Pune, India, January 2019/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Virtual Classroom Market
A virtual classroom, an online learning environment allows participants to communicate, view presentations or videos, and engage with resources in work groups, interacting with one another. Software applications of the virtual classroom often employ multiple synchronous technologies, such as video conferencing, web conferencing, web-based Voice over IP (VoIP), and live streaming to provide remote participants with the ability to collaborate in real-time. These applications also provide students or participants with asynchronous communication tools, such as message boards and chat capabilities, enhancing the educational process further.
The proliferation of mobile learning applications along with the enhancing professional expertise with technology and digital learning are some of the key driving forces pushing the growth of the virtual classroom market. Besides the surging uptake of the virtual classroom, worldwide, is escalating its market to the ascending heights on the global platform.
Acknowledging the phenomenal accruals, the market is witnessing currently, Market Research Future (MRFR) in its recently published study report asserts that the global virtual classroom market will reach approximately 51.509 Billion USD by 2032, registering a CAGR of 15.10% between 2023 and 2032.
The proliferation of mobile phone users along with the rising popularity of social network fuels the virtual classroom market. Virtual classroom enables companies to conduct the long-distance meeting and make strategic decisions also. The teleconferencing systems that comprise of dial-in access facilities and toll-free service help employees to schedule meetings on short notice. Such unique features that virtual classroom offers, drive market growth.
Simultaneously, the implementation of information technology (IT) in the education sector is driving the virtual classroom market, witnessing an upsurge in adoption across educational institutes. Augmented uptake of virtual classroom across the world has helped the market growth to increase, encouraging huge investments from the industries & corporate sectors for the L&D and training purposes.
Additional factors substantiating the growth of the virtual classroom market include increasing urbanization, population, technological advancements, and improving economic conditions, worldwide. Growing demand for distance education coupled with government initiatives to introduce smart education programs is providing impetus to the market growth to an extent.
Collaborations between hardware vendors and educational content providers are contributing to the growth of the virtual classroom market. Furthermore, the market proliferation of handheld devices along with the increasing demands by corporate for employee-training programs are propelling the market growth.
Conversely, imposed stringent regulations & policies along with the data storage issues are expected to hinder the market growth slightly. Nevertheless, the massive demand for training & development programs, especially from corporate sectors are expected to boost the growth of eLearning Virtual Reality market during the forecast period (2023 – 2032)
Global Virtual Classroom Market - Segmentation
The MRFR analysis is segmented into six key dynamics for the convenience of the report and enhanced understanding;
By Type: Teleconferencing, Combination of Teleconferencing and World Wide Web among others.
By Service: Managed Service and Professional Service among others.
By Deployment: On- Cloud and On-Premise
By Application: Government, Enterprise/Business Education, Professional Services, Healthcare, IT & Telecommunication and School & College among others.
By Organization Size: Small, Medium and Large Organization
By Regions: North America, Europe, APAC and Rest-of-the-World.
Global Virtual Classroom Market -
The North America market leads the global virtual classroom market with the largest market share, mainly due to the augmenting demand for cutting-edge technology solutions for training & development purposes across education as well as corporate sectors. The investments& increasing expenses transpiring in the field training coupled with the wide uptake of Virtual Reality.
While the rapidly surging Europe market for the virtual classroom is expected to register a strong CAGR during the review period.
The virtual classroom market in the Asia Pacific is emerging as one of the promising markets, growing rapidly. Additionally, the rapidly growing markets in India, China & Japan backed by the presence of a large number of vendors & product (hardware) manufacturers coupled with the increasing number of educational institutions in the region are supporting the growth of APAC market.
Global Virtual Classroom Market - Competitive Analysis
The market appears to be highly competitive and diversified with the presence of giant technology providers, playing on the global level. These players are heavily investing in R&D, global expansion, advanced technologies, and product Launch to gain a competitive edge in the market.
SAP SE (Germany), BrainCert (US), Docebo (Italy), Skyprep (Canada), Saba Software (US), Oracle Corporation (US), Brainier (US), Edvance360 (US), Bluevolt (US), and Canvas (US) are some of the prominent players profiled in MRFR Analysis and are at the forefront of the competition in the global virtual classroom market.
Industry/Innovation/ Related News:
August 01, 2018 – The Excel Virtual Academy (US) a public school that was created to provide a high-quality education with flexible and individualized learning opportunities launched a virtual classroom with blended learning - online learning with face-to-face instruction. The virtual program has been created to give students a new learning opportunity.