Saturday, September 10, 2016

Self-Paced ELearning Market in Steep Decline, Report Says - Richard Chang, THE Journal

The worldwide self-paced e-learning market is declining at a precipitous rate, according to a recent report released by Ambient Insight Research, a Washington state-based market research firm. According to the study, the global compound annual growth rate for self-paced e-learning products is clearly negative at -6.4 percent over the next five years. Revenues are expected to drop dramatically to $33.4 billion by 2021, a decline of $13.5 billion over the forecast period. Revenues for self-paced e-learning in 2016 are heavily concentrated in two countries — the United States and China. The growth rate in the U.S. is at -5.3 percent, representing a $4.9 billion drop in revenues by 2021, while in China, the rate is at -8.8 percent, representing a $1.9 billion drop by 2021. The e-learning market in China has deteriorated rapidly in just the last 18 months, the report said. Revenues for self-paced e-learning will drop $6.8 billion over the next five years in the U.S. and China combined, according to the report. https://thejournal.com/articles/2016/09/01/global-elearning-market-in-steep-decline.aspx

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