Global and Indian eLearning Industry Market

1. The Global eLearning Industry Market.
   The global eLearning Market is expected to reach $107 billion by 2015 [5]. The global self-paced eLearning market reached $32.1 billion in revenue in 2010 [3], with a five year compound annual growth rate of approximately 9.2%. This means that the self-paced eLearning market should see estimated revenues of $49.9 billion in 2015 [3].
2. Top 10 Growth Rates By Country.
   Growth rate shows how each country adopts eLearning and is a significant indicator since it can reveal revenue opportunities. The growth rate of self-paced eLearning by country is [3]:
   1. India: 55%

Case Study: India

Within ever-increasing government support for eLearning, India is fast becoming one of the world’s leaders in this educational arena. Currently estimated at $20 billion, India’s online education market size is set to increase to $40 billion by 2017. Some of the reasons for this exponential growth include:

• The existing school system: India currently contains over 1 million schools and 18,000 higher education institutions, all of which could benefit from eLearning resources.
• India’s demographics: over 1.2 billion people live in India, and nearly half fall into the target market for education, eLearning, and other online educational resources.

In a country in which roads, transport systems, and wealth vary dramatically by region, eLearning offers a level playing field for all students. Learners in the poorest villages can take advantage of the same educational resources as learners in the most cosmopolitan cities, all thanks to online classes offered at affordable prices.

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