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Global Virtual Reality in Education Market: By Component: Hardware, Solution, Software; By Deployment Mode: Cloud, On-Premises; By Application: Academic Institutions, Corporates; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Virtual Reality in Education Market Outlook

The global virtual reality in education market is projected to grow at a CAGR of 40% between 2021 and 2026.

 

Global Virtual Reality in Education Market

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Increasing Adoption of Technology in Education Industry to Boost the Market Growth

Earlier, because of their expensive cost, acceptance of virtual reality systems was poor. However, due to the rapid technological advancements and economies of scale of major corporations, the acceptance of virtual reality gear has increased. One of the main drivers of virtual reality growth in education is the rising affordability of virtual reality devices and applications. The industry is driven by the rising affordability of VR gear. Furthermore, an easy-to-use content production platform is also expected to fuel the growth of the global market for virtual reality in the education sector in the forecast period. North America had a significant market share of the virtual reality in the education industry worldwide. Throughout the forecast period, it is expected to continue its dominance. The main countries that drive the demand in this region are the U.S. and Canada.

 

Virtual Reality in Education: Industry Definition and Segmentation

Virtual reality permits a user to interact with a machine-created three-dimensional image or virtual world. Virtual reality improves the engagement of a pupil. It provides students with a new method of learning as a hands-on, interactive, immersive experience, offering exciting new experiences they could not have experienced before.

 

Global Virtual Reality in Education Market By Component

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By component, the market is divided into:

  • Hardware
  • Solution
  • Software

Based on deployment mode the market is bifurcated into:

  • Cloud
  • On-Premises

On the basis of application, the market is segmented into:

  • Academic Institutions
  • Corporates

Academic institutions are sub-divided on the basis of type into K-12, higher education, vocational training, among others, whereas corporates are sub-divided on the basis of type into healthcare and life sciences, IT and telecom, retail and e-commerce, BFSI, government and public sector, among others.

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Virtual Reality in Education Market By Region

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Increasing Education and Training Programs to Bolster The Virtual Reality in Education Industry

The various collaborations, such as the partnership of Queens University of Canada and SimforHealth with HTC to open a medical students' VR training facility to let them get the experience of real-time operations in an immersive virtual world, is invigorating the market growth of virtual reality in education. In the simulated world, HTC Vive may also provide a wide variety of clinical scenarios. In the coming years, this collaboration is projected to increase sales of virtual reality in the education industry. The rising number of social VR spaces will have a positive impact on the industry and will significantly contribute to its growth over the coming years. Virtual reality can substitute printed manuals, posters, textbooks, and physical paper models. It provides affordable, portable learning materials to help education become more accessible. All these aforementioned factors are expected to foster the market growth of virtual reality in education.

 

Key Industry Players in the Global Virtual Reality in Education Market

The report gives a detailed analysis of the following key players in the global virtual reality in education market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Google LLC
  • IBM Corporation
  • Samsung Electronics Co Ltd
  • Lenovo Group Limited
  • Sony Corp.
  • Avantis Systems Ltd
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description
    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary
    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Virtual Reality in Education Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Virtual Reality in Education Historical Market (2016-2020) 
    8.3    Global Virtual Reality in Education Market Forecast (2021-2026)
    8.4    Global Virtual Reality in Education Market by Component
        8.4.1    Hardware
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Solution
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    Software
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    Global Virtual Reality in Education Market by Deployment Mode
        8.5.1    Cloud
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    On-Premises
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
    8.6    Global Virtual Reality in Education Market by Application
        8.6.1    Academic Institutions
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
            8.6.1.4    Breakup by Types
                8.6.1.4.1    K-12
                    8.6.1.4.1.1    Market Share
                    8.6.1.4.1.2    Historical Trend (2016-2020)
                    8.6.1.4.1.3    Forecast Trend (2021-2026)
                8.6.1.4.2    Higher Education
                    8.6.1.4.2.1    Market Share
                    8.6.1.4.2.2    Historical Trend (2016-2020)
                    8.6.1.4.2.3    Forecast Trend (2021-2026)
                8.6.1.4.3    Vocational Training
                    8.6.1.4.3.1    Market Share
                    8.6.1.4.3.2    Historical Trend (2016-2020)
                    8.6.1.4.3.3    Forecast Trend (2021-2026)
                8.6.1.4.4    Others
        8.6.2    Corporates
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
            8.6.2.4    Breakup by Types
                8.6.2.4.1    Healthcare and Life Sciences
                    8.6.2.4.1.1    Market Share
                    8.6.2.4.1.2    Historical Trend (2016-2020)
                    8.6.2.4.1.3    Forecast Trend (2021-2026)
                8.6.2.4.2    IT and Telecom
                    8.6.2.4.2.1    Market Share
                    8.6.2.4.2.2    Historical Trend (2016-2020)
                    8.6.2.4.2.3    Forecast Trend (2021-2026)
                8.6.2.4.3    Retail and E-commerce
                    8.6.2.4.3.1    Market Share
                    8.6.2.4.3.2    Historical Trend (2016-2020)
                    8.6.2.4.3.3    Forecast Trend (2021-2026)
                8.6.2.4.4    BFSI
                    8.6.2.4.4.1    Market Share
                    8.6.2.4.4.2    Historical Trend (2016-2020)
                    8.6.2.4.4.3    Forecast Trend (2021-2026)
                8.6.2.4.5    Government and Public Sector
                    8.6.2.4.5.1    Market Share
                    8.6.2.4.5.2    Historical Trend (2016-2020)
                    8.6.2.4.5.3    Forecast Trend (2021-2026)
                8.6.2.4.6    Others
    8.7    Global Virtual Reality in Education Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape
    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Google LLC
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    IBM Corporation
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Samsung Electronics Co Ltd
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Lenovo Group Limited
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Sony Corp.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Avantis Systems Ltd
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    Others
13    Industry Events and Developments


