A posting by George Siemens alerted me to the startling prediction that the e-Learning Market to hit $56 billion by 2010. Now, call me an old cynic, but even when the forecast comes from the impressively titled Global Industry Analysts (whoever they are), I cannot summon up the remotest excitement. I have never known a single e-learning industry forecast to be anywhere near accurate and I can only assume that these figures are produced for someone other than me, e.g. (1) those starting a new business in this field and looking to impress the bank/investors, (2) those wishing to justify a significant spend on e-learning to their senior management, or (3) those who haven't been around long enough to know what nonsense these reports are.
Anyway, this prediction does give me some confidence. First of all, at least no-one's suggesting that e-learning is dying fast (which would give me an excuse for early retirement, but would also completely spoil the fun) and secondly, I might get my hands on some of this money. Don't get me wrong, I'm not greedy. One percent will do just fine thanks.
Hi, I got excited as well, then I did a review of the share price perofrmance of public e-learning companies, see http://www.kineo.co.uk/e-learning-market/e-learning-market-update.html
ReplyDeleteThe market does appear very active with some firms like us at Kineo and Line growing fast. But there doesn't appear to be much investor confidence out there for the public companies despite these projections.