While Global Industry Analytics predicts the global eLearning market to reach $107.3 billion by the year 2015, driven with innovation in learning and teaching. They also highlight the demand of e-learning programs to train the globally dispersed workforce.
This is not only significant when it comes to meeting the demands of learning but also reflects the global reach you can gain with e-learning initiatives. Other than governmental or NGO funding, monetization methods vary from presenting subscription fees, to having an attractive advertising eco-system, etc.
Why is e-learning so important? First off, teachers and instructors could reach millions of students. This means that the need for quantity to cater for the massive demand could be overcome with quality which is much more important. Secondly, philanthropy or otherwise, the industry is booming.