Virtual classroom market is anticipated to grow at a significant CAGR of around 16.1% during the forecast period. A virtual classroom is a video conferencing tool where instructors and participants engage with each other and with the learning material. Now, by adopting smartphones, users can access a huge amount of data via the internet, anytime and anywhere. – transcending the barriers of time and space. Individuals are granted access to programs by different schools and institutions that enable them to earn online degrees and expand their skill sets. A surge in the number of smartphones is fueling the growth of the virtual classroom market globally. For instance, according to Pew Research Center, Americans are increasingly connected to the world of digital information while “on the go” via smartphones and other mobile devices. The share of Americans that own a smartphone is 85% in 2020, up from just 35% in Pew Research Center’s first survey of smartphone ownership conducted in 2011.
However, areas with limited or slow internet access render a threat to the growth of the eLearning virtual classroom market. Also, the development of this technology requires expertise, and people with no prior knowledge of the technology feel reluctant to make the transition from the conventional form of learning to online learning.
The COVID-19 has resulted in schools shutting globally. Education has changed dramatically, with the distinctive rise of e-learning, whereby teaching is undertaken remotely and on digital platforms. In response to significant demand, many online learning platforms are offering free access to their services, including platforms like BYJU’S, a Bangalore-based educational technology and online tutoring firm. Even to follow social distancing, corporates are scheduling their meetings and training via virtual mode, which is boosting the virtual classroom market.
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Virtual Classroom Market Segmentation
By Deployment Mode
- Cloud
- On-Premises
By Component
- Hardware
- Solutions
- Services
By End User
- Academic Institutions
- Corporates
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Barco NV
- BigBlueButton
- Blackboard Inc.
- Digital Samba SL
- Edvance360
- Electa Communications Ltd.
- HTC Corp.
- IBM Corp.
- Impero Group
- LG Electronics Inc.
- Microsoft Corp.
- Oracle Corp.
- Panasonic Corp.
- Samsung Electronics Co., Ltd.
- Saba Software
- SkyPrep Inc.
- Sony Corp.
- TutorRoom
- Veative Labs
- WizIQ Inc.
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