World Market for eLearning Projected to Exceed $52.6 Billion by 2010.

This post is from Global Industry Analysts. eLearning has emerged as an imperative tool to impart knowledge in the academic as well as corporate sectors. Given its obvious advantages in terms of cost reduction, simplified training programs, flexibility and convenience, eLearning is poised to become an integral component of information dissemination. Backed by several favorable trends, the world eLearning market is projected to exceed US$52.6 billion by 2010.

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 eLearning. Corporate eLearning solutions are increasingly being incorporated in a wide range of informational and training applications. In terms of total time spent (in hours) on training, eLearning emerged as the second most employed method for imparting learning in organizations. The process is fast gaining ground among the K-12 & universities/higher education sectors. Increasing number of offerings from content providers, service providers, and technology providers is widening the choice of learning solutions. However, lack of interoperable standards amongst eLearning solutions and technologies is a major obstacle to growth. Click here to read the rest of this article.