Indian entrepreneurs to tap E-learning Outsourcing industry

Bangalore: The E-learning Outsourcing industry in India is expected to achieve revenue growth by $603 million by the end of 2012. The Compound Annual Growth Rate (CAGR) is expected at 15 percent per year, which might also waver till 2010 because of the global economic recession.

A report published by a business intelligence and service provider firm ValueNotes 'entitled e-learning Outsourcing 2009: Advantage India' reveals that the growth rate of the e-learning industry will be slow for coming 6-8 quarters, but will attain its pace by then.

The e-learning industry earned a profit around $341 millions in the year 2008. The aspects of the industry are growing as 50 percent of the industry growth comes from the small scale companies. In 2002, the profit earned by the industry was around $6 billion, which went up to about $20 billion in the year 2008.

Bangalore/Hyderabad: Wipro Ltd win of a $500 million strategic outsourcing contract from Unitech Wireless Ltd

Bangalore/Hyderabad: Wipro Ltd's win of a $500 million (Rs2,465 crore) strategic outsourcing contract from Unitech Wireless Ltd is seen by analysts as the Bangalore-based company's emergence as a formidable competitor to International Business Machines Corp. (IBM) in the fast growing Indian telecom services market.

Formidable competitor: The Wipro campus in Bangalore. Analysts say Wipro's Unitech win means that the company has now acquired the expertise to counter the might of Big Blue, as IBM is known. Hemant Mishra / Mint
To be sure, this isn't the first deal that Wipro has won in this space; in January 2008, it won a similar $600 million contract from Aircel Ltd. What the Unitech win means, say analysts, is that Wipro's earlier win was no fluke-that the company has now acquired the expertise to counter the might of Big Blue, as IBM is known. Until the Aircel deal was won, IBM had a near-stranglehold on the market for outsourced information technology (IT) deals in the telecom sector.