Global eLearning Market to Reach $107.3 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on eLearning market. The global eLearning market is projected to reach $107.3 billion by the year 2015, driven by its benefits in the form of reduction in operational costs, flexibility in learning activities, and simplified training programs. The need to address the training and learning requirements of globally dispersed workforce is also driving the demand for eLearning programs.

eLearning: A Global Strategic Business Report

The eLearning market is among the most rapidly growing sectors in the worldwide education and training industry. eLearning holds an edge over other computer-based training initiatives due to its ability to lower costs by centralizing content, reduce logistics costs, facilitate persistent storage, and enable uniformity in content delivery. Continuous developments over the years have allowed eLearning to emerge as a critical medium for learning, allowing companies to lower recurring costs. eLearning also offers additional qualitative benefits, unlike conventional methods, in the form of anytime, anywhere learning, access to worldwide mentoring resources for maximum skill development, administration and control of training calendar from several locations.

The global economic meltdown is proving to be favorable for the Learning and Development (L&D) sector. Faced with the need to retain skilled workers during adverse economic conditions, educational institutions as well as corporations are re-assessing means of imparting academic knowledge and training. L&D sector’s move towards technology-led learning is also driven by the growing proportion of tech-savvy learners, globally. The recession forced global corporations to exercise enormous caution on expenditure and cash. The need for saving expenses forced companies to implement drastic cuts in budgets, including training costs, downsize operations, and review employee salaries. The growing cost pressure and the need for ensuring sustenance of training activities during the recession is fuelling the adoption of eLearning initiatives.

The United States and Europe dominate the global eLearning market with more than 70% share of the revenues, as stated by the new market research report on eLearning. Globalization and the increasing need for companies to remain competitive are favoring a change in working strategies and contributing to changes in corporate training methods. Growth in the eLearning market is also the result of rising Internet usage, and declining telecommunication costs. Asia-Pacific represents the fastest growing market for eLearning, with revenues projected to grow at a compounded annual rate of more than 20% over the analysis period.

Corporate eLearning solutions in the US are being utilized in a wide range of informational and training applications. In terms of total time spent (by hours) on training, eLearning emerged as the second most employed method for imparting learning in organizations. The corporate learning landscape has witnessed massive changes in the recent years, moving towards blended learning and eLearning as compared to the earlier instructor-led training initiatives. The rapid growth of interactive tools such as social networking and Web 2.0 technologies is also influencing the learning landscape. The shift towards technology-centric learning is creating opportunities as well as challenges for the global L&D market.

The global eLearning market is characterized by high degree of fragmentation, and involves the participation of key and niche players. Key players profiled in the report include Adobe Systems Inc., Apollo Group Inc., Articulate Global Inc., Blackboard Inc., Cegos Group, Cisco Systems Inc., CognitiveArts, Convergys Corp., Corpedia Inc., Edvantage group, GeoLearning Inc., Hewlett-Packard Development Company, L.P., iLinc Communications Inc., Inspired eLearning Inc., International Business Machines Corporation, Kaplan Inc., KnowledgePool Group, Learn.com Inc., Microsoft Corporation, MiracleMind.com, Mzinga Inc., NorthgateArinso, NetDimensions Ltd., Oracle Corp., Pharmaceutical Institute Inc., Plateau Systems Ltd., Saba.com, SkillSoft, SumTotal Systems Inc., Sylvan Learning, Tata Interactive Systems, The Ken Blanchard Companies, among others.

The report titled “eLearning: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, product introductions/innovations, and recent industry activity. The study analyzes market data and analytics in terms of revenues for regions including the United States, Japan, Europe, Asia-Pacific, and Rest of World.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/eLEARNING_Market_Report.asp.

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) 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 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of 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
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

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