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Virtual Reality In Education Global Market Report 2024 – Market Size, Trends, And Forecast 2024-2033
LONDON, GREATER LONDON, UNITED KINGDOM, November 1, 2024 /EINPresswire.com/ -- The virtual reality in education market has experienced robust growth in recent years, expanding from $11.8 billion in 2023 to $16.42 billion in 2024 at a compound annual growth rate (CAGR) of 39.2%. The growth in the historic period can be attributed to increasing adoption of online education, growing demand for interactive and personalized learning experiences, rising adoption of virtual learning environments, growing adoption of vr to replace physical learning materials, increased accessibility and mobility of education.
What Is The Estimated Market Size Of The Global Virtual Reality In Education Market And Its Annual Growth Rate?
The virtual reality in education market is projected to continue its strong growth, reaching $61.55 billion in 2028 at a compound annual growth rate (CAGR) of 39.1%. The growth in the forecast period can be attributed to increasing internet penetration rates, rising demand for immersive learning experiences, growing adoption of vr in k-12, higher education, and vocational training, continuous investments in research and development, growing investment in vr educational content development.
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Growth Driver Of The Virtual Reality In Education Market
The increasing investment in virtual reality is expected to propel the growth of virtual reality in the education market going forward. Virtual reality (VR) is a technology that allows users to experience and interact with computer-generated, three-dimensional environments that can be similar to or entirely different from the real world. The rising investments in virtual reality is revolutionizing education by providing immersive and interactive learning experiences that enhance comprehension and engagement among students.
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Who Are the Leading Competitors in the Virtual Reality In Education Market Share?
Key players in the market include Google LLC, Microsoft Corporation, Facebook Technologies LLC, International Business Machines Corporation, HTC Corporation, Unimersiv, SamsungSamsung Electronics Co Ltd, Lenovo Limited, Sony Corporation, Alchemy Immersive, Avantis Systems Ltd., Veative Labs Pvt. Ltd., VR Education Holdings plc, Cyberith Gmbh, Sixense Enterprises Inc., Vuzix Corporation, Schell Games LLC, Panasonic Holdings Corporation, Cornerstone OnDemand Inc., Blippar Limited, EON. Reality Inc., Treeview Co. Ltd., YORD Ltd., Immersive VR Education Limited, ThingLink Incorporated, Nearpod Inc., Oust Labs Pvt. Ltd., Filament Games LLC, Foundry 10, eXp World Technologies LLC
Which Key Trends Are Driving Virtual Reality In Education Market Growth?
Major companies operating in the virtual reality in the education market are launching innovative systems to address the need for inclusive training in the healthcare sector.
How Is The Global Virtual Reality In Education Market Segmented?
1) By Component: Hardware, Solutions and Software
2) By Deployment: Cloud, On-Premises
3) By Application: Residential, Academic And Training Institutions, Other Applications
Geographical Insights: North America Leading The Virtual Reality In Education Market
North America was the largest region in the market in 2023. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Virtual Reality In Education Market Definition
Virtual reality (VR) is an artificial environment created with software that is presented to the user so that the user stops believing and accepts it as a real environment.
Virtual Reality In Education Global Market Report 2024 from The Business Research Company covers the following information:
• Market size data for the forecast period: Historical and Future
• Macroeconomic factors affecting the market in the short and long run
• Analysis of the macro and micro economic factors that have affected the market in the past five years
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global virtual reality in education market report covering trends, opportunities, strategies, and more
The Virtual Reality In Education Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on virtual reality in education market size, virtual reality in education market drivers and trends, virtual reality in education market major players and virtual reality in education market growth across geographies. This report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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