by Shivaji Chatterjee, Financial Express
Universities will see more students accessing their coursework from outside the traditional classroom. As per the Docebo report issued in July 2014, the worldwide market for self-paced e-learning reached $35.6 billion in 2011. The five-year CAGR is estimated to be 7.6%, so revenues should reach $51.5 billion by 2016. While the aggregate growth rate is 7.6%, several world regions have higher growth rates. The highest rate is in Asia at 17.3%, followed by Eastern Europe (16.9%), Africa (15.2%) and Latin America (14.6%). According to another report, India’s online education market size is set to grow to $40 billion by 2017 from the current $20 billion. India has one of the largest education systems in the world with a network of more than 1 million schools and 18,000 higher education institutions. More than half of the country’s 1.2 billion population falls in the target market for education and related services.
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