Global eLearning Market Reached US$27.1 Billion in 2009, Will Reach $49.6 Billion in 2014

The global market for Self-paced eLearning reached US$27.1 billion in 2009 according to a new report by Ambient Insight called, "The Worldwide Market for Self-paced eLearning Products and Services: 2009-2014 Forecast and Analysis." The demand is growing by a five-year compound annual growth rate (CAGR) of 12.8% and revenues will reach $49.6 billion by 2014.