Virtual Reality In Education Market| Top Companies | Regional Scope, Segment Growth, Revenue Statistics | Industry Share Forecast

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 & Industry Analysis, By Component (Hardware, Software, Content), By Application (K-12, Higher Education, and Vocational Training), and Regional Forecast, 2019-2026"

The global virtual reality in education market size was USD 656.6 million in 2018 is projected to reach USD 13,098.2 million by 2026, exhibiting a CAGR of 42.9% during the forecast period.

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.

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Prominent Companies Present in the Virtual Reality in Education Market are:

Google
HTC Corporation
Facebook Technologies, LLC.
Samsung
Sony
Unimersiv
Alchemy Immersive
EON Reality Inc.
Schell Games
Veative Labs
Avantis Systems Ltd.
RegattaVR

Virtual reality has enormously transformed the education sector creating new ways to teach and learn. Virtual reality offers you an immersive environment to explore things out of the classroom. Visualization will help students to grasp information quickly and explore new ways of learning.

Telerobotics is a recent technological trend in the education domain. Telerobotics involves operating robots from a distance. Students can perform the task and make use of virtual reality to identify the actions of the robot. Moreover, students can experience the events that happened in history. VR is expected to offer the ability to travel in time and space and better enjoy learning time.

It is a fact that early education is all about learning through experience. Virtual reality has the potential to bring the information in the books to life using the VR features. The primary aim of virtual reality in education sector is to make education more effective and exciting. VR simulations provide an in-depth understanding of the concept of its applications in real life.

The benefits of VR in education are enhanced comprehension, increased collaboration, and improved performance. Students' knowledge will increase owing to the immersive experience in the virtual world. Virtual classrooms will help to increase peer-to-peer collaboration.When students are within the immersive learning environment, their focus and experimentation with things eventually improves the learning expirence and thus enhances their performance.

Market Segmentation -

By Component
Hardware
Software
Content
By Application
K-12
Higher Education
Vocational Training
By Region
North America (U.S. and Canada)
Europe (U.K., Germany, France, Italy, Switzerland , and Rest of Europe)
Asia Pacific (Japan, China, India, Southeast Asia, and Rest of Asia Pacific)
Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)

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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.

MARKET DRIVERS

The era of digitization and the growing adoption of online education has caused a major change in the education industry. The concept of the virtual classroom has been applied by various organizations in recent years. The main difference between the traditional and the virtual classroom is that the students or the participants may or may not be in the same area. They might use web cameras, microphones, or other devices for communication

Furthermore, the adoption of a virtual learning environment has offered a range of benefits over the traditional learning environment in the education sector including flexible schedule, more individual accountability, mobility, student-centered learning, and others. Despite these benefits, the virtual spaces require fewer costs than the cost needed to build a classroom infrastructure.

According to the factors mentioned above, we can conclude that increasing the adoption of the virtual learning environments and advances in VR headsets is likely to drive the virtual reality in education market growth during the forecast period.

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Table of Content -

Introduction
Definition, By Segment
Research Approach
Sources
Executive Summary
Market Dynamics
Drivers, Restraints and Opportunities
Emerging Trends
Key Insights
Macro and Micro Economic Indicators
Consolidated SWOT Analysis of Key Players
Global Virtual Reality in Education Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Size Estimates and Forecasts
By Component (Value)
Hardware
Software
Content
By Application (Value)
K-12
Higher Education
Vocational Training
By Geography (Value)
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
North America Virtual Reality in Education Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Size Estimates and Forecasts
By Component (Value)
Hardware
Software
Content
By Application (Value)
K-12
Higher Education
Vocational Training
By Country (Value)
United States
Canada
Europe Virtual Reality in Education Market Analysis, Insights and Forecast, 2015-2026
Key Findings / Summary
Market Size Estimates and Forecasts
By Component (Value)
Hardware
Software
Content
By Application (Value)
K-12
Higher Education
Vocational Training
By Country (Value)
UK
Germany
France
Italy
Switzerland
Rest of Europe
TOC Continued...!!!!

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