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Introduction
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e-Learning is the convergence of the web and learning on all levels,
whether it be elementary school, college, or business.
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e-Learning is made up of several methods of learning, which are enhanced
or facilitated by technology. As a component of e-Learning, web-based or
online learning is likely to be the fastest-growing method for
delivering education and training.
Benefits
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The
biggest advantage of elearning is that it eliminates the expense and
inconvenience of getting the instructor and students in the same place.
Corporations save at least 50–70% when replacing instructor-led training
with electronic content delivery.
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Individuals learn in an interactive environment, but with the benefits
of being able to take the course from their own office or desk, without
the time and travel implications of a normal classroom based training
programme.
Technology
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The
eLearning arena has also embraced other technology innovations.
Synchronous collaboration tools, which allow physically distant learners
to share a " Virtual classroom" over Internet-protocol networks, offer a
far less expensive alternative to satellite-based videoconferencing
systems and thus have broadened use of this type of learning.
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Market
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The
global education and training market is a $2 trillion industry, with
$740 billion in the U.S. Approximately 10% of the $740 billion is
“for-profit” business.
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The
growth rate for the different education and training markets is
projected at 10-15% but, at least in the corporate sector, e- Learning
will far outstrip classroom training over the next few years, claiming
almost half of the overall corporate training market.
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The
current market for self-paced eLearning products and services in the US
is $10.02 billion, growing by five year CAGR of 30.8% and will reach
$38.1 billion by 2011.
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