Why has it now so happened that, technology in the classroom cannot be left unused when it comes to higher education? E-learning is predicted to become a $1.29 billion industry by 2018.
With human growth, increased the technology, be it Internet, mobile or cloud technologies in the past decade. Not only has it touched every aspect of human life, it is now an indispensable part of higher education. It continues to grow largely and its popularity and capabilities within the educational sectors are growing hand in hand.
Not only has it become critical to learn the importance of E-learning, it is equally important to get accustomed to those outcomes. It is no longer required to acquire general knowledge by the organizations; they would rather focus on the skills than can help institutes have a cost-effective outcome.
An E-learning platform has been developed, that brings together the aspects of digital learning, and social collaboration and student generated content to create a live community around each course and subject. The students are being permitted to add and modify the content of their course, through their extended research and original contributions, which are then included in/excluded from the curriculum by the votes casted in by their peers. The e-Learning platform mobile can engage the students with their course(s) with the help of their smartphones. This makes the learning a wonderfully dynamic experience.
In the near future, universities will not survive as the future is outside the traditional campus and outside the traditional classroom. As per the Docebo report issued in July, 2014, the worldwide market for self-paced e-learning reached $35.6 billion in 2011.
The five-year compound annual growth rate is estimated at around 7.6 per cent so revenues should reach some $51.5 billion by 2016. While the aggregate growth rate is 7.6 per cent, several world regions appear to have significantly higher growth rates. The highest growth rate is in Asia at 17.3 per cent, followed by Eastern Europe, Africa, and Latin America at 16.9 per cent, 15.2 per cent, and 14.6 per cent, respectively.
On taking a closer look at e-learning in India, research indicates that the E-learning industry will reach a mark of $1.29 billion by 2018. Regardless of this, it is alsouniversally agreed that with current annual growth rates of 17-20 per cent, the industry is poised for significant growth; India being one of the major sources of E-Learning content and development for the world market due to our low-cost and highly educated workforce in higher education. But that is not all. The Indian companies have made sure that the employees learn continuously and are adopting E-Learning platforms at a rapid pace, to push both micro-learning and qualification focused learning objectives among their employees. The market potential in India is huge, in proportion to the huge number of Internet users.