Market "X means any market, for example Edtech Market" is estimated to be $ billion in 2013 and is expected to grow by % Compound Annual Growth Rate (CAGR) from 2013 to 2018.
Calculate the estimated market value of Market "X" in 2018
Total number of years

Answer





Compounded annually means n =

Application in business of compound annual growth rate formula and calculator

Assuming you are an analyst monitoring the revenue of global self-paced eLearning market. You have actual global revenue of self-paced eLearning market in 2010 which is $32 billion. Based on the data analytics you are seeing that the revenue will grow to approximately 9.5% CAGR in 2016. What is the estimated global self-paced eLearning market revenue in 2016?

Answer: $55.161 billion

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