TAIPEI, Taiwan — Through the help of the government-funded, five-year “e-learning project,” Taiwan’s e-learning market may top NT$25 billion in sales by 2012, the Cabinet-level Council for Economic Planning and Development (CEPD) has estimated.
The first stage of the e learning project was initiated by the council in 2003, and after it concluded in 2007 was followed by the second five-year stage at the beginning of this year, said CEPD officials.
Thanks to the incentives provided by the project in its initial stage, the number of local companies engaged in e-learning increased from 20 to 200 during the five-year period and the market expanded at a composite annual growth rate of 67 percent, from NT$700 million in 2003 to NT$15 billion in 2007, they said.
Based on past experience and market forecasts, the CEPD has estimated that the market size of the e-learning sector may further expand to NT$25 billion in 2012.
According to the CEPD, e-learning is defined as educational activities based on digital devices, such as personal computers and the Internet. Content providers may use CDs, Web sites, or e-mails to deliver their content to individual or institutional subscribers.