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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.
To calculate market size, analysts have considered revenues generated from the enrolments at virtual schools across three categories:
Virtual schools market segmentation in the US by enrollment 2019:
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.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: US economy overview
PART 06: Market landscape
PART 07: Market segmentation by enrollment
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Other prominent vendors
PART 16: Appendix
PART 17: Explore Technavio
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