The worldwide market for eLearning is has grown significantly over the past 10 years and it doesn't look like it’s going to slow down anytime soon. In 2011, the worldwide market was valued at US $35.6 billion and by 2016 the market is expected to reach US $51.3 billion. As discussed in eLearning Trends in the Fast Growing Education Markets, the leading regional market is Asia Pacific where growth is expected to have the largest aggregate growth rate over a 5 year period at 17.3%. Close behind is Eastern Europe (16.9%), Africa (15.2%) and Latin America (14.6%).
Tags: competency management • Corporate LMS • corporate training • e-learning • elearning • learning management system • LMS • workplace elearning