Worldwide eLearning Market Grows to $27.1 Billion in 2009
Ambient Insight report states that the worldwide market for 2009 self-paced E-Learning Market and services grew to $27.1 billion. The international demand for online learning is growing by 12.8% and revenues will reach $49.6 billion by 2014.
North America will be the top buying region in the 2009-2014 timeframe. Asia will be the fastest growing region, however with a growth rate over 33%. By 2014 Asia will overtake Western Europe as the 2nd largest market for E-Learning.
The demand in Eastern Europe is growing by 23%. Belarus and Ukraine have established themselves outsourcing hubs for e-learning. Latin America is growing at 19.8%--however, to date Latin America imports most of it's E-learning.
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Worldwide eLearning Market Surges to $27.1 Billion in 2009