Virtual Classrooms Market Overview
A virtual classroom is an e-learning concept that allows live interaction between the teachers and students as they are participating in learning activities. The virtual classroom platform enable students to access quality teachers from any part of the world so long as they both have a reliable internet connection.
The platform offers various key benefits including video/audio conferencing, real-time text chat, interactive online whiteboard, online essential library and learning materials, and teaching tools and controls (like a physical classroom). The wider adoption of virtual classrooms amid Covid-19 pandemic would expected to drive the growth of virtual classroom market
Impact of COVID-19 Pandemic Outbreak on Virtual Classrooms Market
The COVID-19 pandemic has resulted in shutdowns in schools and collages all across the world. Globally, over billions of children are out of the classroom. All the educational institutes including schools, colleges, universities, and corporates have been temporarily shut to prevent the spread of the virus and this has given way to online classrooms.
Even prior to COVID-19, the education technology market has shown rapid development in the past few years, and the market has grown with significant growth rate of around 15% CAGR in the past 5 years. The virtual classrooms market has shown significant growth during the pandemic, and is expected that the growth will increase by nearly 6% - 8% in Q1-Q3 2020.
Virtual classroom can enable teachers to complete their academics amid the lockdown seamlessly, and it is expected that it will continue to become a mainstay in the post-pandemic world as well.
Virtual Classrooms Market: - Market Dynamics
Rise in Adoption of Virtual Classrooms Platforms amid Lockdowns
One of the biggest sufferers of the COVID-19 pandemic and the resultant lockdown has been the existing education system. Schools and collages has been shut to prevent the spread of coronavirus. As a result, education systems has changed dramatically, with the distinctive rise of e-learning, whereby teaching is undertaken remotely and on digital platforms, a very new concept across the world even for the most sophisticated schools.
Virtual classrooms have been used by all sectors, including primary and higher education as well as corporate learning. It is expected that the use of virtual classrooms software would increase by a whopping 15% compounded annual growth rate by 2024. Thus, the increasing adoption of virtual classroom platform in multiple sectors would drive the market grown in the coming years.
Growing Number of Mobile Learning Applications would propel the market growth
The education sector has witnessed a drastic change due to new advanced technologies including smartphones and mobile learning applications. The rise in number of mobile learning applications, the growing technological advancements, and the ease of internet access help in providing a personalized learning experience for learners of all types.
Using mobile applications and advanced communication tools help students develop their skills by means of using the digital environment. Mobile learning applications is gaining popularity as it is accepted to be an effective technique of delivering lessons and acquiring knowledge as its main strengths are anytime and anyplace.
Virtual Classrooms Market: - Key Players
Key players in the virtual classrooms market are focusing on product innovation and strategic partnerships with the technology vendors to collaborate for offering advanced virtual classrooms solution and services to effectively conduct better leaning process. The major players offering virtual classrooms solutions include
- WizIQ Inc.
- Spark Hire
- Electa Live
- Electa Communications Ltd.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain of the global virtual classrooms market.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with virtual classrooms market attractiveness as per segments. The report on virtual classrooms market also maps the qualitative impact of various factors on virtual classrooms market segments and geographies.
Virtual Classrooms Market: - Segmentation
- Virtual Classrooms Software
- Professional Services
- Training and Education
- Support and Maintenance
- Managed Services
- Professional Services