Virtual and remote laboratories: Key market research findings
- Growing instances of cross-institution and distance learning
- Integration of LMS with virtual and remote laboratories
- Leading players include Labster, Linkare, Macmillan, and McGraw-Hill Education
Technavio has released a new market research report on the virtual and remote laboratories market in Europe, which is expected to surpass $900 million between 2016 and 2002. Virtual and remote laboratories are online labs that have become the catalyst for upgrading learning processes in several European universities. The primary factors boosting growth prospects for this market include development of online programs by most universities, rise in enrollment by students for massive open online courses (MOOCs), and collaboration between the companies offering virtual labs and universities to develop virtual and remote labs. With a stronger e-learning framework and growing demand for distance education, the market for virtual and remote laboratories in Europe will witness huge growth during the forecast period.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Virtual and remote laboratories can be integrated with learning management system (LMS) to plan, implement, and evaluate the learning process. Laboratories integrated with LMS offer educational tools to both the learners and instructors to improve the learning process through experimentation. The integration helps instructors to provide a holistic e-learning program to their students, which allows theory documentation and more interactivity among learners. 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,” says Jhansi Mary, Lead Analyst, Education, Technavio Research
Institutions are the largest end-users of virtual and remote laboratories and will continue to dominate the market by occupying almost 72% of the total market share by 2020. The customization of vendors’ offerings as per the requirements of their customers will lead to the growth of the institutions segment during the forecast period. In addition, the availability of incorporated offerings at subsidized rates for institutional buyers will also lead to the growth of this market segment over the next four years.
The virtual and remote laboratories market in Europe is an emerging market and is expected to gain traction quite quickly over the next few years. A major factor propelling this growth is the rising number of educational institutions that are trying to use the Internet and advances in educational technology to create new programs. Leading vendors are expanding into the digital domain to expand their product and consumer bases, whereas start-ups like Labster are using cutting edge technology to gain a market advantage.
A more detailed analysis is available in the Technavio report, Virtual and Remote Laboratories Market in Europe 2016-2020.
We can customize reports by other regions and specific segments upon request.
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