Virtual Classroom Market Emerging Growth By Key Industry Players: Sony, Samsung Electronics, HTC , Google, Microsoft, Panasonic Corporation, Hitachi, Barco, LG Electronics , Veative Labs, Cisco and Others

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The Virtual Classroom Market is expected to grow from US$ 9.3 Billion in 2018 to US$ 19.6 Billion by 2023, at a Compound Annual Growth Rate (CAGR) of 16.2%. The market is driven by factors such as the wide acceptance of AR or VR for corporate training and development, continuous innovation in VR/AR technologies, demand for personalized learning experiences, use of connected devices in virtual classrooms.

“The analytics and data visualization segment to hold the highest growth rate during the forecast period”
Analytics and data visualization is gaining importance in virtual classrooms, as it helps track students’ performance as well as institutions’ performance related to teaching and learning practices. Additionally, the analytics software application helps understand people acquisition and retention, curriculum development and intervention management, performance management, operations management, and budgeting and finance management.

“The cloud deployment mode to have the highest CAGR during the forecast period”
This deployment model is preferred for its features, such as better and enhanced security, lower setup costs, easy accessibility, quicker deployment, high scalability, customizability, more storage space, ease of maintenance, automatic up gradation of course materials, and automatic licensing by vendors. The adoption of cloud-deployed virtual classroom solutions for training and development processes is growing rapidly, as organizations are focusing on planning cost-effective training programs through the adoption of the cloud technology.

“Asia Pacific (APAC)is projected to grow at the highest CAGR during the forecast period”
North America is estimated to hold the highest market share in 2018, while APAC is the fastest-growing region in terms of CAGR. The APAC countries are taking aggressive initiatives to upsurge their IT infrastructures, enabling commercial users to adopt cutting-edge technologies. The APAC region emerges as the fastest-growing market for smart education solutions, which drive the virtual classroom market in this region.

The breakup of primary participants is given below:
• By company: Tier 1 – 60%, Tier 2 – 25%, and Tier 3 – 15%
• By Designation: C-level – 48%, Director level – 28%, and Others – 24%
• By Region: North America – 35%, Europe – 28%, APAC – 23%, and RoW- 14%

The Study Objectives of this report are:

• To forecast the size of the market segments with respect to 5 main regions, namely, North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA)

• To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the virtual classroom market

• To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market

• To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall market

• To profile key market players, provide comparative analysis on the basis of business overviews, regional presence, product offerings, business strategies, and key financials, and illustrate the competitive landscape of the market

#Top Key Players in the “Virtual Classroom Market” include are Sony (Japan), Samsung Electronics (South Korea), HTC (Taiwan), Google (US), Microsoft (US), Panasonic Corporation (Japan), Hitachi (Japan), Barco (Belgium), LG Electronics (South Korea), Veative Labs (Singapore), Cisco (US), Blackboard (US), Dell (US), IBM (US), Saba Software (US), Oracle (US), Edvance360 (US), Electa Communications (US), BrainCert (US), SKYPREP (Canada), Impero Software (UK), WizIQ (India), BigBlueButton (US), Digital Samba (Spain), and TutorRoom (Taipei).

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Competitive Landscape of Virtual Classroom Market:
1 Competitive Leadership Mapping
1.1 Visionary Leaders
1.2 Innovators
1.3 Dynamic Differentiators
1.4 Emerging Companies
2 Strength of Product Portfolio (26 Players)
3 Business Strategy Excellence (26 Players)
4 Ranking of Key Players in the Virtual Classroom Software Market, 2018

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