Online Learning Update

January 1, 2013

Online Learning: Why (Digital) Education is the new eCommerce

Filed under: Online Learning News — Ray Schroeder @ 12:10 am

by the Next Big What

While looking at a recently published report on trends in eCommerce by Cisco triggered a valuable question, can digital education ever be as big as eCommerce? Global eCommerce is growing at 13.5% CAGR. It is estimated to reach $1.34T by 2015. While e-commerce spending may be growing, the pace at which commerce is moving online is less rapid than music and advertising. A 2011 study by Sloan Consortium found that 6 million students in the US are taking at least one online course, nearly one third of all those enrolled in higher education. In fact, enrollments in online courses are outpacing those of higher education as whole; with 10% increase in online students between 2010 and 2011 compared to a just 2% rise overall. With this backdrop of trends and Professor Christenson’s prediction, the estimated size of 2022 global online/digital education market will stand at a $4.38 Trillion (50% of $ 4.45T growing at moderate 7% CAGR) based on market prediction by GSV Advisors.

http://www.nextbigwhat.com/digital-education-is-the-new-ecommerce-297/

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