Global Online Virtual Classroom Software Market by Type (On-premise, Cloud-based), By Application (Family, Hospital, Other) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

                                          

                                                                                       
Market Overview:

The global online virtual classroom software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for online learning and the growing trend of BYOD (Bring Your Own Device). Additionally, the rising number of internet users and the increasing penetration of smartphones are also contributing to the growth of this market. On-premise software held a major share in 2017 and is expected to continue its dominance during the forecast period. However, cloud-based software is projected to grow at a higher CAGR owing to its advantages such as scalability, flexibility, and cost-effectiveness. By application, family held a majority share in 2017; however, hospital is projected to grow at a higher rate during the forecast period owing to an increase in demand for eLearning solutions among healthcare professionals.



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Product Definition:

Online Virtual Classroom Software is a software application that enables educators to create and deliver online courses and lessons. It can also be used for synchronous learning, allowing students and instructors to interact in real-time. Online Virtual Classroom Software is important because it helps educators reach a wider audience with their teachings, while also providing students with an interactive learning experience.

On-premise:

On-premise software is a type of software that is installed and used directly as the source code is being processed. The installation process usually requires physical access to the machine where the installation takes place. On-premise solutions are mostly preferred by large organizations that have dedicated IT staff, hardware, and budget for on-premises solutions.

Cloud-based:

Cloud-based is a term used for software solutions that provide an online virtual classroom. It provides features such as recording, sharing and streaming of the class which can be accessed by multiple users from different locations. The major benefit of this type of software is that it offers flexibility to the teachers in terms of teaching methodology and aids in improving engagement with students. Additionally, it also helps improve administrative tasks such as grading and student management which are usually tedious and time-consuming using traditional education systems.

Application Insights:

The other application segment includes corporate, education and training, and others. Other applications of Oovoo/skype for video conferencing include corporate, education and training, healthcare etc. The global online virtual classroom software market by application is segmented into family, hospital or medical center (or other clinical site), others. The family segment held the largest share in 2017 due to the increasing use of online virtual classrooms by families to watch their childrens lessons from remote locations. For instance; a mother watches her son while he studies for his exams at home whereas she works away from home.

Regional Analysis:

North America dominated the global market in 2017. The growth of this region can be attributed to the presence of a large number of virtual classroom software providers, including K12 Inc.; Amplify Education; and Connections Academy, Inc. Moreover, increasing adoption rates for online education in U.S., driven by declining costs associated with online learning platforms and rising demand for flexible educational options are expected to drive regional growth over the forecast period.

Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing government spending on education infrastructure coupled with growing awareness regarding online learning platforms among parents and students in this region. Furthermore, rapidly expanding e-learning industry due to increased penetration of internet services globally is further propelling market development opportunities across Asia Pacific region during the forecast period  (2018 - 2030).

Growth Factors:

Increasing demand for online learning and virtual classrooms from educational institutions to meet the growing needs of students for flexible and personalized learning.
Proliferation of broadband internet connectivity and smartphones, which is helping to drive demand for online virtual classroom software among consumers for remote learning and collaboration purposes.
Rising number of small businesses that are using online virtual classroom software to provide training and development programs to their employees remotely, thereby reducing costs associated with traditional in-person training programs.
Growing popularity of social media platforms such as Facebook, Twitter, LinkedIn, Google+, etc., which are providing a boost to the adoption rates of online virtual classroom software by businesses as a means for engaging employees in informal learning activities outside the traditional workplace setting.


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Scope Of The Report
Report Attributes
Report Details
Report Title
Online Virtual Classroom Software Market Research Report
By Type
On-premise, Cloud-based
By Application
Family, Hospital, Other
By Companies
SAP, Cornerstone OnDemand, Microsoft, IBM, Oracle, Saba Cloud, Thought Industries, Versal, Docebo LMS, SkyPrep, PlayerLync, Brainier LMS, SyberWorks Training Center, PeopleFluent LMS, BlueVolt, Latitude Learning, Sanoma Learning B.V.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
171
Number of Tables & Figures
120
Customization Available
Yes, the report can be customized as per your need.

Global Online Virtual Classroom Software Market Report Segments:
The global Online Virtual Classroom Software market is segmented on the basis of:
Types
On-premise, Cloud-based
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Family, Hospital, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
SAP
Cornerstone OnDemand
Microsoft
IBM
Oracle
Saba Cloud
Thought Industries
Versal
Docebo LMS
SkyPrep
PlayerLync
Brainier LMS
SyberWorks Training Center
PeopleFluent LMS
BlueVolt
Latitude Learning
Sanoma Learning B.V.



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Highlights of The Online Virtual Classroom Software Market Report:
The market structure and projections for the coming years.
Drivers, restraints, opportunities, and current trends of market.
Historical data and forecast.
Estimations for the forecast period 2030.
Developments and trends in the market.
By Type:
On-premise
Cloud-based
By Application:
Family
Hospital
Other
Market scenario by region, sub-region, and country.
Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Online Virtual Classroom Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
Correctly Positioning New Products
Market Entry Strategies
Business Expansion Strategies
Consumer Insights
Understanding Competition Scenario
Product & Brand Management
Channel & Customer Management
Identifying Appropriate Advertising Appeals



8 Reasons to Buy This Report
Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
Implemented Robust Methodology to Prepare the Report
Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
Provides Information About the Top-winning Strategies Implemented by Industry Players.
In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
Customization of the Report Available

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