Virtual and Remote Laboratories Market in the US 2016-2020

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?

Technavio also offers customization on reports based on specific client requirement.

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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.