Virtual schools: Key market research findings
- User-friendly web conferencing solutions
- Usage of digital content
Technavio has released a new market research report on the virtual schools market in the US 2015-2019, which is expected to generate revenues of $4.5 billion between 2015 and 2019. 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. Of late, full-time virtual schools is gaining momentum within the US education market.
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.
“The convenience and ease of availing education programs without investing in hands on practical applications and classrooms drives the demand for virtual schools. 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,” says Jhansi Mary, Lead Analyst, Education, Technavio Research.
Virtual schools deliver content based on innovative technological tools such as learning management system (LMS), learning content management system (LCMS), and other authoring tools and software. Meanwhile the US government is increasingly promoting the usage of e-textbooks, graphics, and other interactive digital content to enhance the learning experience, primarily in the K-12 segment. Moreover, the NCLB Act and the introduction of standardized tests have led to the commercialization of the education system and have increased the focus on the K-12 and higher education sector.
The key vendors in the virtual schools market in the US include Connections Academy, K12, Mosaica Education, and White Hat management. Intense competition prevails in this market, where the market vendors are introducing innovative services and products to edge out the competition. The expanding nature of this market is paving new opportunities for new players.
A more detailed analysis is available in the Technavio report, Virtual Schools Market in the US 2015-2019.
We can customize reports by other regions and specific segments upon request.
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