State Of The eLearning Market In India
Inspite of Internet penetration at 4% in India, the e-learning market size is estimated at $27 million or Rs 105 crore, which is projected to grow to $280 million or Rs 1,092 crore by 2012, according to an education sector report by CLSA Asia Pacific Markets. Compare this to the size of the US e-learning market valued at $4 billion or Rs 15,600 crore, and it may appear rather small, but the potential for growth in India given the huge population, lack of educators, etc, is much more.
Meanwhile, the current e-learning global market size is over $20 billion (Rs 78,000 crore)—grown ten-fold since 2000), and is expected to surpass $52.6 billion (Rs 2,05,000 crore) by 2010. Online tutoring, on the other hand, is a $4 billion (Rs 15,600 crore) industry and is growing at a rate of 10%-15% per annum according to Financial Express.
Computer-based learning on the other hand, still has a market size of $150 million (Rs 590 crore), in India which is expected to grow to $750 million (Rs 2,900 crore) by 2012, according to the CLSA Asia Pacific market report.
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Filed under: Business, Statistics
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