Daily updates of news, research and trends by UPCEA
Click on the URL at the end of posting to visit the relevant article or website mentioned in the post.
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