World Market for eLearning Projected to Exceed $52.6 Billion by 2010, According to New Report by Global Industry Analysts, Inc.
San Jose, CA (PRWEB) July 26, 2007 -- 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.
United States is the single largest eLearning market (http://www.strategyr.com/MCP-4107.asp) worldwide with revenues exceeding US$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%-30% through 2010. The overall eLearning market at the global and regional levels is expected to grow at CAGRs ranging between 15% and 30%. The US retains its dominance in the Corporate eLearning market (http://www.strategyr.com/MCP-4107.asp) with a share of over 60%. Europe is the second largest market with a share of less than 15%.
The eLearning market is highly fragmented and is characterized by the presence of key and niche players, which include online as well as brick-and-mortar companies. Intense competition and relatively lower margins resulted in a wave of consolidation with a significant number of smaller players exiting 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 M&A route to gain competencies and market leverage. Market participants include Adobe Systems, Apollo Group, Articulate Global, Blackboard Inc, Career Education Corp, Cisco Systems, Convergys Corp, Corinthian Colleges, Corpedia Inc, eCollege, Epic Group, GeneEd Inc, GeoLearning Inc, Groupe Cegos, Hewlett-Packard, iLinc Communications Inc, Inspired eLearning Inc, IBM Corp, IntraLearn Software Corp, Kaplan Inc, KnowledgePlanet.com, KnowledgePool Group, Learn.com, Mentergy Ltd, Microsoft, MiracleMind.com, NetDimensions Ltd, NYIF.com, Oracle Corp, Plateau Systems Ltd, ProQuest Company, Saba.com, SkillSoft.com, Books 24/7, Strayer Education, SumTotal Systems, SyberWorks, Sylvan Learning, Tata Interactive Systems, Telematica Limited, Ken Blanchard Companies, The McGraw-Hill Companies, Thomson Netg, Trivantis Corp, WBT Systems Ltd, WebEx Communications, Zenosis Limited and others.
"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) eLearning' and 'Corporate eLearning' segments.
For more details about this research report, please visit http://www.strategyr.com/MCP-4107.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (http://www.strategyR.com/) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site http://www.StrategyR.com/
###
Related Articles:
IMS Global Learning Consortium Releases Achieving Learning Impact 2007 Report
First annual report on the latest trends in learning, technology and standards sets a higher bar for the use of technology to enable and support learning.
Elluminate Announces Continued Momentum of Ground-breaking Social Learning Network for Education
LearnCentral™ offers educational networking, professional development opportunities, and free virtual meeting and public conference rooms.
Paradigm Learning Live at Virtual Training World: An Online Learning Industry Trade Show and Conference
Join us at our virtual booth on Dec. 10 to explore the latest in discovery learning programs that focus on solving your critical business issues. Learn how to use unique educational games and simulations to build business acumen, project management, leadership accountability, talent management, team-building and change management skills
Texas E-Learning Company MicroAssist Selected to Speak at E-Learning Symposium 2010 in Austin, Texas
MicroAssist's CTO Hiram Kuykendall selected to speak at E-Learning Symposium 2010 (ELS 2010). The ELS 2010 conference will bring together key decision makers with training and development professional in a highly interactive environment.
Free Weekly "Ninja Training Video Blog" for Aspiring "Real Ninjas"
A sensei's mission to provide authentic training for self defense
and enlightenment starts free online lessons of the mysterious martial art
US Mobile Learning Market Reaches $460 Million in 2006
Ambient Insight research identifies top revenue opportunities for m-learning suppliers.
Organization Learning And Learning Organization Part 3
3 Politics and vision
Here we need to note two key problem areas
US Real-time Collaboration-based Learning Market Reaches $2.6 Billion in 2006
New buyers, high margins: Ambient Insight identifies top revenue opportunities for suppliers.
Top 10 Disadvantages Of Distance Learning
Although distance learning offers more people an opportunity to attain higher education, it is not all advantages and benefits Distance learning has costs, requires compromises and self-motivation is essential for success
The SCORM LMS: Compliance for Your E-learning Advantage
E-learning is both advanced technology and a challenge for people who want to learn more and progress in today's business environment. E-learning entails the use of technology to help people learn better: this means making use of the convenience of the online arena in delivering lectures and learning modules for people who have no time to enroll in classes and return to school. It also means making use of different multimedia devices and products to supplement conventional classroom lectures. This can include the use of audio and video files to accompany ordinary classes or schoolwork, which employees might find boring or monotonous.
The Whole Child Learning Company Builds Corporate University for Franchise Owners and Teachers
The Whole Child Learning Company announces a new web-based corporate university for their franchise owners.
Northcentral University and Rio Salado College Announce Online Learning Teacher Education Partnership
Online Learning Agreement Allows Students to Complete Bachelor's Degrees in Education.
Learning Scholars Online Tutoring for K-12 Students Prevents "Summer Learning Loss"
Learning Scholars launched an Online Tutoring summer program to prepare the students better for the next academic year in school. "Summer Learning Loss" is a highly prevalent but rarely addressed phenomenon among school students. Three months of Summer Vacation puts the students academically behind by at least a month in general and over 2.5 months in certain subjects like Math and Reading. Students enrolled in the Learning Scholars summer program of 2007 continued to be enrolled through the following academic year
E-Learning Company Names Sales Director for New Food Safety Training Curriculum
Food safety training and e-learning product line announces new Director of Sales to oversee new training courses.
The Direction of e-Learning
Buzzwords in education have been in existence since the on-set of formal education as we know it today. Many of these terms come and go based on their usage and their context but some terminologies have withstood the test of time. Let us take a look at some of the common terms along with the chronology of how they evolved.