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-The new report by Expert Market Research titled, 'Global Virtual Reality in Education Market Report and Forecast 2021-2026', gives an in-depth analysis of the global virtual reality in education market, assessing the market based on its segments like component, deployment mode, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-2026): 40%
Innovative advances in educational technologies are being leveraged by colleges and educational institutions to engage students, extend their reach internationally. The implementation of smart devices in education is due to the growing requirement of accessibility and flexible learning, which allows students and staff to access both teaching materials and administrative work. The enlarged and computer-generated reality in instruction encourages the best quality training, alongside mentally fulfilling learning encounters in advanced education. The incremental transition from a conventional learning environment to a virtual classroom, like online cameras, microphones, or other technologies, would stimulate market development.
Industry Definition and Major Segments
Virtual reality makes it possible for a user to interact with a three-dimensional image or virtual world generated by a computer. Virtual reality strengthens a student's involvement. As a hands-on, interactive, immersive environment, it provides students with a new way of learning, providing exciting new opportunities they could not have encountered before.
Explore full report with table of contents:
By component, the market is divided into:
- Hardware
- Solution
- Software
Based on deployment mode the market is bifurcated into:
On the basis of application, the market is segmented into:
- Academic Institutions
- K-12
- Higher Education
- Vocational Training
- Others
- Corporates
- Healthcare and Life Sciences
- IT and Telecom
- Retail and E-commerce
- BFSI
- Government and Public Sector
- Others
The regional markets for the product include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market Trends
Some of the factors driving the growth of the market are the broad adoption of virtual reality for corporate training and development, ongoing innovation in VR technology, increased involvement and engagement in learning, demand for customised learning experiences, and the use of connected devices in virtual reality in education. In addition, the awareness of the advantages of the interactive learning environment, such as flexible timetables, more human transparency, mobility, student-cantered learning, and others, would fuel market development. The lower costs associated with the development of classroom facilities would reinforce the market's growth.
Key Market Players
The major players in the market are Google LLC, IBM Corporation, Samsung Electronics Co Ltd, Lenovo Group Limited, Sony Corp, and Avantis Systems Ltd, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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About Us:
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients' needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
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Informes de Expertos ( ), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client's unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
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