Virtual Schools Market in the US 2015-2019
Outlook of the virtual school market in the US
The setup of virtual schools works best for parents with busy schedules and a career with high mobility. Hence virtual schools are more popular with children of expatriates, or families that are unable to enroll their children in traditional schools due to lifestyle, geographic, and time zone concerns. Technavio’s market research analysts project the virtual schools market in the US to grow at a CAGR of around 29% until 2019.
Virtual schools with flexible timings are also best suited for students pursuing core training in sports with a need to practice for 6-7 hours a day. Availability of vast course options such as language learning, technical education, music, and theatre in addition to the mandatory curriculum has also led to the rising popularity of virtual schools in the US.
Research scope and segmentation of the virtual school market in the US
To calculate market size, analysts have considered revenues generated from the enrolments at virtual schools across three categories:
- Primary schools
- High schools
- K-12 schools
Virtual schools market segmentation in the US by enrollment 2019:
Key market drivers, trends, and challenges
The convenience and ease of availing education programs without investing in hands on practical applications and classrooms drives the demand for virtual schools. The required expenditure of a virtual school is 50-60% less than the overall expense incurred in a traditional school environment.
User-friendly web conferencing solutions are fast emerging as a key trend in this market. The complexity of a web conferencing product tends to increase with the rise in integrated features. Hence, major vendors in this market are developing improved user interfaces that are capable of delivering effective lectures without any technical or operational glitches.
Top companies in the virtual school market in the US analyzed in this report
- Connections Academy
- Mosaica Education
- White Hat management
Other prominent vendors
- Edison Learning
- Glance Networks
- Haiku Learning
- Instant Presenter
- Onstream Media
- R-HUB Communications
- Saba Software
Key questions answered in the report
- What are the key factors driving the virtual school market in the US?
- What are the key market trends impacting the growth of the virtual school market in the US?
- What are the various opportunities and threats faced by the vendors in the virtual school market in the US?
- Key outcome of the five forces analysis on the virtual school market in the US?
- Growth forecast of the virtual school market in the US?
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