Global Virtual Schools Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The global virtual schools market is anticipated to grow at a significant CAGR of 10.5% during the forecast period (2022-2028). The virtual school market is driven by the efficiency of these schools to offer teachers and students with an effective way to transfer information in PDF, podcasts, videos, and ETC mode. E-learning provides access to time and space, which helps schools and other educational institutions to reach more students. E-learning platforms are more affordable than standard pen and paper models and are even easier on the environment. In addition, this can be a blessing to financially disadvantaged students who want to pursue higher education. The increasing internet penetration will enhance real-world growth in the education market during the forecast period. According to the Internet World Stats report, Internet users worldwide have reached 5.1 billion since March 2021. In addition, according to the Tec jury report, the global E-learning sector is expected to reach $ 325 Billion by 2021. Therefore, the proliferation of internet penetration encourages the growth of virtual schools market.

In addition, the development of augmented reality applications through the upcoming 5G technology creates a reality in the education market. With its high-speed network, 5G provides practical information and helps to access applications easily, while 4G technology struggles with the use of Virtual or Augmented Reality in education systems. These robotic apps help kids solve learning problems; it allows them to get an education in the comfort of their own home while allowing them to access cloud-based objects much faster. For example, in March 2021, Fisk University, HTC VIVE, T-Mobile, and Victory XR teamed up to launch the first 5G VR-enabled lab to study delivery to pre-med related majors and biology.

In August 2019, Discovery Education, a US company Edu-tech acquired Inspyro for an undisclosed price. Discovery has purchased Inspyro to enhance its in-house design skills, build, and integrate non-existent and unpopular real content that taxpayers see in all its digital forums. Such market activities are further anticipated to drive the market growth.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape-Alaska Virtual School, K12 Inc., Connections Academy, Mosaica Education, and Pansophic Learning,among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Virtual Schools Market Report by Segment

By Type

• Profit-EMO
• Non-Profit EMO

By Application

• Elementary Schools
• Middle Schools
• High Schools
• Adult Schools