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From tablets to smart phones, from
searching wikis to having a blog, todays high tech environment
embraces communication, collaboration & information all in
digital way. Same is the landscape as far as today's education is
concerned. The facility of time & technology has unfold academic
degrees into prominence, which previously seemed to be impossible to
attain. Today, the lack of time, money and the adequacy of personal
and professional responsibilities don't matter anymore. Thanks to the
radically evolved e-learning, today a long study programme has been
flexible enough to complete according to the students' convenience.
E-learning Global Market That Is Having
A Zeal
Thanks
to the various e-learning tools & technologies, that keep growing
bigger & better, the entire experience of education has been
revolutionized. Today not only students, but also professionals, from
all across the universe are ushered thoroughly by this newly emerged
education facility to earn their degrees, build upon their knowledge
base, and develop new skills. Not only that, our perception of
knowledge and skill acquisition has also been advanced altogether. As
such, an increasing number of online courses are now being offered in
order to meet the ever-growing demand.
TechNavio's reports, based on a
thorough market survey with inputs from eminent industry experts,
have predicted that, the Global E-learning market, from today's
scenario, is supposed to grow at a CAGR of 25.81 percent over the
period 2013-2018. One of the key factors, that is contributing to
this market growth, is reckoned to be the increasing acceptance of
E-learning among corporates.
What Are The Statistics' Forecast
Which more crucial fact is
that the gradual expansion of e-learning popularity is nowhere
showing any sign to decrease. Inf act, the modern edu-landscape is
indicating that the future of the e-learning Industry is brighter
than ever.
- It was 2011, when the figure of $35.6 billion was estimated to spent on e-learning across the globe. Today the figure has been escalated with a huge number of $56.2 billion & this industry is being hoped to double by 2015.
- The business sectors has now confirmed that e-learning is the second most valuable training method that they tend to use. This report does not raise any surprise, as e-learning saves businesses at least 50% when they replace traditional instructor-based training with e-learning.
- Today, about 4.6 college students are appraised to take at least one study course online, which will veer the scenario, where approximately half of all college classes will be e-learning-based by 2019.
- The world's most rapidly developing e-learning markets exist in Malaysia and Vietnam, where the estimated 5 year annual growth rate for the Asian e-Learning market is 17.3%. Whereas, self-paced e-learning's growth rate in the Middle East is 8.2%, and its revenues are expected to reach $560.7 million by 2016.
Middle East E-learns Faster & Bigger Than Ever
A research, conducted by Docebo entitled
"e-learning Market Trends & Forecast 2014 - 2016 Report",
manifested the fact that, global and regional education suppliers are
up-rising their stakes in the Middle East as the region's e-learning
market sees revenues, elevating to $560.7 million by 2016.
MattThompson, Project Director, F&E Group, commenting on Middle East's e-learning market, which is out-pacing the global market at 7.6 percent, cited that, ''The strong desire to digitize the delivery of the education experience is driving this growth, with governments playing a major role in boosting investments."
Thompson, who is organizing the GESS Education Awards in
2015, has also hinges on this distinguished award to assist educators
in evaluating the quality of local and international suppliers,
honoring the contributions of theses education suppliers in raising
the quality of education throughout the region through advanced,
digital tools, at the same time. Meanwhile, outstanding contributions
and performance by teachers, schools and education professionals will
also be observed in the following categories - Lifetime Achievement
Award, Best use of ICT/eLearning in the Classroom, Community Award
for Citizenship, Innovation in Education, and Outstanding
Contribution in Education.
According to a recent study,
held by The Research Institute of America, e-learning has the mighty
prowess to benchmark information retention rates by up to 60%. That
accentuates the fact that, not only is e-learning more cost
efficient, but it's also more effective also, as far as the
knowledge, acquired during the learning process, is concerned.
