VIRTUAL CLASSROOM MARKET

The Global Virtual Classroom Market size is expected to grow from USD 10.46021 Billion in 2019 to USD 26.78647 Billion by 2025, at a CAGR of 16.96%.

A virtual classroom is an online shared environment where the learners and the teacher work together at the same time. Participants have tools for delivering learning material in different formats, and for implementing collective and individual practices.

These interactions usually take place through video conferencing. Video conferencing, electronic whiteboard for real-time communication, instant messaging tool, attendance monitors and breakout rooms are the most popular devices used in virtual classrooms. Such tools are expected to improve the adoption of the virtual classroom platform.

Global Virtual Classroom Market

FACTROS DRIVING THAT VIRTUAL CLASSROOM MARKET

• Continuous virtual classroom innovation and an increase in the adoption of virtual classrooms in corporate training and development are the major factors driving the growth of the virtual classroom market.

• Increasing the number of mobile learning applications and professional expertise with technology and digital learning also fuel the growth of the market for virtual classrooms.

• Additionally, the adoption of new technology such as machine learning and AI in the virtual classroom and the emergence of blended learning technology in the virtual classroom are expected to offer major opportunities on the virtual classroom market.

• Lack of industry resource and failure to meet industry standards hamper the development of the demand for virtual classrooms.

Virtual Classroom Market Sample Report

VIRTUAL CLASSROOM MARKET REGIONAL ANALYSIS

• Due to its technological advancements, North America is projected to have the largest market share of virtual classrooms market. Developed economies of this region allow them to invest heavily in R&D. Additionally, the rapid growth of the startup community and the growing adoption of education technology is expected to drive the growth of the Virtual Classroom market in North America.

• Asia Pacific region, due to an increased awareness of the advantages e-learning among individuals, is projected to see the highest revenue growth during the forecast period.

Virtual Classroom Market Regional Data

VIRTUAL CLASSROOM MARKET SEGMENTS

On the basis of Solution

• Analytics & Data Visualization

• Content Management

• Device Management

• Security

• Unified Communications.

On the basis of Deployment

• Cloud

• On-Premises.

On the basis of End User

• Academic Institutions

• Corporates.

The Academic Institutions further studied across

• Higher Education

• K-12.

The Corporates further studied across

• Banking

• Financial Services, and Insurance

• Government and Public Sector

• Healthcare and Life Sciences

• Manufacturing

• Retail and Ecommerce

• Telecommunications

• Others.

Leading Companies

• Blackboard Inc

• Cisco Systems, Inc

• Dell Inc

• Google LLC

• Hitachi, Ltd

• HTC Corp

• International Business Machines Corporation

• LG Electronics

• Microsoft Corp

• Oracle Corp

• Panasonic Corporation

• Saba Software, Inc

• Samsung Electronics

• Sony Corporation

• Others.

SIMILAR REPORTS:

• The Virtual Training Market size was estimated at USD 50.5 Billion in 2019 and is expected to grow at a 15.47% CAGR between 2019 – 2025 Virtual training refers to training carried out in a virtual or simulated environment when the learner and the instructor are in separate places. You can do the virtual training synchronously or asynchronously. The simulation of virtual training is of two types, namely training guided by the instructor and non-instructor-training. The Virtual Training technology is widely used in fields such as civil aviation, military, e-learning, serious gaming, simulation-based gaming, entertainment, digital manufacturing, and healthcare because of its advantages such as ease of handling & understanding, providing as near as real virtual environment, and training performance. These advantages are expected to increase the virtual training market size.

• Military Virtual Training Market size was estimated at USD 12.3 Billion in 2019 and is expected to grow at a CAGR of 9.44% between 2019-2025. Since 2012, the US military has been using virtual reality with proprietary hardware and software for training purposes. Some of the commonly used simulations include flight simulations, simulations on battlefields, and medical research. Such simulations help the soldiers practice more cost-effectively than the conventional methods.

• Virtual Classroom Software Market size was valued at USD 3.6 Billion in 2019 and is expected to grow at a CAGR of 10.68% between 2019-2025. North America, Europe, China, the rest of Asia Pacific, Central & South America, Middle East & Africa, etc. are the major regions covered in the report. Based on global sales, the study lists the major players in the regions and their market share, respectively. It also explains their strategic moves in recent years, investments in product innovation, and changes in leadership to stay ahead in the competition.

• The COVID 19 pandemic has spread to nearly 100 countries across the globe since the outbreak in December 2019. The global impacts of the 2019 coronavirus disease (COVID-19) are already starting to be felt and will affect the Global Online Virtual Classroom Software Market significantly in 2020.

• This report studies the size of the Military Simulation and Virtual Training market by players, countries, product types and end industries, historical data for 2014-2018, and forecast data for 2019-2025. Furthermore, the report analyses the global competitive environment, market drivers and patterns, opportunities and challenges, risks, and barriers to entry, distribution channels, distributors, and Porter's Five Forces analysis.

• Virtual training and simulation market size was valued at USD 204.41 Billion in 2019 and is estimated to reach USD 579.44 Billion by 2027, growing at a CAGR of 13.4% from 2020 to 2027. In industries such as defence & security, civil aviation, healthcare, digital manufacturing, education, and entertainment, virtual training and simulation are primarily used. Additionally, it finds applications in other industries like mining, oil, and transport. By utilizing the virtual training & simulation technology, the above-mentioned industries can train their employees with greater efficiency at minimal cost and minimal risk.

• The global Online K-12 Education market size is projected to reach USD 592440 Million by 2026, from USD 110540 Million in 2019, at a CAGR of 26.8% during 2021-2026.

• The global K-12 Education Technology market size will reach USD 45520 Million in 2026, from USD 9278 Million in 2019, with a CAGR of 25% during the forecast period