New York/Houston/Framingham The US market researcher Zion Market Research expects the global eLearning VR market to grow by 42.9% annually in the forecast period 2019-2027. This is the conclusion of the “E-Learning Virtual Reality Market” analysis published this summer. In 2018, the market had a volume of around 60 million US dollars, which is expected to grow to around 1478 million US dollars by the end of 2027.
In its new market study, Zion Market Research thus comes to similar results to the market researcher Research N Reports, which is also based in the USA. The company based in the USA assumes an average annual growth rate of 43 %, although the forecast period is based only on the years 2019 to 2025.
At the same time, there are large differences in the percentage annual growth rate of the world regions. According to the Analysis of the International Data Corporation, the Asia-Pacific market is growing by as much as 70% per year, bearing in mind that the market there is still significantly smaller than the US market, but is likely to catch up decisively in the coming years. The International Data Corporation is also expecting even higher growth in higher education than in general, with an annual growth rate of 98.8% in the coming years.
In summary, the increased introduction of VR-eLearning in the coming years is likely to significantly change digital mediation.
Image: © WavebreakMediaMicro – stock.adobe.com