Raleigh, NC -- (SBWIRE) -- 01/07/2015 -- By practically any measure, e-learning is experiencing unparalleled progress and will continue to achieve this in the near future. A recent analysis and estimate released this month bolstered previous study in this area, presenting that e-learning, by dollar quantity, attained $27.1 billion in the year 2009 and forecasting this number will almost double that by the coming of 2015, with educational institutions leading the way.

Based on the statement, "The Global Marketplace for Self-paced eLearning Services and Products: 2009-2015 Analysis and Forecast," by 2015, e learning will reach to a dollar amount of around $49.6 billion, symbolizing a CAGR (Compound Annual Growth Rate) of 12.8 percent over 5 years. The dollar figure within the study incorporated expenses in five categories of digital learning technologies, or "home-paced e-learning products." These involved: custom content development services, packaged content, University papers, learning, system, authoring tools and software, online educational library, and installed e-learning platforms.

Within North America, the largest area for digital learning-- the development has been driven by educational institutions, equally for prek12 and higher-schooling.

According to the report, "the biggest expenses for packed content in the year 2009 were produced by the higher and prek12 education buyers, which accounted for 43% of all United States buys. These academic institutions joined outspend the companies. The higher-education section would be the biggest buyer by the end-of the outlook interval driven by the strong growth of online educational courses in both profit and non-profit institutions. The profitable institutions are facing an upsurge in demand and they're outspending their non-profit alternatives."

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State: NC
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