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Worldwide and U.S. Corporate eLearning 2004-2008

Authors:
Marianne Hedin, Julie Kaufman, Marianne Kolding, Vladimír Kroa, Venu Reddy, Masami Kashiwagi,
Ana Volpi, Consultant

In corporations around the world today, elearning is regaining momentum lost during the tight budget years of the early 2000s. This is largely due to elearning’s emerging role as the connective tissue that enables meaningful communication and delivery of key information across the enterprise. As elearning providers have improved their understanding of their customers’ business issues, they have become better able to craft solutions that meet  customers’ needs to use elearning to improve actual business performance. As a result, IDC forecasts healthy growth for the worldwide corporate elearning market between 2003 and 2008. From a 2003 size of $6.5 billion and with a compound annual growth rate (CAGR) of 26.6%, the market will reach over $21 billion by 2008. A number of hurdles remain for the elearning market. But for now, elearning occupies an important and realistic place in the corporate arsenal, and if elearning vendors can focus on their role as a key pillar in the building of effective solutions to business problems, they will assure that place in the future. The growth in this market is primarily due  to:
- The wider availability of elearning services
- Lower costs of elearning services due the adoption of hosted software models and learning management platforms
- The growing acceptance of and dependence on elearning as a training delivery model

Worldwide and U.S. Corporate eLearning 2004-2008 Forecast