According to BBC’s World Business Report, the global education market is going to grow to $6.3 trillion by 2017 from $5 trillion today. Meanwhile, e-learning, with 23% annual growth, is education’s fastest-growing segment.
e-learning currently constitutes only 2% of the overall education market. That leaves the door open to kick-start the real online learning revolution.
Sebastian Thrun, a Stanford University professor and the founder of Udacity.com, believes that “50 years from now, there will be only 10 institutions in the whole world that deliver higher education”.
Read more in Business in Vancouver.