Virtual Classroom Market Scenario:
Market Research Future (MRFR) reveals that the global virtual classroom market 2020 is expected to touch 10 % CAGR across 2017 and 2023. By 2023, the virtual classroom market can value USD 12 Bn. There are multiple causes that are expected to impact the market. However, the unprecedented demand for virtual classroom in the years ahead is noted as the major cause that can contribute to the rise of the market in the years to come.
The surge in demand for effective online learning environment in the pandemic is anticipated to earn high value for the Virtual Classroom Market. With the ingression of modern technologies that allows communication between a high number of people, view presentations or videos easily, and better engagement are critical as it is observed to boost customer convenience. In addition, multiple synchronous technologies, such as web conferencing, video conferencing, and web-based Voice over IP (VoIP) along with live streaming solutions are easily available. These benefits add value to virtual classroom solutions, which, in turn, can support the expansion of the virtual classroom market in the years ahead.
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Major Key Players:
Skyprep (Canada), SAP SE (Germany), Oracle Corporation (US), BrainCert (US), Docebo (Italy), Brainier (US), Saba Software (US), Edvance360 (US), Bluevolt (US), and Canvas (US) are some reputed companies in the virtual classroom global market that are listed by MRFR.
Virtual Classroom Market Segmentation:
The segment analysis of the virtual classroom market is done by type, service, deployment, organization size, and application.
- By Type based segment of the virtual classroom market are Combination of Teleconferencing, Teleconferencing, and World Wide Web among others.
- The Service based segments of the virtual classroom market are Professional Service, and Managed Service among others. The increased need for professional services can result in the expansion of the market in the years to come.
- The Deployment based segment of the virtual classroom market are On-Premise and On- Cloud.
- The Application based segment of the virtual classroom market are Government, Enterprise or Business Education, Healthcare, Professional Services, School & College, and IT & Telecommunication among others. The IT sector can earn high revenue for the virtual classroom market.
- The Organization Size based segment of the virtual classroom market are Large Organization, and Small and medium enterprises. The rise in the application of virtual classroom by SMEs for trainings can support the expansion of the market across the review period.
Virtual Classroom Market Regional Analysis:
In North America, the virtual classroom market is expected to earn high turnover due to the rise in the demand for cutting-edge technology solutions to training across corporate sectors and education sector. The high investment made by different governments to improve virtual classroom solutions is expected to support the expansion of the virtual classroom market in the years ahead. In Europe, the virtual classroom market is likely to register a high CAGR in the analysis period due to increase in the need for online training and education facilities in the pandemic. In Asia Pacific, the virtual classroom market expected to emerge due the availability of excellent digital solutions with high connectivity.
The easy access to high-end digital solutions can support the expansion of the virtual classroom market in India and Japan. The existence of a high number of vendors dealing in components for virtual classroom can support the expansion of the regional market across the assessment period. The rise in the number of different educational institutions that are adopting virtual classroom solutions can support the rise of APAC virtual classroom market across the analysis period.
Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
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List of Tables
Table 1 Virtual Classroom Market, By Type
Table 2 Virtual Classroom Market, By Service
Table 3 Virtual Classroom Market, By Deployment
Table 4 Virtual Classroom Market, By Application
Table 5 Virtual Classroom Market, By Organization Size
List of Figures
Figure 1 Research Type
Figure 2 Virtual Classroom Market: By Type (%)
Figure 3 Virtual Classroom Market: By Service (%)
Figure 4 Virtual Classroom Market: By Deployment (%)
Figure 5 Virtual Classroom Market: By Application (%)
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