e-Learning is the convergence of the web and learning on all levels,
whether it be elementary school, college, or business.
e-Learning is made up of several methods of learning, which are enhanced
or facilitated by technology. As a component of e-Learning, web-based or
online learning is likely to be the fastest-growing method for
delivering education and training.
biggest advantage of elearning is that it eliminates the expense and
inconvenience of getting the instructor and students in the same place.
Corporations save at least 50–70% when replacing instructor-led training
with electronic content delivery.
Individuals learn in an interactive environment, but with the benefits
of being able to take the course from their own office or desk, without
the time and travel implications of a normal classroom based training
eLearning arena has also embraced other technology innovations.
Synchronous collaboration tools, which allow physically distant learners
to share a " Virtual classroom" over Internet-protocol networks, offer a
far less expensive alternative to satellite-based videoconferencing
systems and thus have broadened use of this type of learning.
global education and training market is a $2 trillion industry, with
$740 billion in the U.S. Approximately 10% of the $740 billion is
growth rate for the different education and training markets is
projected at 10-15% but, at least in the corporate sector, e- Learning
will far outstrip classroom training over the next few years, claiming
almost half of the overall corporate training market.
current market for self-paced eLearning products and services in the US
is $10.02 billion, growing by five year CAGR of 30.8% and will reach
$38.1 billion by 2011.
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