Pune, India -- (SBWIRE) -- 01/24/2018 -- Virtual Classroom Market Overview:
Fast paced lifestyle which has become an inherent characteristic of today's, modern lifestyle, has given rise to concepts that enable ease of learning options. One such sector that is swiftly emerging is that of virtual classrooms. Market Research Future, a firm which specializes in market reports related to the information and communication technology sector among others, recently published a report on this market. The virtual classroom market is projected to grow to USD 12 Billion in revenues by 2023, while developing at 10% CAGR rate.

Digitization owing to technological advancements has led to an increased pace of development for this sector. As virtual classrooms save various expenses and overhead costs, they are increasingly being preferred by a growing breed of individuals who want to update their knowledge. The Virtual Classroom Market has a large consumer base mapping both rural and urban areas, so as to enable easy imparting of course materials. Availability of mobile learning applications and professional expertise coupled with technology and digital learning are among the key factors expected to influence market growth in the forecast period.

Industry Segments:
Virtual classroom market for segment on the basis of type, service, deployment, application and organization size.

By type, teleconferencing, world wide web and combination of teleconferencing & world wide web are the main categories for virtual classroom market.By Service, managed service and professional service are the two main categories. Deployment categories include cloud, on-premise. The application of the virtual classroom market can be found in sectors like government, enterprise/business education, professional services, healthcare, IT & telecommunication and school & college. Finally, the industry is also segmented by organization size into small and medium organization, large organization. School and colleges are estimated to be one of the major sectors generating demand of the sector.

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Detailed Regional Analysis:
On the basis of regional analysis, the market is segmented into North America, Europe, Asia-Pacific and Rest of the World. North America region is generating highest market share in the virtual classroom market owing to better network infrastructure, digitization and higher technology implementation. Digitization in North America is mainly due to the invention of advanced technology and economies benefitting from it. North America region is leading the industry due to presence of major players from the region in the virtual classroom market.

Global Competitive Analysis:
With the entry of new industry players in the segment, a trend of solid, volume-driven growth has been observed in the market with the addition of new and advanced products. Companies are aiming to capture & solidify their share of the market segment, by competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. The important players in the virtual classroom market are BrainCert (U.S.), SAP SE (Germany), Docebo (Italy), Saba Software (U.S.), Skyprep (Canada), Oracle Corporation (U.S.), Edvance360 (U.S.).

Latest Industry News
May 2017 Google's virtual education platform was available only to those with Gsuite for Education accounts. The tech giant has now made it available to everyone with a Google account. This move is being seen as facilitating both the teacher and the taught. If you have a Google account you can enrol and take part in the classes that are of interest to you.

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April 2017 Manipal University has finally launched its virtual classroom, the first session of which took place in Manipal Institute of Technology (MIT). This technology in the classroom will change the concept of teaching and learning in a classroom and advised all heads of institutions to make good use of the facility.

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