Virtual Classroom Market
Global Virtual Classroom Market Size, Share & Trends Analysis Report by Deployment Mode (Cloud and On-Premises), By Component (Hardware, Solutions, and Services) End-Users (Academic Institutions and Corporates) for the Forecast Period (2021-2027). Update Available - Forecast 2024-2030
The global virtual classroom market is anticipated to grow at a significant CAGR of around 16.1% during the forecast period. A virtual classroom is a video conferencing tool where instructors and participants engage with each other and with the learning material. Now, by adopting smartphones, users can access a huge amount of data via the internet, anytime and anywhere. – transcending the barriers of time and space. Individuals are granted access to programs by different schools and institutions that enable them to earn online degrees and expand their skill sets. A surge in the number of smartphones is fueling the growth of the virtual classroom market globally. For instance, according to Pew Research Center, Americans are increasingly connected to the world of digital information while “on the go” via smartphones and other mobile devices. The share of Americans that own a smartphone is 85% in 2020, up from just 35% in Pew Research Center’s first survey of smartphone ownership conducted in 2011.
However, areas with limited or slow internet access render a threat to the growth of the eLearning virtual classroom market. Also, the development of this technology requires expertise, and people with no prior knowledge of the technology feel reluctant to make the transition from the conventional form of learning to online learning.
Impact of COVID-19 Pandemic on Global Virtual Classroom Market
The COVID-19 has resulted in schools shutting globally. Education has changed dramatically, with the distinctive rise of e-learning, whereby teaching is undertaken remotely and on digital platforms. In response to significant demand, many online learning platforms are offering free access to their services, including platforms like BYJU’S, a Bangalore-based educational technology and online tutoring firm. Even to follow social distancing, corporates are scheduling their meetings and training via virtual mode, which is boosting the virtual classroom market..
Segmental Outlook
The global virtual classroom market is segmented based on the deployment type, component, and end-users. Based on deployment mode, the market is bifurcated into cloud and on-premises. Based on component, the market is sub-segmented into hardware, solutions, and services. Based on the end-users, the market is divided into academic institutions and corporates. Among these, academic institution holds a significant share due to the adoption of education through online mode. Due to the COVID-19 pandemic, tutors and students shifted towards virtual classrooms.
Global Virtual Classroom Market Share by Component, 2020 (%)
The Services Segment Holds the Major Share in the Global Virtual Classroom Market.
Based on the component, the services segment is expected to hold the prominent shares due to the increase in adoption of virtual classrooms in corporate training and for educational purposes.. Virtual classroom services are providing services such as professional services, training and consulting, deployment and integration. Additionally, it also provides support and maintenance and managed services from anywhere at any time, due to which such services are being deployed by the big organizations hence drives the market growth.
Regional Outlooks
The global virtual classroom market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). North America is expected to hold the projected share in the market due to the availability of advanced educational systems and the availability of institutes across various countries. Moreover, the adoption of virtual reality in corporates for training and development is supporting the virtual classroom market during the forecast period 2021-2027.
Global Virtual Classroom Market Growth, by Region 2021-2027
The Asia-Pacific Region is Projected to grow at highest CAGR in the Global Virtual Classroom Market.
The Asia-Pacific is expected to be the fastest growing due increase in the adoption of virtual education in developing countries. Due to COVID-19 individuals are shifting towards virtual mode for education and training purposes, driving the growth of the market. . Surging expectation for mobility as well as flexible learning which allows students and employees to access education materials without ensuring physical presence in the region is the another prominent factor for the market growth. As a result, education has changed dramatically, with the distinctive rise of e-learning, whereby teaching is undertaken remotely and on virtual platforms. Moreover, considering the alternative of no schooling, online schooling has been an important tool to sustain skills development during school closures.
Market Players Outlook
The major companies serving the global virtual classroom market include BrainCert Inc., Cisco Systems Inc., Dell Technologies, Google Inc., Hitachi Ltd., BigBlueButton Inc., Electa Communications, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in October 2020, Zoom launched a virtual classroom experience for its popular meeting platform. The company developed a set of innovative features that extend the capabilities of Zoom, that are specifically designed to support students (and tutors) in delivering education online through video conferencing. The product will enable those involved in teaching to link to syllabus materials, track attendance, hand out assignments, give students quizzes and quick tests, grade work. Moreover, It also includes tools so they can talk one-to-one with students, provide resources, website links, and videos, link to materials on Blackboard and Moodle, and access an online whiteboard, all within Zoom.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global virtual classroom market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Virtual Classroom Market
• Recovery Scenario of Global Virtual Classroom Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. BrainCert Inc.
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Cisco Systems, Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Dell Technologies, Inc.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Google Inc.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Hitachi Ltd.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Virtual Classroom Market by Deployment Mode
