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Redding, California - November 14, 2024

Virtual Reality in Education Market to be Worth $70.2 Billion by 2031

Virtual Reality in Education Market Size, Share, Forecast, & Trends Analysis by Offering (Hardware, Software, Services), Learning Mode (Instructor-Led Training, Blended Learning), End User (Educational Institutes, Corporate Learners), and Geography - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled ‘Virtual Reality in Education Market—Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication, the virtual reality in education market is expected to reach $70.2 billion by 2031, at a CAGR of 20.7% from 2024 to 2031.

The virtual reality in education market is experiencing growth driven by the growing focus on e-learning, increased demand for immersive VR technologies for corporate training, and increased demand for interactive and personalized learning experiences. However, the high adoption cost of VR may hinder the market's growth.

Additionally, the integration of AI in education, the increasing adoption of EdTech, the growing use of immersive data visualization and analytics, and ongoing advancements in virtual reality are expected to create significant growth opportunities for market participants. However, inadequate infrastructure and technical support are challenges impacting the growth of virtual reality in the education market.

The virtual reality in education market is segmented by offering, learning mode, and end user. The report evaluates industry competitors and analyzes the market at the regional and country levels.

Based on offering, in 2024, the hardware segment is anticipated to dominate the virtual reality in education market. The growing demand for standalone VR headsets, ongoing advancements in VR hardware, the shift towards online education, and the rising need for interactive and immersive learning experiences are key factors driving the dominance of this segment in the virtual reality in education market. Additionally, the benefits offered by this segment—such as personalized learning experiences, enhanced student engagement and motivation, immersive learning environments, and the stimulation of students' imagination—further contribute to its growth.

Based on learning mode, in 2024, the self-paced learning segment is anticipated to dominate the virtual reality in the education market. The increasing demand for high-quality, interactive VR content, the growing need for personalized and flexible learning experiences, the rising focus on e-learning, and the integration of AI and adaptive learning are key factors driving the dominance of this segment in the virtual reality in education market.

Based on end user, the corporate learners segment is anticipated to dominate the virtual reality in the education market. The increasing demand for customized VR training content that meets specific organizational needs, the growing adoption of VR technologies for training and professional development, and the rising use of immersive data visualization and analytics in the corporate sector are key factors driving the dominance of this segment in the virtual reality in education market.

Based on geography, in 2024, North America will dominate the virtual reality in the education market. The presence of leading virtual reality in education companies such as Meta Platforms, Inc. (U.S.), EON Reality, Inc. (U.S.), zSpace Inc. (U.S.), and Pico Interactive Inc. (U.S.) is expected to drive a significant revenue share for this region. Additionally, factors such as the high adoption rate of VR technologies among corporations, increasing demand for high-quality education, growing emphasis on the e-learning market, the integration of AR and VR technologies into educational practices, and rising investments from key industry players are contributing to the region's dominant position in the virtual reality in education market.

Key Players

The key players operating in the virtual reality education market are Microsoft Corporation (U.S.) and Lenovo Group Limited. (Hong Kong), Meta Platforms, Inc. (U.S.), EON Reality, Inc. (U.S.), Avantis Education Limited. (U.K.), zSpace Inc. (U.S.), Osso VR, Inc. (U.S.), VR Education Holdings PLC (Ireland), Pico Interactive Inc. (U.S.), VictoryXR, Inc. (U.S.), VRSim, Inc. (U.S.), Google LLC. (U.S.), Unimersiv (U.S.), Samsung Electronics Co. Ltd. (South Korea), Schell Games LLC. (U.S.), and HTC Corporation (Taiwan).

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=6100

Key Questions Answered in the Report-

What is the value of revenue generated by the sale of virtual reality in education?
At what rate is the global demand for virtual reality in education projected to grow for the next five to seven years?
What is the historical market size and growth rate for virtual reality in education market?
What are the major factors impacting the growth of this market at global and regional levels?
What are the major opportunities for existing players and new entrants in the market?
Which offering, learning mode, and end user segments create major traction in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the virtual reality in education market?
Who are the major players in the virtual reality in education market? What are their specific product offerings in this market?
What recent developments have taken place in the virtual reality in education market? What impact have these strategic developments created on the market?

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Redding, California - November 14, 2024

Virtual Reality in Education Market to be Worth $70.2 Billion by 2031

Virtual Reality in Education Market Size, Share, Forecast, & Trends Analysis by Offering (Hardware, Software, Services), Learning Mode (Instructor-Led Training, Blended Learning), End User (Educational Institutes, Corporate Learners), and Geography - Global Forecast to 2031

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