Expert Market Research’s new report titled “Global Virtual reality in the 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 such as component, deployment mode, application and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
- Forecast CAGR (2021-2026): 40%
Innovative advancements in educational technologies are being leveraged by colleges and educational institutions to engage students and expand their reach internationally. The implementation of smart devices in education is driven by the growing requirement for accessibility and flexible learning, which allows students and staff to access both teaching materials and administrative work. Expanded and computer-generated reality in education encourages the highest quality of training, as well as mentally fulfilling learning encounters in higher education. The gradual transition from a conventional learning environment to a virtual classroom, such as online cameras, microphones or other technologies, would drive the development of the market.
Industry definition and major segments
Virtual reality allows a user to interact with a three-dimensional virtual world or image generated by a computer. Virtual reality reinforces student involvement. As a hands-on, interactive, and immersive environment, it offers students a new way to learn, providing exciting new opportunities they might not have encountered before.
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By component, the market is divided into:
On the basis of deployment mode, the market is split into:
Based on Application, the market is segmented into:
- Academic institutions
- Higher Education
- Professional training
- Health and life sciences
- IT and Telecom
- Retail and e-commerce
- Government and public sector
Regional markets for the product include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Some of the factors driving the growth of the market are widespread adoption of virtual reality for corporate training and development, continuous innovation in VR technology, increased involvement and engagement in the learning, the demand for personalized learning experiences and the use of connected devices in virtual environments. reality in education. Furthermore, awareness of the benefits of the interactive learning environment such as flexible schedules, greater human transparency, mobility, student-centered learning and others would fuel the development of the market. Decreasing costs associated with classroom furnishing would enhance the growth of the market.
Main market players
Major market players include Google LLC, IBM Corporation, Samsung Electronics Co Ltd, Lenovo Group Limited, Sony Corp, and Avantis Systems Ltd, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
Note 2: As the novel coronavirus (COVID-19) continues to spread across the globe, our analysts are continuously monitoring the impact of this rapidly evolving situation on markets and consumer buying behaviors. Thus, our latest estimates and analysis on current market trends and forecasts will comprehensively reflect the effects of this emerging pandemic.
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