“Global Virtual Reality in Education Market Report and Forecast 2021-2026” Global Virtual Reality in Education Market is expected to grow steadily at CAGR of 40% in the Forecast Period of 2021-2026
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 type of the component, deployment mode, application and major regions like North America, Europe, Asia Pacific, Latin America, Middle East and Africa. 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.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
Get a Free Sample Report with Table of Contents:
The key highlights of the report include:
Market Overview (2021-2026)
- Forecast CAGR (2021-2026): 40 %.
Earlier, due to their expensive prices, the acceptance of virtual reality systems was weak. However, due to the rapid technological developments and economies of scale of major companies, there has been a rise in the acceptance of virtual reality. One of the key drivers of virtual reality growth in education is the growing affordability of virtual reality devices and applications. The industry is driven by the growing affordability of VR gear. In addition, the easy-to-use content creation platform is also expected to fuel the development of the global market for virtual reality in the education sector in the forecast era. North America had a large market share in virtual reality in the education industry worldwide. It is predicted that its dominance will continue over the forecast era. The U.S. and Canada are the key countries that drive demand in this area.
Industry Definition and Major Segments
Virtual reality helps a user to interact with a machine-made three-dimensional image or with a virtual world. Virtual reality increases the student's participation. It provides students with a new way of learning as a hands-on, interactive, immersive experience, providing exciting new experiences they have never experienced before.
Explore full report with table of contents:
Based on component, the market can be divided into the following:
Based on the deployment mode, the market is bifurcated into:
Bases of application, the market is segmented into:
- Higher education
- Vocational training
- Healthcare and Life Sciences
- IT and Telecom
- Retail and E-commerce
- Government and Public Sector
The regional markets for Virtual Reality in Education include:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The numerous partnerships, such as the Queens University of Canada and SimforHealth partnership with HTC to open a VR training facility for medical students to gain experience in real-time operations in an interactive virtual environment, are stimulating the growth of virtual reality in education in the marketplace. In the virtual environment, HTC Vive can also include a wide range of clinical scenarios. In the coming years, this partnership is expected to increase sales of virtual reality in the education sector. The increasing number of social VR spaces will have a positive impact on the industry and will make a major contribution to its development in the coming years. Virtual reality will replace written manuals, posters, textbooks and physical paper models. All of these factors are expected to accelerate the growth of virtual reality in education in the industry.
Key Market Players
The major players in the market are Google LLC, IBM Corporation, Samsung Electronics Co Ltd, Lenovo Group Limited, Sony Corp, Avantis Systems Ltd, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments, mergers and acquisitions, among other latest developments of these market players.
Read More Reports:
Connected (Smart) Street Light Market:
Connected Living Room Market:
Smart Doorbell Market:
Haptic Technology Market:
Redundant Array of Independent Disks (RAID) Market:
Wearable Technology Market:
Cyber Physical System Market:
Industrial Wearable Devices Market:
Wireless Charging Market:
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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.
We also provide state-of-the-art procurement intelligence through our platform, . Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
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.
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.