The report forecasts the global self-paced e-learning market to grow at a CAGR of 2.32% during the period 2016-2020.
The following products were considered while calculating the revenue generated in the market:
One trend that is boosting market growth is the need to develop skills. Employees are identifying the skill requirements for their respective jobs and taking up self-paced e-learning courses beyond their regular professional commitments. For students, these courses increase their employability prospects. As such needs are in the limelight, self-paced e-learning solution providers are focusing on providing courses that are specific to an industry.
According to the report, a key growth driver is the rise in online enrollment. According to the US Department of Education, a majority of school districts currently have students taking general classes, related to k-12 courses, that include distance-learning solutions.
Over 70% of these districts plan to expand the number of courses they offer to their students. Close to 95% of all high schools in the US have students enrolled in a distance or online course. Various states of the country, such as Ohio, should spend more than $550 million on online charter schools until 2018. Other than K-12 education, higher education institutes have also seen an increase in online enrollments.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by learning methodologies