Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the virtual class room market provides in-depth
analysis of segments and sub-segments in the global as well as regional virtual
class room market. The study also highlights the impact of drivers, restraints,
and macro indicators on the global and regional virtual class room market over
the short term as well as long term. The report is a comprehensive presentation
of trends, forecast and dollar values of the global virtual class room market.
According to the report, the global virtual class room market is projected to
grow at a CAGR of 15% over the forecast period of 2021-2027. The global virtual
class room market was valued at over USD 14 billion in 2021 and is expected to
reach around USD 34 billion in 2027.
A virtual classroom is a video
conferencing tool in which the instructors and participants engage with each
other and with the learning material. The difference with other video
conferencing tools is that virtual classrooms offer an added set of features that
are essential to a learning environment. A virtual classroom platform helps
make the learning experience interactive and engaging while providing a
controlled environment. Furthermore, virtual classrooms also offer features
that reach beyond the in-class experience. Instructors can access the classroom
prior to the lesson to prepare the material. This material, as well as the
session recording, is available after class, for reference for instructors and
participants alike. Another major benefit of virtual classroom software is that
it facilitates student progress tracking. Instructors can consult data such as
class attendance and student activity. They can track a participant’s progress
via online polls and analytics, identify areas of difficulty, and help the
participant learn challenging subject matter with visual tools. The COVID-19
outbreak had a significant impact on the education sector across the world. Due
to lockdowns imposed by the government people were restricted to move out of
their houses, moreover, schools and colleges were also shut down in order to
avoid the spread of the virus. Education processes changed dramatically, with
the distinctive rise of e-learning, wherein teaching activities were undertaken
remotely and on digital platforms. In response to significant demand, many
online learning platforms are offering free access to their services, including
platforms like BYJU’S, and many more market leaders observed growth and demand
for their services
Continuous innovation and
technology up-gradation of virtual classrooms has increased the adoption of
virtual classrooms in corporate training and development are the major factors
that drive the virtual classroom market growth. In addition, a rapid increase
in the number of mobile learning applications and professional expertise in
technology-based and digital learning fuels the growth of the virtual classroom
market. However, lack of resources and infrastructure in industries and lack of
industry standards and awareness hamper the growth of the virtual classroom
market. Furthermore, the adoption of new technology like machine learning and
AI in the virtual classroom and the emergence of blended learning technology in
a virtual classroom are anticipated to provide major opportunities in the virtual
classroom market
Among the regions, North America
accounted for the largest share of the global virtual classroom market. Due to
the early adoption of virtual classroom techniques in education and higher
usage of the virtual classroom across various start-ups. Moreover, a shift from
old teaching techniques to cutting-edge virtual classrooms will increase
adoption in a large number of schools and universities in the region. However,
the Asia Pacific region is anticipated to grow at the highest rate in the
global virtual classroom market over the forecast period. The increasing
adoption of augmented reality and virtual reality along with easy accessibility
to communicate and enhancing productivity and increasing demand for the
personalized learning experience is driving the demand for the virtual
classroom market in the Asia Pacific
The report on the global virtual class
room market covers segments such as component, deployment mode, organization
size, and end-user. On the basis of component, the sub-markets include
solution, hardware, and service. On the basis of deployment mode, the
sub-markets include on-premise, and cloud. On the basis of organization size,
the sub-markets include large organization, and small & medium organization.
On the basis of end-user, the sub-markets include academic institutions, and
corporates.
The report provides profiles of
the companies in the market such as IBM Corporation, Microsoft Corporation,
Oracle Corporation, Cisco System Inc., Saba Software, Google (Alphabet Inc.),
Panasonic Corporation, Hitachi, Ltd, Sony Corporation, and Blackboard Inc.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of virtual class room market. Moreover, the study highlights current
market trends and provides forecast from 2021-2027. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.
Please Choose One of them.