Outsourcing revenues for e-learning to touch $603 Million by 2012

Bangalore: Revenues from the Indian e-learning offshoring industry stand at approximately $341 million at the end of calendar year 2008, according to ValueNotes research database. It is expected that recession will hit the growth in industry for 6-8 quarters but market will then gain and grow faster till 2012. According to ValueNotes estimates e-learning offshoring industry will grow at a CAGR of 15 percent and will touch the market size of $603 million by the end of calendar year 2012.

Many corporations, educational institutions and government agencies have tried to change the way education is imparted in schools and colleges. E-learning has become a crucial part of their strategy to deliver knowledge but maintaining e-learning systems within the organization is a costly affair. That's why more and more international organizations are realizing the cost advantages and are moving from dealing with local e-learning service providers to directly approaching Indian companies.