The e-learning outsourcing business in India is likely to grow at a rate of 15 per cent annually for the next three years to touch $603 million by the end of 2012, a study says. According to a study by business intelligence and research provider ValueNotes, the e-learning outsourcing industry will suffer the impact of the global economic recession for the next 6-8 quarters but growth is likely to pick up after that. "While, the economic recession will impact the growth in the industry for the next 6-8 quarters, the market will recoup and grow much faster until 2012," the study said. Further, the market size of Indian e-learning outsourcing business will touch the $603 million level by the end of calendar year 2012, it said. Last year, the revenues from the e-learning offshoring industry in the country stood at approximately $341 million. Considering the estimated correction in the outsourcing market in the country, the study titled 'e-learning Outsourcing 2009: Advantage India' finds that the e-learning offshoring industry will grow at a compound annual growth rate (CAGR) of 15 per cent till 2012, though growth will be more subdued till 2010.
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