The Future of E-Learning Market in China
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In general, E-learning market in China can be divided into three different sectors; online degree education, language training & professional education for the certificate, and the E-learning company. E-learning market in China is experiencing a steady growth, and significant growth of this market has started since 2004, with the annual growth rate was 20%. Overall, the training market in China could reap no less than 300 billion RMB, or $ 48.3 billion in the next few years, most of the target will be dominated by the potential of e-learning.
In a period of 8 years (2004-2012), the turnover of online degree education have increased up to 4-fold and in 2012, reaching a total turnover of RMB 64.6 million or $ 10.4 billion and involving more than 1.095 million new registers on the entire course of E -training professional and 1.27 million new students who had signed up E-learning university programs. Since early 2004, most families in the cities of China spent 1,012 RMB ($ 163), or about 7.4% of their monthly expenditure on education online.
If they want to continue to higher online education then they have to take a test certificate of title. Two popular universities, Peking University and Tsing Hua University, providing a variety of online education-based programs that also include technical training and certificates of professional achievement. In 2013, expenditure per family in urban areas increased to 2,563 RMB ($ 413).
Today's Chinese E-learning Perspective
China has a new perspective related to online training. In China, online training is needed to save time and solve the limitations of space. Each institution using online video can rake in more money without the need to hire a lot of classrooms. Today, most Chinese companies include E-training for their employees and E-learning has become a symbol stating a company has the spirit of continuous progress.
At present, China’s GDP has increased from 7.7% to 9.3% and this increase strongly supports the commercial vitality of technological development. However, commercial vitality is a major requirement for the future by increasing numbers of educated people. Now, China is being invaded by various E-learning service providers from abroad who try to take advantage of the huge population of China.
Skillsoft has been introduced in the Chinese public and that introduction will make a variety of transmission of knowledge and the development of the design to be more effective and innovative. Skillsoft is also rivaled by a new platform, MOOC, which acts as a comprehensive platform for Udacity, EDX, and Coursera. MOCC is very compatible to the various programs of some countries, including the United States. China has invited a wide range of foreign cooperation and MOCC program is very helpful in E-learning-based cooperation. MOCC is targeting the beginner and the program offers online education for the whole person with the aim of eliminating any restriction of money, space, and time in the world of modern education.
Chinese people have received subsidies to attend the E-training and actions of China government will increase public awareness of China of the development of technology. However every aspect of E-training receives strict supervision given by the government.
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