ICT companies are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth. The report offers actionable and valuable market insights of Virtual Schools. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Virtual Schools Market across various industries and regions.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Virtual Schools market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Virtual Schools
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Taxonomy of Virtual Schools Industry Report
- By Type:
- Private EMOs
- Non-profit EMOs
- By End-Use:
- Use of Virtual Schools in Elementary Schools
- Use of Virtual Schools in Middle Schools
- Use of Virtual Schools in High Schools
- Use of Virtual Schools in Adult Education
Key Takeaways from Market Study
- Global virtual schools industry predicted to evolve at an impressive CAGR of nearly 11% over the decade.
- Demand for virtual schools increased exponentially with the onset of the COVID-19 pandemic.
- Increased demand for distance education, growing online content development, and surging digitalization are major factors promoting the growth of this industry.
- Demand for virtual schools in China is expected to rise at a high CAGR of nearly 15% through 2031.
“Wide scope of learning with flexibility and ease is a major feature of virtual education, which it is expected to grow in popularity as technology and awareness advances even more over the coming years,” says a Fact.MR analyst.
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How is Demand from for-profit EMOs Expected to Advance Over the Decade?
Demand for private EMOs to provide virtual schooling is anticipated to rise at an impressive CAGR of nearly 12% over the decade. Implementation of virtual schooling methods has been prominent in for-profit EMOs and private EMOs. Private virtual schools have gained immense popularity in the pandemic era as they provide education in these tough times and are efficient enough to conduct classes without hampering the progress of children.
What Does the Survey Say About Demand for Virtual Schools from Non-Profit EMOs?
Non-profit EMOs have not been able to adopt the virtual school trend as efficiently as private ones, and the major restraint factor is financial constraints. But this is now changing and non-profit EMOs are also increasing their footprint in the virtual schooling space.
Growth of non-profit EMOs in 2021 is expected to see a paradigm shift and adoption of the online school trend is expected to an increase over the years to come. Virtual schools for non-profit EMOs are expected to match private and for-profit virtual schools gradually over the coming years.
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Competition Landscape
Top virtual schools market vendors are focusing on pushing the benefits of virtual schooling and are adopting various growth strategies to increase their market penetration. From organic to inorganic, all kinds of strategies are being resorted to by market participants.
- Cuemath, a one-on-one math learning program, has now been launched in the U.S. Bolstering mathematical literacy in the region is the aim for Cuemath, who had already enrolled 15,000 students in a pre-launch. It will be available for grades K to 10 and follows U.S. Common Core accredited by STEM.org.
- Larsen & Toubro, a renowned name in the construction industry, has also announced its plan to enter the online education space, and will be launching application-based learning for engineering students.
For More Insight- https://www.einpresswire.com/article/557144827/concrete-road-construction-machinery-is-poised-to-expand-at-a-cagr-of-over-4-by-2030
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