List of Figures and Tables

1.    Global Virtual Reality in Education Market: Key Industry Highlights, 2016 and 2026
2.    Global Virtual Reality in Education Historical Market: Breakup by Component (USD Billion), 2016-2020
3.    Global Virtual Reality in Education Market Forecast: Breakup by Component (USD Billion), 2021-2026
4.    Global Virtual Reality in Education Historical Market: Breakup by Deployment Mode (USD Billion), 2016-2020
5.    Global Virtual Reality in Education Market Forecast: Breakup by Deployment Mode (USD Billion), 2021-2026
6.    Global Virtual Reality in Education Historical Market: Breakup by Application (USD Billion), 2016-2020
7.    Global Virtual Reality in Education Market Forecast: Breakup by Application (USD Billion), 2021-2026
8.    Global Virtual Reality in Education Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Virtual Reality in Education Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Virtual Reality in Education Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Virtual Reality in Education Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Virtual Reality in Education Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Virtual Reality in Education Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Virtual Reality in Education Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Virtual Reality in Education Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Virtual Reality in Education Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Virtual Reality in Education Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Virtual Reality in Education Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Virtual Reality in Education Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Global Virtual Reality in Education Market Structure

Key Questions Answered in the Report

What is the growth rate of the global virtual reality in education market?

The global virtual reality in education market is projected to grow at a CAGR of 40% between 2021 and 2026.

What are the major industry drivers?

The major drivers of the industry include increasing collaborations, partnerships between key players for delivering education and training programs, and rising affordability of virtual reality devices and applications, which are aiding the market growth.

What are the key industry trends of the virtual reality in education market?

Advances in technology and the advent of VR cardboard have enabled market players to dramatically reduce the cost of VR gear, which is expected to guide the industry's growth.

What are the major regional markets of virtual reality in education, according to the EMR report?

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

What are the leading components of virtual reality in education in the market?

The leading components of virtual reality in education in the market are hardware, solution, and software.

What are the major deployments modes in the industry?

The major deployments modes in the industry are cloud and on-premises.

What are the significant application segments in the market?

The significant application segments in the market are academic institutions (K-12, higher education, vocational training, and others) and corporates (healthcare and life sciences, IT and telecom, retail and e-commerce, BFSI, government and public sector, and others).

Who are the key industry players, according to the report?

The major players in the industry are Google LLC, IBM Corporation, Samsung Electronics Co Ltd, Lenovo Group Limited, Sony Corp., and Avantis Systems Ltd, among others.

Analyst Review

The global virtual reality in education market is being driven by the affordability of virtual reality devices and applications. Aided by the growing technological advancements, the market is expected to witness a robust growth in the forecast period of 2021-2026, growing at a CAGR of 40%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on component, the market is segmented into hardware, solution, and software. By deployment mode, the industry is divided into cloud and on-premises. On the basis of application, the market is bifurcated into academic institutions (K-12, higher education, vocational training, and others) and corporates (healthcare and life sciences, IT and telecom, retail and e-commerce, BFSI, government and public sector, and others). The major regional markets for virtual reality in education are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Google LLC, IBM Corporation, Samsung Electronics Co Ltd, Lenovo Group Limited, Sony Corp., and Avantis Systems Ltd, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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