Global Virtual Reality Market in Education Sector 2018-2022

Earlier, the adoption of virtual reality (VR) hardware products was very low because they were extremely expensive to purchase. However, the affordability of VR gear has increased recently due to the developments in technology and the economies of scale possessed by major companies. Publisher’s market research report identifies the increased affordability of VR gear and virtual reality systems to be one of the primary growth drivers for the global virtual reality market in education sector till 2022. The development of commercial versions of the virtual reality headset such as VR cardboard by Google and Samsung virtual reality gear compatible with a smart phone is resulting in a reduced price of VR headgear. For instance, companies such as Oculus, HTC, and Sony have cut down their prices for VR gear. Publisher’s market research analysts predict that the virtual reality market in education sector will grow at a CAGR of more than 59% by 2022.

The growing focus on the use of modern technologies and infrastructure improvements in the Americas is resulting in an increased demand for VR gear and VR systems among consumers. The rising purchase volume of virtual reality hardware products in the region will drive the growth prospects for the virtual reality market in education sector throughout the estimated period.

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Companies covered

Characterized by the presence of several players, the virtual reality market in education sector appears to be highly fragmented. This industry research report offers information about the competitive environment among players in this marketspace and offers an analysis of key companies and their products. Additionally, our analysts also offer information about key areas the players currently focus on and strategies they follow to sustain the competition.

This research report provides an analysis of various companies in the VR in education sector market including

Alchemy VR

Avantis Education

EON Reality

Google

Oculus VR

Virtalis

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