What is Virtual Schools Market Scope?
The virtual school is those type of school in which student attend school from home and the teacher teaches students through the internet. It is widely used in all level of education such as K-12, college, graduate school, and others. In 2018, according to an article published by U.S. News & World Report L.P, more than 4,700 colleges and universities are providing online courses to their students. Hence, rising demand for worldwide virtual education and increasing usage of connected devices in the education industry are some of the major factors which affect the growth of the market in the future.
The Virtual Schools market study is being classified by Type (For-profit EMO and Non-profit EMO), by Application (Elementary Schools, Middle Schools, High Schools and Adult Education) and major geographies with country level break-up.
The market appears to be highly fragmented and with the presence of several companies including K12 Inc. (United States), Connections Academy, LLC (United States), Pansophic Learning (United States), among others Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Virtual Schools market throughout the predicted period.
K12 Inc. (United States), Connections Academy, LLC (United States), Mosaica Education, Inc. (United States), Pansophic Learning (United States), Florida Virtual School (United States), Charter Schools USA Inc. (United States), Lincoln Learning Solutions (United States), Inspire Charter Schools (United States), Abbotsford Virtual School (Canada) and Acklam Grange (United Kingdom) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Illinois Virtual School (United States), Virtual High School (Canada) and Aurora College (India).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Virtual Schools market by Type, Application and Region.
On the basis of geography, the market of Virtual Schools has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In July 2016, the ResponsiveEd has launched a new virtual school comprehend academy, which provides the online academic program to the Texas students. Hence, this initiative will affect the growth of the market in the future.
In 2018, according to an article published by Indian Government’s University Grants Commission, that there are regulations in virtual school diplomas, degrees, and certificates, which is offered by Universities and Institutions in an online medium, to students in India. This regulation has been implemented in order to identify real data or information on diplomas, degrees, and certificates.
Influencing Market Trend
- Various Technological Advancements Such as Introduction Online Assessment Software and Digital Textbooks
Market Drivers
- Increasing Government Initiatives and Surging Internet and Smartphone Penetration
- Widespread Government Initiatives in Growing Markets
Opportunities
- Growing Demand for Collaboration Based Learning in Future
- Mounting Demand from Emerging Economics such as China and India
Restraints
- Issue related to Lack of Resources and Infrastructure in Developing Markets
- Lack of Knowledge and Expertise among End Users
Challenges
- Problem Regarding Lack of Awareness of Virtual School in Some Region
- Limited Customization Feasibility Options for End Users
Key Target Audience
Online Higher Education Platform Providers, Educational Institutes, Software Industry, Government Agencies, Research Organizations and Others
Customization available in this Study:
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