure, electronic learning is experiencing unprecedented growth and will continue to do so for the foreseeable future. A new analysis and forecast released this month by research firm Ambient Insight bolstered previous research in this area, showing that electronic learning, by dollar volume, reached $27.1 billion in 2009 and predicting this figure will nearly double that by 2014, with academic institutions leading the way.
According to the report, “The Worldwide Market for Self-paced eLearning Products and Services: 2009-2014 Forecast and Analysis,” by 2014, e-learning will reach a dollar volume of $49.6 billion, representing a compound annual growth rate (CAGR) of 12.8 percent over five years. The dollar figures in the research included expenditures in five categories of electronic learning technologies, or “self-paced e-learning products.” These included: packaged content, custom content development services, learning platform and tool hosting services, authoring software and tools, and installed learning platforms.
