Virtual School Market Projected to Grow at a CAGR of 12.8% by 2028 | Report by Introspective Market Research
Published April 14, 2023
The global virtual school market is valued at USD 2.58 billion in 2021 and is projected to reach USD 5.99 billion by 2028, growing at a CAGR of 12.8% from 2022 to 2028.
The concept of “virtual school”, also known as “e-school”, “online school” or “cyber-campus”, refers to an institution that uses a variety of technological technologies, including the Internet, to provide full-time instruction. increase. , a sequential program of synchronous and/or asynchronous instructions. Students can interact with teachers and other students in a virtual school setting. Most high schools, colleges, and graduate schools use virtual education. Students preparing for competitive exams often prefer online learning opportunities. Through virtual learning, people can take certification exams, receive transferable credit, and progress to the next level of education. Virtual schools are cost-effective, save time, and allow you to focus on other useful tasks. Market expansion is therefore driven by their increased acceptance.
Report includes major chapters
- Patent analysis
- Regulatory framework
- technology roadmap
- BCG matrix
- heat map analysis
- price trend analysis
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Market dynamics and drivers:
The rapid development of information and communication technology (ICT) has made online learning and educational resources accessible to people regardless of their geographical location. The freedom it offers to students, people’s preference for online learning platforms, increasing internet access, and ubiquity of smartphones have increased the demand for online education. For example, Statista reports that 82% of all mobile connections in North America are smartphones, indicating very high device penetration. The acceptance of online education is further fueled by the increasing number of online platforms, technological advances in the online space, reduced hosting costs, rising Internet penetration, and increasing demand for educational content.
The virtual schools market has a lucrative prospect due to the technology and technology improvements utilized by these institutions to enhance online learning.The number of virtual schools using cloud-based solutions is increasing and industry players are investing heavily to enhance its stability and security. Through virtual excursions, augmented reality in education provides a global perspective and exposes students to different cultures. This program makes it easy for students with geometry problems to work with her 3D geometric shapes. Augmenting and improving artificial intelligence through IoT will improve the user experience in online learning networks. Moreover, during the forecast period, the virtual school market will benefit from the growing need for collaboration-based education in developing countries such as China and India.
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Top Key Players Covered in Virtual School Market:
- K12 Inc. (Herndon, Virginia)
- Connections Academy (Maryland)
- Mosaic Education (USA)
- Panthographic Learning (Virginia)
- Florida Virtual School (FLVS) (USA)
- Charter School America (USA)
- Lincoln Learning Solutions (USA)
- Inspire Charter School (USA)
- Abbotsford Virtual Schools (Canada)
- Basehor-Linwood Virtual School (USA), and other major players.
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Highlights of the Virtual School Market Report:
- By type, the revenue EMO segment is expected to lead the growth of the virtual school market in the projected time frame. Educational Management Organizations (EMOs) are for-profit enterprises that primarily provide “whole school administration” services to public school institutions. EMO is typically set up for an enterprise. They dedicated themselves to providing educational services to businesses and other organizations. The virtual school market is being boosted by the growing number of students opening accounts at EMO-run educational institutions.
- By application, the high school segment is expected to hold the highest share in the virtual school market over the forecast period. Most secondary school students prefer to study online to save time and focus on other activities that contribute to market expansion. Students attending virtual school have the option to enroll in college-level or advanced placement courses.
- The North America region is expected to hold the highest share of the virtual school market during the forecast period. This is due to the increasing prevalence of internet and mobile device usage. The virtual school market is driven by domestic institutions in the field that offer online distance learning courses for both students and professionals. This location has a high acceptance rate for virtual schools due to the large financial commitments made by service providers.
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Development of major industries:
October 2021, The launch of FlexPoint Education Cloud was announced by Florida Virtual School. An entirely new company serving K-12 school districts outside of Florida.
Virtual School Market Segmentation:
- Commercial EMO
- Non-commercial EMO
- primary school
- junior high school
- high school
- adult education
For this report, Introspective Market Research has segmented the virtual school market based on region.
REGIONAL OUTLOOK (Revenue in USD million, Units 2022-2028)
- rest of europe
- new zealand
- Rest of Asia Pacific
Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of SA
The latest research on the virtual school market provides a comprehensive overview of the market from 2022-2028. It presents a holistic picture of the global Virtual Schools industry in consideration of all significant industry trends, market dynamics, competitive landscape and market analysis tools. Porter’s Five Forces Analysis, Industry Value Chain Analysis, His PESTEL Analysis of the Virtual School Market, and more. In addition, the report includes important chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis to provide current and future market direction and It helps us understand movement. This report is designed to help readers find information and make decisions that will help them grow their business. This research was written with the specific goal in mind of providing business insights and consulting that help clients make smart business decisions and achieve long-term success in their specific market segment. increase.
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