4.1.1. Cloud
4.1.2. On-Premises
4.2. Global Virtual Classroom Market by Component
4.2.1. Hardware
4.2.2. Solutions
4.2.3. Services
4.3. Global Virtual Classroom Market by End User
4.3.1. Academic Institutions
4.3.2. Corporates
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Barco NV
6.2. BigBlueButton
6.3. Blackboard Inc.
6.4. Digital Samba SL
6.5. Edvance360
6.6. Electa Communications Ltd.
6.7. HTC Corp.
6.8. IBM Corp.
6.9. Impero Group
6.10. LG Electronics Inc.
6.11. Microsoft Corp.
6.12. Oracle Corp.
6.13. Panasonic Corp.
6.14. Samsung Electronics Co., Ltd.
6.15. Saba Software
6.16. SkyPrep Inc.
6.17. Sony Corp.
6.18. TutorRoom
6.19. Veative Labs
6.20. WizIQ Inc.
1. GLOBAL VIRTUAL CLASSROOM MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2020-2027 ($ MILLION)
2. GLOBAL CLOUD BASED VIRTUAL CLASSROOM MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL ON-PREMISE VIRTUAL CLASSROOM MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL VIRTUAL CLASSROOM MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
5. GLOBAL HARDWARE FOR VIRTUAL CLASSROOM MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL SOLUTIONS FOR VIRTUAL CLASSROOM MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL SERVICES FOR VIRTUAL CLASSROOM MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL VIRTUAL CLASSROOM MARKET RESEARCH AND ANALYSIS BY END USER, 2020-2027 ($ MILLION)
9. GLOBAL VIRTUAL CLASSROOM MARKET FOR ACADEMIC INSTITUTIONS RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL VIRTUAL CLASSROOM MARKET FOR CORPORATES RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
11. GLOBAL VIRTUAL CLASSROOM MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
12. NORTH AMERICAN VIRTUAL CLASSROOM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
13. NORTH AMERICAN VIRTUAL CLASSROOM MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2020-2027 ($ MILLION)
14. NORTH AMERICAN VIRTUAL CLASSROOM MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
15. NORTH AMERICAN VIRTUAL CLASSROOM MARKET RESEARCH AND ANALYSIS BY END USER, 2020-2027 ($ MILLION)
16. EUROPEAN VIRTUAL CLASSROOM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
17. EUROPEAN VIRTUAL CLASSROOM MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2020-2027 ($ MILLION)
18. EUROPEAN VIRTUAL CLASSROOM MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
19. EUROPEAN VIRTUAL CLASSROOM MARKET RESEARCH AND ANALYSIS BY END USER, 2020-2027 ($ MILLION)
20. ASIA-PACIFIC VIRTUAL CLASSROOM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
21. ASIA-PACIFIC VIRTUAL CLASSROOM MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2020-2027 ($ MILLION)
22. ASIA-PACIFIC VIRTUAL CLASSROOM MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
23. ASIA-PACIFIC VIRTUAL CLASSROOM MARKET RESEARCH AND ANALYSIS BY END USER, 2020-2027 ($ MILLION)
24. REST OF THE WORLD VIRTUAL CLASSROOM MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
25. REST OF THE WORLD VIRTUAL CLASSROOM MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2020-2027 ($ MILLION)
26. REST OF THE WORLD VIRTUAL CLASSROOM MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2020-2027 ($ MILLION)
27. REST OF THE WORLD VIRTUAL CLASSROOM MARKET RESEARCH AND ANALYSIS BY END USER, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL VIRTUAL CLASSROOM MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL VIRTUAL CLASSROOM MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL VIRTUAL CLASSROOM MARKET, 2021-2027 (%)
4. GLOBAL VIRTUAL CLASSROOM MARKET SHARE BY DEPLOYMENT MODE, 2020 VS 2027 (%)
5. GLOBAL CLOUD BASED VIRTUAL CLASSROOM MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL ON-PREMISES VIRTUAL CLASSROOM MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL VIRTUAL CLASSROOM MARKET SHARE BY COMPONENT, 2020 VS 2027 (%)
8. GLOBAL VIRTUAL CLASSROOM HARDWARE MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL VIRTUAL CLASSROOM SOLUTIONS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL VIRTUAL CLASSROOM SERVICES MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL VIRTUAL CLASSROOM MARKET SHARE BY END-USER, 2020 VS 2027 (%)
12. GLOBAL VIRTUAL CLASSROOM FOR ACADEMIC INSTITUTION MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL VIRTUAL CLASSROOM FOR CORPORATES MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
14. GLOBAL VIRTUAL CLASSROOM MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
15. US VIRTUAL CLASSROOM MARKET SIZE, 2020-2027 ($ MILLION)
16. CANADA VIRTUAL CLASSROOM MARKET SIZE, 2020-2027 ($ MILLION)
17. UK VIRTUAL CLASSROOM MARKET SIZE, 2020-2027 ($ MILLION)
18. FRANCE VIRTUAL CLASSROOM MARKET SIZE, 2020-2027 ($ MILLION)
19. GERMANY VIRTUAL CLASSROOM MARKET SIZE, 2020-2027 ($ MILLION)
20. ITALY VIRTUAL CLASSROOM MARKET SIZE, 2020-2027 ($ MILLION)
21. SPAIN VIRTUAL CLASSROOM MARKET SIZE, 2020-2027 ($ MILLION)
22. REST OF EUROPE VIRTUAL CLASSROOM MARKET SIZE, 2020-2027 ($ MILLION)
23. INDIA VIRTUAL CLASSROOM MARKET SIZE, 2020-2027 ($ MILLION)
24. CHINA VIRTUAL CLASSROOM MARKET SIZE, 2020-2027 ($ MILLION)
25. JAPAN VIRTUAL CLASSROOM MARKET SIZE, 2020-2027 ($ MILLION)
26. SOUTH KOREA VIRTUAL CLASSROOM MARKET SIZE, 2020-2027 ($ MILLION)
27. REST OF ASIA-PACIFIC VIRTUAL CLASSROOM MARKET SIZE, 2020-2027 ($ MILLION)
28. REST OF THE WORLD VIRTUAL CLASSROOM MARKET SIZE, 2020-2027 ($ MILLION)
