Virtual Reality In Education Global Market Report 2024

Description

“Virtual Reality In Education Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on virtual reality in education market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for virtual reality in education? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The virtual reality in education market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Component: Hardware; Solutions and Software
2) By Deployment: Cloud; On-Premises
3) By Application: Residential; Academic And Training Institutions; Other Applications
Companies Mentioned: Google LLC; Microsoft Corporation; Facebook Technologies LLC; International Business Machines Corporation; HTC Corporation
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Virtual reality (VR) constitutes a synthetic environment generated through software, designed to be perceived by the user in a manner that suspends disbelief, allowing them to perceive it as a genuine environment.

The fundamental elements integral to incorporating virtual reality into education encompass hardware, software, and solutions. Within the hardware realm of VR in education, there are devices dedicated to presenting virtual reality content, including head-mounted displays, VR headsets, and projectors. The deployment of virtual reality in education extends across various domains, such as residential, academic, and training institutions, and can be implemented through cloud-based systems or on-premises solutions.

The virtual reality in education market research report is one of a series of new reports from The Business Research Company that provides virtual reality in education market statistics, including virtual reality in education industry global market size, regional shares, competitors with virtual reality in education market share, detailed virtual reality in education market segments, market trends and opportunities, and any further data you may need to thrive in the virtual reality in the education industry. This virtual reality in education market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The virtual reality in education market size has grown exponentially in recent years. It will grow from $11. 8 billion in 2023 to $16. 42 billion in 2024 at a compound annual growth rate (CAGR) of 39. 2%. The rise observed in the historical period can be ascribed to the expanding acceptance of online education, a surge in the desire for interactive and customized learning encounters, an increased uptake of virtual learning environments, the growing utilization of virtual reality as a substitute for traditional learning materials, and the heightened accessibility and mobility of education.

The virtual reality in education market size is expected to see exponential growth in the next few years. It will grow to $61. 55 billion in 2028 at a compound annual growth rate (CAGR) of 39. 1%. The expansion anticipated in the forecast period can be credited to the escalating rates of internet penetration, a rising appetite for immersive learning encounters, the increasing integration of virtual reality (VR) in K-12, higher education, and vocational training, sustained investments in research and development, and the growing commitment to the development of VR educational content. Prominent trends expected in the forecast period encompass collaborative VR environments tailored for group learning, the utilization of VR for skill-based training and simulation, the incorporation of gamification elements in VR education, the advancement of VR educational analytics for performance tracking, and the integration of augmented reality (AR) with virtual reality in education.

The anticipated rise in internet penetration is set to be a driving force behind the growth of virtual reality in the education market over the forecast period. Given the pervasive influence of digital technology in people's lives, the internet serves as a pivotal platform for delivering virtual courses, offering a consistent interface, affordable connectivity, and a universally accessible medium. As of March 2021, global internet users numbered 5. 1 billion, as reported by Internet World Stats. Additionally, the Techjury report projects the global E-learning sector to reach $325 billion by 2021. Hence, the expanding reach of the internet is a key factor propelling the growth of virtual reality in the education sector.

Substantial investments in virtual reality are poised to contribute significantly to the growth of the education market in this domain. Virtual reality (VR) technology, enabling users to engage with computer-generated three-dimensional environments, is transforming education by providing immersive and interactive learning experiences that enhance student comprehension and engagement. Notably, data from UKTN reveals that total investments in the UK's virtual reality sector reached £154 million in 2021, marking a noteworthy increase from the £90 million reported in 2020. This surge in investment is a crucial driver fueling the growth of virtual reality in education.

The evolution of Augmented Reality (AR) applications, leveraging the advancements in upcoming 5G technology, is shaping the landscape of virtual reality in education. The high-speed capabilities of 5G facilitate hands-on experiences and seamless access to applications, overcoming the limitations faced by 4G in deploying Virtual or Augmented Reality in educational settings. Applications developed through this technology assist students in addressing learning challenges, offering the convenience of remote education along with swift access to cloud-based materials. For instance, a collaborative effort by Fisk University, HTC VIVE, T-Mobile, and VictoryXR resulted in the launch of an interactive 5G-enabled VR human cadaver lab in March 2021, providing an innovative learning environment for pre-med and biology-related majors.

