Virtual Classroom Market Scenario:
The virtual classroom market has been segmented into teleconferencing, World Wide Web, combination of teleconferencing and world wide web. Teleconferencing enables enterprises and educational institutes to reduce travel time and enhance productivity. It enhances productivity by allowing distant employees to communicate with their colleagues at company headquarters.
Virtual classroom can be defined as an e-learning environment where users can learn, interact, communicate, view and discuss presentation through numerous virtual classroom softwares, teleconferencing and web based accessed. The upcoming revolution in education system is replacing traditional classroom and learning methods.
The Virtual Classroom Market is expected to grow at approximately USD 12 Billion by 2023, at 10% of CAGR between 2017 and 2023.
The implementation of information technology is driving the virtual classroom market. Educational institutes are adopting advanced teaching methods and tools which includes white boards, projectors and smart notebooks. Coordination between hardware provider, software innovator and education material provider is making learning easy for students and remote distant employees. The key drivers of virtual classroom market is increasing number of mobile learning applications and professional expertise with technology and digital learning are anticipated to drive the virtual classroom market. The increasing number of mobile phone users and rising popularity of social network is also fuelling the virtual classroom market.
The companies are able to conduct long distance meeting and make strategic decision. Teleconferencing systems that comprise of dial-in access facilities and toll-free service that helps employees by scheduling meetings on short notice.
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Major Key Players:
• BrainCert (U.S.)
• SAP SE (Germany)
• Docebo (Italy)
• Saba Software (U.S.)
• Skyprep (Canada)
• Oracle Corporation (U.S.)
• Edvance360 (U.S.)
• Brainier (U.S.)
• Bluevolt (U.S.)
• Canvas (U.S.)
Regional analysis for virtual classroom market is studied in different geographic regions as North America, Europe, Asia-Pacific and Rest of World. North America region is mainly dominating the market because of advanced technological implementation in learning methods and increasing number of students migrating to United States for pursuing higher education. The European region is also gaining growth because of increase demand of online education pursued by students. Asia-Pacific market is estimated to be one of the fastest growing market as it is continuously investing into research and development of virtual classroom market and growing adoption of virtual classroom solutions by enterprises in India is driving the market in the region.
Increasing population, and growing IT landscape is boosting the market in the region. The region is witnessing high adoption of virtual classroom tools by enterprises. Developing countries such as India and China are adopting virtual classroom software at a large scale owing to increasing competitive advantage, growing IT sector and reduction in travel and human resource cost which is boosting the market in the region. The region is witnessing high growth in virtual classroom market due to growing technological advancement in cloud storage, virtual and mobile technologies.
North America region is leading due to presence of major players from the region in the virtual classroom market. The implementation of virtual classroom solution by both small and medium enterprises is increasing rapidly, especially one into IT sector. The virtual classroom market is gaining demand as organization seek to improve their business growth by shifting from on-premise to cloud based. The initial low cost, saving amount spent on infrastructure, automatic software upgrading and seamless integration is driving the market of cloud based server virtualization market.
• Investors and consultants
• System Integrators
• Government Organizations
• Research/Consultancy firms
• Technology solution providers
• IT Solution Providers
• Educational Institutes
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Virtual classroom market for segment on the basis of type, service, deployment, application and organization size.
Virtual Classroom Market by Type:
• World Wide Web
• Combination of Teleconferencing And World Wide Web
Virtual Classroom Market by Service:
• Managed Service
• Professional Service
Virtual Classroom Market by Deployment:
Virtual Classroom Market by Application:
• Enterprise/Business Education
• Professional Services
• IT & Telecommunication
• School & College
Virtual Classroom Market by Organization Size:
• Small and Medium Organization
• Large Organization
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