Overview of the global cloud-based virtual learning platform market
The global market for cloud-based virtual learning platforms will grow at a significant CAGR of over 25% during the forecast period. Due to the rising credibility of e-learning, the prevalence of online and distance modes of education has been gaining popularity. Consequently, the educators and education technology companies have been compelled to develop solutions to make virtual learning more effective. As virtual learning platforms encourage institutions to conduct virtual classes without compromising on student engagement, interactivity, collaborative learning, and implementation and maintenance costs, they are increasingly being coupled with cloud computing to enhance the overall process of learning among students.
Technavio’s market research analyst has estimated eminent factors like the advent of user-friendly web conferencing solutions to drive the prospects for market growth until the end of 2020. The development of web conferencing solutions will have a significant impact on the market as they are used as a part of online learning to enable effective interaction among learners. Benefits such as two-way VoIP, built-in phone conferencing, application and desktop sharing, and session recording will result in the augmented adoption of user-friendly web conferencing solutions as it will help to keep hundreds of students engaged in a virtual learning platform.
Segmentation by end users and analysis of the cloud-based virtual learning platform market
Higher education institutions
The higher education institutions segment dominated this market during 2015 and is anticipated to retain its hold over the market until 2020 owing to the availability of a large number of universities offering post-graduate and certification courses online. Also, the acquisition of various educational hardware like Interactive Whiteboards (IWBs), projectors, and tablets will also help in the growth of this market segment as it will help universities to stay updated with the trend of digitization. According to this market research, the higher education institutions segment will account for nearly 58% of the total market share by 2020.
Geographical segmentation and analysis of the cloud-based virtual learning platform market
In this market research information, the analysts have estimated the Americas to be the largest market for cloud-based virtual learning platforms during the estimated period. Factors such as the availability of robust digital infrastructure in most schools and colleges across the US will result in this region’s impressive market growth rate of almost 23% by 2020.
Competitive landscape and key vendors
The global cloud-based virtual learning platform market will experience immense growth throughout the forecast period and will offer numerous opportunities for vendors to explore the market by designing software to fulfil the needs of stakeholders in the industry. In this market, the large vendors are investing in R&D to introduce industry-specific software as it will help them to bolster their market shares.
The leading vendors in the market are -
Other prominent vendors analyzed in this market study are BizLibrary, BIS training, Degreed, and Moodle.
Key questions answered in the report include
What will the market size and the growth rate be in 2020?
What are the key factors driving the global cloud-based virtual learning platform market?
What are the key market trends impacting the growth of the global cloud-based virtual learning platform market?
What are the challenges to market growth?
Who are the key vendors in the global cloud-based virtual learning platform market?
What are the market opportunities and threats faced by the vendors in the global cloud-based virtual learning platform market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA.
What are the key outcomes of the five forces analysis of the global cloud-based virtual learning platform market?
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