Virtual Classroom Market Scenario:
Market Research Future reveals that the global Virtual Classroom Market is having a bright future as it is expected to expand at an approximately USD 12 Billion by 2023 while recording 10% of CAGR during the forecast period 2017-2023.
The factors contributing to the global virtual classroom market are related to the emerging trend of portability and scalability that is being provided to employees and students. In this, one crucial name has gained all the appreciations that are BrainCert—one of the major players in the market. It has offered a web-based HTML5 virtual classroom which also includes a content library for learning materials. The study materials of these can be easily accessed from mobile devices and desktops as well. Such a factor is considered to be the most influential that boosted the market’s growth inevitably.
At the same time, the revolution in education systems has successfully transformed the traditional Virtual Classroom Market and learning methods, which has been considered as more magnificent than anything else in prospering the market scenario. Therefore, the inclination towards information technology of the education system makers has outstandingly boosted the market for a virtual classroom. With the rapid expansion of the virtual world in the education system, across the globe, will eventually take the market towards high revenue generation direction in the coming years.
On the other hand, even the most educational institutes are increasingly adopting advanced methods and tools for teaching. The new technique includes whiteboards, projectors and smart notebooks. Also, the rising coordination between hardware provider, software innovator and education material provider, together are making learning accessible for students as well as distant students to study. All these factors are also having a crucial role in the expansion of the market during the forecast period.
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Virtual Classroom Market Key Players:
BrainCert (US), Docebo (Italy), Skyprep (Canada), SAP SE (Germany), Oracle Corporation (US), Brainier (US), Saba Software (US), Bluevolt (US), Canvas (US) and Edvance360 (US), are most trending prominent players profiled in MRFR Analysis. They are at the forefront of the opposition in the global virtual classroom market.
Virtual Classroom Market Segmentation of Market:
As per the study, the virtual classroom market is further segmented among the elements of type, service, deployment, application, and organization size.
- In terms of type: teleconferencing, the world wide web, the combination of teleconferencing, and the worldwide web are the segments.
- In terms of service: Managed Service and Professional Service are the segments.
- In terms of deployment: Cloud and On-Premise are the segments.
- In terms of applications: Government, enterprise/business education, professional services, healthcare, it & telecommunication, and school & college are the segments.
- By organization size: Small and medium organizations and large organizations are the segments.
Virtual Classroom Market Regional Framework:
Geographically, the market of the virtual classroom market has also been studied among the regions of North America, Europe, APAC and Rest-of-the-World.
Among these, the Asia‐Pacific region is might be the fastest-growing market due to the high adoption of virtual classroom techniques in developing countries.
The North America market leads the global virtual classroom market by owning the largest market share. The outstanding growth of the market in this region is mainly due to the augmenting demand for cutting-edge technology solutions for training & development purposes across education as well as corporate sectors. Also, significant investments & escalating expenses transpiring in the field training along with broad uptake of Virtual Reali is on the rocks for the market to expand largely in this region.
While, on the other hand, the rapidly surging Europe market for the virtual classroom might register a robust CAGR during the review period.
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