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(2022-2031) Virtual Reality In Education Global Market Analysis And Forecast | Technologies, Demand, Growth, Research And Development
Virtual Reality In Education Market
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The global virtual reality in the education market report by the business research company identifies increasing internet penetration will drive the growth of virtual reality in the education market during the forecast period. The internet plays a crucial role in people's lives today as a large portion of the population's lives are immersed in digital technology. The internet has become an effective platform for conducting virtual courses due to its consistent interface, lower connection cost, and universal appeal. For instance, according to the Internet World Stats report, global internet users reached 5.1 billion as of March 2021. Furthermore, according to the Techjury report, the global E-learning sector is expected to reach $325 Billion by 2021. Therefore, the increasing internet penetration propels the growth of virtual reality in the education market.
The global virtual reality in the education market is expected to increase from $6.37 billion in 2021 to $8.66 billion in 2022 at a compound annual growth rate (CAGR) of 36%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The virtual reality in the education market is expected to reach $32.94 billion in 2026 at a CAGR of 39.7%.
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North America was the largest region in the virtual reality in education market in 2021. The regions covered in the virtual reality in education market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Major players in the virtual reality in education market are Google, Microsoft Corporation, Facebook Technologies LLC, IBM Corporation, HTC Corporation, Unimersiv, Samsung, Lenovo Group Limited, Sony Corporation, Alchemy Immersive, Avantis Systems Ltd, Veative Labs Pvt. Ltd., VR Education Holdings, Cyberith, Sixense Enterprises Inc and Vuzix, Schell Games.
The global virtual reality in the education market is segmented -
1) By Component: Software, Hardware
2) By Types Of Games: Racing, Adventure, Fighting, Shooting, Mystery Thriller, Puzzle, Science Fiction, Others
3) By Device: Personal Computers, Gaming Consoles, Mobile Devices
4) By End-User: Commercial Space, Individual
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The Virtual reality in the education Market Report Contents Include
1. Executive Summary
2. Virtual reality in the education Market Characteristics
3. Virtual reality in the education Market Trends And Strategies
4. Virtual Reality In Education Market - Macro Economic Scenario
5. Virtual reality in the education Market Size And Growth
….....
28. Key Mergers And Acquisitions In The Virtual reality in the education Market
29. Virtual reality in the education Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the virtual reality in the education market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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