E-Learning to Grow to $212 Billion by 2011
An eMarketer report reveals the global education and training market to be worth roughly $2 trillion. The data, generated by Think Equity Partners and Eduventures, found that the United States already accounts for 37.5 percent of this market, or roughly $750 billion. Brandon-Hall estimates the e-learning sector will grow from $10.3 billion in 2002 to $83.1 billion in 2006, and eventually swelling to over $212 billion by 2011. The trend is evidenced by an 80 percent growth increase from The University of Phoenix Online — whose virtual campuses boasted 72,230 students as of May 2003.
Posted under Statistics & Trends on July 23, 2003.
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