17 years ago, Peter Drucker, an American management consultant, educator and author once said, “Universities won’t survive. The future is outside the traditional campus, outside the traditional classroom. Distance learning is coming on fast.” According to the related statistics that the worldwide market for Self-Paced E-Learning reached $35.6 billion in 2011. The five-year compound annual growth rate is estimated at around 7.6% so revenues should reach some $51.5 billion by 2016. And in the next articles of the blog, we will show you with geographical insights what’s the e-learning trends between 2014-2016 in different regions of the world like Asian, African, European, Eastern European, North American, Western European, Latin American and Middle Eastern. Let’s first have a look at Eastern European E-learning market:
2014-2016 E-learning Trend Market Trends: European Market The European E-learning overview: 1. Significant market size Of the $4.1 trillion spent on education and training, approximately 25% is in Europe, making it the 2nd largest market, Europe boasts 27% more teachers than the US, with 4.6 million teachers as compared to 3.6 million in the US. 2. A highly fragmented market