WISE Data: Online Learning Market Size has Reached US$ 93 Billion, Growth Rate Exceeding Electronic Games

2015-11-12 01:00:35

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The recently released data by World Innovation Summit for Education (WISE) shows that nowadays, the global online learning market size has reached that of electronic games, with the growing rate of 20%.

 

However, for the value provided by education, there is still big gap between professional skills and employment market by 2020, and 1/3 of the employers around the world think it’s difficult to find suitable technical personnel.

 

Improving basic education in underdeveloped countries is still a tremendous challenge all over the world. Illiteracy has caused a US$ 1.19 trillion loss to the global economy, surpassing half of the Italian GDP.

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According the current trends, by 2030, there will still be 1/5 of working population deprived of the opportunities to accept basic education.

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Illiteracy has caused a US$ 1.19 trillion loss to the global economy, surpassing half of the Italian GDP.

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Illiteracy has caused a US$ 1.19 trillion loss to the global economy, equivalent to Australia’s yearly GDP.

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In the Middle East and North Africa region, over 1/4 of the young people are unemployed.

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66% of small business owners think the education system cannot cultivate creativity and entrepreneurship.

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In the worldwide, 10% of college graduates are lack of reading and writing abilities.

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In the whole world, 14% college graduates are lack of basic numeracy ability.

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In 2014, 1/3 of the employers around the world think it’s difficult to find suitable technical personnel.

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According to the current trends, it will take the disadvantaged countries at least 85 years to reach the current education level of developed countries.

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In the developing countries, the average schooling year is 6.5 years, while it is 12 years in the developed countries.

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Nowadays, the online learning market size has reached that of electronic games, with the doubled growing rate.

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The report of United Nations Children's Fund shows that armed conflicts in the Middle East Region has caused

 13 million children dropped out of school.