US market for self-paced elearning products and services reached $16.7 billion in 2009

According to Ambient Insight, the US market for self-paced elearning products and services reached $16.7 billion in 2009. The demand is growing by a five-year compound annual growth rate (CAGR) of 7.4% and revenues will reach $23.8 billion by 2014.

The US elearning market is rebounding from the slow growth during the recession. In the past two years, the rate of growth for self-paced elearning products and services has slowed, down from a 22% growth rate in the 2007-2012 forecast period. Recently, however, this rate of decline has stabilized and the growth rate is rising in all the buying segments.

An executive overview is available from Ambient Insight. The full report costs $4825.