Virtual Reality in Education Market stood at USD 656.6 Million in 2018 and is projected to exhibit a CAGR of 42.9% from 2019 to 2026.
According to the report, The global virtual reality in education market size is predicted to reach USD 13,098.2 Million by 2026. The rising inclination towards providing quality education with advanced technology is one of the key factors propelling the growth of the virtual reality in education market, states Fortune Business Insights in a report, titled “Virtual Reality in Education Market Size, Share and Industry Analysis, By Component (Hardware, Software, Content), By Application (K-12, Higher Education, and Vocational Training), and Regional Forecast, 2019-2026”
Virtual Reality in Education Market stood at USD 656.6 Million in 2018 and is projected to exhibit a CAGR of 42.9% from 2019 to 2026.
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The key companies are planning and adopting market strategies to strengthen their position in the market. For instance, Oculus distributed a number of VR headsets and standalone Go headsets to education institutes across many countries. Furthermore, Oculus has also worked with the California state library, conducted research with MIT and Harvard universities to promote the VR headsets. These strategies will turn to boost the virtual reality in education market shares.
Report Overview –
The objective of the study is to define market sizes of different segments and countries in previous years and to forecast the values to the next Five years. The report is designed to incorporate both qualify qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers and restraining factors which will define the future growth of the market.
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Prominent Companies Present in the Virtual Reality in Education Market are:
Market Segmentation –
1. By Component
2. By Application
3. By Region
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Increasing Shift Towards VR Learning Environment will Spur Growth Prospects
The increasing adoption of online education will bode well for the market. The concept of a virtual classroom in various educational institutes and organizations will further enable the growth of the market. The gradual shift from the traditional learning environment to a virtual classroom, which includes web cameras, microphones, or other devices will stimulate the growth of the market. Furthermore, the increasing awareness about the benefits of virtual learning environment such as flexible schedule, more individual accountability, mobility, student-cantered learning, and others will propel the growth of the market. In addition, the lesser cost associated with the construction of classroom infrastructure will bolster the growth of the market.
Acquisition of Facebook to Spur Development
One of the Virtual Reality in Education Market trend is the acquisition of Oculus by Facebook. For instance, Facebook acquired Oculus and announced its distributing tethered, high powered Rift headsets and standalone Go headsets to serval educational institutes around the world starting with Seattle, Taiwan, and Japan. Oculus mentioned that it is working with schools and institutions in the US to use VR apps for education, training, and studies.
Table of Content –
5.Global Virtual Reality in Education Market Analysis, Insights and Forecast, 2015-20265.1.Key Findings / Summary5.2.Market Size Estimates and Forecasts5.2.1.By Component (Value)5.2.1.1.Hardware5.2.1.2.Software5.2.1.3.Content5.2.2.By Application (Value)5.2.2.1.K-125.2.2.2.Higher Education5.2.2.3.Vocational Training5.2.3.By Geography (Value)5.2.3.1.North America5.2.3.2.Europe5.2.3.3.Asia Pacific5.2.3.4.Middle East and Africa5.2.3.5.Latin America6.North America Virtual Reality in Education Market Analysis, Insights and Forecast, 2015-20266.1.Key Findings / Summary6.2.Market Size Estimates and Forecasts6.2.1.By Component (Value)6.2.1.1.Hardware6.2.1.2.Software6.2.1.3.Content6.2.2.By Application (Value)6.2.2.1.K-126.2.2.2.Higher Education6.2.2.3.Vocational Training6.2.3.By Country (Value)6.2.3.1.United States6.2.3.2.Canada7.Europe Virtual Reality in Education Market Analysis, Insights and Forecast, 2015-20267.1.Key Findings / Summary7.2.Market Size Estimates and Forecasts7.2.1.By Component (Value)7.2.1.1.Hardware7.2.1.2.Software7.2.1.3.Content7.2.2.By Application (Value)7.2.2.1.K-127.2.2.2.Higher Education7.2.2.3.Vocational Training7.2.3.By Country (Value)7.2.3.1.UK7.2.3.2.Germany7.2.3.3.France7.2.3.4.Italy7.2.3.5.Switzerland7.2.3.6.Rest of Europe8.Asia Pacific Virtual Reality in Education Market Analysis, Insights and Forecast, 2015-20268.1.Key Findings / Summary8.2.Market Size Estimates and Forecasts8.2.1.By Component (Value)8.2.1.1.Hardware8.2.1.2.Software8.2.1.3.Content8.2.2.By Application (Value)8.2.2.1.K-128.2.2.2.Higher Education8.2.2.3.Vocational Training8.2.3.By Country (Value)8.2.3.1.China8.2.3.2.Japan8.2.3.3.India8.2.3.4.South East Asia8.2.3.5.Rest of APAC9.Middle East and Africa Virtual Reality in Education Market Analysis, Insights and Forecast, 2015-20269.1.Key Findings / Summary9.2.Market Size Estimates and Forecasts9.2.1.By Component (Value)9.2.1.1.Hardware9.2.1.2.Software9.2.1.3.Content9.2.2.By Application (Value)9.2.2.1.K-129.2.2.2.Higher Education9.2.2.3.Vocational Training9.2.3.By Country (Value)9.2.3.1.GCC9.2.3.2.South Africa9.2.3.3.Rest of Middle East and Africa10.Latin America Virtual Reality in Education Market Analysis, Insights and Forecast, 2015-202610.1.Key Findings / Summary10.2.Market Size Estimates and Forecasts10.2.1.By Component (Value)10.2.1.1.Hardware10.2.1.2.Software10.2.1.3.Content10.2.2.By Application (Value)10.2.2.1.K-1210.2.2.2.Higher Education10.2.2.3.Vocational Training10.2.3.By Country (Value)10.2.3.1.Brazil10.2.3.2.Mexico10.2.3.3.Argentina10.2.3.4.Rest of Latin America
TOC Continued…!!!
Key Questions Answered:
• What are the key technological and trends shaping the Virtual Reality In Education Market?• What are the key opportunities in the Virtual Reality In Education Market?• What are the key companies operating in the Virtual Reality In Education Market?• Which company accounted for the highest Virtual Reality In Education Market share?• Why Choose Fortune Business Insights?• What is the market size and growth rate of the global and regional Virtual Reality In Education Market by various segments?• What is the market size and growth rate of the market for selective countries?• Which region or sub-segment is expected to drive the Virtual Reality In Education Market in the forecast period?• What Factors are estimated to drive and restrain the Virtual Reality In Education Market growth?
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