Indian e-learning outsourcing biz to touch $603 mn by 2012

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.