With the inflow of an estimated $6 billion of venture capital over the past five years, e-learning is driven not only by many startup dot-com entrepreneurs but also big corporations, for-profit spin-off ventures, and both large and small universities.
In 2012 we saw a boom in e-learning technology investment. In that year we saw one of the largest investments in the sector: Desire2Learn, maker of an LMS, received $80 million in September.
There are more than 2 billion potential learners around the world today, and more than 70% of them are unable to afford a college degree. And today a college degree is more important than ever: McKinsey believes college-educated workers will have a three-fold advantage in salaries and opportunities by 2020.
“While this is still a young market, the demand is there and we expect it to grow exponentially in the coming years” explained Josh Bersin, Principal and Founder of Bersin by Deloitte.
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