Report published by Merrill Lynch in 1999 about the future evolution of the education industry:
“The two trillion dollar global education and training
industry is going through radical changes. Market forces
are providing a catalyst to alter the traditional ways
education is delivered. Megatrends such as demographics,
the Internet, globalization, branding, consolidation, and
outsourcing all play major roles in this transformation. In
the U.S., the focus of this report, education and training is
a $740 billion dollar market.
Technology and specifically the Internet will
“democratize” education, providing greater access at lower
cost. Ubiquitous PCs combined with high-speed
bandwidth will facilitate engaging anytime, anywhere
learning. We predict that “educational portals” providing a
gateway to the Internet, the world’s greatest library, will
emerge in K-12, postsecondary and corporate training
markets”.
