This market research study presents a detailed segmentation of the virtual and remote laboratories market in Europe by product (remote and virtual) and by end user (institutions and individual learners). The key vendors in the market are Labster, Linkare, Macmillan, and McGraw-Hill Education.
Technavio’s market research analysts estimate the virtual and remote laboratories market in the US to grow at a CAGR of almost 37% between 2016 and 2020. The primary driver for the market is the increasing investments on science, technology, engineering and mathematics (STEM) education. Several biopharmaceutical companies and corporate foundations are contributing to STEM education through programs and initiatives, which are organized at the national, state, and local levels. The growth of experiential and inquiry-based learning is also expected to contribute to the growth of the virtual and remote laboratories market in this region during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the virtual and remote laboratories segments by product.
“Instructors are able to offer a holistic e-learning program to their students by integrating learning management systems (LMS) with virtual and remote laboratories. Such laboratories have the capability to offer educational tools to both learners and instructors in order to improve the learning process through experimentation. For instance, UNEDLabs uses a booking system to control accessibility of remote laboratories,” says Jhansi Mary, Lead Analyst, Education, Technavio Research.
The remote laboratories segment dominates the virtual and remote laboratories market in the US by accounting for over 55% of the overall market share. The adoption of remote laboratories in educational institutions in US is in its nascent stage is expected to propel the market growth manifold during the forecast period.
The key vendors in the virtual and remote laboratories market in the US include Labster, Linkare, Macmillan, and McGraw-Hill Education. 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 on the Technavio report, Virtual and Remote Laboratories Market in the US 2016-2020.
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