Prominent companies in the virtual reality education sector are introducing innovative systems to meet the demand for inclusive training, particularly in healthcare. VRSim, a US-based provider of virtual reality training solutions, unveiled VRNA in April 2022, a state-of-the-art virtual reality training system designed to prepare users for Certified Nursing Assistant (CNA) clinical training and exams. VRNA offers a portable and engaging virtual environment for practicing patient care skills, enhancing instructional efficiency, and providing students with a risk-free learning experience. This technological advancement aims to support CNA programs, catering to diverse learning styles and offering more inclusive educational opportunities for entry-level healthcare careers.

In August 2021, the India-based multinational educational technology company Byju's acquired Whodat Tech Private Limited, an augmented reality and virtual reality solutions provider, signaling Byju's expansion into a broader portfolio of education products incorporating virtual reality.

Major companies operating in the in the virtual reality in education market report are Google LLC, Microsoft Corporation, Facebook Technologies LLC, International Business Machines Corporation, HTC Corporation, Unimersiv, SamsungSamsung Electronics Co Ltd, Lenovo Limited, Sony Corporation, Alchemy Immersive, Avantis Systems Ltd., Veative Labs Pvt. Ltd., VR Education Holdings plc, Cyberith Gmbh, Sixense Enterprises Inc., Vuzix Corporation, Schell Games LLC, Panasonic Holdings Corporation, Cornerstone OnDemand Inc., Blippar Limited, EON. Reality Inc., Treeview Co. Ltd., YORD Ltd., Immersive VR Education Limited, ThingLink Incorporated, Nearpod Inc., Oust Labs Pvt. Ltd., Filament Games LLC, Foundry 10, eXp World Technologies LLC

North America was the largest region in the virtual reality in education market in 2023. The regions covered in the virtual reality in education market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the virtual reality in education market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The virtual reality in the education market includes revenues earned by entities offering hardware and software in the education industry that have the potential to transform the theoretical aspects in books to reality using virtual reality features. Virtual reality is a computed-enabled simulation that is presented using projectors and computer programming. Virtual reality in education is being applied in all levels of education today including K-12, higher education, and vocational training. TValues in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r10656

1. Executive Summary

2. Virtual Reality In Education Market Characteristics

3. Virtual Reality In Education Market Trends And Strategies

4. Virtual Reality In Education Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Virtual Reality In Education Market Size and Growth

5.1. Global Virtual Reality In Education Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Virtual Reality In Education Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Virtual Reality In Education Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Virtual Reality In Education Market Segmentation

6.1. Global Virtual Reality In Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Hardware
Solutions
Software
6.2. Global Virtual Reality In Education Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Cloud
On-Premise
6.3. Global Virtual Reality In Education Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Residential
Academic And Training Institutions
Other Applications

7. Virtual Reality In Education Market Regional And Country Analysis

7.1. Global Virtual Reality In Education Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Virtual Reality In Education Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Virtual Reality In Education Market

8.1. Asia-Pacific Virtual Reality In Education Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Virtual Reality In Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Virtual Reality In Education Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. 4. Asia-Pacific Virtual Reality In Education Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Virtual Reality In Education Market

9.1. China Virtual Reality In Education Market Overview
9.2. China Virtual Reality In Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Virtual Reality In Education Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9. 4. China Virtual Reality In Education Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Virtual Reality In Education Market

10.1. India Virtual Reality In Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Virtual Reality In Education Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Virtual Reality In Education Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Virtual Reality In Education Market

11.1. Japan Virtual Reality In Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Virtual Reality In Education Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Virtual Reality In Education Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Virtual Reality In Education Market

12.1. Australia Virtual Reality In Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Virtual Reality In Education Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Virtual Reality In Education Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Virtual Reality In Education Market

13.1. Indonesia Virtual Reality In Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Virtual Reality In Education Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Virtual Reality In Education Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Virtual Reality In Education Market

