Virtual Classroom Market Dynamics:
The global virtual classroom market is expected to touch the valuation of roughly USD 12 Billion by 2023, asserts Market Research Future (MRFR). It could achieve a CAGR of 10% during the forecast period (2017-2023).
The global virtual classroom market is receiving a considerable boost from the series of advancements in remote learning technologies. A virtual classroom is at a nascent stage and forms an integral part of the modern education system. It has led to easy and quick transfer of knowledge. It can be described as an online system where the participants use their devices to log in to get access to a series of videos, teaching modules, and lectures at any point in time. This type of 1classroom can be attended from any location in the world, where every participant is connected to the teacher as well as with each other through a common channel.
A Virtual Classroom Market Share also enables students to raise any query by sounds, buttons, or gestures. Features of such classrooms are considerably larger and utilitarian compared to traditional classrooms, which provides an impetus to the market growth. A host of growth avenues are expected to arise in the global virtual classroom market with schools and universities investing massively in this technology. Given these factors, the revenues index of the market could rise in the forthcoming years.
A prominent trend making its way in the virtual classroom market includes rising demand among employees and students owing to the technology’s portability and scalable learning. BrainCert is one of the renowned companies in the virtual classroom market, with expertise in web-based HTML5 virtual classroom. Brainer is another prominent vendor in the market that offers virtual classroom software called Elan. These systems also provide content library for learning materials and are accessed using remote desktop and mobile devices.
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Virtual Classroom Market Competitive Scenario:
The global market for virtual classroom is estimated to be extremely competitive and diversified, given the presence of numerous technology providers. These vendors are making massive investments in research and development (R&D), advanced technologies, product launches, and global expansion to control substantial portion of the worldwide.
Some of these vendors in the global virtual classroom market are BrainCert (US), SAP SE (Germany), Skyprep (Canada), Saba Software (US), Bluevolt (US), Brainier (US), Oracle Corporation (US), Docebo (Italy), Canvas (US), Edvance360 (US) to name a few.
Virtual Classroom Market Segmentation:
• The worldwide virtual classroom market has been segregated depending on type, service, deployment, application, and organization.
• With respect to type, the market includes teleconferencing, combination of teleconferencing and world wide web among others.
• Service-wise, the market is considered for managed service and professional service among others.
• In terms of deployment, the market has been split into on-cloud and on-premise.
• The market, as per application, includes government, enterprise/business education, professional services, healthcare, IT & telecommunication and school & college among others.
• The sizes of organizations mentioned in the report are small, medium and large organization.
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Virtual Classroom Market Regional Analysis:
Europe, Asia Pacific (APAC), North America, and Rest-of-the-World (RoW) are the main markets for virtual classroom.
North America is the leading market for virtual classroom, with the biggest share. The chief reason for the superlative market performance is the high demand for cutting-edge technology solutions used for training and development purposes across corporate and education sectors. Surge in investments along with rising expenses in the field as well as the increasing uptake of virtual reality benefits the regional market.
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