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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.
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.
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.
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.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Education technology - key developments
PART 06: Market overview
PART 07: Market segmentation by end user
PART 08: Geographical segmentation
PART 09: Market drivers
PART 10: Impact of drivers
PART 11: Market challenges
PART 12: Impact of drivers and challenges
PART 13: Market trends
PART 14: Vendor landscape
PART 15: Other prominent vendor
PART 16: Key vendor analysis
PART 17: Appendix
PART 18: Explore Technavio
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