The global virtual classroom market is projected to reach USD 9,515.2 million by the end of 2025, growing at a CAGR of 17.4% during 2019-2025.
The key factors bolstering the growth of global virtual classroom market are increasing acceptance of Augmented reality (AR), Virtual reality (VR) and Internet of Things (IoT) in corporate training & development and paradigm shift from traditional classroom to virtual classroom in academic sector especially in develop countries. In addition, growing demand of connected devices to increase mobility and flexibility in education coupled with upsurge in demand of personalised learning are expected to fuel the virtual classroom market growth during the forecast period.
Based on deployment type, On-cloud segment have highest CAGR during forecast period 2018–2025
Features like security, low cost, easy accessibility, customization, automatic upgradation of content, high scalability and less storage space are growing the adoption of on-cloud virtual classroom. Cloud based solutions for training and development are getting traction in enterprises and education sectors because it cost lower compare to on premises-based solutions.
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Based on Component, Hardware segment is anticipated to drive the market in terms of revenue till 2025
Hardware segment dominated the market in 2018 and is projected to witness significant growth rate during the forecast period due to the introduction of technological advanced VR devices and interactive whiteboards in virtual classroom which enhance learning experience among users. Moreover, high penetration of computing devices in K-12 institution and growing trends of Bring Your Own Device (BYOD) in education sector will aid the demand of hardware in upcoming years.
Based on End-user, Academic segment is projected to grow at the highest CAGR during forecast period
Institutions are deploying virtual classroom to provide education in remote location as virtual classroom possess peer to peer learning, learner centred instruction which propelling the market growth.
Source: GMI Research
Based on region, North America will drive the market in terms of revenue till 2025
North America held the largest market share in 2018 due to high adoption of virtual classroom in education and higher usage of virtual classroom across start-ups. In addition, shift from old teaching method to cutting edge virtual classroom will increase adoption in large number of schools and universities in the region. Europe is also the major market for virtual classroom and the market is expected to witness relatively slower growth rate than North America. Asia-Pacific is projected to grow at the fastest CAGR of 19.5% during 2019-2025, Government initiative to provide education in remote and less developed areas will drive the virtual classroom market growth during forecast period.
The global virtual classroom market has been segmented based on deployment type, component, end user and key geographies. Based on the deployment type, global virtual classroom market has been segmented into on-cloud and on-premises. Based on component, the market has been segmented into solution, hardware and services. Based on end user, the market has been segmented into academic and corporate.
The research report “Global Virtual Classroom Market” provides in-depth analysis of Pulse Lavage market, globally, based on deployment type, component, end user and major geographies for the forecast period from 2018 to 2025. The report highlights the major market drivers fuelling the growth as well as challenges faced by the market participants. The research report provides market size and forecast for Pulse Lavage market. The report also analyses the competitive landscape, major players and their strategies in 2018. The competitive landscape section of the report captures and highlights the recent developments in the market.
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Key questions answered in this research report:
1. At what pace is Virtual Classroom market growing, globally? What will be the growth trend in future?
2. What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints over the coming years?
3. What are the regional Virtual Classroom market revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the Virtual Classroom market?
4. What are the various application areas and how they are poised to grow?
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