14.1. South Korea Virtual Reality In Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Virtual Reality In Education Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Virtual Reality In Education Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Virtual Reality In Education Market

15.1. Western Europe Virtual Reality In Education Market Overview
15.2. Western Europe Virtual Reality In Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Virtual Reality In Education Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. 4. Western Europe Virtual Reality In Education Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Virtual Reality In Education Market

16.1. UK Virtual Reality In Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Virtual Reality In Education Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Virtual Reality In Education Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Virtual Reality In Education Market

17.1. Germany Virtual Reality In Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Virtual Reality In Education Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Virtual Reality In Education Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Virtual Reality In Education Market

18. 5. France Virtual Reality In Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 6. France Virtual Reality In Education Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 7. France Virtual Reality In Education Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Virtual Reality In Education Market

19. 9. Italy Virtual Reality In Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Virtual Reality In Education Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Virtual Reality In Education Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Virtual Reality In Education Market

20.13. Spain Virtual Reality In Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Virtual Reality In Education Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Virtual Reality In Education Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Virtual Reality In Education Market

21.1. Eastern Europe Virtual Reality In Education Market Overview
21.2. Eastern Europe Virtual Reality In Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Virtual Reality In Education Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. 4. Eastern Europe Virtual Reality In Education Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Virtual Reality In Education Market

22.1. Russia Virtual Reality In Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Virtual Reality In Education Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Virtual Reality In Education Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Virtual Reality In Education Market

23.1. North America Virtual Reality In Education Market Overview
23.2. North America Virtual Reality In Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Virtual Reality In Education Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. 4. North America Virtual Reality In Education Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Virtual Reality In Education Market

24.1. USA Virtual Reality In Education Market Overview
24.2. USA Virtual Reality In Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Virtual Reality In Education Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. 4. USA Virtual Reality In Education Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Virtual Reality In Education Market

25.1. Canada Virtual Reality In Education Market Overview
25.2. Canada Virtual Reality In Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Virtual Reality In Education Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. 4. Canada Virtual Reality In Education Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Virtual Reality In Education Market

26.1. South America Virtual Reality In Education Market Overview
26.2. South America Virtual Reality In Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Virtual Reality In Education Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. 4. South America Virtual Reality In Education Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Virtual Reality In Education Market

27.1. Brazil Virtual Reality In Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Virtual Reality In Education Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Virtual Reality In Education Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Virtual Reality In Education Market

28.1. Middle East Virtual Reality In Education Market Overview
28.2. Middle East Virtual Reality In Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Virtual Reality In Education Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. 4. Middle East Virtual Reality In Education Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Virtual Reality In Education Market

29.1. Africa Virtual Reality In Education Market Overview
29.2. Africa Virtual Reality In Education Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Virtual Reality In Education Market, Segmentation By Deployment, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. 4. Africa Virtual Reality In Education Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Virtual Reality In Education Market Competitive Landscape And Company Profiles

30.1. Virtual Reality In Education Market Competitive Landscape
30.2. Virtual Reality In Education Market Company Profiles
- 30.2.1. Google LLC
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1. 4. Financial Performance
- 30.2.2. Microsoft Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2. 4. Financial Performance
- 30.2.3. Facebook Technologies LLC
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3. 4. Financial Performance
- 30.2. 4. International Business Machines Corporation
  - 30.2. 4.1. Overview
  - 30.2. 4.2. Products and Services
  - 30.2. 4.3. Strategy
  - 30.2. 4. 4. Financial Performance
- 30.2. 5. HTC Corporation
  - 30.2. 5.1. Overview
  - 30.2. 5.2. Products and Services
  - 30.2. 5.3. Strategy
  - 30.2. 5. 4. Financial Performance

31. Global Virtual Reality In Education Market Competitive Benchmarking

32. Global Virtual Reality In Education Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Virtual Reality In Education Market

34. Virtual Reality In Education Market Future Outlook and Potential Analysis

34.1 Virtual Reality In Education Market In 2028 - Countries Offering Most New Opportunities
34.2 Virtual Reality In Education Market In 2028 - Segments Offering Most New Opportunities
34. 3 Virtual Reality In Education Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35. 4. Research Inquiries
35. 5. The Business Research Company
35. 6. Copyright And Disclaimer