Published on : Jun 10, 2016
ALBANY, New York, June 10, 2016: A new market research study has recently been added by ResearchMoz.us to its comprehensive database of research studies. The research report provides a detailed analysis of the virtual and remote laboratories market in the U.S., including the major driving factors, restraints, key geographical segments, product segmentation, current trends, and competitive scenario. The research study, titled “Virtual and Remote Laboratories Market in the US 2016-2020,” talks about the potential opportunities on the horizon for major players engaged in this market.
Virtual laboratories are established on an online platform that are used widely to create a model of a science procedure or for a detailed explanation of a particular subject. Some of the advanced computer languages, including LabView and MatLab are majorly used to develop the virtual and remote laboratories. These laboratories offer anytime and anywhere access to experiment and are specifically designed for a particular course or a subject.
As per the research study, the virtual and remote laboratories market in the U.S. is projected to register a 36.65% CAGR between 2016 and 2020. The robust e-learning framework, inclusion of virtual laboratories in new learning methods, and growing investments and start-ups are the key factors projected to drive the U.S. market for virtual and remote laboratories in the near future. In addition, the integration if 3D games with virtual labs is expected to fuel the growth of this market in the forecast period.
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By product, the virtual and remote laboratories market in the U.S. has been classified into virtual laboratories and remote laboratories. Currently, the remote laboratories segment leads the market, holding a 55% share in the overall market in the U.S. This segment is witnessing rapid growth as it is considered as a feasible solution for several institutions who have limited budgets but nonetheless want to offer quality education.
By end user, the virtual and remote laboratories market in the U.S. has been broadly categorized into individual learners and institutions. Among these, the institutions segment dominates U.S. market for the virtual and remote laboratories and is projected to register an impressive 38% CAGR between 2016 and 2020. The rapid growth of this region can be attributed to the tailored offerings by market players at subsidized rates, particularly for the institutional buyers. In addition, the fast-paced growth in online learning is anticipated to fuel the growth of the institutions, who are introducing in-house virtual laboratories in order to enhance the performance of both faculty and students.
As per the study, the competition in the U.S. market for virtual and remote laboratories is projected to intensify in the next few years, owing to the growing number of start-ups in this region. Some of the leading players operating in the U.S. market for virtual and remote laboratories are McGraw-Hill Education, Houghton Mifflin Harcourt, LabsLand, John Wiley & Sons, Pearson Education, Labicom, Cengage Learning, Labster, Smart Science Education, and Macmillan. In order to expand their consumer base, these leading players are offering e-books, e-learning modules, and web-based material.
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