Indian e-learning outsourcing biz to touch $603 m by '12

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. Last year, the revenues from the e-learning offshoring industry in the country stood at approximately US$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.

“With the global economic slowdown impacting corporate spending, companies are forced to make their training dollar last longer. Outsourcing their e-learning operations to countries such as India may be an ideal solution,” ValueNotes Chief Executive Officer Arun Jethmalani said.