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Tuesday, March 16, 2010

The Future of E-Learning Is More Growth by David Nagel

According to a new report by Ambient Insight called, "The Worldwide Market for Self-paced eLearning Products and Services: 2009-2014 Forecast and Analysis " 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.

The report said, "The largest expenditures for packaged content in 2009 were made by the PreK-12 and higher education buyers, which accounted for 43 percent of all North American purchases. These institutions combined outspend the corporations. The higher education segment will be the largest buyer by the end of the forecast period driven by the robust expansion of online programs in both non-profit and for-profit institutions. The for-profit institutions are experiencing an explosion in demand and they are outspending their non-profit counterparts."