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In its study European Corporate Business Skills Training Market Forecast and Analysis 2000-2005, IDC found that e-learning represented just 3% of the business skills training market in 2001.
According to IDC, European training organisations were last year just beginning to offer a mixture of both instructor-led and e-learning services and the European e-learning market is still in its infancy.
The UK, together with the Netherlands and Scandinavia, were found to be leading the way in e-learning adoption and development.
The adoption of e-learning for IT training was slightly higher than for traditional business training. Nevertheless, e-learning in IT training only accounted for 6% of the market.
Long term, the prospects look more promising. IDC estimates a growth rate of 69% for e-learning for IT skills training between 2000-2005; the equivalent growth rate in the business skills sector was estimated at 108%.
Commenting on the findings Sheila McGovern, senior research analyst at IDC said: "As skills training is increasingly offered through the Web and companies acknowledge its value in terms of solving business problems, the business skills market is expected to outpace that of IT skills."