Virtual Classroom Market Forecast By Top Companies, Trends, And Growth Analysis
Continuous innovations in VR/AR technologies and use of connected devices in virtual classrooms are expected to drive the growth of global virtual classroom market
According to TechSci Research report, “Global Virtual Classroom Market, By Component, By Deployment Mode, By User Type, By Region, Competition, Forecast & Opportunities, 2025”, it is expected to register significant growth during the forecast period. The acceptance of augmented reality or virtual reality for corporate training and development on a large scale is one of the major factors accounting for the growth of global market. More and more participation and engagement in learning is further expected to bode well for the growth of global virtual classroom through the forecast years. In addition to this, ongoing continuous developments in VR/AR technologies is positively influencing the growth of global virtual classroom market.
Moreover, the utilization of artificial intelligence as well as internet of things in education is making headway for the growth of global virtual classroom market across the globe. Along with this, various educational institutes provide subsidiary courses so that studies from remote locations can be done which is further anticipated to bolster the market growth until 2025. Moreover, rising social networking along with growing number of mobile phone users is also expected to augment the market growth in the forecast years. However, there are certain factors that might act as major impediments to the growth of global virtual market during forecast period such as lack of resource and infrastructure in industries and limitation of industry standards.
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Global Virtual Classroom Market
Global virtual classroom market can be segmented based on component, deployment mode, user type, company and region. Considering the user type, the market is fragmented into academic institutions, corporate and government. Among them, the academic institutes segment dominated the global market until 2019 and is further anticipated to maintain its dominance during the forecast period as well. The dominance is accredited to developmental innovations in education technology undertaken by the universities and educational institutes so that the students can evolve and expand their presence at a global level and simultaneously to avoid campus congestion. Along with this, implementation of virtual classrooms is a strategic decision and a considerable part of the educational industry, because IT spending is being utilized for these processes. Additionally, virtual classrooms deliver intellectually satisfying learning experiences in higher education, thereby facilitate better quality education. This is responsible for the growth of segment across the globe.
Google, Blackboard, Microsoft, IBM, Cisco, Dell, Oracle, HTC, Samsung Electronics, Sony, Hitachi, Panasonic, Barco, LG Electronics, Edvance360, Electa Communication, Braincerts, Skyprep, Impero Software, Sandvik Hyperion are among others are the leading players operating in global virtual classroom market. The players are adopting several growth strategies to enhance the market scenario of virtual classroom. Other competitive strategies include mergers & acquisitions to diversify their product portfolio in order to strengthen their market position.
“North America is forecast to dominate the global virtual classroom market during the next 5 years on the account of presence of numerous prominent educational institutions in the region providing quality education. Moreover, continuous technological breakthroughs in AR/VR technologies are increasing the adoption of smart education, which is boosting the market growth in North America. Asia-Pacific is anticipated to register highest growth during the forecast period which can be accredited to rise in adoption of virtual education in growing economies.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
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“Global Virtual Classroom Market Type, By Component, By Deployment Mode, By User Type, By Region, Competition, Forecast & Opportunities, 2025” has evaluated the future growth potential of global market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in global virtual classroom market.
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