European business skills training defies slowdown to reach USD13bn by 2006; eLearning gains share, says IDC.

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M2 PRESSWIRE-21 January 2002-IDC: European business skills training defies slowdown to reach USD13bn by 2006; eLearning gains share, says IDC (C)1994-2002 M2 COMMUNICATIONS LTD RDATE:21012002 AMSTERDAM -- Despite the temporary economic slowdown, the European business skills training market is rising at a five-year compound annual growth rate (CAGR) of 14.9 and will reach $13 billion in revenue in 2006, according to IDC research.

By 2005, IDC estimates that over 27 of business skills training content will be provided via elearning, representing a CAGR of 108.2 over a five-year period. In an economic downturn, the pressure to cut costs increases and although training is considered a competitive advantage by many organizations, it is often perceived...