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Virtual Reality In Education Market Huge Growth, Emerging Industry Players, Demand Overview And Trends | Global Forecast 2032 - Google, Microsoft Corporation, Facebook Technologies LLC, IBM Corporation, HTC Corporation
Virtual Reality In Education Market
Virtual Reality In Education Market Size, Growth Rate, And Forecast
The global virtual reality in education market size grew from $8.67 billion in 2022 to $11.95 billion in 2023 at a compound annual growth rate (CAGR) of 37.9%. 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, causing inflation across goods and services and affecting many markets across the globe. The virtual reality in education market size is expected to grow to $46.14 billion in 2027 at a CAGR of 40.2%.
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Virtual Reality In Education Market Drivers
The 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.
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Virtual Reality In Education Market Segments
• By Component: Hardware, Solutions and Software
• By Deployment: Cloud, On-Premises
• By Application: Residential, Academic And Training Institutions, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the virtual reality in education market.
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Virtual Reality In Education Market Key Players
Major competitors 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.
The Business Research Company's "Global Virtual Reality In Education Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Virtual Reality In Education Market Include:
1. Executive Summary
2. Virtual Reality In Education Market Characteristics
3. Virtual Reality In Education Market Trends And Strategies
4. Virtual Reality In Education Market - Macro Economic Scenario
5. Virtual Reality In Education Market Size And Growth
………………
27. Virtual Reality In Education Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Virtual Reality In Education Market
29. Virtual Reality In Education Market Future Outlook and Potential Analysis
30. Appendix
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