|
Market Overview for Corporate and Educational
Sectors
- IDC predicts e-Learning to grow from 1 billion in revenue to
12 billion in revenue by 2003
- ASTD predicts 77% of corporations will use their Intranet for
training by 2001
- Gartner Group predicts that one-half of all training will be
delivered by e-learning by 2001
- Piper Jaffrey predicts 50 billion dollars will be spent on
e-learning by 2005
Corporate e-learning is one of the fastest growing market segments
in education. The online training market is expected to nearly double
in size every year through 2003, reaching approximately $11.5 billion
by that time. (IDC)
E-Learning provides students with better retention and understanding
of content, leading to a 60% faster learning curve, compared to
instructor-led training. Whereas the average content retention rate
for an instructor-led class is only 58%, the more intensive e-learning
experience the more the student retains information. (WR Hambrech
Report)
Education Market Indicators
- According to IDC, approximately 85% of the universities and
colleges in the United States will offer online education to
their students by 2002.
- The annual growth rate is expected to reach over 30%.
- Next to the healthcare industry, education is the second
largest industry, with an annual market currently at over 1
billion dollars. IDC predicts the education industry will exceed
7 billion dollars in revenue by 2002.
- Piper Jaffrey has projected even larger market growth indicators
for education; according to Jaffrey this industry is expected
to spend 50 billion dollars by 2005.
With these indicators and supporting estimations by industry analysts
and market leaders, LearnKey is well positioned to take advantage
of the e-Learning phenomena, and claim a leadership role.
LearnKey takes pride in the company's 17 years of experience
in the development of award winning content and delivery systems.
As the original video-based training company in the software industry
and first to reach and market CD-ROM products, LearnKey is prepared
to add yet another powerful delivery medium to its array of products
and services and online delivered products. Welcome to OnlineExpert!
|