This market study report presents a comprehensive analysis of the key market trends and drivers that influence market growth. It also segments the global cloud-based virtual learning platform market by end users (higher education institutions and K-12 schools) and by geography (the Americas, APAC, and EMEA). The leading vendors in this market are Blackboard, Calten Softlabs, Skytaps, and WizIQ.
Technavio’s market research analysts estimate the global cloud-based virtual learning platform market to surpass $5 billion between 2016 and 2020. An online tutoring platform, the cloud-based virtual learning is database driven, and has content and tutoring delivery with collaboration features for student-tutor interactions. It provides educational institutions with formal courses, all forms of digital content, social features, competency-based learning, and assessments, and also integrates with talent management. The Americas holds the largest share in this market, owing to the availability of robust digital infrastructure in most schools and colleges across the US.
The new market research report from Technavio provides a breakdown and analysis of the cloud-based virtual learning platform segments by technology.
“One of the key trends gaining traction in this market is the introduction of user-friendly web conferencing solutions. The development of web conferencing solutions will have a significant impact on the market as they are used as a part of online learning to enable effective interaction among learners. Benefits such as two-way VoIP, built-in phone conferencing, application and desktop sharing, and session recording will result in the augmented adoption of user-friendly web conferencing solutions as it will help to keep hundreds of students engaged in a virtual learning platform,” says Jhansi Mary, Lead Analyst, Education, Technavio Research
Currently, the higher education institutions segment dominates this market, and is anticipated to retain its hold over the market until 2020 owing to the availability of a large number of universities offering post-graduate and certification courses online. Also, the acquisition of various educational hardware like Interactive Whiteboards (IWBs), projectors, and tablets will also help in the growth of this market segment as it will help universities to stay updated with the trend of digitization. According to this market research, the higher education institutions segment will account for nearly 58% of the total market share by 2020.
The key vendors in the global cloud-based virtual learning platform market include Blackboard, Calten Softlabs, Skytaps, and WizIQ. This market will experience immense growth throughout the forecast period and will offer numerous opportunities for vendors to explore the market by designing software to fulfil the needs of stakeholders in the industry. In this market, the large vendors are investing in R&D to introduce industry-specific software as it will help them to bolster their market shares.
A more detailed analysis is available in the Technavio report, Global Cloud-Based Virtual Learning Platform Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Education Hardware Market in India 2016-2020
- Global Digital Education Content Market 2015-2019
- Education IT Market in the US 2015-2019
- M-education Market in the US 2016-2020
Further reading:
