Global Virtual Classroom Market was valued at US$ 8.2Bn in 2019 and is expected to reach US$ 27.89Bn by 2027, at a CAGR of 16.53% during a forecast period.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
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Global Virtual Classroom Market Dynamics:
Major factors driving the global virtual classroom market contain the widespread acceptance of AR or VR for commercial training and development, continuous innovation in VR/AR technologies, increased participation and engagement in learning, demand for personalized learning experiences, and the use of connected devices in virtual classrooms.
Major factors driving the global virtual classroom market are the widespread acceptance of AR or VR for commercial training and development, continuous innovation in VR/AR technologies, increased participation and engagement in learning, demand for personalized learning experiences, and the use of connected devices in virtual classrooms.
Based on the solution segment, the content management segment is expected to gain traction in the virtual classroom market during the forecast period. Furthermore, an educational content management system allows teachers, trainers, authors, and subject matter specialists to create, store, manage, and deliver digital content in the form of texts, videos, or audios to be used by beginners. The request for online educational content with improved learning experience is growing rapidly in both educational institutes and corporates.
On the basis of end user segment, PCs, tablets, and mobile devices play an important role to improve the learning process of students and employees. These devices need to be implemented with applications and strategies designed to meet needs of users. The growing implementation of the Bring Your Own Device (BYOD) policy and its implementation have seen steady and impressive growth in the last few years. As, Intel has implemented the BYOD policy throughout the organization by providing 30,000 mobile devices to its employees for the training and development purpose. Mobile computing devices convert the conventional classroom into mobile-centric education.
In terms of region, North America is one of the main suppliers to the global virtual classroom market, owing to technological developments. The US and Canada are the top contributing countries to the global virtual classroom market in this region. These nations have established economies, which empower them to strappingly invest in R&D activities. Furthermore, the rapid development of the startup culture and high implementation of technologies in education are projected to fuel the growth of the virtual classroom market in North America.
In this region, creativities are now shifting to virtual learning for better results and convenience of use. Multiple users can simultaneously access learning materials and resources from anywhere and at any time, and this has drastically helped the corporate sector cut down on expenses related to employee training. This reason is one of the main factors that has led corporates to implement global virtual classrooms over old traditional teaching methods. Many academic and corporates have implemented virtual classroom for its modes, like technology training, distance learning, instructor-led training, and flipped learning and blended learning.
The global virtual classroom market report provides detailed profile calculations and current scenario revenue estimates for the most promising industry participants. The Global Virtual Classroom Industry explosion focuses on the latest trends in the Global and regional spaces on all the significant works, including the capacity, cost, price, technology, supplies, production, profit, and competition.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Virtual Classroom Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Virtual Classroom Market.
Global Virtual Classroom Market, Key Highlights:
• Global Virtual Classroom Market analysis and forecast, in terms of value.
• Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Virtual Classroom Market
• Global Virtual Classroom Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
• Global Virtual Classroom Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
• Global Virtual Classroom Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
• Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
• Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Virtual Classroom Market are also profiled.
The report has considered the base year of 2019 and past four years trend. 2020 figures are at actuals, however due to different dynamics of year 2020, market forecast is not only dependent upon 2020, but on the basis of 2016-2020.
Scope of Virtual Classroom Market : Inquire before buying
Global Virtual Classroom Market, by Component
• Solutions
• Hardware
• Services
Global Virtual Classroom Market, by Solution
• Content Management
• Device Management
• Unified Communications and Collaboration
• Security
• Analytics and Data Visualization
Global Virtual Classroom Market, by Hardware
• Interactive Whiteboards
• Mobile Computing Devices
• Virtual Reality Devices
• Interactive Displays and Projectors
• Security and Video Cameras
• Others
Global Virtual Classroom Market, by Service
• Professional Services
• Training and Consulting
• Deployment and Integration
• Support and Maintenance
• Managed Services
Global Virtual Classroom Market, by Deployment Mode
• Cloud
• On-Premises
Global Virtual Classroom Market, by User Type
• Academic Institutions
o K-12
o Higher Education
• Corporates
o Healthcare and Life Sciences
o Retail and Ecommerce
o Telecommunications and It
o Banking, Financial Services, and Insurance
o Manufacturing
o Government and Public Sector
o Others
Global Virtual Classroom Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Global Virtual Classroom Market Key Player
• Saba Software
• Google
• Blackboard
• Microsoft
• IBM
• Cisco
• Dell
• Oracle
• HTC
• Samsung Electronics
• Sony
• Hitachi
• Panasonic
• Barco
• LG Electronics
• Edvance360
• Electa Communication
• Braincert
• Skyprep
• Impero Software
• Wiz IQ
• Bigbluebutton
• Digital Samba
• Tutorroom
• Veative Labs
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Market Research Future (MRFR) reveals that the global virtual classroom market 2020 is expected to touch 10 % CAGR across 2017 and 2023.
However, the unprecedented demand for virtual classroom in the years ahead is noted as the major cause that can contribute to the rise of the market in the years to come.
In addition, multiple synchronous technologies, such as web conferencing, video conferencing, and web-based Voice over IP (VoIP) along with live streaming solutions are easily available.
These benefits add value to virtual classroom solutions, which, in turn, can support the expansion of the virtual classroom market in the years ahead.
Request a Free Sample @ https://www.marketresearchfuture.com/sample_request/4065 Competitive Outlook:Skyprep (Canada), SAP SE (Germany), Oracle Corporation (US), BrainCert (US), Docebo (Italy), Brainier (US), Saba Software (US), Edvance360 (US), Bluevolt (US), and Canvas (US) are some reputed companies in the virtual classroom global market that are listed by MRFR.
By Type based segment of the virtual classroom market are Combination of Teleconferencing, Teleconferencing, and World Wide Web among others.The Service based segments of the virtual classroom market are Professional Service, and Managed Service among others.
Global Virtual Classroom Market, By Type (Teleconferencing, World Wide Web), By Service (Managed Service, Professional Service), By Deployment (Cloud, On-Premise), By Application (IT & Telecommunication, Professional Services) - Forecast 2023Overview: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.
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 12 BN USD by 2023, registering a CAGR of 10 % between 2017 and 2023.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.
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 and training purposes.Additional factors substantiating the growth of the virtual classroom market include increasing urbanization, population, technological advancements, and improving economic conditions, worldwide.
Developing virtual classroom software covers a number of significant business and technology aspects.
The main development objective relies on advancing learning processes and providing exceptional functionality for involved parties.
In this article, we'll discuss how to build efficient virtual classroom solutions, what features to include, and how to calculate the average cost and timeline to implement your ideas.
Read the full article about How to Develop Virtual Classroom Software and How Much It Would Cost and share your thoughts on it.
The crisis made it evident that digitalisation of the education sector is essential, and hence delaying the process is only going to cause damage to the education system.
The online classes entered students' lives abruptly, but what started as a temporary alternative soon gained popularity among the stakeholders due to its enormous benefits.
What is a virtual classroom?The Virtual classrooms are conducted online through video conferencing tools, where teachers and students participate in online learning and teaching.
It enables teachers to run classes with similar effects to physical classrooms and provides various other facilities that a regular classroom lacks.
Teachers and students are more connected through easy connectivity on their gadgets as teachers can be contacted anytime for any guidance.
High Productivity: These classes are managed online with various modern technology solutions that enable teachers and parents to track each student’s growth and shortcomings.
