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Virtual and Remote Laboratories Market in the US 2016-2020

  • Published: May 2016
  • Pages: 61
  • SKU: IRTNTR9292
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This market research report presents detailed segmentation of the virtual and remote laboratories market in the US by product (remote and virtual laboratories) and by end-users (institutions and individual learners). The major players in this market include Labicom, Labster, Macmillan, and McGraw-Hill Education.

Overview of the virtual and remote laboratories market in the US      

Technavio’s market research analysts estimate the virtual and remote laboratories market in the US to grow at a high CAGR of more than 36% by 2020. The concept of virtual and remote laboratories has led to cross-institutional cooperation, where students of one university can access virtual and remote laboratories of other educational institutions. Virtual and remote laboratories provide a cost-efficient learning method, encouraging institutions to support distance education. It gives students the option to record their laboratory experiments and observations so that they can use it as a reference in the future. Institutions with limited expenditure will increase their usage of remote laboratories in the coming years, thereby contributing to the market’s growth.

One of the latest trends gaining prominence in the market is the integration of learning management systems (LMS) with virtual and remote laboratories. This combination plans, implements, and evaluates the learning processes, thereby helping instructors to offer a holistic e-learning program to their students. For instance, UNEDLabs is a network of virtual and remote laboratories integrated with LMS features. It uses a booking system to control the accessibility of remote laboratories. With more institutions capitalizing on their LMS to offer better effective virtual and remote laboratory experiences, the growth prospects for this market is expected to increase during the forecast period.

Segmentation by product and analysis of the virtual and remote laboratories market in the US

  • Remote laboratories
  • Virtual laboratories

At present, the remote laboratories segment dominates the market, accounting for more than 55% of the overall market share. Remote laboratories have come out to be a viable solution for institutions who have restricted budgets but want to deliver quality education. Though the adoption of these laboratories in educational institutions in the US is in its nascent stage, however, the market is expecting their high implementation in the coming years.

Segmentation by end-user and analysis of the virtual and remote laboratories market in the US

  • Institutions
  • Individual learners

The institutions are the largest end-users of the virtual and remote laboratories market in the US and is expected to grow at a high CAGR of more than 38% by 2020. Much of this market’s growth comes from the customized offerings provided by market vendors at subsidized rates, especially for the institutional buyers. For instance, there are separate packages available for online institutions, brick and mortar institutions, and institutions offering blended learning solutions. Rapid growth in online learning market will propel institutions to have developed in-house virtual laboratories for efficient performance of students and faculty in the coming years.

Competitive landscape and key vendors

It is an emerging market which is expected to grow significantly over the next four years because of the growing Internet penetration and advances in the education technology market. Key vendors in the market are offering e-learning modules, e-books, and web-based offerings, to broaden their consumer base and deliver a better experience. Competition in this market is expected to intensify during the forecast period with the increase in the number of start-ups.

Key vendors in the market are -

  • Labicom 
  • Labster
  • Macmillan
  • McGraw-Hill Education

The other prominent vendors in the virtual and remote laboratories market in the US include Cengage Learning, John Wiley & Sons, Houghton Mifflin Harcourt, LabsLand, Pearson Education, and Smart Science Education.

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 virtual and remote laboratories market in the US?
  • What are the key market trends impacting the growth of the virtual and remote laboratories market in the US?
  • What are the challenges to market growth?
  • Who are the key vendors in the virtual and remote laboratories market in the US?
  • What are the market opportunities and threats faced by the vendors in the virtual and remote laboratories market in the US?
  • Trending factors influencing the market shares of the US region.
  • What are the key outcomes of the five forces analysis of the virtual and remote laboratories market in the US?

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Related reports

A virtual laboratory is an interactive environment that helps to create and conduct simulated experiments. Such laboratories allow students to create information on the Internet by collecting it from the physical world. Since these laboratories can be accessed remotely with the help of a computer, students can carry out real-time experiments from any location. This technology fosters the flexibility of laboratory education and introduces students to the new paradigm of remote experimentation. Vendors like Scholastic, Labicom, Technet Virtual Labs, and Pearson are some of the key players in this market space.

This region-based report, virtual and remote laboratories market in the US, is part of Technavio’s education portfolio. This portfolio provides a comprehensive market analysis along with the market share, market sizing, and market segmentations covering areas such as education technology, K12 and higher education, and school and college essentials. These market research reports provide a perspective on the various market opportunities and market threats along with the key trends that would influence the market growth during the forecast period. It presents insights into the changing competitive landscape and a detailed profiling and market analysis of the vendors. Also covered in the research are the key regions or countries that would have an impact on the market during the assessment years.

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Virtual and remote laboratories market in US
  • Five forces analysis

PART 06: Market segmentation by product

  • Virtual and remote laboratories market in US by product
  • Remote laboratories market in US
  • Virtual laboratories market in US

PART 07: Market segmentation by end-users

  • Virtual and remote laboratories market in US by end-users
  • Virtual and remote laboratories market in US in institutions
  • Virtual and remote laboratories market in US by individual learners

PART 08: Market drivers

  • STEM education initiatives in US
  • Stronger e-learning framework
  • Budget constraints in educational institutions
  • Growth of experiential and inquiry-based learning
  • Inclusion of virtual labs in new learning methodologies

PART 09: Impact of drivers

PART 10: Market challenges

  • Lack of interest in STEM education in US
  • Threat from free simulations and university projects
  • Availability of open source lab equipment and 3-D printers
  • Implementation issues

PART 11: Impact of drivers and challenges

PART 12: Market trends

  • Increase in investment and start-ups
  • Integration of LMS with virtual and remote laboratories
  • Virtual reality in virtual and remote laboratories
  • Augmented reality in virtual and remote laboratories
  • Integration of 3-D games with virtual laboratories

PART 13: Vendor landscape

  • Competitive scenario
  • Competitive benchmarking

PART 14: Key vendor analysis

  • Labicom
  • Labster
  • Macmillan Learning
  • McGraw-Hill Education

PART 15: Other prominent vendors

  • Other prominent vendors

PART 16: Appendix

  • List of abbreviations

PART 17: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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