Worldwide eLearning Market to Reach $49.9 billion by 2015

SEATTLE, July 18, 2011 /PRNewswire-iReach/ -- According to a new report by Ambient Insight, the worldwide market for Self-paced eLearning products and services reached $32.1 billion in 2010. The five-year compound annual growth rate (CAGR) is 9.2% and revenues will grow to $49.9 billion by 2015.

The report is called "The Worldwide Market for Self-paced eLearning Products and Services: 2010-2015 Forecast and Analysis," and analyzes expenditures by seven regions: North America, Latin America, Western Europe, Eastern Europe, Asia, Middle East, and Africa.

"North America will be the top buying region throughout the forecast period," comments Sam S. Adkins, Chief Research Officer. "In the 2010 market, Western Europe accounted for the second highest expenditures. By 2015, Asia will account for the second highest expenditures after North America. Eastern Europe, the Middle East, and Africa represent significant long-term revenue opportunities for suppliers and we have revised forecasts upward for those regions."

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